Regulation
Speech by the governor of the Bank of Latvia
SPEECH - Einars Repse, Governor, Central Bank of Latvia, spoke at the Conference "Banking and Finance in the Baltics 2001" Riga, Latvia, 19 September.
Bank of France printing employees continue strike
FRANCE - Employees at the Bank of France's printing plant at Chamalieres in the Puy-de-Dome department yesterday continued their strike observed since 12 September.
Moldova bank president confirms new policy
MOLDOVA - The president of the National Bank of Moldova has confirmed a new policy concerning the consolidation of the banking system of the republic.
BSP says role in AMC creation limited
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the Philippine's central bank, yesterday, Monday 8 October, said its plans for creating an independent special purpose vehicle to handle banks' bad assets are limited to providing technical advice and…
Pakistan money-laundering clampdown
PAKISTAN - The Pakistani Government is urging its expatriates working in the United Arab Emirates to send their wages home through legitimate banking channels rather than via informal means linked to money-laundering.
Global push for money laws
US - The world's leading industrial countries are to put pressure on offshore financial centres to clamp down on funds which could be used to pay for attacks like last month's suicide hijackings in America.
Former rep. pleads guilty to stealing funds
USA - A former Massachusetts congressman and director of the Federal Reserve Bank of Boston has pleaded guilty to stealing more than $200,000 from the Hawthorne Hotel in Salem, the Federal Deposit Insurance Corp. Inspector General's office announced…
Reserve freezes accounts with bin Laden connection
AUSTRALIA - Australia's Reserve Bank has released a list of over 200 individuals and groups whose assets will be frozen if held in Australia.
Brazil c bank says report figures are "incorrect"
BRAZIL - Brazil reacted quickly to a Standard & Poor's report released this week, which warned of the growing risk of Brazil and stated that the government needs US$80 billion to finance its balance of payments in 2002.
Speech by Dr. Reddy Dep Gov, Reserve Bank of India
SPEECH - The Second Foundation Day Lecture by Dr. Y.V. Reddy, Deputy Governor, Reserve Bank of India, at Indian Institute of Management at Indore on 3 October. Speech title, Autonomy of the Central Bank: Changing Contours in India.
Central banks autonomy under global pressure
INDIA - Even though central banks may gain independence from their respective Governments, they may tend to be circumscribed by the compulsions of the international financial community, according to Dr Y.V. Reddy, Deputy Governor, Reserve Bank of India.
Unattended bag sparks bomb scare at MAS Building
SINGAPORE - It was not business as usual down at the MAS Building in Shenton Way after an apparent bomb scare led to parts of the building being cordoned off.
Bank of France printing employees strike to 5 Oct
FRANCE - On October 3 printing employees at the Bank of France at Chamalieres (Puy-de-Dome), on strike for three weeks, unanimously decided to continue action until 5 October.
Speech by Dr Y.V. Reddy of Reserve Bank of India
SPEECH - Inaugural Address by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, at Seminar on The Future of Government Securities Market in India organized by Primary Dealers Association of India, at Bangalore on 22 September.
Brussels seek breakthrough on financial regulation
BELGIUM - The European Commission will try to break a deadlock today in negotiations on the introduction of tough measures against money laundering, which have so far been resisted by the European parliament.
Japan moves to step up bank client checks
JAPAN - Japanese financial authorities are set to propose legislation that will force banks to strengthen background checks on customers in the wake of the 11 September terrorist attacks on the US.
Moves to curb cash laundering at bureaux de change
UK - Britain is the last European Union country not to regulate bureaux de change, which UK ministers believe act as a conduit for dirty money.
Bank of Finland plan to nominate new board members
FRANCE - Bank of Finland plans to nominate two new members for its board of directors.
Greenspan urges teachers, students to use Web site
UNITED STATES - If Federal Reserve Chairman Alan Greenspan has his way, the nation's school children will soon be adding monetary policy to their regular courses on reading, writing and arithmetic.
Fed chairman Greenspan to testify to Congress
US - US Federal Reserve Chairman Alan Greenspan will testify before the congressional Joint Economic Committee on Wednesday 17 October.
Philippine central bank orders banks to prepare
PHILIPPINES - The central bank has required banks to submit a contingency plan within 30 days to contain possible risks arising from the terrorist attacks in the US last month, central bank deputy governor Alberto Reyes said.
Brazilian regulators make the right move
BRAZIL - Brazil's central bank has done its share of manoeuvring to stem the damaging plunge of the country's currency this year.
House to choose BI deputy governors next month
INDONESIA - The House of Representatives will choose new deputy governors for Bank Indonesia in the second week of October, ending the vacuum which has left the three positions empty since early this year.
Russian government approve banking reform strategy
RUSSIA - The Russian government approved, in broad outline, a banking reform strategy in Russia on 27 September.