Central Banking
Korea may use reserves to support won - report
The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.
EU backs pledge to fill IMF coffers to $500bn
The International Monetary Fund (IMF) needs to bolster its lending capacity to $500 billion, leaders of Europe's biggest economies have said. The move comes amid concern that the Fund will be unable to avert the collapse of some central and eastern…
This was always a crunch to be fought on 2 fronts
Charles Wyplosz, a professor at the Graduate Institute, Geneva, and an occasional consultant to the International Monetary Fund and World Bank, tells CentralBankNews.com why reviving banks' health was always going to take more than capital injections.
UAE aids Dubai with $10bn bond purchase
The Central Bank of the United Arab Emirates has acted on fears that Dubai will not be able to repay its debt by buying $10 billion-worth of the emirate's bonds.
Don't panic, pleads ECCB as Stanford run starts
The Eastern Caribbean Central Bank, which acts as financial regulator, has called for calm in Antigua and Barbuda as nervous depositors began to withdraw funds from the Bank of Antigua, part of the Stanford Group.
NYFed hosts CDS powwow
The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.
Strike brings Indian markets to a halt
The majority of the Reserve Bank of India (RBI) staff held a one-day strike on Friday, resulting in significant disruptions to the country's financial markets.
UK regulator hires Credit Suisse top brass
The Financial Services Authority, the British regulator, has recruited Credit Suisse's chief operating officer for its UK private banking business.
Gjedrem calls for higher capital requirements
New and higher capital requirements must be imposed on banks, said Svein Gjedrem, the governor of Norges Bank.
Financial order changing - Macedonia's Goshev
The global financial crisis is going to reshape the international financial architecture, said Petar Goshev, the governor of the National Bank of Macedonia.
Ordoez urges labour reform
Labour-market reform is crucial for the Spanish economy's future, said Miguel Ordoez, the governor of the country's central bank.
Risk premia can be procyclical
New research from the Bank of England shows that risk premia can be procyclical.
Fed gloomy on 2009, more bullish on 2010 and 2011
The Federal Reserve has reduced its forecast for economic growth this year, but has upgraded its projection for 2010 and 2011.
Further questions over SEC in Stanford affair
The US Securities and Exchange Commission (SEC) faces further questions over its authority and competence as the fallout from the regulator's fraud charges against Sir Allen Stanford continues.
Bank of Japan to buy up corporate paper
The Bank of Japan announced plans to spend up to one trillion yen ($10.6 billion) in outright purchases of corporate paper in a bit limit the damage from "severe" financial and economic conditions.
What payments experts have learned
Payments experts have learned a lot about liquidity risk and lender of last resort from the crisis, explained Daniel Heller, the new head of the influential CPSS Secretariat in Basel.
Fiji must meet global AML standards - Narube
Fiji must comply with global anti-money laundering standards, said Savenaca Narube, the governor of the country's central bank.
Bahrain's Al-Majar: forex swaps valuable
The establishment of a foreign-exchange swap facility is a key initiative in Bahrain's effort to address the current financial turmoil, said Rasheed Al-Majar, the governor of the Central Bank of Bahrain.
Papademos on macroprudential supervision
The European Central Bank and the Eurosystem are well placed to assume the tasks of macroprudential supervision, said Lucas Papademos, the vice president of the ECB.
RBA explains February cut
Significantly lower forecast for domestic output growth than expected was behind the Reserve Bank of Australia's cut in the cash rate by 100 basis points to 3.25%, according to minutes of the February meeting.
Riksbank's Svensson solves liquidity-trap problem
Lars Svensson, the deputy governor of the Sveriges Riksbank, has devised what he has labelled a "foolproof way" to escape a liquidity trap.
Greenspan: nationalise but protect bondholders
Alan Greenspan, a former Federal Reserve chairman regarded as one of the foremost proponents of free markets, has conceded that some American banks may need to be nationalised.
Universal regulator model on the up
The number of countries adopting a single regulator model for the supervision of their banking, securities and insurance industries rose in 2008.
Bank's MPC wants money levers to hit target
The Bank of England's Monetary Policy Committee has unanimously called for the use of tools to boost the money supply to meet its inflation target, minutes of its latest rate vote reveal.