Regulation
Gov't demand changes in law on Nat Bank of Georgia
GEORGIA - Ministry of State Security of Georgia demands entering changes to law on National Bank of Georgia to study "doubtful bank enumerations".
Zimbabwe's c bank calls for debt issue discussion
ZIMBABWE - The Reserve Bank of Zimbabwe (RBZ), the country's central bank, has urged the government to intensify efforts to shift debt towards longer term securities to address the huge debt service burden, according to the Zimbabwe Inter-Africa News…
Boost for Germany's financial role
GERMANY - Recent reforms to modernise regulation of Germany's financial markets are likely to strengthen the country's position as an international financial centre, even though the government had to compromise on its proposals.
IMF Working Paper Series
RESEARCH - Regulatory and Supervisory Independence and Financial Stability by Marc Quintyn and Michael Taylor of the Monetary and Exchange Affairs Department of the International Monetary Fund, March 2002.
Basel Committee on Banking Supervision
REPORT - Supervisory Guidance on Dealing with Weak Banks, Basel Committee Publications No. 88, March 2002.
US-based professor new Afghan central bank chief
AFGHANISTAN - An American-based university professor and former merchant banker on Sunday was appointed to probably the toughest finance job in the world - governor of the Afghan Central Bank.
HK monetary chief takes a 10% pay cut
HONG KONG - Hong Kong monetary chief Joseph Yam, claimed by many as being over-paid, became the first senior civil servant to take a pay cut as part of the government's belt-tightening drive.
Argentine ex-minister arrested
ARGENTINA - The former Argentine economy minister, Domingo Cavallo, has been arrested in connection with illegal arms sales to Croatia and Ecuador in the 1990s.
Bulgarian nat bank to tighten bank system control
BULGARIA - The Bulgarian National Bank (BNB) will closely monitor the small shareholders in Bulgarian banks, which acquire stakes of over 3.0 pct, according to Banking Act amendments, reports Bulgarian News Digest.
PBOC challenged on conflict in supervisory role
CHINA - A fierce debate is raging within the Chinese Government over whether to remove from the central bank its role as supervisor of the banks and set up a new organisation that would do a better job.
Czech Senate okay c bank law on meeting EU needs
CZECH REPUBLIC - The Czech Senate on Wednesday approved an amendment to the Czech National Bank (CNB) bill which brings the legislation into line with European Union requirements.
ECB Press Release
PRESS RELEASE - Compendium Collection of legal instruments, 28 March.
Montenegro rejects any link with Yugoslav Nat bank
YUGOSLAVIA - The National Bank of Yugoslavia is not competent to represent Montenegro, officials of the tiny coastal republic have told representatives of the International Monetary Fund (IMF).
Kabul joins queue for bank services
AUSTRALIA - Two months after John Howard promised Australian help to rebuild Afghanistan's war-ravaged central bank, the Reserve Bank of Australia official chosen to advise his Afghan counterparts is still cooling his heels in Sydney, The Australian…
Indonesia to decide on new central bank deputies
INDONESIA - Parliament is in the process of choosing two new central bank deputies after receiving nominations from Bank Indonesia's troubled governor Sjahril Sabirin on Wednesday.
Central bank head in Iran faces corruption trial
IRAN - Iran's judiciary revealed on Tuesday that it intended to go ahead with the trials of the oil minister, the governor of the central bank and other senior politicians as part of an anti-corruption drive launched by the supreme leader, Ayatollah Ali…
Speech by Fed Chairman Alan Greenspan, 26 Mar
SPEECH - In a speech titled 'Corporate governance' Greenspan cautioned lawmakers against responding to the wave of corporate governance and accounting scandals by increasing regulation, arguing the market already is enforcing higher ethical standards.
Argentina's ex c bank chief charged with fraud
ARGENTINA - Former Economy Minister Roque Fernandez has been indicted for fraud against the public administration and his assets exceeding 70m pesos have been frozen over his alleged liability in the liquidation of the Banco Feigin, court sources have…
IMF, World Bank mission to meet Russian c banker
RUSSIA - Officials of the International Monetary Fund and World Bank will arrive in Moscow next week to discuss the reform of Russia's banking sector with recently appointed central bank Chairman Sergei Ignatyev, a finance ministry official said Tuesday.
Another month of agony for ECB hopeful Trichet
FRANCE - Bank of France chief Jean-Claude Trichet will have to wait until the end of April to know whether French state prosecutors want him tried over a bank scandal that has hurt his hopes of becoming European Central Bank president reports Reuters.
Transparency doesn't mean full disclosure
GERMANY - Central bank transparency doesn't mean communicating the exact timing and scope of changes in monetary policy to markets, according to European Central Bank executive board member Sirkka Haemaelaeinen.
New governor appointed at the Bank of Korea
SOUTH KOREA - Park Seung has been appointed as the next governor of the Bank of Korea. He will take over at the beginning of April after current governor Chon Chol-hwan's four-year term ends on 31 March.
Germany creates super-regulator, reform Bundesbank
GERMANY - Germany's parliament agreed on Friday to sweeping changes on how the country's financial markets are supervised and run and, against expectations, passed a law that will shrink management at the once-mighty Bundesbank, report Reuters.
ECB urges independence of central banks
UK - For central and eastern European countries keen to enter the eurozone, the European Central Bank has a message: be patient, continue to pursue economic reforms and, at all costs, do not undermine the independence of your central banks.