Central Banking
New York Fed to set up working group on OTC reforms
New York Federal Reserve receives commitment from market participants to support strategic road map on reforms to over-the-counter derivatives markets
Riksbank report examines links between housing and financial stability
Report notes that housing slumps seldom result in banking crises outside the US; highlights data deficiencies
Bank of Japan- Tankan Survey (March 2011)
Bank of Japan March 2011 Tankan survey shows business conditions continue to deteriorate in Japan
IMF moots policy framework for capital inflows
Fund devises “key elements” of possible policy framework for managing capital inflows; framework notable in allowances for capital controls
Risk Europe: Tension between the ESRB and ECB, says Belgium's Reynders
Europe's new systemic risk watchdog is already clashing with the ECB - but the ESRB's powers may need to be expanded, says Belgian finance minister, Didier Reynders
Bernanke pledges tough oversight of CCPs
Federal Reserve chairman Ben Bernanke says reforms to financial market infrastructure will help strengthen supervision of central counterparties
Moody’s downgrades Portugal again
Moody’s cuts Portugal’s credit rating by one notch to Baa1 as political uncertainty continues to cloud medium-term financing
Risk Europe: Tweaks to Basel III will raise deadline pressure for banks
Changes to the detail of Basel III will make timely implementation a challenge, say attendees at Risk Europe
Banque de France profits remain elevated on back of euro note increase
Annual report delivers news that profit at the Banque de France remains high this year. Net profit is €2.56 billion, profit before tax is €4.5 billion
Risk Europe: no-go on CoCos, says panel
Traditional investors won't be won over by debt that converts into equity, says conference panel - and one CoCo issuer raises threat of feedback effects
Fed chooses new chief operating officer
Atlanta businessman Richard Anderson will become chief operating officer of the Federal Reserve System later this month
Europe’s future hinges on member states’ commitment to EMU: Trichet
European Central Bank president Jean-Claude Trichet says tackling monetary union issues will determine historical trajectory of Europe
Bank of Canada - Business Outlook Survey (Spring 2011)
Bank of Canada Spring 2011 Business Outlook Survey says economic outlook in Canada looks positive
Riksbank’s Ekholm explains dissent against rate hike
Riksbank deputy governor Karolina Ekholm says interest rate rise could dampen growth prospects via stronger krona
Israel’s Fischer outlines ten lessons to remember in a crisis
Bank of Israel governor Stanley Fischer delivers advice to policymakers on how to approach a crisis
Wellink challenges ECB bond purchase programme
Netherlands Bank governor Nout Wellink calls for reduction of European Central Bank support in bond markets
Israel’s Fischer picks inaugural members of monetary committee
Bank of Israel announces members of new Monetary Policy Committee; new senior adviser and proposed deputy governor will join him on final panel
US lawmaker responds to Greenspan attack on Dodd-Frank
Former chairman of the House Financial Services Committee Barney Frank answers Alan Greenspan criticism of Dodd-Frank; launches own attack on former Fed chairman
Risk Europe: 'Humble' Basel Committee open to liquidity rule changes
The Basel Committee's Stefan Walter says door is open to changing LCR and NSFR - but it's not open wide
Lawmakers say competition in UK retail banking “non-existent”
Report by parliamentarians says pre-conditions for effective competition in retail banking market "not present”; calls for test for proposed future divestments of government-held stakes in banks
Risk Europe: Dodd-Frank rating requirement has competitive implications under Basel III
Requirement under the Dodd-Frank Act to eliminate any reliance on external credit ratings could put US banks at a competitive disadvantage under Basel III, says the Basel Committee’s Stefan Walter
RBNZ paper on global bond yields
Reserve Bank of New Zealand study finds close correlation between domestic and global bond yields
Uncertainty clouds US labour market: NY Fed’s Dudley
New York Federal Reserve president William Dudley says there are conflicting signals over state of US labour market
Bank of England - Housing Equity Withdrawal (Q4 2010)
Bank of England Housing Equity Withdrawal data for Q4 2010 shows continued weakness in lending to households