Regulation
Fed chairman talks of limits to his powers
US - Greenspan says stock market swings, home price fluctuations are making consumer behaviour less predictable.
ECB reform mustn't lead to large member dominance
HOLLAND - Enlargement of the European Union and the euro zone will require reform of the European Central Bank and its governing council, but this mustn't result in a dominant position for the larger euro-zone members, Dutch central bank president Nout…
MPs asked to allow arrest of Ukraine bank chief
UKRAINE - Parliament has received the Ukrainian Prosecutor General's Office request for consent to arrest and prosecute the former Prime Minister Pavlo Lazarenko.
IMF seeks to monitor Japan bank system
JAPAN - The International Monetary Fund has asked Japan for permission to send inspectors to monitor the country's banking system, in the latest sign of mounting worries about the Asian economic power's stability.
EU commission worries over euro
EUROPE - European monetary affairs commissioner Pedro Solbes Mira has admitted his concerns about the introduction of the new currency.
Philippines faces money laundering law deadline
PHILIPPINES - The Philippines will ask an international agency fighting money laundering to delay its sanctions if Manila fails to pass a law against laundering by a September 30 deadline.
Lithuanian c bank to set 2002-2004 guidelines
LITHUANIA - Lithuania's central bank said its board will discuss on 30 August its action plan for the next three years, but the document will not affect exchange rate policy.
Polish c bank urges speedy public finance reform
POLAND - Poland's outgoing deputy central bank head Richard Kokoszczynski on 28 August urged the government to reform public finances quickly or face disgruntled capital markets and possible delays in European Union (EU) accession.
Regulators to order banks to publicly reveal more
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP) will soon implement stricter disclosure requirements for banks as part of its thrust to promote greater transparency in the industry.
C Bank chief, dep premier hold talks with Ato
SOMALIA - The chairman of the Central Bank of Somalia, Dr Mahmud Muhammad Ulusow, yesterday hosted Uthman Hasan Ali Ato for lunch at his [Mogadishu] residence. Mr Ato was accompanied by members of the USC-SNA [United Somali Congress-Somali National…
China to unveil regulations on Taiwan operations
CHINA - After gathering opinions of Taiwanese companies, associations of Taiwanese-invested companies and other business-related groups, China's Cabinet is due to introduce the regulation of governing liaison office establishment of Taiwanese-invested…
Russian bank chief hits at government policy
RUSSIA - Russian bank chief hits at government policy - Economic programme 'not properly thought through', says Gerashchenko.
Central banker discovers service ethos
ARTICLE - Salinee Wangtal, a veteran of the Bank of Thailand, became impressed with how commercial organisations cultivate a service-oriented culture to bolster their image when she had the chance to work in a publicly-listed bank.
Kenya banks take govt to court over rate law
KENYA - Kenyan banks have taken the government to court to challenge a new law to regulate interest rates, as it would apply retroactively to loans already issued, officials said on 21 August.
Oman to enforce anti-money laundering law soon
OMAN - Dr. Sheikh Abdul Malik bin Abdullah al Hinai, Undersecretary for Economic Affairs, said the Sultanate will shortly apply a law to combat money laundering.
Juncker takes hard line on ECB reform
GERMANY - Luxembourg Prime Minister Jean-Claude Juncker was quoted on 22 August as saying a future reform of the European Central Bank's Governing Council should retain the principle of the equality of euro zone countries.
Kurdistan opens new central bank
KURDISTAN - Prime Minister of Kurdistan Regional government (Arbil) Nechirvan Barzany has officially opened the new building of Kurdistan Central Bank in Arbil.
HKMA says bankruptcy law changes 'difficult'
HONG KONG - Hong Kong's bankruptcy laws will unlikely be amended despite a sharp rise in the number of people going broke and companies going under, the city's quasi-central bank said 21 August.
Swiss nat bank to change policy if needed
SWITZERLAND - Swiss National Bank (SNB) Chairman Jean-Pierre Roth told a business journal that the central bank will review policy and make changes if needed in late September.
Indian bankers jittery over proposed laws
INDIA - Rattled by scams, bankers are now jittery that new laws could push them further towards the edge. The financial regulators are now pitching for a change in the statutes that would put the responsibility on banks, financial institutions and other…
Ukraine begins certification of bank liquidators
UKRAINE - In line with the National Bank of Ukraine resolution, only persons who pass a special examination will be allowed to participate in the liquidation or temporary management of banks, a report says.
Head of Latvian c bank prepared to found new party
LATVIA - Bank of Latvia President Einars Repse is ready to undertake formation of a new right-wing party.
BIS Working Paper Number 102
RESEARCH - Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision by Charles M Kahn and Joao A C Santos.
Japanese banks seek to avoid disclosure
JAPAN - Japan's banks are seeking to avoid revealing potential losses on their derivative portfolios by lobbying regulatory authorities to postpone legislation that forces them to disclose the market value of their positions.