Regulation
Reserve Bank executive to have their power reduced
NEW ZEALAND - Brash to be removed as Reserve Bank chairman. The power of the executive team at the Reserve Bank is to be reduced with the introduction of law changes planned for this year.
Basel Committee Working Papers
REPORT - Basel Committee on Banking Supervision Working Paper, August 2001, Risk Sensitive Approaches for Equity Exposures in the Banking Book for IRB Banks.
World Bank appoints new v president and treasurer
US - The World Bank has announced the appointment of Graeme Wheeler as Vice President and Treasurer effective from 3 August. He succeeds Afsaneh Mashayekhi Beschloss, who left the service of the Bank in May 2001.
NZ reserve bank governor's credibility questioned
NEW ZEALAND - The Reserve Bank of New Zealand governor's credibility on economic and social matters has been called into question by the deputy prime minister of New Zealand.
All change at the US Treasury - slowly
CENTRALBANKNET'S SPECIAL REPORT - A brief look at the US Treasury's web-site reveals a significant number of vacancies still to be filled, not least all four positions in the department of economic policy of assistant secretary and the three deputies…
Hungary's National Bank appoints deputy presidents
HUNGARY - The National Bank of Hungary has appointed Henrik Auth and Peter Adamecz as deputy presidents.
New deputy governor to South African Reserve Bank
SOUTH AFRICA - The South African Reserve Bank has appointed Dr Xolile Pallo Guma as its new deputy governor.
Prizes of Romanian central bank for 2001
ROMANIA - The Romanian Central Bank awarded on 31 July its prizes for the year 2001 to prominent figures in the economic and cultural life, who, through their scientific activity and their exceptional original works, made an important contribution and…
Chief to IMF office in Seoul
SOUTH KOREA - Paul Grunwald has been appointed as chief of the IMF office in Seoul, South Korea.
Progress in the Italian Banking System
SPEECH - The Governor of the Bank of Italy, Antonio Fazio, gave a speech on 3 July at the Italian Bankers' Association, Annual Meeting.
Armenia's top officials must declare their income
ARMENIA - The Armenian parliament has passed a law on the declaration of income and property by high-ranking officials, including the central bank, in Armenia.
Bank's legal might cited as grounds for appeal
UK - The fact that orders by the Bank of Thailand to financial institutions carry the equivalent weight of the law could serve as the basis for an appeal by the government in the Pin Chakkaphak extradition case.
BIS International Banking Statistics - Q1 2001
EUROPE - The latest report by the Bank for International Settlements reveals a significant increase in lending to offshore centres in the Caribbean last year, which could be the result of increased hedge-fund activity.
The Origins and Evolution of Central Banking
SPEECH - President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Jerry Jordan, at the Central Bank Institute Conference, Renaissance Cleveland Hotel, Cleveland, Ohio, 21 May.
PBOC cracks down misconduct in securities, banking
CHINA - The People's Bank of China (PBOC), the country's central bank, plans to focus its efforts on cracking down on misconduct within the financial markets.
Thai c bank delays new forex reporting rules
THAILAND - The Bank of Thailand won't issue the details of its revised foreign exchange reporting requirements until some time in August, a bank official said 30 July.
Sri Lanka c bank to slowly lift forex restrictions
SRI LANKA - Sri Lanka's central bank said 30 July it will gradually lift several restrictions on the foreign exchange market that were imposed when the rupee was floated in January.
Costello taps Warwick McKibbin for RBA board
AUSTRALIA - Australian Treasurer Peter Costello said today, 26 July, he appointed academic Warwick McKibbin as a member of the Reserve Bank of Australia's board.
Fed's Ferguson takes oath for new term
UNITED STATES - After spending two years in political limbo, U.S. Federal Reserve Vice Chairman Roger Ferguson was sworn in today, 26 July, for a second term on the U.S. central bank board, the Fed said.
Chinese c bank formulates financial insolvent law
CHINA - Wu Xiaolin, the vice president of the People's Bank of China, recently declared that foreign financial organisations will come to Chinese markets after China's entry into WTO. It will make the competition in the financial industry more violent…
Safeguarding financial stability - key issues
SPEECH - Vahur Kraft, Governor of the Bank of Estonia spoke at a conference on the Challenges for the Unified Financial Supervision in the New Millennium, Tallinn, Estonia on 2 July.
Is Greenspan growing tired of his task?
ARTICLE - Alan Greenspan has always been as good a politician as he is a central banker. The Federal Reserve chairman is the master of the non-answer-answer to a hostile question and he does it with remarkable grace. Last week's appearance on Capitol…
BIS urges watch on Asian c.bank balance sheets
AUSTRALIA - The Bank for International Settlements said today, 24 July, more attention should be paid to the balance sheet independence of central banks in Asia.
Thai c.bank to finalise new forex rules this week
THAILAND - A senior Bank of Thailand (BOT) official said on 24 July changes to forex trade reporting rules for foreigners would go to the governor for approval this week.