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Central Banking

Speech by Andrew Crockett, General Manager, BIS

SPEECH - The chief of the Basel-based Bank for International Settlements warned on Monday of growing divergence between what accountants and bank supervisors think is good practice, saying clashes were likely. The speech was titled 'Reflections on the…

Kazakh president praises central bank chief

KAZAKHSTAN - President of Kazakhstan Nursultan Nazarbayev has sharply criticized national companies. "National companies have turned into feudal principalities and their leaders into princelings," Nazarbayev told the Cabinet on Thursday. But the…

Greek c banker Papademos may replace Noyer

GREECE - Greek central bank governor Lucas Papademos is emerging as a frontrunner to become the European Central Bank's next vice president, European Commission and Greek government sources said Thursday.

US stimulus package fails

US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.

Argentina halts currency trading

ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.

Wim Duisenberg's legacy

FEATURE - Wim Duisenberg, the Dutchman who has headed the European Central Bank (ECB) since its inception, is standing down in July next year.

Speech by Dino Kos of the Reserve Bank of New York

SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…

ECB Press Conference

PRESS CONFERENCE - Introductory statement, Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Maastricht, 7 February.

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