Central Banking
Next year's IMF/ World Bank meet no longer in Cairo
IMF and World Bank Group to hold 2012 annual meetings in Japan; plans to meet in Egypt abandoned after unrest in the country
BIS data highlights US banks’ exposure to Greece
Bank for International Settlements data reveals United States’ heightened “potential exposure” to Greek default
Strauss-Kahn follows through with not-guilty plea
Ex-head of the IMF sticks to earlier rebuttal of charges and enters not-guilty plea; trial could take months
FDIC board creates Advisory Committee on Systemic Resolutions
New committee will advise on resolution of banks once categorised as "too big to fail"; first meeting later this month
Diamond abandons Fed ambitions
Peter Diamond pulls out of race to become the next Federal Reserve governor; says “shortcomings” in confirmation process and “fundamental misunderstandings” in conducting monetary policy to blame
ECB opens Brussels office
European Central Bank opens small Brussels office; staffed by only two people
Exit strategy communication key: Philly Fed’s Plosser
Philadelphia Federal Reserve president Charles Plosser says clear communication of Federal Reserve policy will be essential to exit strategy
Japan earthquake caused widespread risk retreat
Bank of International Settlements Quarterly Review June 2011 says Japan earthquake caused widespread but brief investor retreat to less risky assets
González-Páramo calls for greater transparency of rating agencies
European Central Bank executive board member José Manuel González-Páramo says regulators must ensure greater disclosure of rating agency processes
ECB conference reviews crisis measures
European Central Bank Sixth ECB Central Banking Conference contributions highlight policy approach during financial crisis
Greece agrees new package
Authorities strike deal over Greece; extensive privatisation programme to commence shortly
US banks at risk of downgrade following Dodd-Frank
Credit rating agency Moody’s launches review of eight banks’ ratings after legislation makes uncertain implicit promise of government support in event of failure
Industry models not sufficiently developed to calculate CVA charge, says Basel Committee
Basel Committee sticks to its decision not to allow banks to use their own models to calculate the CVA capital charge under Basel III
Risks lie ahead for China's internationalisation of renminbi, warn IMF, PBoC and HKEx officials
IMF Hong Kong representative, a former PBoC MPC member and HKEx chief warn of risks for China as the internationalisation of the renminbi starts to gather pace.
Turkey to set up bank in China
Turkey announces plans to open first bank in China in bid to strengthen ties with trade partner to the east
Sri Lanka opens restored central bank building
Central bank opens restored historic building; hopes to spark further regeneration in Colombo City
Singapore experiences surge in growth
Monetary Authority of Singapore Recent Economic Developments report shows 22.5% pick-up in growth in first quarter of 2011.
Oil prices do not follow random walk: Bank of Canada paper
Bank of Canada study attempts to tackle challenges in forecasting real and nominal oil prices
Norway’s Olsen calls for shift in SWF investments towards EMEs
Norges Bank governor Øystein Olsen says decision to review investment strategy of government sovereign wealth fund is “advisable”
Anchoring inflation eases deflation risks: IMF paper
Fund study on US inflation dynamics shows well-anchored inflation reduces risk of deflation
Trichet demands greater powers
European Central Bank president Jean-Claude Trichet says greater authority over national economic policies should be entrusted with euro area institutions
Yellen sees signs of exuberance in corporate debt markets
Comments highlight Fed’s methods for monitoring imbalances; rate hikes “last resort” to tackle financial excess
BoE outlines risk of higher intraday liquidity buffers
Bank of England study says new measures to enhance intraday liquidity risks jeopardising payment and settlement operations; recommends tools to mitigate banks’ incentive to delay settlement
FDI boosts external balances: IMF paper
IMF study shows central eastern and southeastern Europe region benefited from large foreign direct investment pre-crisis