Central Banking
Launch of BoE's new framework
The Bank of England launched its new framework for the implementation of monetary policy to modernise sterling money markets on Thursday 18 May.
Plenderleith to be named Sanlam director - report
According to a report, the South African life assurance and financial services giant Sanlam has proposed making former South African Reserve Bank (SARB) deputy governor Ian Plenderleith an independent non-executive director.
Central bank carries out management changes
This article published Sunday 14 May looks at recent management changes that have taken place at the Bank of Uganda (BOU). It quotes the BOU's spokesman as saying that the changes will help the bank meet demands and changes in the financial and monetary…
The Gambia's central bank creates new deputy posts
The Point newspaper has quoted an unnamed reliable source as saying that Bamba Saho, general manager of the Central Bank of The Gambia, has been appointed first deputy governor of the central bank.
EU parliament backs Stark for ECB
MEPs approved the appointment of Jurgen Stark to the Executive Board of the European Central Bank in a vote on Wednesday 17 May.
Ex-SBV chief nominated as prime minister
Former governor of the State Bank of Vietnam (SBV), Nguyen Tan Dung, has been nominated as the next prime minister of Vietnam.
Fed's Bernanke on Basel II
In the speech 'Basel II: Its promise and its challenges' given on 18 May Ben Bernanke of the Federal Reserve said federal banking regulators will press ahead on a sweeping plan aimed at improving risk management for the country's largest and most…
Comment: Emerging market jitters
Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually…
Central Bank of The Bahamas - Annual Report 2005
According to the Central Bank of The Bahamas's Annual Report 2005, preliminary indications are that, despite the rise in global oil prices and devastating hurricanes, the growth momentum of the Bahamian economy was sustained during 2005.
NY Fed's Kos on the foreign exchange market
In the speech 'Recent volatility trends in the foreign exchange market' given on 11 May Dino Kos of the Federal Reserve Bank of New York said there is a risk that the current period of low volatility in the foreign exchange market will not last, and…
So yuan is at 8? Wake me up when it reaches 7.5
Greater currency flexibility is all about speed, and according to this article published Tuesday 16 May, the yuan continues to disappoint.
Enforcement and the stability and growth pact
The IMF Working Paper "Enforcement and the stability and growth pact: How fiscal policy did and did not change under Europe's fiscal framework" published May 2006, says that the Stability and Growth Pact has been a success in numerous EU countries,…
Fed's Bernanke on hedge funds and systemic risk
In the speech 'Hedge funds and systemic risk' given on 16 May Ben Bernanke of the Federal Reserve said financial authorities must stay attuned to any potential risks posed by the growth of hedge funds, an investment domain of the wealthy that has become…
ECB Convergence Report May 2006
The European Central Bank (ECB) on Tuesday 16 May published a Convergence Report which has been prepared following requests for a country examination from Slovenia on 2 March 2006 and Lithuania on 16 March 2006.
NY Fed's Geithner on financial stability
In the speech 'Implications of growth in credit derivatives for financial stability' given on 16 May Timothy Geithner of the Federal Reserve Bank of New York said banks and other financial players must be cautious in their use of credit derivatives.
Norges Bank names new communications director
Siv Meisingseth, Chief Information Officer, SAS Braathens Airline, has accepted the position of communications director at Norges Bank, commencing on 1 September.
Minutes show BoE split 3 ways on rates
The Bank of England's Monetary Policy Committee was split three ways on this month's decision to keep interest rates at 4.5 percent, minutes released on Wednesday 17 May showed.
Meister sees need for hedge funds code of conduct
Bundesbank board member Edgar Meister told the Financial Times in an interview that hedge funds should introduce a code of conduct to make the industry more transparent.
Shrinking central bank asset buys worry for dollar
Foreign central banks' net purchases of U.S. assets have slumped to a mere $1.6 billion, the lowest in a year, according to this article published Monday 15 May.
Interview with RBNZ's Alan Bollard
In comments published on Tuesday 16 May, Reserve Bank of New Zealand governor Alan Bollard said he aims to ensure a soft landing for the economy while keeping inflation in check.
Padoa-Schioppa named as Italian econ min
Romano Prodi, Italy's incoming centre-left prime minister, on Wednesday 17 May named "a team and not a collection of prima donnas" which included former European Central Bank board member Tommaso Padoa-Schioppa as economy minister.
Suranyi mentioned as next NBH governor
According to Hungarian broadsheet Nepszabadsag, as well as Reuters, which cited a source in the ruling Socialist Party, the most likely next Governor of Hungary's central bank (NBH) is Gyorgy Suranyi.
Comment: Bank of Japan update
The Bank of Japan's monetary policy committee meets this week with an interest rate decision expected on Friday. With any ideas of an imminent rate hike all but ruled out, the emerging consensus is that the shift could come in July.
Bangladesh Bank - Annual Report 2004-2005
According to the Bangladesh Bank's Annual Report 2004-2005, during FY05 the Bangladesh economy was confronted with some serious challenges.