Central Banking
Instability hampers finance: IMF
International Monetary Fund looks at market access for the world’s poorest countries
French regulator refused to help on AIG: Barofsky
Troubled Asset Relief Plan overseer says Commission Bancaire refused New York Federal Reserve’s request for help in reducing payments to counterparties of rescued insurer on legal grounds
Three-way split in Bank’s November QE decision
Minutes reveal calls for both a larger expansion and no change
Fed’s Bullard: rates could stay on hold until 2012
President of St Louis Federal Reserve says rates would remain at record lows for next two-and-a-half years if behaviour after previous recessions is repeated
RBA: economy at greater capacity than expected
Minutes of the Reserve Bank of Australia’s November meeting show rate-setters’ optimism and explain their decision to implement second rate hike
UAE gives go-ahead for Basel II
Central Bank of the United Arab Emirates says it will begin implementing capital adequacy standards
India to get new deputy governor
Subir Gokarn to replace Rakesh Mohan as Reserve Bank of India deputy governor
Sri Lanka cuts rates
Central Bank of Sri Lanka cuts benchmark borrowing cost to 7.5%, narrows rate corridor
IIF’s Abed: financial stability a central bank task
Institute of International Finance’s George Abed says the crisis casts the role of central banks in a new light
Exit easy for India: Mohanty
Reserve Bank of India’s Deepak Mohanty says the central bank should not be troubled by exit from monetary easing
What living wills should do: Bank’s Bailey
Andrew Bailey, the Bank of England’s head of banking services, explains the form and objectives of recovery and resolution plans
Fed counters criticisms of AIG rescue
Federal Reserve defends itself against charges of mishandling American International Group’s bailout after damning report from Tarp overseer
SARB’s mandate up for review
Pretoria to mull Reserve Bank’s inflation-targeting framework; central bank holds rates
Brazil rate-setter quits over controversy
Brazilian central bank’s monetary policy director resigns days after revealing rate-setters’ frustration at Lula
Mauritius buys IMF gold
International Monetary Fund sells two tonnes of gold to Bank of Mauritius
Fed’s Kohn rejects bubble claims
Fed deputy acknowledges carry trade but dismisses fears low rates are stoking asset-price bubbles
Oman signs up to new FX, payments system
Central Bank of Oman’s move represents part of a broader trend by emerging-market central banks to refine operational systems
Bank of Spain – Financial Stability Report (November)
Spanish banks are dealing with the bust in different ways, says central bank’s report
A model to analyse stability
Reserve Bank of New Zealand paper details the development of a cobweb model that will be used in its Financial Stability Report
Buba’s Weber: Germany finance held its own
Bundesbank’s Axel Weber says Germany’s financial sector coped well with the crisis overall
Solomon Islands needs new sources of growth: Rarawa
Central Bank of the Solomon Islands’ Denton Rarawa says the country is too dependent on the logging industry
Bundesbank - October Monthly Report
Inflation fell further in Germany in the third quarter, partly due to sluggish investment and consumption statistics
Regulation “not rocket science”: FSA retail markets head
The head of the British regulator’s retail markets division outlines changes made since the crisis; pushes for income verification and affordability checks
Shirakawa cautions on carry trade
Bank of Japan’s governor becomes latest official to warn on dangers of low rates in advanced economies; notes balance-sheet adjustments will impact efficacy of monetary policy