Central Banking
Screening distant borrowers presents challenges: Netherlands Bank paper
Netherlands Bank study examines effectiveness of lending to distant borrowers during crises
Securitisation limits debt renegotiations: Chicago Fed paper
Chicago Federal Reserve study says mortgage securitisation reduces likelihood of renegotiating debt and raises probability of foreclosures
No new deal on bailout: Trichet to Dublin
European Central Bank president Jean-Claude Trichet says Irish politicians should not attempt to renegotiate terms of the EU-IMF bailout; opposition leaders critical of ECB’s role
NY Fed adds two primary dealers
MF Global and Société Générale Americas Securities join New York Fed’s cadre of primary dealers
Sri Lanka launches new banknote series
Central Bank of Sri Lanka series in 20 years; new edition contains several new advanced security features and first SLRs5000 denomination
FDIC names new general counsel
Federal Deposit Insurance Corporation selects special adviser Michael Krimminger to head legal division
Future of Supervisors' letter process unclear in wake of Dodd-Frank
Swap clearing legislation threatens to render OTC market commitments redundant
Commercial real-estate levelling off: Fed director
Federal Reserve’s director of banking supervision and regulation Patrick Parkinson strikes cautiously optimistic note on health of commercial real estate sector
Cut Bank’s vote on macroprudential body, say lawmakers
Influential parliamentary committee calls for Bank of England executive directors’ votes to be transferred to external members, citing amount of power vested in central bank
Canada’s Macklem calls on firms to raise investment
Bank of Canada senior deputy governor Tiff Macklem says Canadian businesses will need to up their investment spending to compete in global market
IMF studies G-7 factors in global business cycles
IMF study examines impact of G-7 indicators in driving global business cycles
Bank of Israel inflation report finds rate moving higher
Bank of Israel fourth-quarter 2010 Inflation Report finds evidence inflation is beginning to edge upward on higher energy and food prices
Duke defends Fed’s liquidity measures
Federal Reserve board member Elizabeth Duke says Fed bail-out was necessary for welfare of entire economy, not just banks
Enria, Maijoor, Bernardino confirmed as ESA chairs
Andrea Enria, Steven Maijoor and Gabriel Bernardino get parliamentary seal of approval to head up European supervisory authorities
ECB provides liquidity bridge, not bailout: Papadia
European Central Bank’s director-general for market operations Francesco Papadia stresses central bank’s liquidity assistance only short-term, says new European rescue vehicles will ease market concerns
IMF: Historical debt stats will help plot growth strategy
IMF says its historical public debt database will help policymakers see the relationship between debt and growth; data goes as far back as 1791
China plans onshore renminbi cross-currency swap
Chinese corporates will now have access to onshore and offshore hedging markets
Danish regulators push for more flexible Basel III liquidity rules
Shortage of high-quality liquid assets prompts Danish regulators to push for changes to the liquidity coverage ratio within the EU capital requirements directive
Israel’s Fischer optimistic on 2011 growth outlook
Bank of Israel governor Stanley Fischer hints central bank’s growth forecast might be revised upward in 2011
SNB’s Jordan: Switzerland can overcome economic challenges
Swiss National Bank governing board vice-chairman Thomas Jordan says Switzerland can master challenges brought on from economic crisis
Philly Fed reviews DSGE models
Philadelphia Federal Reserve study examines mis-specification of money-demand shocks in dynamic stochastic general equilibrium models
Global recovery unbalanced, says IMF’s Strauss-Kahn
IMF managing director Dominique Strauss-Kahn concerned with unbalanced nature of global recovery
BIS reviews macroprudential literature
Literature review published by the Bank for International Settlements finds gaps in assessing the effectiveness of macroprudential tools, studying interaction with monetary policy
HK SFC’s Wheatley to head new UK regulator
Hong Kong Securities and Futures Commission’s Martin Wheatley named CEO designate of new consumer regulator; becomes head of FSA’s consumer and business wing in September