Central Banking
Unified regulatory architecture needed in the US
An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.
Kohn defends Fed lending against "fiscal" charges
The Federal Reserve's efforts to halt a financial meltdown with lending programmes targeted at specific markets should not be construed as fiscal aid, Don Kohn, the vice chairman of the central bank, has claimed.
ECB staff set for "warning" strike
European Central Bank (ECB) staff are to take industrial action for the first time ever over pensions reform.
Nigeria's Soludo to depart?
Charles Soludo, the governor of the Central Bank of Nigeria, is to leave after one term, reports suggest.
Hoenig moots Fed for bigger payments role
A lack of competition, concerns over integrity and the existence of externalities in the payments sector justify a greater role for the Federal Reserve in the industry, Thomas Hoenig, the president of the Kansas City Fed, has said.
Ten heroes of monetary gold
Timothy Green, a journalist who has written about gold for 40 years, lists the ten individuals and institutions that have most shaped the precious metal's monetary history
BoJ notes signs of improvement
The Bank of Japan on Friday was relatively upbeat by recent standards about the country's economic prospects.
China should focus on gold not SDRs: Hanke
China would be better off promoting gold rather than special drawing rights (SDRs) as a global reserve currency, a prominent economist has argued.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
HKMA's new chief to face a pay cut?
The new head of the Hong Kong Monetary Authority (HKMA), which is to be Norman Chan, will have to take a substantial pay cut, sources said on Friday.
Markets fear US ratings downgrade: Pimco's Gross
The co-head of the world's biggest bond fund has said that that markets are beginning to price in the threat of the United States losing its triple-A rating, which he believes will eventually go.
Bank's Bean admits QE exit tricky
Charlie Bean, the deputy governor responsible for monetary policy at the Bank of England, has acknowledged that the execution of the Bank's exit strategy for quantitative easing will present the Monetary Policy Committee with a tricky judgment call.
Reasons for sluggish Japanese wages uncovered
Research published by the International Monetary Fund suggests that there are two reasons why Japanese wages have risen at a slower rate than remuneration in other rich countries.
Central Bank of Iran - Annual Report 2007/08
High inflation over the course of the 2007/08 fiscal year failed to derail medium-term growth trends in Iran, the country's central bank said in its latest Annual Report.
Bank of Latvia - Annual Report 2008
For the Latvian economy, 2008 was a year of radical change, said Ilmars Rimsevics, the governor of the country's central bank in its latest Annual Report.
RBA on why it kept policy rate unchanged
The Reserve Bank of Australia decided to leave the cash rate unchanged at 3% as there were signs that the economic stimulus that had been applied was supporting demand, according to minutes of the May meeting.
UK placed on negative watch on debt fears
Britain's much-cherished triple-A rating was under threat on Thursday after Standard & Poor's, one of the big three ratings agencies, placed the country on negative watch.
Gulf monetary-union plans in tatters as UAE quits
The United Arab Emirates (UAE), the second largest economy in the Gulf, on Wednesday withdrew from plans for a regional monetary union, causing further consternation for the beleaguered project.
Greenspan: we're still on the edge
Alan Greenspan, a former chairman of the Federal Reserve, has warned that American banks need to raise a lot more capital before the financial crisis can end.
Ex-Brazil governor dismisses plan to ditch dollar
Gustavo Franco, a former governor of the Central Bank of Brazil, has said that proposals for China and Brazil to trade in renminbi and reals rather than dollars are "pure idle talk".
Fed wants to stay silent on borrower details
The Federal Reserve will continue to resist calls by lawmakers to name and shame the recipients of central bank aid, Federal Open Market Committee minutes suggest.
A feeble response to an unprecedented crisis
Officials have failed to deliver on their promises of a regulatory overhaul. It is a pity, writes Robert Pringle, the chairman of Central Banking Publications.
Ghana's Acquah emphasises role of social contract
To ensure the safety and security of the financial system, officials must re-commit to the tenets of the unwritten compact that are essential to maintain the confidence and trust of the public, Paul Acquah, the governor of the Bank of Ghana, has said.
SARB - Monetary Policy Review
The heightened levels of global economic uncertainty are making monetary-policy decisions more challenging, notes the latest Monetary Policy Review from the South African Reserve Bank.