Russia is likely to get a frosty reception from the Paris Club of sovereign creditors after an International Monetary Fund mission left Moscow this week without reaching agreement.
The Norwegian central bank, Norges Bank, said Thursday it recommends to the Norwegian banking and insurance authority that Nordic Baltic Holding and its unit MeritaNordbanken (S.MNB) be allowed to acquire Christiania Bank og Kreditkassen (Y.CBK).
The Philippines central bank said on Thursday it would set up a six-member committee to evaluate reports on suspicious bank transactions as part of its efforts to fight money laundering.
Indonesia might close or merge more than 100 banks within three years in its battle to create a strong financial system, the Indonesian Bank Restructuring Agency said.
Spain's Banco Santander Central Hispano was the surprise high bidder for Banespa yesterday, claiming Brazil's state bank for an unexpectedly high US$3.6bn. Arminio Fraga, Brazil's central bank president, welcomed the bid.
Nicaragua is facing a crisis in its fragile financial system after the regulator moved to take over the second bank to fail in the past 100 days, and attacked the government for refusing to guarantee its customers' deposits.
Iran's Bank Melli will soon open a branch in Moscow with a capital of over $10m, Central Bank of Iran governor Mohsen Nurbakhsh said in a meeting with his Russian counterpart Viktor Gerashchenko.
Sri Lanka's central bank governor said on Friday he would work towards raising tier two capital adequacy ratios for commercial banks to 10 percent next year from eight percent now.
Bank of Thailand's supervision department will shift its focus to supervising the risk management of financial institutions early next year, said an official Friday.
The Estonian central bank said on Friday the average capital adequacy ratio in the banking sector at the end of October stood at 13.7 percent, down from 14.1 percent at the end of August.
Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…
Taiwan's central bank governor Perng Fai-nan dismissed Tuesday the speculation that Taiwan will suffer a financial crisis early next year.
An IMF/World Bank team visited London today on one leg of a travellingroadshow designed to sell global financial standards to the private sector.
Anwar Nasution, acting governor of Bank Indonesia, said that the central bank was using several key tools to help boost the rupiah.
Ernst Welteke, president of the Deutsche Bundesbank, talks with the editor of the Quarterly Journal of Central Banking, Robert Pringle, about the forthcoming restructuring of the Bundesbank, the euro, the ECB and the need for greater political…
Pakistan's central bank governor Ishrat Husain has said that he wants fewer, but stronger financial institutions in Pakistan which can mobilise and allocate resources in a cost effective and efficient manner.
Sir Eddie George, Governor of the Bank of England, said to UK parliamentarians that European equity market integration will take time.
The Bahrain Monetary Agency said it has developed a regulatory system for Islamic banking in the island state, and the framework was being considered by banks.
An article by David Mayes at the Bank of Finland examines a more market based approach to maintaining systemic stability.