Central Banking
Regulation and supervision weak - Riksbank's berg
Financial market problems have been aggravated by weaknesses in regulation and supervision, said Svante berg, a deputy governor of the Sveriges Riksbank.
ECCB - Annual Report 2007/08
Eastern Caribbean Currency Union (ECCU) countries are among the most vulnerable in the international system, said Dwight Venner, the governor of the Eastern Caribbean Central Bank in its latest Annual Report.
MPC would use additional tools at zero bound
The Bank of England's Monetary Policy Committee (MPC) has considered the options should bank rate come close to or reach the zero bound, said David Blanchflower, a member of the committee.
Global growth to slump to 60-year low in 2009: IMF
The International Monetary Fund (IMF) said on Wednesday that it expected world growth to fall to 0.5% this year, its lowest rate since World War II.
FDIC may run US bad bank
The Federal Deposit Insurance Corporation (FDIC), a key American regulator, could manage a bad bank that the Obama administration is likely to soon set up, say reports.
Bailouts unnecessary if Basel II rules were laxer
A minor change to Basel II would have made it possible to restore much of the confidence in the banking industry without governments having to inject capital in the short term, economists have said.
Italy's Saccomanni hits out at protectionist claim
Fabrizio Saccomanni, the director general of the Bank of Italy, has attacked claims that a new facility set up by the central bank is protectionist.
Ukraine president to block move to sack governor
Viktor Yuschenko, the Ukraine's president, is to launch a legal bid to render parliament's latest attempt to oust the governor of the country's central bank invalid.
St Louis Fed elects new chair
The St Louis Federal Reserve has named Steven Lipstein, the president and chief executive of BJC HealthCare, the chair of its board for the coming year.
Trichet: euro is not dollar's competitor
The euro was not created to compete with the dollar, said Jean-Claude Trichet, the president of the European Central Bank (ECB).
Research assesses risk-management methods
A paper from the Hong Kong Monetary Authority compares different methods for estimating and forecasting the volatilities and correlations of asset returns.
Education pays more in the US than Canada
Education has more impact on pay in the United States than in Canada, posits research from the Bank of Canada.
National Bank of Macedonia - Annual Report 2007
In 2007, the Macedonia economy grew by a record amount, with GDP growth of 5.1%, says the latest Annual Report from the National Bank of Macedonia.
What Washington needs to do next: Ex-Fed's Posen
Adam Posen, a deputy director at the Peterson Institute, a research body, and a former economist at the New York Fed, tells CentralBanking.com why the US administration must be bold, coherent and forceful in dealing with the toxic assets which litter…
Dudley takes helm at NY Fed, Geithner sworn in
William Dudley, the executive vice president of the markets group at the New York Federal Reserve, is to succeed Tim Geithner as president of the central bank after Geithner was sworn in as US Treasury secretary on Monday.
Supervisors must change bonus culture: Wellink
Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of De Nederlandsche Bank, has called on supervisors around the world to tackle banks' "generous" bonus culture.
India holds but signals cuts could come
The Reserve Bank of India kept its benchmark repo rate at an all-time low of 5.5% on Tuesday but indicated it could soon cut further with the Indian economy vulnerable to the fallout of the financial crisis.
Poland slashes on "considerable" slowdown
The National Bank of Poland cut rates by 75 basis points to their lowest level since April 2007 on Tuesday, citing flagging growth and lower inflation.
BoJ's Shirakawa: we'll monitor macro risks more
The Bank of Japan will continue to strengthen and exercise its role in managing macroprudential risks, said Masaaki Shirakawa, the governor of the central bank.
Bank of Guyana - Annual Report 2007
In 2007, domestic inflation rose to its highest level in nearly two decades, notes the latest Annual Report from the Bank of Guyana.
ECB's Tumpel-Gugerell: crisis impacting economy
The eurozone is experiencing a severe financial crisis that has begun to impact the real economy, said Gertrude Tumpel-Gugerell, a member of the European Central Bank's executive board.
Wage cuts less likely in less flexible markets
Research from Norges Bank finds that it is more difficult to cut wages in economies where labour markets are less flexible.
IMF to cut growth forecast to 1% to 1.5% - report
The International Monetary Fund (IMF) now expects global growth of between 1% and 1.5% in the coming year, down from its November estimate of 2.2%, say reports.
Kuwaiti SWF to take 16% stake in Gulf bank
The Kuwait Investment Authority, a sovereign wealth fund, has taken a 16% share in one of the country's largest banks.