Speech
BoE’s Jenkins discusses threats to financial system
Financial Policy Committee member considers dangers facing the global financial system; says future interventions to stabilise cross-border capital flows are likely
Norwegian governor discusses fund risk rebalancing
Øystein Olsen considers need for pension fund to rebalance its portfolio in response to changing risk; argues that rebalancing is justified
Romanian governor examines monetary policy transitions
Mugur Isărescu considers changes to Romanian monetary policy in response to changing economic environment; says policy requires an understanding of theory but must be grounded in economic reality
New Zealand’s McDermott emphasises inflation targeting success
Reserve Bank of New Zealand assistant governor highlights success of central bank’s inflation targeting policy; says there is still room for improvement
Albania’s Fullani calls for greater co-operation with Europe
Ardian Fullani urges European policy-makers to pay greater attention to policy impact on aspiring members; emphasises that internal policies are also essential for stability
BoJ’s Shirai considers eurozone impact on Japan
Sayuri Shirai examines eurozone crisis and discusses impact on Japan; sets out three main channels through which the economy is affected
Riksbank’s Ingves considers bank regulation lessons
Stefan Ingves discusses banks’ role in financial crisis; warns of 'delay and lingering uncertainty' in European banking reform efforts
HKMA’s Chan on Hong Kong as private banking hub
Norman Chan says Hong Kong is 'exceptionally well-placed' to become leading Asian private banking hub; warns that regulatory framework cannot afford to remain static
Shirakawa calls for stronger trans-Pacific links
Masaaki Shirakawa delivers speech encouraging countries to strengthen economic ties across the Pacific; describes stronger links as a “win-win” situation
BoE’s Tucker discusses credit market lessons
Bank of England deputy governor Paul Tucker considers lessons learned from credit boom and bust; urges careful assessment of policies by monetary authorities
Bank of Korea governor on adaptation to global environment
Choongsoo Kim delivers speech arguing that central bank must adapt to global economic environment; highlights importance of growing policy interdependence
Irish deputy assesses Solvency II implementation in Bermuda
Matthew Elderfield examines application of Solvency II regulations to Bermudan insurance market; says Bermuda is making “extremely good progress” towards compliance
Sarb governor discusses response to economic risks
Gill Marcus examines economic risks facing South African economy; says employment target should not be included in bank’s mandate
RBA governor positive about Australian economy
Glenn Stevens optimistic about Australian economy; warns however against attempts to “engineer a return to the boom”
Albanian governor discusses monetary policy decision
Bank of Albania governor Ardian Fullani describes mixed economic outlook; central bank keeps rates unchanged at 4.25%
BoE’s Haldane criticises financial models
Andrew Haldane argues that use of normal distributions in many financial models seriously underestimates risk
Fed’s Tarullo calls Dodd-Frank reforms a 'formidable task'
Daniel Tarullo examines Dodd-Frank Act financial reforms; says implementation remains a “formidable task”
MAS managing director on challenges to Islamic finance
Managing director of the Monetary Authority of Singapore, Ravi Menon, highlights challenges facing Islamic finance sector; emphasises need to adapt to changing global environment
RBI’s Chakrabarty explores financial education in emerging markets
Deputy governor of the Reserve Bank of India discusses importance of financial education in emerging markets; says raised savings rate a “necessary condition” for double-digit growth
Shirakawa discusses BoJ monetary policy
Governor of Bank of Japan considers central bank’s monetary policy stance and explains the rationale behind recent policy decisions
Finland board member considers changing role of central banks
Member of the board of the Bank of Finland examines changes in the role of central banks after the financial crisis; highlights greatly expanded demands
Israel’s Fischer advocates growth strategy in eurozone
Governor of Bank of Israel discusses eurozone crisis; says countries need not start fiscal consolidation immediately and should concentrate on growth
Finland’s Liikanen discusses causes of youth unemployment
Bank of Finland governor examines causes of youth unemployment in Europe; says labour market functioning will be important determinant of recovery speed
Swiss central bank board member explains unique situation
Jean-Pierre Danthine examines SNB’s unusual monetary policy situation; says impact of unconventional measures should not be overestimated