Central Banking
Central Bank of Sri Lanka - Annual Report 2008
Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.
Plans for GCC central bank veer off track
Gulf states have yet to decide on the location of a regional central banking hub almost seven months after they were scheduled to announce the hub's site.
Crisis hampering eurozone integration: ECB
The European Central Bank (ECB) has warned that the pace of pan-European financial integration could slow in the wake of the financial crisis.
Fed sets up sterling, yen, euro, franc swap lines
The Federal Reserve will be able to provide sterling, euro, yen and Swiss franc liquidity to banks with American operations after agreeing swap lines with the relevant monetary authorities.
IMF: eastern EU states must adopt euro - report
The International Monetary Fund (IMF) is alleged to have advocated fast-track eurozone accession for eastern European countries grappling with high amounts of external debt.
SNB's Hildebrand: crisis demands overreaction
The risks associated with doing too little are far greater than those of doing too much, Philipp Hildebrand, the vice-chairman of the Swiss National Bank, has warned.
Uniform banking rules crucial: Norway's Gjedrem
All global supervisory authorities must take a uniform approach to regulating banks, said Svein Gjedrem, the governor of the Norges Bank.
Bank of Canada - Annual Report 2008
Structural changes to markets will be needed to restore confidence, said Mark Carney, the governor of the Bank of Canada, in the latest Annual Report.
Intervene with care in credit markets: BoJ's Noda
In conducting outright purchases of credit-market instruments to facilitate corporate financing, it is important to strike a balance, said Tadao Noda, a member of the central bank's rate-setting board has said.
Zimbabwe's Gono in the dock over unpaid wages
Employees of the Reserve Bank of Zimbabwe are taking Gideon Gono, the governor of the central bank, to court over his failure to pay them for three months, say local media reports.
Fed right choice for stability role: KC's Hoenig
The Federal Reserve must fill the role of financial-stability regulator, said Thomas Hoenig, the president of the Kansas City Fed.
Irish economy to shrink by 7%: central bank
The Irish economy is set for an even worse year than previously thought, according to the latest forecast by the country's central bank.
Congress clamps down on Fed opacity
Pressure on the Federal Reserve to declare the recipients of its loans stepped up on Thursday after the Senate backed legislation which supports the outlawing of Fed borrowers' anonymity.
Fed bailout critic Stern to step down
Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.
RBI prepares for 75th anniversary
The Reserve Bank of India (RBI) commemorated entering its 75th year on Wednesday with a speech by the governor, who announced plans to mark its platinum jubilee.
Foreclosures a worry in NY state
The number of home mortgages in foreclosure in upstate New York continues to be a concern, notes a report from the New York Federal Reserve.
Depth of Icelandic cut limited on krona concern
Members of the Central Bank of Iceland's monetary policy committee decided unanimously to cut the key policy rate by a full percentage point to 17% but resisted a steeper move owing to caution about the impact on the currency, the minutes for the 17 and…
BoE - Credit Conditions Survey
Lenders reduced the availability of secured credit to households in the three months to mid-March, according to the latest Bank of England Credit Conditions Survey.
Tarp could cost taxpayers more
The Congressional Budget Office has raised its estimate of the ultimate cost to taxpayers of the $700 billion Troubled Asset Relief Program (Tarp) by 51%.
FSF details reform proposals
A leverage ratio, less risky pay deals and closer work on cross-border contingency planning are among the measures for a new global regulatory code outlined by the Financial Stability Forum on Wednesday.
Markets surge on G20 $1 trillion recovery package
Equity markets in Europe and the United States soared on Wednesday on news that global leaders had pledged an extra $1 trillion to spur an economic recovery.
Harsh standards prompt drop in secured UK loans
Tighter lending conditions have sparked the steepest-ever climb in British housing equity in the last quarter of 2008.
Denmark's Bernstein plans to stock up on reserves
The National Bank of Denmark will need to maintain a larger foreign-exchange reserves stockpile than in recent years, said Nils Bernstein, the governor of the central bank.
Long-run forecasts a good anti-deflation tool
The Federal Open Market Committee's new long-run inflation forecast reduces the chance of a deflationary spiral, a new paper form the San Francisco Federal Reserve posits.