Central Banking
Beige Book points to economic stabilisation
Federal Reserve’s Beige Book suggests decline in economic activity is ceasing
Clamp down on too-big-to-fail banks: UK lawmakers
Parliamentary committee sides with Bank of England in conflict with Treasury over reform
Data filtering methods impact model estimates
National Bank of Austria shows that different detrending methods impact model outcomes
Reykjavik backs plans to remove capital controls
Iceland’s government approves central bank’s proposals for the removal on controls introduced after autumn 2008 crash
Pace of tightening of euro-area credit standards declines
European Central Bank’s lending survey shows less tightening of credit standards
US Treasury official defends plans for consumer regulator
Neal Wolin argues new supervisor will eliminate “race to the bottom” among firms and regulators
Jamaica cuts rates for second time in a week
Bank of Jamaica has now cut rates by 2.5 percentage points since last Friday. Barbados also chops a half point off deposit rate
Some thoughts on where global finance is heading
An event in Peru earlier this month addressed some of the key questions concerning the international economic order in the aftermath of the crisis.
Beijing in policy about-turn as stocks dip
People’s Bank of China’s Su Ning says monetary policy will remain loose after main index falls 5%
Regulation is good for competition
International Monetary Fund investigates financial market development
Ireland releases “bad bank” proposals
Finance minister Lenihan says plans are not a bail out for banks
Turkey would ease if outlook worsens
Central Bank of Turkey moots further monetary easing
Book says Fed “challenged essence of democracy”
Pulitzer Prizewinner says Bernanke had more authority to fix subprime mess than any other individual
HKMA exchange fund records HK$23.3 billion profit
Hong Kong Monetary Authority says profits came on back of equities surge
Estonia to head straight for euro – Lipstok
Bank of Estonia’s Andres Lipstok says euro adoption is a key priority
Bank unveils commercial paper facility
Bank of England details Secured Commercial Paper Facility aimed at bolstering companies’ working-capital requirements
Bank says Asset Purchase Facility works
Bank of England confident Asset Purchase Facility (APF) helps corporate bond market
Bank stats show quantitative easing having little impact
Broad money measure targeted by Bank of England falls in June despite £125 billion-worth of quantitative easing
France to create joint banking and insurance regulator
French finance ministry announces plans to launch single banking and insurance supervisor next year
Temasek admits $28 billion-plus balance-sheet hit
CEO of Singapore sovereign wealth fund reveals portfolio loss and says it may open to public investment
Uncertainty clouds Italian gold tax
Silvio Berlusconi says gold levy criticised by ECB could be changed but Italian daily reports government plans to pass the tax in its current form
NY Fed’s Dudley says too premature to set exit date
New York Federal Reserve’s Bill Dudley says risks tilted toward weak growth and not high inflation
What shadow banks mean for financial regulation
Recognition of the role of the so-called shadow banking system in the financial crisis, means more stringent financial regulation, argues a paper from the New York Federal Reserve
New data on operational risk losses
Survey from the Bank for International Settlements collects data on op-risk losses from 121 banks in 17 countries