Central Banking
Watchdog raps TARP management
A congressional watchdog has found the US Treasury wanting on a number of issues related to management and oversight of the $700 billion bailout plan known as the Troubled Asset Relief Program (TARP).
Iceland pledges to restart FX market
The Central Bank of Iceland pledged to restore the foreign-exchange market in the country, naming three banks as market makers.
Bank cuts to historic low
The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.
Bumper day for cuts, three slash by record margin
The European Central Bank (ECB), the Riksbank and the Reserve Bank of New Zealand backed the biggest rate cuts in their history on Thursday, highlighting the pace at which the threat of a global depression has risen.
Uganda's finance sector strong - Mutebile
Uganda's financial system is robust, healthy and its exposure to the crisis-related credit is very limited, said Emmanuel Mutebile, the governor of the Bank of Uganda.
Don't forget inflation - Richmond's Lacker
Federal Reserves monetary policy needs to remain consistent and not allow inflation to accelerate over the business cycle, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Chile's rate meeting - minutes
Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.
Islamic finance and insurance tie-up
The International Association of Insurance Supervisors (IAIS) and the Islamic Financial Services Board (IFSB) signed a working agreement aiming at establishing a sound regulatory and supervisory framework for the Islamic insurance industry.
Thailand slashes rates on "significant change"
The Bank of Thailand made its biggest-ever rate cut on Wednesday, sparked by what it termed a significant change in the economic environment.
Ex-NY Fed's Corrigan to head new Goldman wing?
Gerald Corrigan, a former head of the New York Federal Reserve, could be about to take the helm at Goldman Sachs's new bank holding company.
Ex-Bank director to lead offshore review
Michael Foot, a former executive director for supervision at the Bank of England, is to head a review of British offshore financial centres.
Zero rates the only way out: ex-MPC members
Central bankers and global regulators must throw out the rule book on moral hazard, and act rapidly and decisively to fix the global financial meltdown, former members of the Bank of England's Monetary Policy Committee have said.
A banker's take on the year to come
The financial crisis is set to escalate in the New Year and it is difficult to see a way out, Matt King, a credit strategist at Citi, a bank, has said.
Buba's Weber: room for more monetary easing
Euro-area monetary policy has enough leeway for further easing if necessary, said Axel Weber, the president of the Bundesbank.
Central Bank of Kenya - Annual Report 2007/ 08
The Kenyan economy suffered major setbacks and inflationary pressures following the December 2007 election crisis, notes the latest Annual Report of the Central Bank of Kenya.
FDIC surveys bank overdraft programmes
The Federal Deposit Insurance Corporation (FDIC) has gathered data on the types, characteristics, and use of overdraft programmes operated by the1,171 banks supervised by the deposit insurance regulator.
Canadian households can handle debt
Despite increases in the debt-to-income ratio since the1990s Canadian households remain well positioned to manage their increased debt levels, a new paper from the Bank of Canada finds.
Australia's point cut marks seven-year low
The Reserve Bank of Australia has slashed its key rate by a full percentage point to 4.25%, its lowest level since December 2001.
Bernanke signals shift to quantitative easing
Ben Bernanke, the chairman of the Federal Reserve, has hinted that the central bank will turn increasingly to its armoury of quantitative easing tools with its stock of rate cuts almost spent.
British PM denies UK close to joining euro
Gordon Brown, the British prime minister, has denied the UK plans to join the eurozone after the European Commission president said Britain was "closer than ever before" to adopting the single currency.
Former Austrian governor dies
Wolfgang Schmitz, a former president of the National Bank of Austria, has died at the age of 85.
Kenya cuts despite inflation's persistence
The Central Bank of Kenya cut its key rate to 8.5% and its cash reserve requirement by a full percentage point on signs of a slowdown on Monday but warned inflation remained a concern.
Palestine Monetary Authority - Annual Report 2007
Last year Palestinian economic conditions improved somewhat last, the latest Annual Report from the Palestine Monetary Authority states.
Turkey's Yilmaz in call for global LoLR
The most important lesson from the current financial turmoil is the need for a global lender of last resort, said Durmus Yilmaz, the governor of the Central Bank of Turkey.