Central Banking
Basel Committee publishes final Basel III rules
The Basel Committee has finalised its Basel III package - but work in certain areas will continue into 2011
Frankfurt taps NCBs for €5 billion
European Central Bank says greater amount of capital required because of increased volatility
Brussels forges ahead with Sepa end-date proposal, despite differences
European Commission proposes deadlines for national credit and debit transfers to migrate to Sepa system; move could divide stakeholders
Posen forecasts inflation ‘well below’ Bank’s latest estimate
Bank of England external Monetary Policy Committee member Adam Posen points to “empirical regularities” to explain why inflation could dip to less than 1% in years ahead
S&P lifts China rating one notch
Ratings agency Standard & Poor’s upgrades Chinese long-term rating; move follows similar step by Moody’s in November, places Chinese debt three marks short of prime rating
Islamic liquidity facility names Zeti chair
Bank Negara Malaysia’s Zeti Akhtar Aziz to chair International Islamic Liquidity Management Corporation; HSBC banker chosen as chief executive
ECB blasts Budapest again
European Central Bank says draft law to give parliament the right to appoint the majority of rate-setters further erodes National Bank of Hungary’s independence
Bank names former Apax COO as new head of HR
Bank of England names Catherine Brown as executive director for human resources
Macroprudential policy – a literature review
Research reviews latest developments, poses future questions
Reaffirming HK’s position as wealth management hub
Hong Kong Monetary Authority’s Meena Datwani on what has been done in order to preserve the territory’s reputation as a regional wealth management hub
RBA’s Debelle on bank funding and capital flows
Reserve Bank of Australia’s Guy Debelle says crisis has had “marked impact” on global financial flows
HKMA – Quarterly Bulletin (December 2010)
Hong Kong Monetary Authority quarterly surveys selected debt securities and off-balance sheet exposures
Sants: Publication of RBS report hinges on permission from bank
Head of UK regulator "extremely sympathetic" to calls for release of report
King called for global bailout in March 2008: WikiLeak
Bank of England governor told US ambassador of need for nations to cooperate in order to recapitalise banking sector
Denmark’s Bernstein cites fiscal, Basel III worries
National Bank of Denmark governor Nils Bernstein says Copenhagen must keep tight rein on debt; banks must resolve adjustable rate loan refinancing issues
Chinese house prices overvalued in some places: HKMA research
Hong Kong Monetary Authority study shows prices outstrip fundamentals in some market segments; points to importance of early warning mechanism
Philadelphia Federal Reserve – Livingston Survey (December 2010)
Philadephia Federal Reserve’s biannual survey of economists shows expectations of high unemployment, low inflation in 2011
HKMA’s Chan stresses importance of SME financing
Hong Kong Monetary Authority chief executive Norman Chan unveils central bank’s new financing scheme for small and medium enterprises
Fed writes rule to expand consumer protection
Federal Reserve proposes two rules to improve consumer protection, based on financial regulatory reform law; move part of broader rulemaking process that will turn to bank capital, leverage laws
Bank of Korea siphons $3 billion into SWF: reports
Korean central bank to place additional $3 billion in care of sovereign wealth fund, according to reports
Brazil unveils first of new family of banknotes
Central Bank of Brazil releases second generation of R50 and R100 notes
Cobbold confirmed as De La Rue CEO
Tim Cobbold named banknote manufacturer’s new chief executive
Nigeria stands by Sanusi’s government barbs
Central Bank of Nigeria maintains governor Sanusi Lamido Sanusi’s assertion that legislative branch absorbs quarter of all government overheads; comments spark anger from politicians
Map of interbank market first step in project to forecast crises
Study to forecast the tipping points where banking crises have systemic implications begins with topology of European interbank market