Regulation
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.
Duma appoints new central bank chair
RUSSIA - The Duma approved resignation of Victor Gerashchenko from the post of the Central Bank Chair. Duma deputies also awarded Gerashchenko with an honorable diploma, and Chair of the Duma Gennady Seleznev presented the diploma to him. The Duma…
New Dep chairperson appointed at Bank of Lithuania
LITHUANIA - On 21 March the President of the Republic of Lithuania appointed Ms Ramune Zabuliene Deputy Chairperson and Member of the Board of the Bank of Lithuania for a nine-year term.
German parliament likely to block Buba reform plan
GERMANY - Long standing plans to reform Germany's central bank face a drawback as the Bundesrat upper house of parliament is expected to delay an approval Friday.
Bies - Insolvent co's should be allowed to fail
US - The financial collapse of Enron Corp. (ENRNQ) didn't have a widespread effect on the U.S. economy, Federal Reserve Governor Susan Bies said Thursday.
Malaysian shares up ahead of c bank annual report
MALAYSIA - Malaysian shares closed up Wednesday ahead of the central bank's 2001 annual report release.
Banks face loyalty dilemma
FEATURE - With all the fuss about terrorist finance, it's sometimes easy to forget that the argument about how to track dirty money is a very old one indeed.
Full integration for Poland's c bank in 2003
POLAND - Poland's central bank will be fully integrated with the European Central Banks System in 2003, National Bank of Poland President Leszek Balcerowicz told a Monday briefing.
Joint Press Release
PRESS RELEASE - The federal financial institutions supervisory agencies today announced that the financial institutions they supervise should follow the guidance issued by the U.S. Securities and Exchange Commission with respect to auditing and…
Greece hopes EU will back Papademos for ECB VP
GREECE - Greece hopes other European Union members will support Bank of Greece governor Lucas Papademos' candidacy for the vice-presidency of the European Central Bank, the government said Wednesday.