Regulation
Speech by M R P Devakula, Bank of Thailand, 26 Aug
SPEECH - In the speech Devakula said that as financial regulators, one of the Bank of Thailand's main tasks is to provide a prudential framework ensuring the overall improvement of risk management of financial institutions. In the case of Thailand…
Ireland's central bank launches insurance guide
IRELAND - A new information leaflet for consumers about buying investment and insurance products was launched by the Irish central bank on Tuesday.
Transparency at the IMF
REPORT - A Factsheet published by the International Monetary Fund on 20 September 2002.
Bank of Albania brief gov't on money launder fight
ALBANIA - Bank of Albania governor Shkelqim Cani reported in a hearing session in parliament on 23 September, evening, on measures undertaken from the Central Bank, concerning the war on money laundering, as one of the most important means of the war on…
China revises internal bank rules
CHINA - China's central bank introduced revised rules on the internal controls of commercial banks yesterday, in a further effort to reduce the possibility of financial risks.
ECB Press Release
PRESS RELEASE - ECB hosts consultation on integration of short-term securities markets, 16 September.
Irish association calls for central bank reform
IRELAND - The Consumers' Association of Ireland has called for a lessening of the power of the Department of Finance and the Central Bank in how the new financial regulator will work.
China central bank urges banks to step up controls
CHINA - The People's Bank of China (PBOC), the country's central bank, on Wednesday issued guidelines on commercial banks' internal control, in a bid to urge the banks to improve their control system, minimize financial risks and ensure the safety of the…
SA financial system stable: Mboweni
SOUTH AFRICA - Local financial regulators are highly optimistic about the stability of the country's financial system, says Tito Mboweni, the SA Reserve Bank governor.
Speech by Jurgen Stark of the Bundesbank, 6 Sep
SPEECH - In the speech titled 'Cyclical and architectural issues of the international economy' Stark said even though recent news about the world economy has not been exactly cheerful, judging by the data now available, the world economy remains on the…
West African bank raid suspect arrested
BURKINO FASO - Police have arrested the chief suspect in a $3m robbery at the West African central bank. The man detained was a security guard at the central bank.
Speech by Ernst Welteke of the Bundesbank, 6 Sep
SPEECH - In the speech titled 'The International Financial Architecture' Welteke said any future form of cooperation in the field of financial sector supervision should make use of central banks' know-how in banking supervision and financial markets. All…
Pakistan to introduce new money laundering law
PAKISTAN - Pakistan's military government of General Pervez Musharraf is set to introduce a comprehensive anti money laundering law before next month's elections mark a return to civilian rule, the central bank governor said on Wednesday.
Thailand central bank's supervisory role to grow
THAILAND - Planned legal changes in financial sector supervision will give the Bank of Thailand increased authority over bank subsidiaries and credit card issuers.
Russian fin min proposes liberal forex regulations
RUSSIA - In light of lessening capital flight from Russia, the Finance Ministry is prepared to further liberalize forex regulations, Deputy Prime Minister and Finance Minister Aleksey Kudrin said at a press conference on Tuesday.
Bank of England Working Paper
RESEARCH - Regulatory and 'economic' solvency standards for internationally active banks by Patricia Jackson, William Perraudin and Victoria Saporta, Bank of England. In this paper, light is shed on the solvency standards implied by current and possible…
Financial Stability Forum Press Release
PRESS RELEASE - FSF reviews vulnerabilities and efforts to strengthen the international financial system, 4 September. The Financial Stability Forum (FSF), chaired by Andrew Crockett, General Manager, Bank for International Settlements, met on 3-4…
Central bank supervisory role to grow in Thailand
THAILAND - Planned legal changes in financial sector supervision will give the Bank of Thailand increased authority over bank subsidiaries and credit card issuers.
Offshore Financial Centers
REPORT - The Assessment Program: An Information Note, Prepared by the Monetary and Exchange Affairs Department, IMF, 29 August.
MPs to increase SA Reserve Bank's accountability
SOUTH AFRICA - Parliament's finance committee is to investigate ways to formalise and strengthen the accountability of the SA Reserve Bank to the legislature, Business Day reported.
Eichel unveils new financial taskforce
GERMANY - Hans Eichel, Germany's finance minister, announced on Tuesday the creation of a new financial taskforce to combat balance sheet manipulation by corrupt managers and auditors.
RBI to formulate policies to curb money laundering
INDIA - The Reserve Bank of India is in the process of formulating policy, procedures and controls required by banks to check the possible use of the financial system for money laundering and financing of terrorism, according to Mr Vepa Kamesam, Deputy…
RBA Media Release
MEDIA RELEASE - Changes to financial sanctions, 2 September.
Nigerian central bank tackles money laundering
NIGERIA - As the war on money laundering intensifies in Nigeria, the Central Bank of Nigeria has given local banks until the end of September to clean up their acts or face severe sanctions.