Central Banking
Riksbank’s Persson: don’t shoot CDS ‘messenger’
The Swedish central bank uses CDS spreads as an indicator of financial stability
Bank of Italy defends change on capital accounting
Allowing banks to ignore falling bond prices for capital purposes is a legitimate move, says regulator
Eurozone crisis weighs on Swiss exit plans: SNB's Jordan
Swiss National Bank deputy head Thomas Jordan says normalisation of monetary policy hampered by eurozone debt crisis
Iran's central bank faces sanctions squeeze
Iranian central bank's dealings could come under international spotlight if Security Council passes nuclear sanctions package
Weber calls for broader scope to Basel III
Bundesbank President Axel Weber says new Basel rules should incorporate a macroprudential element to overcome systemic risks
FOMC minutes reveals divergent views on timing of asset sales
Federal Reserve minutes outlines discussions over an asset sale programme at the FOMC meetings in April
IMF’s Lipsky: IMF should be at core of global financial safety net
IMF first deputy director John Lipsky says Fund is best placed to introduce global safety net
Norges Bank: payment prices should reflect costs
The Norges Bank annual report on payment systems calls for greater efficiency in sector
Hungarian prime minister-elect hints at Simor ouster
Hungary’s incoming prime minister gives clearest sign so far that András Simor’s days as central bank governor could be numbered; party wants a central bank that will stimulate economy
Macroprudential tools need hard, fast rules: BIS
Basel-based Committee on the Global Financial System says macroprudential policy needs as strong a mandate as monetary policy to work
Venezuela cracks down on “parallel” currency market
Venezuelan government stops trading in foreign government bonds in bid to stifle unofficial currency markets; plans for central bank to provide central platform
Trichet lays first stone at ECB’s new HQ
ECB president marks the start of building work at a ceremony in Frankfurt
Dubai World agrees restructuring terms
Government owned investment company agrees the terms of a $23.5 billion restructuring effort with creditors and state; markets welcome news
Former head of UK FSA backs new British supervisory structure
Howard Davies says new coalition government was right to keep banking supervision out of Threadneedle Street
BoE minutes: Bank held rates on delayed recovery
Bank of England minutes show key rate was left at 0.5% on continued uncertainty over pick-up in economic growth
RBA’s Edey: price competitiveness sparked by special rates on term deposits
Reserve Bank of Australia assistant governor says demand for liquid paper has led to special rates for term deposits
Malta's Bonello: Basel II amendments ambitious and far-reaching
Central Bank of Malta governor discusses new proposals to amend the Basel II requirements following lessons from financial crisis
BOJ's Kamezaki: Japanese deflation imminent threat
Bank of Japan board member Hidetoshi Kamezaki says the risks of deflation must be widely acknowledged in the economy
Berlin hastily bans naked CDS, short-selling
Supervisor places temporary ban on naked credit default swaps, eurozone bond short sales, citing market volatility; analysts say uncoordinated move is further sign of fragmentation within eurozone
Inflation targets must account for financial stability: former FSA head
Ex-Bank of England deputy governor Howard Davies proposes more flexible inflation target that takes into account credit conditions
Italy amends laws on capital gains to ease sovereign debt pressure
New laws imposed on capital losses by the Bank of Italy signals continued fragility in European markets
Hungary’s Simor tells critical government to curb debt
National Bank of Hungary governor András Simor says high external and government debt levels must be corrected; central bank adds that growth cannot be financed through foreign borrowing anymore
Iceland seals deal to buy back Luxembourg-based króna bonds
Icelandic central bank agrees to buy nearly all outstanding bonds pledged by Landsbanki's Luxembourg subsidiary to secure funds from Luxembourg central bank
Market puzzled by Bafin ban
Traders incredulous as Bafin acts unilaterally to calm “extraordinary volatility”