Regulation
Egypt's central bank deputy becomes temporary head
EGYPT - Egypt's deputy central bank governor, Mahmoud Abu Al-Ayoun, is standing in as the governor of the bank until a new one is appointed to replace Ismail Hassan, a central bank official said Monday 15 October.
Why China needs a real central bank
ARTICLE - On paper, the People's Bank of China is in charge of monetary affairs - In reality, its authority is emasculated by party politics - a huge liability as WTO entry nears.
Conference targets terror funds
CANADA - An international conference on money laundering opens in Montreal late on Monday 15 October, aimed at helping countries harmonise their approaches to tackling the issue.
Prime candidate for Bank of England hot seat
ARTICLE - In all the turmoil over a momentous weekend, a valuable contribution to City gossip is in danger of being overlooked. The esteemed City chronicler, Christopher Fildes, reminded us in his Spectator column last week that the next big job vacancy…
Speech by Christian Noyer of the ECB
SPEECH - Speech by Mr. Christian Noyer, Vice-President of the European Central Bank, at the European Federation of Finance House Associations (EUROFINAS) conference, Warsaw, 15 October.
Banks tighten monitoring use of capital in Taiwan
TAIWAN - Many banks in Taiwan will further tighten monitoring the movements of funds lent to enterprises to prevent borrowers from wiring the money they get from the banks abroad and then left their debts in Taiwan.
Poland's Miller denies plan to curb central bank
POLAND - Poland's Prime Minister designate Leszek Miller denied in a radio interview that his future coalition government had agreed to curb the central bank's independence if it does not cut interest rates by 600 basis points over the next six months,…
Duisenberg calls for 12 more months as ECB leader
GERMANY - Wim Duisenberg has virtually ruled out any prospect that he would step down as European Central Bank president halfway through his term by making clear he wanted to stay in his job for at least the next 12 months.
US tightens 'terror cash' laws
US - The US Senate has passed legislation to tighten laws against money-laundering, as financial authorities seek ways to clamp down on terrorists' sources of funding.
IMF upbeat on Russia
RUSSIA - The International Monetary Fund (IMF) has expressed confidence in the Russian economy, which it said is set to weather the downturn in oil prices and global growth.
BOJ should take untraditional measures - Takenaka
JAPAN - Conventional liquidity provisions aren't enough and the Bank of Japan should consider untraditional steps to deal with Japan's economic woes, economy minister Heizo Takenaka said Friday.
Russian central bank to remain independent
RUSSIA - The working group for amendment of the law, "On the Central Bank", advocated retention of the independent status of the Central Bank.
Speech by David Clementi of the Bank of England
SPEECH - Deputy Governor of the Bank of England David Clementi spoke at the launch of the Oxford Centre for Computational Finance, University of Oxford, 10 October.
Speech by Horst Kohler MD of the IMF
SPEECH - Remarks by Horst Kohler, Managing Director, International Monetary Fund, given at a Staff Reception in Honour of Stanley Fischer, 1 October.
Study of asymmetric markets wins economics award
NOBEL PRIZE - Three American economists have been awarded this year's Nobel prize for their work on the advantages enjoyed by sellers over buyers in markets ranging from jobs to crops to second-hand cars.
Crisis could delay new appointments in Egypt
EGYPT - Some keenly awaited changes in senior positions may have to be deferred in Egypt including the governorship of the Central Bank of Egypt.
Treasurys O'Neill cancels New York City appearance
US - U.S. Treasury Secretary Paul O'Neill has cancelled a speech he was scheduled to make in New York City today, Thursday 11 October, to attend a cabinet meeting in Washington, a Treasury spokesman said.
Changes made in NBP management
POLAND - In line with the request made by the chairman of the National Bank of Poland (NBP) Leszek Balcerowicz, president Aleksander Kwasniewski dismissed four management members of the central bank and appointed three new ones.
Fed best at policy communication? Not necessarily
UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by…
Stanley Fischer - Farewell To the Staff
SPEECH - Speech by Stanley Fischer of the International Monetary Fund at the IMF Atrium, Washington, D.C., 1 October.
London remains dominant financial centre - Report
LONDON - London has retained its dominance as a global financial centre despite the introduction of the euro, according to figures published yesterday by the Bank for International Settlements.
UK accused of being 'money launderers' paradise'
UK - Britain still offers a safe haven for terrorist money and the authorities are doing virtually nothing about it, according to a damning report by a French MP.
Duma support foreign audit of Russian central bank
RUSSIA - The Duma Banking Committee has approved provisions, "On the organisation of audits of the annual financial statement of the Central Bank."
Thai central bank dep gov may leave Thirachai eyed
THAILAND - Thai central bank Deputy Governor Tanya Sirivedhin, the last of the top executives to have served prior to the July 1997 float of the baht, will resign, "The Nation" newspaper reports in Thailand, citing an unnamed Finance Ministry source.