Central Banking
City regulator resigns after furore
Sir James Crosby has resigned as deputy chairman of the Financial Services Authority (FSA) in Britain, following allegations that he sacked a senior risk manager at HBOS, a bank Crosby headed, who raised concerns over the risk exposure of the bank.
King presents gloomy outlook
The Bank of England has revised its forecast for growth in the British down sharply and says the recovery will depend "to a significant extent on developments in the rest of the world where a severe economic downturn has taken hold."
Zim's Gono turns on rand anchor
The governor of the Reserve Bank of Zimbabwe, Gideon Gono, has been quoted as welcoming the idea of pegging the country currency to South Africa's rand.
Reactions to Tarp 2
Initial reaction on the new financial industry bailout plans announced on Tuesday, suggest that investors and observers are underwhelmed by the lack of details available at this stage and fear that the measures will continue to fall short of the…
NY Fed's Dudley: the Tips are good
The benefits of the treasury inflation protected securities (Tips) programme exceed its costs, said William Dudley, the president of the Federal Reserve of New York.
Swiss's Hildebrand - bring on tough regulation
The Swiss National Bank would give unconditional support to more stringent regulation, said Philipp Hildebrand, the vice-chairman of the central bank.
China's financial liberalisation success
Liberalisation of China's financial system reduced its vulnerability, posits a new paper from the Hong Kong Monetary Authority.
How to measure global inequality
World inequality cannot be measured with the same tools as applied at a national level, says a new research from the Bank of Italy.
Asian crisis, culture sparked imbalances: Zhou
The Asian financial crisis and a number of cultural factors triggered the build up in global imbalances seen as the underlying cause of the current crisis, Zhou Xiaochuan, the governor of the People's Bank of China, has said.
Geithner unveils sweeping Tarp overhaul
Timothy Geithner, the secretary of the US Treasury, has announced plans to take up to $500 billion in bad assets off the books of struggling banks and expand the Federal Reserve's programme to support asset-backed securities to $1 trillion from the…
Gono denies rand adoption plans - report
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has reportedly denied that the inflation-ravaged country is considering the adoption of the South African rand as its currency.
Bank Negara drafting new law - Zeti
Bank Negara Malaysia is drafting a new central bank law to go to parliament, said Dr Zeti Akhtar Aziz, the governor, in a speech at a conference to celebrate the institution's 50th birthday.
A setback for European payments
Terry Dirienzo, product and marketing director for Experian Payments, a consultancy, bemoans a French suspension of work on the Single Euro Payments Area (Sepa).
Basel's Wellink: link macro and micro supervision
Cooperation between macro- and micro-prudential supervisors should be strengthened, said Nout Wellink of De Nederlandsche Bank.
Buba's Weber on market transparency
Transparency-enhancing regulation is needed to restore confidence among market participants, said Axel Weber, the president of the Bundesbank.
US monetary policy self absorbed - Dallas Fed
Monetary policy in the United States is too self absorbed, said Richard Fisher, the governor of the Federal Reserve Bank of Dallas in the first Annual Report of the central bank's Globalization and Monetary Policy Institute.
Cash holding on the rise
Notes and coins in circulation were on average 1.1% higher than December, new data from the Bank of England show.
What to look for in Tarp II
Tim Geithner, the US Secretary of the Treasury, has delayed unveiling the plans for the next steps in administration's financial bailout programme until Tuesday. Here is a summary of the new steps that could be announced tomorrow.
Embattled Oddsson goes on the offensive
David Oddsson, the under-fire chairman of the board of governors at the Central Bank of Iceland, hit back at a letter sent last week by the prime minister calling for him to resign.
Fed still has weapons - Yellen
Janet Yellen, the president of the Federal Reserve Bank of San Francisco, says the Fed still has weapons left in its arsenal to address a "severely depressed" economy.
Swedish seigniorage hits five-year high
The Riksbank has offered to pay SEK5.9 billion ($737m) of its profits to the national treasury for the financial year 2008, Sweden's central bank said on Monday.
Strauss-Kahn: Fund needs more resources
The International Monetary Fund (IMF) needs more resources to address current global challenges, said Dominique Strauss-Kahn, the managing director of the Fund.
Take fast and broad actions - Norges's Gjedrem
Prompt and extensive write-downs of bad assets and recapitalisation of banks limited the downturn in Nordic economies in mid-1990s, said Svein Gjedrem, the governor of the Norges Bank.
Asian crisis's impact on money demand
The Asian crisis impacted money demand in Chilean economy, posits a new paper from the country's central bank.