Regulation
Beijing backs away from controversial audit plan
CHINA - Chinese securities regulators have backed away from a controversial plan to force companies issuing shares to have their books audited by foreign accountants after furious lobbying against the policy by the domestic industry.
Indonesia court delays verdict on c bank governor
INDONESIA - An Indonesian court has delayed for a week the verdict on central bank governor Sjahril Sabirin in a corruption trial stemming from a long-running banking scandal.
Portugal's Constancio rules out ECB board bid
PORTUGAL - Portugal's central bank governor Vitor Constancio on Thursday ruled himself out of the race to replace European Central Bank Vice-President Christian Noyer who steps down from the board at the end of May.
Speech by A Crockett, General Manager, BIS, 27 Feb
SPEECH - In the speech titled 'Towards global financial reporting standards: a critical pillar in the international financial architecture' Crockett said Financial reporting is a basic building block of the financial infrastructure. In today's highly…
President Pervez to visit State Bank Pakistan
PAKISTAN - President Pervez Musharraf will visit the State Bank of Pakistan on 9 March for a briefing on the economic situation, sources said on Friday.
BOK head should be guaranteed 4-year term-Union
SOUTH KOREA - The Bank of Korea (BOK) governor should be guaranteed a four-year term regardless of the results of the presidential election scheduled for December this year, BOK's labor union and a civic group maintained yesterday, reports the Korea…
Regulators relax rules for some foreign banks
US - Federal regulators are easing the rules for some foreign banks operating in the US, freeing up about $1.6bn (Euros 1.8bn, £1.1bn) in assets and reducing some administrative costs.
Sjahril verdict expected Wednesday
INDONESIA - The Central Jakarta District Court is expected to deliver a verdict in the case of Central Bank Governor Sjahril Sabirin on Wednesday.
People's bank to open office in Frankfurt
CHINA - The People's Bank of China (PBOC), the central bank, plans to open a representative office in Frankfurt home of the European Central Bank (ECB) is headquartered, PBOC's press office announced.
Journal of Policy Modeling paper
RESEARCH - The European Monetary Union: were there alternatives to the ECB? A quantitative evaluation by Warwick J. McKibbin and Tomas Bok.
Central Bank of Guatemala Governor Kidnapped
GUATEMALA - It has been confirmed that the President of the central bank of Guatemala Lizardo Sosa was kidnapped while out for his regular morning jog close to his home.
Channel Islands agree tax haven deal
UK - Guernsey and Jersey in the Channel Islands have signed up to an international programme to block tax evasion.
RBI panel moots pool of bank directors
INDIA - The Reserve Bank of India's (RBI) consultative group of directors of banks and financial institutions has recommended creating a pool of independent directors - approved by the RBI - to join various bank boards.
Amendment of BI law to be completed soon
INDONESIA - The House of Representatives and government officials are expected to finish debate over the amendment of the central bank law within two weeks.
Polish central bank - Support early euro entry
POLAND - The European Union should encourage new members of the bloc to adopt the euro as their national currency as early as possible, the president of the Polish central bank said Monday.
Eurogroup's Rato supports Trichet as ECB head
FRANCE - Rodrigo Rato, chairman of the group of EU finance ministers, on Thursday said the next president of the European Central Bank should be French and signalled his support to put Bank of France Governor Jean-Claude Trichet in the top job.
Hungarian ctrl bk to coordinate data after glitch
HUNGARY - The National Bank of Hungary and the Central Statistics Office, or KSH, Wednesday signed a pact to harmonize data collection, two days after the central bank revised and more than doubled the 2001 current account deficit.
Japan urged to adopt British-style economic reform
UK - The British government will today urge Japan to press ahead with privatisation and other structural reforms as the best way to pull the country out of its deepening economic crisis.
New Middle East development bank proposed
BELGIUM - The European Commission will on Wednesday unveil proposals for a new development bank for Mediterranean and Middle East countries amid a debate over the European Union's political and economic role in the region.
O'Neill: 'Enron to trigger stricter laws'
US - US Treasury Secretary Paul O'Neill has weighed into the debate about how to prevent any repetition of the Enron scandal with proposals to tighten the law on negligence.
Greece needs more structural reforms-cen bank
GREECE - Greece needs to proceed with additional structural reforms in order to boost the economy's competitiveness in the eurozone, the Bank of Greece and The Brookings Institution, said on Monday.
Spain sees ECB Noyer's succession settled in March
FRANCE - A successor to European Central Bank Vice President Christian Noyer will be chosen at a European Union summit in Barcelona in mid-March, Spanish Economy Minister Rogdrigo Rato said in an interview published on Thursday.
Anger at Hain over timetable for joining euro
UK - The UK Treasury has signalled its anger at Peter Hain, the minister for Europe, for laying out a possible timetable for euro membership.
Jockeying begins as candidates line up for ECB job
UK - EU governments are marshalling their candidates to succeed Christian Noyer when he steps down on 31 May as vice-president of the European Central Bank.Guy Quaden, the governor of the Belgian central bank, yesterday removed his name from the…