Central Banking
RBA suggests settlement system improvements
The Reserve Bank of Australia has unveiled a series of recommendations aimed at improving the settlement process of, and broader market functioning for, Australian equities.
Former Bank of Italy chief to stand trial
Antonio Fazio, a former governor of the Bank of Italy, will go to court in October to answer questions over his alleged role in a takeover scandal.
Norwegian SWF in the red for Q1
Norway's Government Pension Fund - Global recorded a loss of 5.6% for the three months to March on the back of the slump in global equity markets.
Likely Greek governor leaves commercial bank
George Provopoulos, the favourite to succeed Nicholas Garganas at the helm of the Bank of Greece, has resigned as chief executive of Piraeus Bank.
Spreads a poor gauge of crisis: Canada's Carney
Existing measures of interbank spreads are an unreliable way of measuring the effectiveness of central bank intervention in alleviating money-market tensions, said Mark Carney, the governor of the Bank of Canada.
De La Rue could sell cash systems division
De La Rue, the biggest private printer of banknotes, is considering the sale of some of its cash systems division.
Noyer's gloomy outlook for policymakers
Central bankers are likely to face a tough challenge in balancing the risks to financial and price stability in the coming years, Christian Noyer, the governor of the Banque de France, said.
Don't just focus on rates: Japan's Shirakawa
Though the increased attention given to monetary policy is welcomed, other aspects of central banking should receive more publicity, said Masaaki Shirakawa, the governor of the Bank of Japan.
How globalisation impacts rate-setting in India
Despite a relatively low degree of openness, India's domestic monetary conditions are highly influenced by global factors, research published by the International Monetary Fund finds.
Fund details improvements to technical assistance
The International Monetary Fund has produced a paper outlining reforms to increase the impact of its technical assistance.
Ex-Tanzanian governor Ballali dead
Daudi Ballali, the former governor of the Bank of Tanzania who was sacked in January, has died.
Iceland confounds expectations with rate hold
The Central Bank of Iceland surprised markets on Thursday, opting to hold rates, rather than raise them.
Swiss Re's Raaflaub to head new regulator
Patrick Raaflaub, the head of group capital management at Swiss Re, a reinsurance company, will direct Switzerland's new super regulator the Financial Market Supervisory Authority (FINMA).
Central banks must burst bubbles: Soros
George Soros, the billionaire financier, urged central bankers and regulators to tackle asset-price bubbles in spite of the difficulties in identifying them.
Pakistan raises rates 150bp
The State Bank of Pakistan hiked rates to 12% on Thursday.
Fed minutes reveal some reluctance to cut rates
Most members of the Federal Open Market Committee viewed the decision to cut rates by a quarter point in April as a close call, the minutes of the meeting reveal.
India's Reddy on the true aim of economic growth
The prospects for growth and stability in India are great, but greater are the challenges in fulfilling the very basic objectives of public policy, said Y.V. Reddy, the governor of the Reserve Bank of India.
Recovery requires more than Fed cuts: Warsh
Returning the economy to equilibrium requires actions more befitting than changes in the federal funds rate alone, noted Kevin Warsh, a governor at the Federal Reserve.
Settlement system links present risks
Connections between two of Canada's main settlements systems present a threat to efficiency, research by the country's central bank finds.
Central banks key to South Asian payment systems
Central banks must spark the development of South Asian payment systems, said Ranee Jayamaha, the deputy governor of the Central Bank of Sri Lanka.
Internal measures crucial for EU's economic growth
The EU needs to implement structural reforms and improve cost discipline to absorb negative external price shocks and support growth, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Inflation targeting a dangerous fad, says Stiglitz
Joseph Stiglitz, the Nobel Prize-winning economist and Columbia University professor, has panned inflation targeting as a "fad" that could lead to economic disaster.
I was forced out: ex-Nigerian deputy
Wahia Mshelia, a former deputy governor at the Central Bank of Nigeria, has alleged that she was forced to quit after falling out with Charles Soludo, the institution's governor, local media reported on Wednesday. Soludo has denied the claims.
UK bank blacklists SWFs on ethical grounds
Most of their peers are stepping up their efforts to court sovereign wealth fund revenue, but the UK-based Co-operative Bank is shunning several because of human rights abuses by their controlling governments.