Regulation
Central bank attempts to improve capital market
CHINA - People's Bank of China Governor Dai Xianglong said the ongoing crackdown on illegal transfers for stock purchases is part of a strategy to improve the local equities market, China Daily reports Friday 28 September.
BI governor surrenders passport
INDONESIA - Bank Indonesia governor Sjahril Sabirin handed over on Tuesday 25 September his passport to the Directorate General of Immigration in response to the government regulation that bans crime suspects from travelling overseas.
Ten firms submit material for audit tender, Russia
RUSSIA - Ten audit firms have submitted additional materials for participation in a tender to perform an annual audit on the Central Bank of Russia for 2001, deputy head of the State Duma budgetary committee, Ashot Yegiazaryan, told Interfax.
Basel Committee Working Paper
RESEARCH - Basel Committee on Banking Supervision. Working Paper on the regulatory treatment of operational risk. Bank for International Settlements, September 2001.
Basel Committee Working Paper on pillar 3
RESEARCH - Basel Committee on Banking Supervision. Working Paper on Pillar 3 - Market Discipline. Bank for International Settlements, September 2001.
Offshore banks warned over controls
UK - Offshore financial centres, which include the Channel Islands and the Isle of Man, face a "bleak future" unless they improve anti-money laundering controls in the wake of the terrorist attacks in the US, Britain's main financial regulator warned…
Russia's Geraschenko to step down in a year's time
RUSSIA - Russian financiers were in lively discussion of the probable resignation of Central Bank Chairman Viktor Geraschenko. Until now, Geraschenko always smiled when asked to confirm or deny rumors concerning his impending resignation. On 20 September…
RBNZ appoints new forecasting manager
NEW ZEALAND - Bernard Hodgetts, who occupied the post of chief economist, is leaving the ANZ Banking Group (NZ) Ltd to take up a role at the Reserve Bank of New Zealand.
Bundesbank chief backs tighter scrutiny
Germany's Bundesbank put its weight behind Berlin's efforts to combat money laundering and tighten up scrutiny of potential terrorist accounts on Tuesday, in spite of possible infringements of bank secrecy.
Tokyo seeks US support to curb yen rise
Senior Japanese officials yesterday hinted that Tokyo was stepping up its efforts to win tacit US support for measures to prevent the yen from strengthening in the aftermath of last week's terrorist attacks in the US.
RBNZ reminder re economic sanctions
NEWS RELEASE - The Reserve Bank has written to banks and financial institutions reminding them of their obligations in regard to United Nations sanctions that apply in New Zealand.
Fin regulators plan public meet on privacy notices
US - Eight financial regulators announced plans Monday 24 September for an all-day meeting on privacy notices under new banking laws.
Greenspan to meet with Senate panel
US - Federal Reserve Chairman Alan Greenspan plans to hold a closed-door meeting Tuesday 25 September.
G7 respond to Bush's call to freeze accounts
US - Washington's G7 partners have begun to respond to President George Bush's call yesterday to freeze financial accounts of a list of suspected terrorist organisations and individuals linked to them.
Update on the Basel Accord
REPORT - Update on work on the New Basel Capital Accord published September 2001.
Japan's regulators try to resolve banks' bad loans
JAPAN - In recent years, Japan has repeatedly frustrated foreign investors with its failure to resolve its decade-long bad loan mess.
Basel plan on capital may quiet criticisms
US - Regulators working on a revision of international bank capital rules announced Friday 21 September that they will back off a number of proposals that the industry has criticised.
Financial regulators set for action
US - Following last week's terrorist attack, US financial regulators are set to clamp down.
BOJ Yamaguchi - Need vigilance if war mood rises
JAPAN - Bank of Japan Deputy Governor Yutaka Yamaguchi said today, 21 September, the central bank must be vigilant to maintain market stability if the world gets closer to being on a war footing.
Peru's congress elects directors to central bank
PERU - Congress on Thursday 20 September elected its three representatives to the board of directors of the Central Reserve Bank of Peru.
Following the money trail
ARTICLE - Financial authorities around the world are stepping up their efforts to trace illegal money flows in the wake of the attacks inflicted on New York and Washington DC on 11 September.
New deputy governor at Pakistan's central bank
PAKISTAN - Mr. Tawfiq A. Husain today, 20 September, assumed the charge of the office of Deputy Governor, State Bank of Pakistan. He replaces Mr. Mukhtar Nabi Qureshi who retired from the post after completing his term.
Pakistan exchanges stay closed
PAKISTAN - Financial market regulators in Pakistan have announced that the country's three stock exchanges will remain closed until next week.
Afghan economy fights for survival
ARTICLE - The threat of US military action against Afghanistan looks set to devastate the livelihood of its people. The economy barely functions, with no recognisable central bank, leaving Afghans to fend for themselves.