Central Banking
National Bank of Macedonia - Annual Report 2006
Petar Goshev, the governor of the National Bank of Macedonia, judged 2006 a successful year for the central bank.
SEC and FSA chiefs to discuss hedge fund rules
Paul Atkins, the commissioner of the US Securities and Exchange Commission, and Hector Sants, the chief executive of the UK Financial Services Authority, will meet with senior hedge fund professionals to ask if funds should be regulated and to see what…
Yam hails innovation but urges caution
"The forces generated by financial innovation need to be properly harnessed," Joseph Yam, the chief executive of the Hong Kong Monetary Authority said on Monday.
Research finds East Asian ratings discrepancy
A significant discrepancy exists between agency ratings and market-based default risk measures for East Asian banks, according to a paper published by the Hong Kong Monetary Authority on Tuesday.
Politicians want more power to veto Bank
An enquiry into the crisis at Northern Rock by Treasury ministers is expected to result in calls for their colleague, the chancellor of the exchequer, to be able to overrule the Bank of England and the Financial Services Authority (FSA).
EU re-designs euro coin to exclude Turkey
The new design of the euro coin - set to be introduced next year in Slovenia, Malta and Cyprus - will not feature Turkey despite its inclusion in the original plans.
Dugan to replace Witteveen at joint forum
John Dugan, the comptroller of the currency in the US, will head the Joint Forum, a group of senior financial sector regulators, following the death of Dirk Witteveen, an executive director at the Netherlands Bank, earlier this month.
Slovakia holds rates
The National Bank of Slovakia decided to keep its benchmark rate at 4.25% on Tuesday.
Currency reform set for delays - Nigeria's Soludo
Charles Soludo, the governor of the Central Bank of Nigeria, said reforms of its naira currency, set out in mid-August, are on hold until the central bank meets with the government.
IMF warns against over-regulation following crisis
Jaime Caruana, the head of capital markets at the International Monetary Fund, on Monday urged financial regulators to avoid introducing a raft of rules in reaction to recent events in global money markets.
Riksbank's Ingves justifies openness
Stefan Ingves, the governor of the Riksbank, said on Monday that the central bank chose to adopt a transparent monetary policy framework in order to become a more democratic and efficient institution.
Bank of Botswana - Annual Report 2006
Rising inflation was the biggest policy challenge the Bank of Botswana faced in 2006.
Sentance links UK inflation with global economy
The openness of the UK economy makes inflation vulnerable to global forces in the short term said Andrew Sentance, an external member of the Bank of England's Monetary Policy Committee, on Monday.
BoE bulletin reviews UK reaction to turmoil
The Bank's quarterly bulletin for the third quarter covers developments in sterling financial markets from June to September, which marked the beginning of the current bout of stress in the global financial markets.
Tosovsky and Strauss-Kahn interview for IMF head
Josef Tosovsky's and Dominique Strauss-Kahn's respective statements to the International Monetary Fund (IMF) for the role of managing director touched on similar problems. But their solutions differed vastly.
Hungary cuts rates, looks to abolish two coins
The National Bank of Hungary decided on Monday to lower its base rate by 25 basis points to 7.5% after announcing on Friday that it would withdraw its one and two forint coins.
Trichet responds to Sarkozy criticism
Jean-Claude Trichet, the president of the European Central Bank, has again hit back at French president Nicolas Sarkozy's attempts to criticise and influence monetary policy.
Israel holds rates
The Bank of Israel decided on Monday to keep its interest rate at 4% as the strength of the shekel is counterbalancing rising prices and keeping inflation in check.
Germany is the ECB's biggest fan
Out of the five major Eurozone economies, it is Germany, the largest, that is most confident that the European Central Bank (ECB) fulfils its primary roles of managing inflation and encouraging growth.
Argentina is "riding the storm": Redrado
Martin Redrado, the governor of the Central Bank of Argentina, said his country has dealt with the recent global market turmoil because of better macroeconomic management.
Subprime was trigger not cause: Fed's Warsh
Kevin Warsh, a governor of the Federal Reserve, said on Friday that the subprime crisis sparked, rather than produced, the recent bout of money-market turmoil.
Bank of Haiti - Annual Report 2005
Despite social and political turmoil, Haiti's economy grew by 1.8% over the 2004/05 financial year. Private sector investment increased by 5.6% in 2005, after contracting by about 14% the previous year.
Some grim reading for bankers
A paper published by the European Central Bank has found the interdependence of lending decisions by national subsidiaries of global banks can lead to contagion.
UK head regulator: borrowing rules should change
Sir Callum McCarthy, the chairman of the Financial Services Authority (FSA) - the UK's financial watchdog, has said the authorities should alter banking regulation in light of the problems faced by Northern Rock.