Regulation
Brazil delays prospectus for Bepi and BEM
After the headache caused by the problems with economic and financial evaluations, the central bank decided to wait and postponed publication of the prospectuses to contract the company that will put together the sale model and perform the financial and…
Brazil: new central bank should follow UK model
The plan for the "new" Central Bank of Brazil, elaborated by the government, is ready and will be sent to Congress at the beginning of 2001.
Buba's Reckers-no need for change in ECB rates
Bundesbank council member Hans Reckers said on Monday that the European Central Bank had no need to change interest rates in the foreseeable future.
Slovenia to ease portfolio investment rules
The Bank of Slovenia said on Monday it would ease restrictions for foreign portfolio investment next month as part of its drive to harmonise its regulations with those of the European Union by the end of 2002.
Cambodia central bank closes 11 commercial banks
The National Bank of Cambodia has closed 11 commercial banks that failed to comply with the minimum capital requirement set by the new banking law, according to the Cambodia Daily on Monday.
Lithuanian, Polish national banks to cooperate
Heads of the Lithuanian and Polish central banks, Reinoldijus Sarkinas and Hanna Gronkiewicz-Waltz, have signed an agreement on the mutual cooperation in the sphere of the supervision of banking activities.
Malaysia banks gear up to tie merger knot
Malaysia's most ambitious financial sector consolidation takes shape from January when most of its banks finally tie the knot in government-ordered unions to fight foreign competitors.
Fed likely to pass buck on predatory lending
An article published in the American Banker journal says that consumer groups hoping for the Federal Reserve Board to start cracking down on predatory lenders may be sorely disappointed when the central bank takes up the issue Wednesday.
Bk Indonesia to adopt risk-based bank supervision
Bank Indonesia will gradually shift its banking supervision system from the current compliance-based mechanism to include the internationally practiced risk-based system starting next year, according to a senior official at the central bank.
EC put pressure on Germany's Landesbank reform
The following is an article from The Economist magazine entitled "Under pressure from the European Commission, Germany's public-sector banks are thinking openly about reforming themselves."
Secrecy off for deposits above P50M in Philippines
Scoring a crucial victory against money laundering, the House of Representatives has given the Bangko Sentral the power to examine suspicious deposit accounts more than P50 million under the proposed Revised Central Bank Act.
Milosevic bank delivers secrets of corrupt regime
Beogradska Banka funded the Yugoslav dictator's cronies and paid off potential foes. Irena Guzelova in this article reprinted from The Financial Times glimpses the dealings.
Open Society: Reforming Global Capitalism - Soros
Although the markets remain obsessed with his investment strategies, George Soros says his energies over much of the past decade have been focused elsewhere. Over the past four years, his charitable foundations have spent something like $2 billion in…
NBS approves draft bank law, 2001 money programme
The board of the National Bank of Slovakia today approved the monetary programme for next year and the draft law on banks which is designed to bring Slovak banking closer to the EU rules, Jan Onda, spokesman for the NBS, said to reporters.
Prevention, mgmt of financial crises - David Klein
The follow are the prepared remarks by Bank of Israel governor Dr David Klein fpr a meeting on Finance and Development.
Fund seeks its own watchdog
The International Monetary Fund's Executive Board has named Ray & Berndstson, a US-based international executive search firm, to identify candidates for the position of Director of the IMF's newly created independent Evaluation Office.
Buba says many points in Basel Accord unresolved
Germany's Bundesbank said on Thursday regulators had left many points unresolved after meeting in New York this week to review changes to the Basel Accord on global banking regulations.
Lithuanian and Polish cbanks sign supervisory deal
Governors of the central banks of Poland and Lithuania on Thursday signed an agreement to facilitate banking supervision between the two countries.
Italy govt bides time over court bank-loan ruling
Italian Treasury minister Vincenzo Visco said on Thursday the government had yet to decide what action to take after the Supreme Court ruled banks should refund loan interest payments amounting to billions of euros.
UK supervisor warns banks over telecom exposure
Britain's financial regulator on Thursday intensified pressure on banks to display vigilance in managing their multi-billion dollar exposure to the telecom sector.
Netherlands: Discord over bourse policing
Supervisors of financial institutions in the Netherlands disagree over the division of tasks over the control of share trading. The conflict centres on the role of the Dutch securities board with regard to institutions which fall under one of the other…
HKMA seeks right to approve senior bank staff
Hong Kong's quasi-central bank Monday proposed a regulatory change which would give it the power to approve the appointment of senior management at the city's banks.
Ex-Greenland staff sue Bank of Uganda
Four hundred and eight former employees of Greenland Bank have sued the Bank of Uganda and their former employer for non-payment of gratuity, pension and terminal benefits.
Credit Suisse face Abacha money laundering probe
Switzerland's banking regulator said Wednesday that it filed a formal complaint against Credit Suisse Group over its acceptance of millions of dollars linked to the late Nigerian dictator General Sani Abacha.