Regulation
RBI wants to delicense money changers
INDIA - In tune with the financial sector liberalisation, the Reserve Bank of India (RBI) wants to delicense the money changers. It plans to get out of the business and wants the money changers to work as agents of public sector banks.
EU won't protest changes at Polish c bank
POLAND - An amendment to Poland's central bank law increasing the size of the bank's interest rate-setting Monetary Policy Council, or RPP, shouldn't draw protests from the European Union, Prime Minister Leszek Miller said Friday in an interview on…
Anthrax found in Federal Reserve mail facility
US - The Federal Reserve Board that sets U.S. interest rates and guides the world's most powerful economy, announced on Thursday that mail possibly contaminated with anthrax had been found at its off-site postal facility set up to head off suspect mail.
U.S. Senate okays Bies, Olson to Fed board
US - The U.S. Senate on Thursday confirmed the nominations of bankers Susan Schmidt Bies and Mark Olson to the seven-member Federal Reserve Board, whose most visible job is setting U.S. interest rates.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan at George Washington University, the Robert P. Maxon Lecture, Washington, D.C. 3 December.
Russia's Gerashchenko denies resignation rumours
RUSSIA - Chairman of the Central Bank of Russia (CBR) Viktor Gerashchenko said Thursday that he had no plans to resign from 1 January.
Bank Indonesia gets three new deputy governors
INDONESIA - The Indonesian parliament late Wednesday named three new deputy governors for Bank Indonesia, filling positions that had been left vacant for extended periods.
FSA Davies - C bank supervision not more effective
GERMANY - Howard Davies, chairman of the new U.K. Financial Services Authority, late Wednesday rejected the view that supervision of the financial sector may be more effective if carried out by an independent central bank rather than a non-central-bank…
Speech by Deputy Gov of the Reserve Bank of India
SPEECH - Inaugural address delivered by Shri Vepa Kamesam, Dy. Governor, Reserve Bank of India at Administrative Staff College of India, Hyderabad at a programme on 'Governance in Banks and Financial Institutions' on 22 November.
Russia approves c bank version of banking reform
RUSSIA - The Central Bank, the Finance Ministry and the Economic Development Ministry have submitted to the government an agreed-upon document on the development strategy for the banking sector.
Sweden offers role model for UK financial watchdog
SWEDEN - Sweden offers role model for UK's financial watchdog - The FSA could learn from the experiences of the pioneering Nordic regulator, writes Christopher Brown-Humes in London FT, 4 December.
Brazil Senate panel okay Parnes as c bank director
BRAZIL - Brazil's Senate Economics Committee Tuesday approved the nomination of economist Beny Parnes as central bank international affairs director.
Speech by Alastair Clark of the Bank of England
SPEECH - Remarks by Alastair Clark, Executive Director of the Bank of England at the FBSA Annual Conference 2001 in London on 29 November.
European Central Bank Press Release
PRESS RELEASE - New ECB Regulation in the field of money and banking statistics, 22 November.
Riksbank reappoints Villy Bergstrom dep director
SWEDEN - The General Council of the Swedish Riksbank has voted unanimously to reappoint Villy Bergstroem as deputy governor and member of the bank's Executive Board for a period of six years.
Australian reserve bank hawks prime office space
AUSTRALIA - The Reserve Bank of Australia (RBA) is to lease out 6,000sq m of office space at its Martin Place, Sydney office.
EC concern over independence of Czech c bank
CZECH REPUBLIC - The European Commission (EC) is worried about continued threats to the independence of the Czech National Bank (CNB), including the independence of the bank's board members, according to this year's annual assessment report.
Repse hands in resignation to go into politics
LATVIA - The president of the Bank of Latvia, Einars Repse, handed in a resignation to the Latvian Parliament Speaker Janis Straume 30 November, so that he could draw attention to forming his new would-be political party already named Jaunais Laiks, or…
Thai bank supports action against ex-chief
THAILAND - Thailand's central bank has apparently endorsed plans to take punitive legal action against Rerngchai Marakanond, the institution's former governor, for exhausting the country's foreign exchange reserves to defend the baht against currency…
Singapore finalising licences for foreign banks
MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.
President appoints new Bank of Finland member
FINLAND - Finnish President Tarja Halonen on Friday appointed a surprise candidate to the Bank of Finland's board after an embarrassed government dropped the nominations of two veteran politicians.
BOJ to cut annual salary for executives by 0.4%
JAPAN - The Bank of Japan (BOJ) said Friday it will cut the annual salary of its executives for this fiscal year by 0.4% from the previous year.
Brazil faces tough task on reform
BRAZIL - Time is running out on the Brazilian government's efforts to garner support for key reforms as President Fernando Henrique Cardoso starts his final year in office.
Father of Latvian currency to resign
LATVIA - The father of Latvia's national currency will resign as head of the central bank on 30 November, but analysts and officials expect him to leave a legacy of stability and a well-run Bank of Latvia.