Central Banking
EC concern over independence of Czech c bank
CZECH REPUBLIC - The European Commission (EC) is worried about continued threats to the independence of the Czech National Bank (CNB), including the independence of the bank's board members, according to this year's annual assessment report.
Repse hands in resignation to go into politics
LATVIA - The president of the Bank of Latvia, Einars Repse, handed in a resignation to the Latvian Parliament Speaker Janis Straume 30 November, so that he could draw attention to forming his new would-be political party already named Jaunais Laiks, or…
ECB gold reserves unchanged 30 November
EUROPE - The Eurosystem's net reserves in gold and gold receivables was unchanged at EUR128.23 billion for the week ended 30 November, the European Central Bank said Tuesday.
Swiss SNB sold 8.6 tons gold in 10 days to 30 Nov
SWITZERLAND - The Swiss National Bank said Monday that its gold reserves fell by CHF130 million to CHF33.55 billion in the 10-day reporting period to 30 November 2001.
China's gold mining embraces reshuffle
CHINA - China's gold mining industry plans to form 12 internationally competitive groups by 2005 to meet challenges from the deregulation of the domestic gold market driven by the nation's accession to the World Trade Organization (WTO).
Speech by Ian Plenderleith of the Bank of England
SPEECH - Speech by Ian Plenderleith, Executive Director of the Bank of England to the 15th Annual European Finance Convention at The Conrad International Hotel in Brussels on 29 November.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan before the Euro 50 Group Roundtable, Washington, D.C., 30 November.
Notice from the Bank of Japan
NOTICE - The Bank of Japan has redesigned its web site, 3 December.
Bank of Japan Monetary Policy Meeting
NEWS RELEASE - Announcement of the Monetary Policy Meeting decisions, 29 November.
Thai bank supports action against ex-chief
THAILAND - Thailand's central bank has apparently endorsed plans to take punitive legal action against Rerngchai Marakanond, the institution's former governor, for exhausting the country's foreign exchange reserves to defend the baht against currency…
Argentina restrict amount of cash bank withdrawals
ARGENTINA - The Argentine government, desperate to stop a hemorrhaging of funds from the banking system, capped cash withdrawals from banks and limited the amount residents may transfer abroad.
Singapore finalising licences for foreign banks
MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.
Economic Chaos - Who's killing Argentina's Peso?
ARTICLE - Until recently, stable money and sound banking were the two pillars of an otherwise weak Argentine republic. As Argentina confronts its fourth year of recession and finds itself bankrupt, many are now blaming its monetary regime, which…
Greenspan says little doubt euro a sound currency
US - A belief that U.S. productivity, or output per worker, will continue to outstrip Europe's accounts for more robust demand for dollars over euros, Federal Reserve Chairman Alan Greenspan said in a speech on Friday.
BOE - Delivery/ payment system
UK - Bank of England Executive Director for Financial Market Operations, Ian Plenderleith, said Thursday the new delivery versus payment system for the settlement of securities trade in the U.K. was a success.
ECB post findings on how rate moves affect economy
GERMANY - Ordinary Europeans may quickly get used to the new euro notes and coins that begin circulating in a few weeks, but it may be years before the European Central Bank fully understands the functioning of the new economy created by the common…
Egyptian central bank cancels import restrictions
EGYPT - The Central Bank of Egypt said Monday it had cancelled import restriction proposals that were designed to protect the declining Egyptian pound and boost the sluggish economy.
Wim to face the music
GERMANY - The temperature is rising in the dispute over whether Wim Duisenberg will step down as president of the European Central Bank.
President appoints new Bank of Finland member
FINLAND - Finnish President Tarja Halonen on Friday appointed a surprise candidate to the Bank of Finland's board after an embarrassed government dropped the nominations of two veteran politicians.
BOJ to cut annual salary for executives by 0.4%
JAPAN - The Bank of Japan (BOJ) said Friday it will cut the annual salary of its executives for this fiscal year by 0.4% from the previous year.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer of the Federal Reserve Board before the National Association of Business Economics, St. Louis, Missouri, 27 November.
Speech by David Gruen of the RBA
SPEECH - Speech by David Gruen, Head of Economic Research at the Reserve Bank of Australia at the 2001 Comview Conference of the Victorian Commercial Teachers Association, Melbourne, 27 November.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Speech delivered by Prof. Eugenio Domingo Solans, member of the Governing Council and of the Executive Board of the European Central Bank (ECB), at the Chapelle des Brigittines, Brussels, 19 November.
Speech by Klaus Liebscher, Austrian central bank
SPEECH - Speech by Klaus Liebscher, Governor of the Oesterreichische Nationalbank, at the symposium "The role of international institutions in globalisation", Centre for the Study of International Institutions CSI, Innsbruck, 16 November.