Central Banking
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
Bank’s Sentance: watch the energy market
Bank of England’s Andrew Sentance says next global shock might come from the energy market
SARB investigated stress testing: Mboweni
South African Reserve Bank’s Tito Mboweni says the central bank looked closely on stress-testing methods used by banks and the central bank
Australian funds hedge half their foreign assets
Reserve Bank of Australia investigates the level of currency hedging by domestic managed funds
Borders affect prices
Boston Federal Reserve looks at the role of international borders in segmenting markets
IMF board backs gold sales
International Monetary Fund members agree to sell an eighth of the organisation’s gold
ECB’s Tumpel-Gugerell presents path to better banking
European Central Bank executive board member spells out how banks’ business models need to change
Influential senator wants US supraregulator - report
Senate Banking Committee’s Chris Dodd wants four American supervisors to merge into one, says report
One credit register for Europe: Buba’s Zeitler
Bundesbank’s Franz-Christoph Zeitler says Europe needs a unified credit register
Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan says he disapproves of Central Bank of Turkey’s autonomy
Not everyone can make it to the top
Boston Federal Reserve finds American families’ economic mobility is decreasing
Czech’s Tuma: links with stats office key
Czech National Bank’s Zdenek Tuma says central banks and national statistical offices must maintain good cooperative relations
Privately-funded social security better
Central Bank of Turkey says fully funded social security provides greater welfare effects
Fed to intervene on pay, UK minister dismisses bankers’ “talent”
Federal Reserve to have authority on compensation, Wall Street Journal reports as British minister says bankers undeserving of high rewards. Moves part of global outcry over bankers’ bonuses
Bonds best way for business funding: Bank data
Bank of England data on lending conditions suggests big business better off raising funds through debt markets than through borrowing
Leaning against the wind not enough: Chile’s De Gregorio
Governor of Central Bank of Chile cites collision between financial and price stability objectives as reason why interest rates cannot be used to burst bubbles
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
Shirakawa, Fed’s Yellen and FSA’s Turner join G30
Group of Thirty adds heads of Bank of Japan, San Francisco Federal Reserve and Britain’s Financial Services Authority to its roster
Linking saving ratios and current account balances
Key differences in saving and investment ratios explain current account balances, but experiences still differ by region says an article published by the Reserve Bank of Australia
French banks resilient in crisis but hurdles remain
French banks have weathered the crisis through a diversified model and well-managed risk but many challenges remain, argues research published by the International Monetary Fund
Reasons for renminbi undervaluation disputed
Undervaluation of the renminbi is impenetrable as a result of the lack of clarity in academic literature, argues Bank of Finland paper
Fed’s Yellen guarded on recovery
The biggest threat to price stability is deflation, and there are losses still to come, Janet Yellen, the president of the San Francisco Federal Reserve, warns
Basel proposes home-host fix
Basel Committee on Banking Supervision devises solutions to cross-border bank issue
Aussie dividend highest in history on bumper profit
Reserve Bank of Australia to pay record dividend in its 49-year history after profiting from currency gains