Central Banking
Trichet: credit agencies essential
In reply to a question from MEP Nikolaos Chountis, Jean-Claude Trichet highlights the importance of rating agencies
Goodfriend: interest on reserves best exit policy
Marvin Goodfriend offers Congress advice on how to exit from the Fed’s accommodative stance without disrupting markets
RBA offshoot let standards slip in bribery scandal: report
Independent auditor says Australian central bank’s polymer subsidiary Securency failed to uphold its standards in dealing with its foreign business agents
Basel principles don’t guarantee stability: IMF paper
Complying with the Basel principles on supervision does not enhance the soundness of banks, Fund economists find
Likely euro adoption puts Estonia on positive watch
Fitch Ratings predicts Estonia will join Euro after Tallinn publishes debt figures
Basel issues draft code on supervisory colleges
Principles seek to promote information exchange and incorporate latest regulatory trends
Bank’s Haldane moots structural change to recover social costs
Bank’s executive director for financial stability labels banking pollution “a real and large social problem”; says officials must look at architecture of financial system to resolve it
“Radical reforms” must be considered: UK lawmakers
Head of influential group of parliamentarians says British government wrong to rule out root-and-branch reform; favours contingent capital and subsidiaries to lessen risk of systemic collapse
Three academics join China’s Monetary Policy Committee
The People’s Bank of China calls on three scholars to join rate-setting board
Warsh acknowledges Fed’s quasi-fiscal action
Governor suggests Fed’s crisis-fighting measures may have tested the boundaries of central bank’s ambit
Norges Bank’s Gjedrem on rate decisions
Svein Gjedrem offers cautious outlook for growth following rate decision last week
IMF: global inter-connectedness aggravated recession
IMF paper shows global interconnectedness increased output volatility during recession as trade-dependent economies were worst hit
SNB tackles too-big-to-fail
Report by the Swiss National Bank suggests countries biggest banks will need to downsize
RBA warns of inflationary pressures from emerging markets.
Reserve Bank of Australia highlights inflationary threats from Asian economies in financial stability report
Rate round-up
Israel hikes but raft of others cut, including Hungary, Russia, South Africa and Romania
Bank of Spain denies Spanish banks are delaying losses by acquiring NPAs
The Bank of Spain defends Spanish banks' hands-on risk management of non-performing assets related to the property sector
Philly Fed: banking sector returns to profit
Report for fourth quarter notes bank failures also dropped
Twenty years of Central Banking Publications
This anniversary was held on 24 March at the Reform Club. The guest of honour was Jacques de Larosière, who congratulated Robert and Central Banking on their achievement
Finnish central bank offers pessimistic outlook for growth
Bank of Finland report forecasts anaemic growth in 2010 following continued declines in exports sector
IMF: Bolivia foreign reserves adequate
Research charts developments since 2005
ECB: financial distress levels higher in Northern European countries
ECB paper finds financial distress is dependent on the relative indebtedness of households and mortgage market size
$500 billion reserve drain made crisis worse: IMF’s Ferhani
Deputy director says IMF research shows central bank reserve managers withdrew $500 billion from deposits at commercial banks during crisis
Gold could play solid stability role
World Gold Council's George Milling-Stanley pushes for Basel III and SDR to be gold plated
Russian central bank “lacks capacity” to handle assets
Russian sovereign fund management chief says new agency will take debt and asset responsibilities over from central bank, Russian reserve stash severely depleted by financial crisis