Central Banking
Irish central bank accused of acting like Rambo
IRELAND - Insurance brokers have accused the Central Bank of acting as a 'Rambo regulator' which discriminates against smaller brokerage operations.
Banking regulator and c bank could merge-Venezuela
VENEZUELA - The administration of Venezuelan President Hugo Chavez might eliminate bank regulatory agency Sudeban and transfer its powers to the central bank, local daily El Nacional reported.
Anti-deflation drive sparks BOJ fear over autonomy
ARTICLE - The central bank gets the jitters now that finance chief Takenaka takes up its challenge on economy. The Bank of Japan is worried that the government's latest campaign to stamp out deflation and buoy the economy will compromise its autonomy.
Brazil imposes stricter bank equity requirements
BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.
Polymer notes not now: RBI
INDIA - The Reserve Bank of India has said that there is no immediate plan to introduce polymer or plastic currency notes to replace the existing paper notes.
Speech by Susan Schmidt Bies of the Fed, 8 Oct
SPEECH - In the speech titled 'Corporate Governance and Risk Management' Bies said firms of all sizes should continue to pursue strategies to manage risk. Following sound risk management, governance, and disclosure practices consistently is also crucial…
Speech by Jack Guynn President Atlanta Fed, 2 Oct
SPEECH - Guynn said in a speech to Columbus Rotary Club titled 'The U.S. Economy: Getting Back on Track' that he'd characterise the U.S. economy as plodding along but moving in the right direction - forward. The economy has basically emerged from…
Speech by Governor, Danmarks Nationalbank, 9 Sep
SPEECH - Speech by Governor Jens Thomsen of Danmarks Nationalbank 'Monetary Policy in the Shadow of a Monetary Union' at the Bank of Ghana on 9 September 2002.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - Hong Kong's Latest Foreign Currency Reserve Assets Figures Released, 7 October.
European Central Bank Court of Auditors Report
REPORT - Report by the Court of Auditors on the audit of the operational efficiency of the management of the European Central Bank for the financial year 2001, together with the replies of the European Central Bank, 7 October.
European Central Bank Public Consultation
CONSULTATION - Measures to improve the efficiency of the operational framework for monetary policy, 7 October. The proposed changes are of a technical nature with euro area credit institutions and banking and financial market associations addressed under…
Heikensten: Financial risks slow down recovery
PRESS RELEASE - First Deputy Governor Lars Heikensten of the Sveriges Riksbank today, 9 October, gave a speech under the heading "Some monetary policy issues" at the Center for Business and Policy Studies' (SNS) annual conference on the economic…
The Sveriges Riksbank Prize in Economic Sciences
PRESS RELEASE - The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002, winner announced, 9 October.
SARB Monetary Policy Review - October 2002
REPORT - The South African Reserve Bank has published its October Monetary Policy Review. The report reflects on increased inflationary pressures in the South African economy following the depreceiation of the rand in the latter half of 2001.
Balkans pact on division of gold
YUGOSLAVIA - Yugoslavia and four former Yugoslav republics have agreed to divide $87m (£55m) worth of gold left over from the Yugoslav federation, a Bosnian government spokesman said yesterday.
France faces formal Brussels rebuke
BELGIUM - France was yesterday left isolated and facing a European Union reprimand after blowing a hole in the credibility of the rules that underpin the euro.
Two Americans win Nobel Prize in economics
SWEDEN - The 2002 Nobel Memorial Prize for economics has been awarded to a psychology professor and a researcher who developed laboratory tests of economic theory.
Brazil c bank imposes stricter equity requirements
BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.
Bank of Spain makes pessimistic on economy
SPAIN - Jaime Caruana, governor of the Bank of Spain, yesterday announced the bank's economic predictions. The central bank is expecting growth this year of no more than 2 per cent, two tenths of a percentage point lower than the government's prediction.
Yugoslavia sees monetary stability behind reform
YUGOSLAVIA - Addressing Nis University School of Economy students late on Tuesday, National Bank of Yugoslavia (NBY) Governor Mladjan Dinkic presented the results of his two-year work, stressing that the achieved monetary stability was one of the most…
Polish central bank wants Poland in euro zone 2006
POLAND - The Polish National Bank (NBP) wants Poland to join the euro zone in 2006, but does not rule out that the entry will take a year later, PAP News Agency reported NBP Deputy Governor Andrzej Bratkowski as saying on Tuesday.
Credit cards post huge growth in Thailand
THAILAND - The credit-card market is expected to grow by at least 40% next year, following estimated expansion of about 45% this year, Wanvimol Kanoktanaporn, a senior vice-president at the Bank of Asia, said yesterday.
Turkmen c bank issues gold and silver coins
TURKMENISTAN - The Central Bank of Turkmenistan has issued a set of memorial gold and silver coins, devoted to the parents of Turkmen President Saparmyrat Nyyazow, Turkmen TV first channel reported.
Speech by Fed Chairman Alan Greenspan, 7 Oct
SPEECH - In a speech on 'The continued strength of the U.S. banking system' Greenspan explores the apparent incongruity between this and the recent substantial losses on corporate credits. He sums up on a cautious but positive note: 'Success, indeed…