Regulation
RBI - Efforts needed to safeguard information
INDIA - The provision of adequate security has assumed urgency in banks and continuous and concerted efforts have to be made to safeguard information and information systems, the Reserve Bank of India's Deputy Governor, Vepa Kamesan, said Saturday.
Canada auditors get new monitor
CANADA - Canadian securities regulators and accountants have formed a new body to address investors' lack of confidence in financial statements.
Increase in money returned by Pakistani's abroad
PAKISTAN - Remittances from Pakistanis living overseas more than doubled in the financial year that ended last month - their most robust growth for years, the State Bank of Pakistan said on Thursday.
No intervention in Trichet case vows French gov't
FRANCE - The French government and the Paris prosecutor's office said Wednesday they would not intervene over the forthcoming trial of Jean-Claude Trichet, the central bank governor whose attempt to become president of the European Central Bank is…
Poland's c bank wants talks with finance minister
POLAND - The National Bank of Poland (NBP) has declared it wants dialogue with the finance minister following the 16 July presentation of his strategy, NBP president Leszek Balcerowicz has said.
Thai c bank chief rebukes PM over baht comments
THAILAND - Thailand's central bank chief Pridiyathorn Devakula on Monday criticised Prime Minister Thaksin Shinawatra for making bullish comments on the baht which has rallied to its highest level for two years. "The prime minister should not comment on…
Stock exchange wants autonomy for Kenya's c bank
KENYA - The Nairobi Stock Exchange (NSE) board of directors want the Kenyan constitution to increase the autonomy of the Central Bank of Kenya (CBK).
"Anti-central bank" central banker promoted
BULGARIA - A peculiar choice has been made to replace Roumen Avramov on the Bulgarian National Bank's board of governors.
Bank of Spain to close 31 branch offices by 2004
SPAIN - The Bank of Spain has decided to close 31 of its offices in as many provinces by December 2004.
Bush sends Fed nominees to Senate for confirmation
US - U.S. President George W. Bush on Thursday sent to the Senate for confirmation his two nominees to the Federal Reserve Board -- Donald Kohn and Ben Bernanke, reports Reuters.
Cleveland Fed President Jordan to retire
US - Jerry L. Jordan announced on Tuesday that he plans to retire as president of the Federal Reserve Bank of Cleveland effective 31 January, 2003.
Russian law signed preserving c bank independence
RUSSIA - President Vladimir Putin has signed a federal law on the Central Bank of Russia, the presidential press service said on Thursday.
Financial regulation change brought closer for EU
BELGIUM - European Union finance ministers will tomorrow discuss a radical shake-up of banking and insurance regulation in an effort to bolster Europe's defences against future financial crises.
BIS Press Release
PRESS RELEASE - Basel Committee reaches agreement on New Capital Accord issues, 10 July.
Polish c bank's new duties may be unconstitutional
POLAND - The Constitutional Tribunal is likely to judge the planned amendments to the legislation regulating the duties of Poland's central bank unconstitutional, claims Mieczyslaw Czarniawski, head of the parliamentary Public Finance Committee.
UAE central bank reports surge in national staff
UAE - The UAE's central bank reported a surge in the number of its national workers as it presses ahead with a job nationalisation drive to ease reliance on foreigners.
Trichet backed as Duisenberg's successor at ECB
GERMANY - Edmund Stoiber, currently leading to race to become German chancellor, issued strong backing for Bank of France governor Jean Claude Trichet as the best successor to Wim Duisenberg as European Central Bank president. Paris prosecutors recently…
Poland's central bank chief 'in the line of fire'
POLAND - The Polish owner of a shooting range has found himself in trouble over images of the central bank governor's face which have been used as targets.
Crocked?
ARTICLE - Tuesday's Financial Times catches the mood of speculation on who is favourite to succeed Sir Edward George as the governor of the Bank of England with the suggestion that betting odds and horse racing may have something to do with it.
Basle accord set to change banking landscape
SWITZERLAND - The small Swiss town of Basle will this week play host to what could go down in financial history as a momentous event: agreement in principle on new banking regulations.
BIS Press Release
PRESS RELEASE - BIS holds Annual General Meeting and releases its 72nd Annual Report, 8 July.
BIS - Annual Report April 2001 - March 2002
ANNUAL REPORT - The Bank for International Settlements has published its Annual Report for the year ended April 2001 - March 2002.
Press Release from Sweden's central bank
PRESS RELEASE - New head for the Secretariat of the Executive Board at the Riksbank, 4 July.
Spain's central bank to close retail offices
SPAIN - Banco de Espana, Spain's central bank, intends to close down several of its 52 regional offices across Spain in order to reduce costs. At present, the authority operates one branch in every provincial capital of the country. Management intends to…