Central Banking
Italy's Draghi on FSB initiatives
In a speech to the International Monetary and Financial Committee last month, Mario Draghi, the governor of the Bank of Italy and the chairman of the Financial Stability Board (FSB), reported on the progress the board had made in the three weeks since it…
Bank of Thailand - Annual Report 2007
The Thai economy grew by 4.8% in 2007, the country's central bank reported in its latest Annual Report.
How to strengthen Islamic finance - HKMA's Lau
In a speech in Singapore, Edmond Lau, the executive director for monetary management at the Hong Kong Monetary Authority, listed six elements for promoting the stability, integrity, diversity and efficiency of financial intermediation across…
Fed loan survey shows signs of recovery
The most recent Senior Loan Officer Survey from the Federal Reserve found some evidence of economic recovery emerging.
Fed's Maiden Lane down $10 billion
More than 14% was wiped off the value of the assets held on the Federal Reserve's books as collateral for its bailouts of Bear Stearns, a now defunct investment bank, and American International Group (AIG), a beleaguered insurer, in the three months to…
NY Fed's Friedman quits over Goldman controversy
Stephen Friedman, the chairman of the New York Federal Reserve, has resigned after coming under pressure for buying shares in Goldman Sachs, an investment bank.
RBI's Mohan to move to Stanford
Rakesh Mohan, a deputy governor at the Reserve Bank of India, is to leave the central bank next month to take up a role at Stanford University.
Riksbank upgrades Latvian swap line
The Riksbank has extended its swap line with the Bank of Latvia and raised the amount on offer to €500m ($675m).
Chile cuts to record low
The Central Bank of Chile cut its benchmark rate to an all-time low of 1.25% on Thursday.
Canada's Carney stresses policy flexibility
The Bank of Canada retains considerable monetary-policy flexibility despite rates being near the zero bound, said Mark Carney, the governor of the central bank.
ECB steps up recession fight
The European Central Bank (ECB) on Thursday announced a raft of measures, including outright purchases of corporate debt, to embolden its response to the eurozone recession.
Bernanke defines macroprudential approach
Ben Bernanke, the chairman of the Federal Reserve, on Thursday detailed how a macroprudential approach to regulation would look.
Malaysia's Zeti: financial inclusion still a goal
We must not lose sight of our financial-inclusion agenda, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, has warned.
Iceland cuts by 250bp, eases capital controls
The Central Bank of Iceland's Monetary Policy Committee chopped 250 basis points off its benchmark policy rate on Thursday. The cut, which leaves the rates at 13%, comes as the central bank agreed to relax some capital controls.
Bank expands quantitative easing by £50 billion
The Bank of England's Monetary Policy Committee on Thursday increased the size of its quantiative easing programme by £50 billion ($75.2 billion) to £125 billion.
Fed's Bernanke sees improved market conditions
Conditions in a number of financial markets have improved in recent weeks, said Ben Bernanke, the chairman of the Federal Reserve.
Central Bank of Iceland - Monetary Bulletin
In view of the uncertainty related to the global financial crisis, the Central Bank of Iceland's latest Monetary Bulletin has noted that capital controls must be removed cautiously.
China warns on QE inflation threat
The People's Bank of China has said that quantitative easing posed huge risks for international markets and the global economy.
SNB's Jordan: exit from zero-rate policy tricky
Pinpointing the optimal date for exiting from the current zero interest-rate policy of the Swiss National Bank will be critical, said Thomas Jordan, a member of the institution's Governing Board.
Riyadh to host regional central bank
Saudi Arabia's capital has been named as the location for the Gulf's regional central bank, after an eight-month delay.
France explains Sepa delay
The French National Single Euro Payments Area (Sepa) Committee has justified its decision to delay the implementation of Sepa Direct Debit until November 2010, a year after the first available start date.
FDIC recruits former Fed counsel
Michael Bradfield, a former head of the Federal Reserve's legal team, has been named general counsel of the Federal Deposit Insurance Corporation (FDIC).
Systemic rules a key challenge: Fed's Rosengren
Some of the most challenging issues on the regulatory agenda surround the role and powers of the institutions charged with systemic regulation, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Fed's Yellen: recovery will not be V-shaped
The recession will end in the second half of this year, but it will not be a V-shaped recovery, said Janet Yellen, the president of the San Francisco Federal Reserve.