Central Banking
IMF paper on financial sector supervisors
According to the IMF Working Paper "The fear of freedom: Politicians and the independence and accountability of financial sector supervisors" compared with the case of central bank independence, independence for financial sector supervisors remains more…
BNM's Zeti on the Strategic Partnership
In a speech at the launch of Strategic Partnership between Credit Guarantee Corporation Berhad and the Islamic Financial Institutions given on 6 February Zeti Akhtar Aziz of the Bank Negara Malaysia said a key national agenda of the Government is to…
Canada's Longworth on promoting stability
In the speech 'Promoting stability, confidence and well-being' given on 6 February David Longworth of the Bank of Canada said Canada's financial system was well placed to withstand shocks like an abrupt slowdown in the United States.
SF Fed's Yellen on the Asian financial crisis
In the speech 'The Asian financial crisis ten years later: Assessing the past and looking to the future' given on 6 February Janet Yellen of the Federal Reserve Bank of San Francisco said China's exchange rate policy should be more flexible in order to…
Fed's Bernanke on economic well-being
In the speech 'The level and distribution of economic well-being' given on 6 February Ben Bernanke of the Federal Reserve said education, not protectionism, is the best weapon in the fight against rising income-inequality.
Buba's Weber says ECB will do 'utmost' on prices
The European Central Bank and the eurozone's national central banks will do everything possible to ensure price stability in the euro area, Bundesbank president Axel Weber said Wednesday 7 February.
PBOC closely monitoring inflation pressure
Inflation pressure is building up from rising consumer prices in China and requires the attention of all branches of the People's Bank of China (PBoC), the central bank-backed Financial News reported Wednesday 7 February, citing PBoC vice governor Xiang…
Fed's Moskow says Chicago lagging US on growth
A top Fed official said Tuesday 6 February in a speech that Chicago lags behind the rest of the US, making it imperative for city officials to pursue more adaptable policies.
Yuan rise not response to US pressure, says Fan
Fan Gang, the only non-government representative on the People's Bank of China's monetary policy committee, said in an online interview on Sina.com that recent yuan strength is not a response to US pressure.
Germany's Steinbrueck backs ECB's independence
German finance minister Peer Steinbrueck said Wednesday 7 February that the independence of the European Central Bank, which has received criticism from some French politicians, must be respected.
Fischer trips to raise support for Israel to OECD
Bank of Israel governor Stanley Fischer is travelling to Germany and Japan this week to increase support for Israel's bid to join the Organization for Economic Cooperation and Development as a full member, the central bank said.
ECB seeks to preserve its independence
This article from the Associated Press, published Tuesday 6 February, looks at the debate over whether countries that use the euro should have an influence on its decision-making process.
IMF's Lipsky on emerging market economies
In the speech 'Developing deeper capital markets in emerging market economies' given on 2 February John Lipsky of the IMF said well-functioning local capital markets make a vital contribution to the efficiency and stability of global financial…
BoT's Nijathaworn on global markets outlook
In the speech 'Global markets outlook' given on 8 January Bandid Nijathaworn of the Bank of Thailand said beginning this month, Basel II will be launched in the G7 economies.
Tetangco on the BSP and the banking community
In the speech 'The BSP and the banking community: A partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of Philippines said in the banking sector, we expect further expansion of bank resources, improvement in…
Kadir on Malaysia's life insurance industry
In the speech 'Malaysia's life insurance industry' given on 30 January Mohd Razif bin Abd Kadir of the Central Bank of Malaysia said the insurance industry is expected to continue its positive growth momentum in the near term.
Italy's Draghi on growth and stability
In the speech 'Growth and stability of the economy and financial markets' given on 3 February Mario Draghi of the Bank of Italy said greater international co-operation is needed to strengthen financial markets and prepare for instability.
PBOC tells lenders to monitor loans closely
The Shanghai branch of the People's Bank of China has told local lenders to tighten examination of loans to prevent illegal inflows of funds into the stock market, the official Xinhua News Agency reported Tuesday 6 February.
China factors will be key in 2007 gold market
According to this article from Interfax-China, published Friday 2 February, Chinese factors are likely to have an increasing influence on the gold price this year with the possibility that the People's Bank of China will increase gold reserves.
Russia and Azerbaijan agree on banking supervision
The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in banking supervision, RBC reported Tuesday 6 February.
BNM's Zeti pleased with 'orderly' ringgit
Bank Negara Malaysia is comfortable with the "orderly" performance of the ringgit, BNM governor Tan Sri Zeti Akhtar Aziz told reporters Tuesday 6 February.
Ito says BoJ must explain policy better
A member of the Japanese government's top economic council said on Monday 5 February in an interview with Reuters the Bank of Japan should promote accountability and transparency in its monetary policy as it has not been doing a good job in communicating…
Bahrain's Crown Prince has doubts on GCC deadline
In an interview published Monday 5 February, Crown Prince Shaikh Salman bin Hamad Al Khalifa of Bahrain cast doubt on a 2010 deadline for monetary union in the region and said his country and the five other GCC states still had some issues to resolve on…
Czech fin min to submit euro adoption plan soon
Czech finance minister Miroslav Kalousek will submit a national euro adoption plan to the cabinet in March, he told the daily Lidove noviny LN on Saturday 3 February.