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Regulation

IMF says making fewer conditions on its lending

US - The International Monetary Fund said on Tuesday 4 Sep it has pared back the amount of conditions its attaches to its loans, but that more needs to be done on the policy, which aims to give borrowers more freedom in setting their own economic…

Private Iran bank gains licence

IRAN - Iran's first private bank since the 1979 Islamic revolution has received a licence to begin operations as part of a wider package of economic reforms intended to restructure the state-controlled banking sector.

Taipei plans new assets law

TAIWAN - Taiwan's finance ministry has drawn up legislation on the securitisation of financial assets, a reform widely seen as essential to the success of efforts to put collateral held by banks burdened by bad loans back into circulation.

Top banker blasts Russian bank reform blueprint

RUSSIA - Central Bank head Viktor Gerashchenko criticised a blueprint for banking reform, saying in a letter to Finance Minister Alexei Kudrin that plans to divide banks into three tiers could damage the stability of the entire sector.

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…

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.

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.

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…

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.

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