Regulation
Islamic financial services board to be based in KL
MALAYSIA - Malaysia will host the Islamic Financial Services Board (IFSB), which is tasked with setting international prudential standards for Islamic financial instruments, and Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been appointed…
New governor appointed at Central Bank of Cyprus
CYPRUS - Cyprus has appointed Interior Minister Christodoulos Christodoulou as the new governor of its central bank. He replaces Afxentis Afxentiou who retired on 30 April.
Bahamas victor will face depressed economy
BAHAMAS - One outcome of tomorrow's general election in the Bahamas, an important offshore financial services centre, is certain: the Atlantic archipelago will have a new prime minister, and he will be faced with a period of economic uncertainty.
BofE's Clementi may become new Prudential chief
UK - David Clementi, deputy governor of the Bank of England, is favourite to become the next chairman of the Prudential Corporation reports the Sunday Telegraph, in a move that will reassure the City following last week's sudden resignation of Sir Roger…
Bundesbank's new board members approved
GERMANY - The constitution of the Deutsche Bundesbank's new board was settled Friday, a month after lawmakers agreed to adapt the central bank's structure to the era of the European single currency.
NZ central bank has six months to replace Brash
NEW ZEALAND - The Reserve Bank of New Zealand said in a statement released Monday that it will advertise the position of governor locally and overseas - a decision that leaves the door open for an external candidate to fill the role vacated by Don Brash…
Central banker may become road sweeper in Russia
RUSSIA - After more than a decade running the Russian Central Bank, Viktor Gerashchenko says he'll try his hand as a street sweeper if his pension payments don't come through soon.
Duma votes for second reading on c bank law
RUSSIA - The Russian State Duma at its Friday plenary meeting voted unanimously (with 366 votes) to return amendments to the law on the Central Bank for a second reading.
RSA to delist from Securities Exchange on 2 May
SOUTH AFRICA - The South African Reserve Bank (SARB) will delist from the JSE Securities Exchange from the start of business on 2 May after the required number of shareholders voted in support of the move, it said on Friday.
Speech by W. McDonough, New York Fed Bank, 25 Apr
SPEECH - In the speech 'Bank Supervision and Credit Standards under Basel II - Perspectives for SMEs' McDonough said "it is an honor to join your discussion on the efforts of the Basel Committee on Banking Supervision to ensure that the international…
Speech by Wim Duisenberg, ECB President, 24 Apr
SPEECH - Duisenberg, echoing comments from other ECB members, said in a speech on Wednesday that the bank's supervisory committee should play a key role in improving EU banking supervision.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Brash resigns, 26 April.
Reserve Bank of New Zealand News Release
NEWS RELEASE - RBNZ: business as usual, 26 April.
New Zealand bank governor resigns
NEW ZEALAND - The Reserve Bank of New Zealand governor Don Brash has stepped down after 14 years in the top job to make a new career for himself as a politician.
BOK union criticises gov't MPC meddling
SOUTH KOREA - The Ministry of Finance and Economy should stop intervening in appointments of interest-setting Monetary Policy Committee (MPC) members, the labor union of the Bank of Korea asserted yesterday.
Ignatyev sets priorities for central bank policy
RUSSIA - Central Bank CEO Sergei Ignatyev reported on new priorities for the Russian banking system on 24 April.
China reaffirms separation of banking, regulation
CHINA - The People's Bank of China, the country's central bank, has turned down the calls for removal of the wall between the banking, insurance and securities sectors, reaffirming that the wall will remain there for now.
National Bank of Denmark - Annual Report 2001
ANNUAL REPORT - National Bank of Denmark has published its annual Report and Accounts for 2001.
New Greek governor may be chosen in May
GREECE - A central bank governor for Greece is likely to be chosen in the middle of May - to replace Lucas Papademos, who was elected earlier this month as the European.
No need for more transparency at ECB says Noyer
BELGIUM - European Central Bank Vice President Christian Noyer said on Tuesday there was no reason for the time being to increase the banks transparency by publishing minutes of the ECB's closed-door meetings, but did not rule it at some point in the…
Speech by J Hurley, Ireland's central bank, 9 Apr
SPEECH - In his first public speech since assuming the governor's role, Mr Hurley signalled the need for some refinement of existing regulation following the fraud at AIB's US subsidiary, Allfirst. The Bank has serious concerns about controls that failed…
Legislation may see expanded role for Irish c bank
IRELAND - The Minister for Finance in Ireland, Mr McCreevy, has laid the foundation for the creation of a restructured Central Bank that will incorporate consumer protection and prudential regulation of the financial services sector.
OECD ponders action against tax havens
SWITZERLAND - Switzerland and Luxembourg could face financial sanctions if they continue to refuse to commit themselves to an international initiative against harmful tax practices.
Speech by H Kohler, Managing Director, IMF, 17 Apr
SPEECH - Kohler said in a speech titled 'Promoting Sustained Growth and International Financial Stability' that the U.S. economic recovery should provide a lift for the rest of the world, making now a good time for the world's largest economies to…