Central Banking
Time to go, Mr. Fazio
The agenda set out in this article published Monday 12 September is clear. Bank of Italy governor Antonio Fazio must go. Even if nobody can legally force him out, the campaign for his resignation will not go away, it says.
World Bank names Europeans to top posts
World Bank President Paul Wolfowitz named two Europeans to senior positions at the development lender on Friday 9 September.
Fed schedule suggests Greenspan January exit
The Federal Reserve has shortened its planned two-day monetary policy meeting for 31 Jan - 1 Fed down to one day, suggesting Alan Greenspan will leave the Fed then.
Interview with Bundesbank's Weber
In an interview published on Saturday 10 September Deutsche Bundesbank president Axel Weber said Germany could learn a lot from Britain's success in reducing unemployment to such low levels.
Greenspan successor to face tough economic climate
Until recently it seemed that Alan Greenspan's successor at the Federal Reserve would have a fairly easy ride at first. But according to an article published this week, that seems like a distant memory now that Hurricane Katrina has sent gasoline,…
Place your bets! Will Fazio stay or go?
A Swedish online gambling website is offering odds on whether embattled Bank of Italy governor Antonio Fazio will stay in office beyond the start of October.
RBI's Mohan on communications in central banks
In the speech 'Communications in central banks: A perspective' given on 9 September Rakesh Mohan of the Reserve Bank of India said central bank communication has come a long way. From the secretive central bankers, allegations are now made that they are…
Greenspan, the Wizard of Bubbleland
This lengthy article published on Wednesday 14 September covers a lot of central banking ground. Greenspan's measured-paced interest-rate policy is a reversal back to the Fed's tradition of gradualism, it says, but the debt cancer is spreading faster…
RBA's Lowe on payment systems
In the speech 'Innovation and governance of payment systems' given on 16 September Philip Lowe of the Reserve Bank of Australia said technological innovation and greater industry co-ordination in Australia's payments systems are required if it is to…
BoE's Lambert downplays UK inflation rise
Writing in the UK newspaper the Sun, Bank of England rate setter Richard Lambert downplayed the sharp recent rise in UK inflation, saying that the central bank does not set rates according to where inflation stands at present.
BOJ's Iwata repeats inflation target call
Bank of Japan deputy governor Kazumasa Iwata said Thursday 15 September that the central bank should adopt a specific inflation target to boost transparency in monetary policy and fend off excessive market speculation after its quantitative easing…
Vietnam to maintain compulsory reserves ratio
Vietnam's central bank said on Thursday 15 September it will not raise the compulsory reserve ratio banks must keep aside.
RBI: Banks must improve technology to manage risk
A senior Reserve Bank of India official said Thursday 15 September that Indian banks need to strengthen technology platforms to manage risks better.
Argentina mulls increasing gold reserves
Argentina's central bank may increase its gold reserves as a hedge against inflation and to protect it against financial crises, according to Juan Ignacio Basco, the bank's head of market operations.
Besieged Fazio gets a supporter at last
European Internal Market Commissioner Charlie McCreevy said Friday 16 September that the Bank of Italy's governor, Antonio Fazio, appears to have acted legally in the ongoing saga that has enveloped the central bank.
Comment: Managing Asian reserves
The accumulation of foreign-exchange reserves by Asian central banks is one of the most talked-about developments in international finance in recent years. Arguably, it is also one of the most misunderstood ones too - its causes and consequences being…
Poland may hold euro referendum
Poland may hold a referendum on when to adopt the euro if the country's expected next ruling coalition cannot agree on a timetable, top presidential candidate Donald Tusk said on Thursday 15 September.
Uniform accounting rules face hurdles in Europe
This article published on Tuesday 13 September says that although the path to uniform and stricter global accounting rules is paved with good intentions, problems have arisen in Europe that could delay the adoption of parts of International Accounting…
Offshoring set to double by 2008
The scale of offshoring in the financial services sector is set to virtually double by 2008, according to PricewaterhouseCoopers latest survey entitled Offshoring in the financial services industry: Risks and rewards, launched on Thursday 15 September.
Mohan on the Indian economy in a global setting
In the speech 'Indian economy in the global setting' given on 8 September Rakesh Mohan of the Reserve Bank of India said India must seize the opportunities offered by forces of globalization to improve the quality of its people's life.
RBNZ Monetary Policy Statement, September 2005
The Reserve Bank of New Zealand published its September 2005 Monetary Policy Statement on 15 September. RBNZ Governor Alan Bollard said since the June Statement, economic indicators have broadly confirmed the slowdown in activity that commenced in the…
The IMF must redefine its role to stay relevant
In a commentary published on Wednesday 14 September International Monetary Fund managing director Rodrigo de Rato said although globalisation has brought enormous benefits in growth and efficiency, cross-border financial crises have heightened the…
IMF Global Financial Stability Report, Sep 2005
The International Monetary Fund published its Global Financial Stability Report for September 2005 on 15 September. The global financial system has strengthened over the past year, according to the report, giving it a substantial cushion against…
Global money transfers international conference
The first major international conference on global money transfers will take place in London at the Institute of Directors on October 17 and 18 attended by financial institutions worldwide.