Central Banking
Central banks more independent in decentralised states: BIS
Bank for International Settlements study looks at impact of political economy on central bank independence
Anglo restructuring deal to be sealed in January: Ireland’s Honohan
Central Bank of Ireland governor Patrick Honohan says Anglo restructuring proposal will be approved by end-January; Irish banks face capital, liquidity assessments
Israel names Hizkiyahu successor
David Zaken named supervisor of banks; Zaken to replace Rony Hizkiyahu at the end of the year
State Bank of Pakistan blames government for rate hike
Pakistani central bank says 50 basis point interest rate hike made necessary by government’s excessive borrowing
Periphery CDSs break records as sovereign fears continue
Portugal might be next peripheral to seek help, economist warns, as its CDS hits record high.
Malta's Bonello warns of complacency over rapid recovery
Central Bank of Malta governor Michael Bonello says Malta's dependence on external demand growth creates vulnerability
St Louis Fed: central banks must plan credible QE exit
St Louis Federal Reserve study shows success of quantitative easing depends on central bank's ability to credibly plan for stimulus withdrawal
MAS: capital inflows pose serious risks to emerging markets
Monetary Authority of Singapore's Financial Stability Review warns accommodative monetary policies present substantial inflationary risks to emerging economies
ECB's emergency liquidity measures eased credit crunch, says CEPR
Centre for Economic Policy Research study shows European Central Bank's response to financial crisis helped ease liquidity strains in wholesale markets
Markets, analysts unconvinced by Irish bailout
Officials welcome deal but euro, continental bourses drop in response to €85 billion rescue package for Ireland
Europe reveals new stability mechanism
Eurozone finance ministers outline European Stability Mechanism designed to offer financial assistance to troubled single currency states
Shirakawa draws parallels with QE in Japan, US
Bank of Japan governor Masaaki Shirakawa says same aims underlie Japan's monetary easing scheme and Federal Reserve's asset purchase programme
Qatar launches m-payment scheme
Qatar Central Bank licenses two telecoms providers to offer mobile payment services; move makes it first in region to operate scheme
Lender of last resort function essential: Norges Bank’s Qvigstad
Norges Bank deputy governor Jan Qvigstad says central bank’s lender of last resort role was critical during the financial crisis
RBNZ’s Bollard: external shocks and internal rebalancing will prolong recovery
Reserve Bank of New Zealand governor Alan Bollard says Western countries have to contend with both external shocks and internal rebalancing
Bahrain’s Al-Maraj calls for new Islamic finance business model
Central Bank of Bahrain governor Rasheed Al-Maraj says Islamic financial institutions should cover essential activities to generate more steady income stream
How to ease Basel III costs: BIS
Bank for International Settlements study says banks can increase lending spreads to recoup costs from higher capital requirements
Jordan appoints Sharaf as new governor
Former Central Bank of Jordan deputy governor Sharif Fares Sharaf replaces governor Umayya Toukan at helm of central bank
Estonia nabs firms over euro leak
Bank of Estonia fines two companies for mishandling euro coins ahead of the currency’s launch in 2011; strong link to coin sale in neighbouring Latvia
Basel Committee sets out principles for deposit insurance
Basel Committee on Banking Supervision outlines principles on the scope, operation and legal dimensions of deposit insurance systems
Philippine banks migrate to new remittance payments system
Central Bank of the Philippines says all twelve participating banks are using new electronic payments system for remittances
Video: Japan FSA's Chikahisa Sumi talks about regulation's post-Basel III focus
The G-20 does not plan to sit still after its historic endorsement of Basel III. New targets include too-big-to-fail institutions, the shadow-banking system and commodity derivatives, according to Sumi.
ECB’s Tumpel-Gugerell on Sepa end dates
European Central Bank member executive board Gertrude Tumpel-Gugerell says meeting Single Euro Payments Area end dates is a requirement for migration to new system
Shirakawa: currency appreciation not panacea for inflows
Bank of Japan governor Masaaki Shirakawa says textbook solution to capital inflows does not apply to emerging economies in low interest rate environment