Central Banking
US consents to $100 billion IMF boost
The US Congress on Thursday finally agreed to a $100 billion credit line to the International Monetary Fund (IMF), pledged by President Barack Obama after the G20 meeting in London.
UK doubtful on joining ECB's Target2-Securities
Old Lady raises issues on securities transfer
Iceland shows need for pan-EU supervisory approach
The Icelandic experience in the current crisis shows that the European Union's (EU) arrangements for cross-border banking supervision and deposit insurance need urgent strengthening, a new paper from Robert Wade, a professor of political economy at the…
Europe's banking fragility needs urgent attention
Europe's banks are so fragile that measures must be implemented within the next 12 months, a paper by Adam Posen and Nicolas Veron, two economists at the Peterson Institute for International Economics, posits.
Bernanke: bottom-up actions key for recovery
Economic recovery and development is a bottom-up as well as top-down process, said Ben Bernanke, the chairman of the Federal Reserve.
ECB - Financial Stability Review June 2009
Most large and complex banking groups operating in the euro area appear to have enough capital to withstand severe but plausible stress scenarios, notes the latest Financial Stability Review from the European Central Bank.
UAE to improve banks' corporate governance
The Central Bank of the United Arab Emirates published new draft corporate governance guidelines for the banking sector on Thursday, saying that, as leading contributors to the economy, commercial banks had to have high management and corporate…
Geithner defends Fed from Congressional attack
Tim Geithner, the US Treasury secretary and a former head of the New York Federal Reserve, backed the Federal Reserve as the best institution to monitor systemic risk after lawmakers queried the central bank's ability to do so.
King steps up bid for more Bank power
Mervyn King, the governor of the Bank of England, on Wednesday night reiterated calls for the government to grant Threadneedle Street more power to fulfil its new financial stability mandate.
Basel, IADI issue deposit insurance guidelines
The Basel Committee on Banking Supervision and the International Association of Deposit Insurers (IADI) on Thursday published the final version of their global guidelines for deposit guarantee systems.
Swiss talk tough on franc appreciation
The Swiss National Bank has warned that it will continue to intervene in currency markets to prevent the appreciation of the franc.
UK chancellor eyes banks' corporate governance
Britain's top financial official will on Wednesday call on banks' boards to act as a first line of defence against future financial crises.
Don't hike rates too early, Fed's Duke warns
Elizabeth Duke, a governor of the Federal Reserve, has noted that previous downturns have been deepened or prolonged by the premature withdrawal of monetary or fiscal stimulus.
Ireland's Hurley covets stability role
John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, said that he would strongly support full integration and coordination within the Irish central bank of responsibilities for both financial stability and micro…
Price affects public's payments instrument choice
The prices of payment services influenced the public's choice of payments instrument, finds the latest Annual Report on Payment Systems from the Norges Bank.
Obama proposals call for Fed governance review
Sweeping proposals for reforms to financial regulation released by the White House on Wednesday have called for a comprehensive review of the governance and structure of the Federal Reserve.
Kremlin wants revamp of SDR basket
The Kremlin has called for a radical shift in the composition of the basket of assets that comprise the special drawing right (SDR).
Norges Bank to tweet rate decisions
Norges Bank has begun using twitter, the social networking site, to communicate rate decisions.
Chile to keep rates at record low until mid 2010
The Central Bank of Chile has indicated that, contrary to market expectations, it is likely to keep rates at a record low of 0.75% until at least the middle of next year.
Reserves good insurance for emerging markets
Accumulating foreign-exchange reserves remains "pretty good insurance" for emerging markets, new research from Deutsche Bank posits.
IMF upgrades US outlook
The International Monetary Fund (IMF) believes that the United States economy will grow next year.
Posen to join Bank's MPC
Adam Posen, a deputy director at the Peterson Institute, is to replace Tim Besley on the Bank of England's Monetary Policy Committee (MPC).
India names new deputy governor
Kamalesh Chandra Chakrabarty is the new deputy governor at the Reserve Bank of India.
Greece to study climate change
The Bank of Greece is to establish a group to study the economic impact of climate change.