Central Banking
Central bank chief-no money laundering in Armenia
ARMENIA - "We can state that Armenia is not involved in money laundering," the chairman of the Armenian Central Bank, Tigran Sarkisyan, said at a round table discussion on Friday.
ECB president's wife cancels Israel visit
NETHERLANDS - Gretta Duisenberg, the wife of European Central Bank President Wim Duisenberg, has cancelled a planned trip to Israel and the territories due to pressure from the Israeli Foreign Ministry.
Senior Swedish banker doubtful about EMU timetable
SWEDEN - Eva Srejber has said Sweden cannot enter the EMU currency union as early as 2005 if there is a referendum in the autumn of 2003.
Yugoslav bank chief rejects Montenegro's proposals
YUGOSLAVIA - Yugoslav National Bank Governor Mladjan Dinkic said Friday that in defining a payment operations' system with Serbia, Montenegro is insisting on solutions that are without parallel anywhere in the world, adding that Serbia will not accept…
Sveriges Riksbank Press Release
PRESS RELEASE - Deputy Governor Kristina Persson today, 11 November, held a speech at a meeting in Habo, Jonkoping county, organised by Foreningssparbanken, the Federation of Private Enterprises and the Swedish Shareholders' Association on the theme of …
Poole on the Fed's Role in Community Development
SPEECH - In the speech 'The Fed's Role in Community Development' made on 23 October, William Poole of the Federal Reserve Bank of St. Louis said in March 2003, the Federal Reserve System's Community Affairs offices will sponsor its third academic…
Bank of Canada Working Paper
RESEARCH - Bank of Canada Working Paper by David Andolfatto, Scott Hendry, and Kevin Moran, October 2002. Various measures indicate that inflation expectations evolve sluggishly relative to actual inflation. In addition, they often fail conventional…
Latvia ok's new gov't headed by ex-central banker
LATVIA - Latvia's parliament gave its approval Thursday to a new government headed by former Central Bank president Einars Repse, who vowed to stop corruption in the ex-Soviet Baltic republic.
Bies-Fed monitoring commercial real estate, credit
US - The U.S. Federal Reserve is monitoring rapidly growing vacancy rates in commercial real estate and a surge in consumer credit, Fed Gov. Susan Bies said on Thursday.
Barbados c bank publishes new e banking guidelines
BARBADOS - The Central Bank of Barbados has published new guidelines for electronic banking in the island.
Curb inflation, not economy - Tito Mboweni
SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Thursday that interest rates may have peaked, saying the fight against inflation must not jeopardise the health of the overall economy.
BOK Governor Park to attend BIS meeting
KOREA - Bank of Korea (BOK) Governor Park Seung is leaving for Mexico today to attend the Bank for International Settlements (BIS) governors meeting scheduled for 10-12 November in Mexico City, the central bank announced yesterday.
ECB chiefs wife stirs Middle east passions
ARTICLE - When Gretta Duisenberg hung a Palestinian flag from her balcony, her neighbour wrote her a polite complaint. When she agreed to head an organization called "Stop the Occupation," the criticism grew louder.
A government move to clean up loans backfires
ARTICLE - China's four asset-management companies are supposed to be the cutting edge of the government's strategy to clean up the banking system. They may, in fact, end up doing more harm than good--by posing a threat to the health of the body that…
SAMA warns of attempts to forge Saudi riyal notes
SAUDI ARABIA - The Saudi Arabian Monetary Agency (SAMA) has cautioned the public against attempts by some gangs to forge Saudi currency notes. It said the central bank, with the help of law enforcement agencies, has taken added security measures to…
Central Bank of Kenya to be sued
KENYA - The National Social Security Fund (NSSF) yesterday took the Central Bank of Kenya (CBK) to court seeking to recover over Sh258 million.
World Bank backs more powers for Bangko Sentral
PHILIPPINES - The world Bank favours the legislation of stronger powers for the Bangko Sentral ng Pilipinas to intervene in cash-strapped banks as part of further reforms to improve the country's regulatory and supervisory framework.
ECB Press Conference
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank, with a transcript of the questions and answers, Frankfurt, 7 November 2002.
Central bankers do it their way
ARTICLE - It is as well that central bank actions are not co-ordinated. The US Federal Reserve has a clear bias towards stimulus and preventive action, as its half-point cut in interest rates this week shows.
Argentina and IMF at odds over payment
ARGENTINA - Argentina and the International Monetary Fund remain some distance apart in negotiations over an agreement that would make it easier to make a $805m debt payment due to the World Bank next week.
UAE concession to foreign banks
UAE - Foreign banks in the United Arab Emirates are to receive a concession under a new central bank law to be issued early next year.
Kennedy on Financial Markets and Monetary Policy
SPEECH - In the speech 'The Interaction of Financial Markets and Monetary Policy' made on 4 November, Sheryl Kennedy of the Bank of Canada said like a number of other central banks, we have a "blackout" period in the week before our announcements. No…
Malaysia bank mergers seen next year
SINGAPORE - The Malaysian banking sector is due for a new round of consolidation ahead of further liberalisation in 2007 -- and mergers, especially among the smaller existing banks, could start toward the end of next year, analysts say.
Economy coming out of recession - Barbados c bank
BARBADOS - A flicker of growth in the economy during the third quarter of this year has signalled that Barbados is coming out of recession.