Regulation
Laundering Bill will tighten rules, Jalan tells US
INDIA - The US has asked India to "redouble efforts against hawala" as part of the proposed measure to combat terrorist financing, Kenneth Dam, deputy secretary, US treasury department, told the media on Monday.
China to concentrate on supervision in 2002
CHINA - The People's Bank of China (PBOC), China's central bank, will focus its attention on reinforcing financial supervision in the year 2002, said Dai Xianglong, governor of the PBOC.
Tobin tax, regulation may win favour-Swede cbanker
SWEDEN - Capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises, Sweden's central bank said on Monday.
Treasury's Taylor favoured as Greenspan heir
US - US Treasury Undersecretary John Taylor is the top pick to replace Alan Greenspan as chairman of the Federal Reserve among an influential group of economists.
Pakistan central bank chief suffers heart attack
PAKISTAN - Dr Ishrat Hussain, Governor of the State Bank of Pakistan, suffered a heart attack last Wednesday.
Beijing toughens bank rules
CHINA - After a call by China's top leadership to strengthen supervision of the country's troubled financial system, the central bank on Friday unveiled a program for tighter inspection of bank finances.
Andersen hires Volcker to restore confidence
US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.
Kazakh president praises central bank chief
KAZAKHSTAN - President of Kazakhstan Nursultan Nazarbayev has sharply criticized national companies. "National companies have turned into feudal principalities and their leaders into princelings," Nazarbayev told the Cabinet on Thursday. But the…
Greek c banker Papademos may replace Noyer
GREECE - Greek central bank governor Lucas Papademos is emerging as a frontrunner to become the European Central Bank's next vice president, European Commission and Greek government sources said Thursday.
EU wants central banker to follow Duisenberg
GERMANY - The European Parliament doesn't want a politician to succeed Wim Duisenberg as president of the European Central Bank, a newspaper reports.
Wim Duisenberg's legacy
FEATURE - Wim Duisenberg, the Dutchman who has headed the European Central Bank (ECB) since its inception, is standing down in July next year.
UK aids Czech laundering fight
UK - Britain is advising the Czech Republic on drawing up anti-money-laundering legislation and improving its financial controls as part of a EU-funded programme to be launched in Prague today.
Swedish Riksbank to publish intervention details
SWEDEN - Sweden's Riksbank, proclaiming greater openness than other central banks, said on Wednesday it will publish regular details of any currency intervention in future, formalising a practice introduced last summer.
FSA steps up split caps probe
UK - The city watchdog has stepped up its investigation into split caps, with the announcement that it has started swooping on investment firms involved in the controversial trusts.
Speech by M R P Devakula, Bank of Thailand, 23 Jan
SPEECH - In the speech titled 'Commercial Banking and Financial Services: our Vision for Thailand' Devakula optimistically predicted that growth in gross domestic product (GDP) this year will stand at 2 to 3 per cent - well above the central bank's…
China to open banking sector as promised
CHINA - China will keep its promise to gradually open up its banking sector in accordance with the timetable set in the WTO agreement, said Chinese central bank governor.
Mexico - No rift with ctrl bk over power rate hike
MEXICO - There is "no rift at all" between the Mexican finance ministry and the central bank, following the government's decision to raise electricity prices, a move that Bank of Mexico Governor Guillermo Ortiz has dubbed inflationary, Finance Minister…
EU heads of state to decide next no. 2 at ECB
FRANCE - French finance minister Laurent Fabius said Sunday that the issue of who replaces European Central Bank Vice President Christian Noyer at the end of May is a matter for European Union heads of state to decide.
Latvia central bank's president nominates deputy
LATVIA - Bank of Latvia president Ilmars Rimsevics has nominated as his deputy Andris Ruselis, the vice-president of Balta and Latva insurance companies, reported the Latvian parliament press service.
States stay on money laundering list
HONG KONG - Nineteen countries and territories are to continue suffering under the stigma of being listed as havens for money laundering.
Slovak c bank replaces management of supervision
SLOVAKIA - Slovak central bank (NBS) appointed Deposit Protection Fund (FOV) head Milan Horvath as the new chief executive of the NBS banking supervision, replacing Tibor Kasiak, the bank's press department said Friday.
White House says interviewing Fed candidates
US - The Bush administration is interviewing candidates to fill two vacancies on the powerful seven-member Federal Reserve Board, a senior U.S. official said on Thursday.
Top civil servant to be new governor in Ireland
IRELAND - Mr John Hurley, the senior civil servant in the Department of Finance, will be the new governor of the Central Bank. The incumbent, Mr Maurice O'Connell, has indicated to the Minister for Finance, Mr Charlie McCreevy that he will be stepping…
Bank of England - News Release
NEWS RELEASE - Financial Sanctions: Afghanistan (Taliban and Usama Bin Laden), 28 January 2002.