Central Banking
Malawi president axes central bank governor
Joyce Banda selects chief executive of a telecoms company to head the central bank
IMF discussion note calls for 'bail-ins' for resolution of Sifis
International Monetary Fund discussion note explores the potential for ‘bail-ins’ to resolve problems posed by systemically important financial institutions (Sifis)
Bundesbank research finds 'room for improvement' in Basel approach to tail risk
Deutsche Bundesbank discussion paper finds Basel model dealing with tail risk in the banking sector could be improved
Haldane says macro-prudential tools needed to prevent earnings 'arms race'
Bank of England's Andrew Haldane describes the tools macro-prudential policy makers need to prevent future crises; says banks engaged in a ROE and earnings ‘arms race’
Europe meeting fiscal tightening and growth dilemma, says Noyer
Europe has made substantial ground in reducing fiscal deficits and meeting conditions for future economic growth; ECB has facilitated ‘smooth’ de-leveraging of banks, says Banque de France governor
Central Bank of Myanmar to build capital markets with help from Japan
The Central Bank of Myanmar has teamed up with the Daiwa Institute of Research and Tokyo Stock Exchange to establish a capital market and securities exchange in the country by 2015
Banque de France study examines bank loan portfolio management behaviour
Banque de France working paper examines relationship between a 'competitive investor' and 'commercial banks' in relation to long-term loan portfolios
IMF working paper finds dual-mandate central banks cannot meet social optimal level
International Monetary Fund working paper finds central banks that have both a price and financial stability mandate cannot achieve both to the social optimal level
SNB research examines spillover risk in international equity portfolios
Swiss National Bank study finds sector and currency risk attributable for majority of spillover risk in international equity portfolios
ECB calls for comments on payments system security recommendations
Public consultation opens on payments system recommendations from European Forum on the Security of Retail Payments; changes relate to areas of concern regarding internet payments
Renminbi could be adopted into SDR by 2015, says CentralBanking.com panellist
Latest Central Banking On Air debate asks if reserve mangers should invest more in emerging markets; panellists believe renminbi will be adopted as part of SDR with just the timescale in question
FSB reports ‘solid’ progress on financial regulatory reforms
FSB chairman Mark Carney gives update to G-20 finance ministers and central bank governors; new reports cover D-Sibs and the sensitivities of harnessing the power of shadow banking
IMF resources set to rise by $430 billion
IMF to receive up to $430 billion in additional funding; fund stresses resources are “not earmarked” for any region in particular
Irish deputy governor urges more regulation to prevent future housing bubbles
Stefan Gerlach calls for more stringent banking rules in order to prevent future house price bubbles
Bank of Finland research examines link between retail payments and economic growth
Bank of Finland discussion paper highlights the link between increased use of electronic payments systems and economic growth
BoE notes rise in nominal gilt yields
Bank of England publishes latest quarterly report on its asset purchase facility; finds that nominal gilt yields on BoE stock are on average 30 points higher than in last quarter
Cœuré calls for greater risk-sharing in eurozone
ECB's Benoît Cœuré calls for greater risk-sharing within eurozone to help place euro on sustainable footing
Shirakawa pays respects to former Bank of Japan governor
Masaaki Shirakawa remembers former governor Yasushi Mieno who passed away in April; calls him a man of “courage and thoughtfulness”
Fed names academics on 2012 model validation council
US Federal Reserve names academic economists that will provide independent advice regarding models used in annual stress test of major banks and financial institutions
Praet places onus on governments to resolve sovereign debt crisis
ECB executive director and de facto chief economist says it is up to governments to resolve the sovereign debt crisis in the eurozone; says some progress is being made
Riksbank revamps website to target iPad and iPhone users
Desire to improve accessibility of site and to make content available to tablet and mobile phone users behind Swedish central bank’s decision to overhaul website
Central banks are now ‘market makers of last resort’, says Fischer
Bank of Israel governor Stanley Fischer says central bankers have learnt a lot about the liquidity trap and expansionary monetary policy since the advent of the global financial crisis; explains thinking behind Israel’s rate rise in July 2009
Video: Bank of Mexico’s Duclaud says new rules will hit sterilisation costs
Javier Duclaud explains Mexico’s problems in 2008, why the country has increased reserves by $70 billion and how Dodd-Frank and Basel III are causing sterilisation problems for central banks
ECB’s Financial Stability Report highlights need for cross-border co-operation on OTC derivatives supervision
Global nature of the OTC derivatives market and risks of regulatory arbitrage cited as reasons for need to adopt cross-border and cross-sector approach to regulation