Speech
Norway’s Olsen calls for shift in SWF investments towards EMEs
Norges Bank governor Øystein Olsen says decision to review investment strategy of government sovereign wealth fund is “advisable”
Sarb’s Marcus on the economist profession
South African Reserve Bank governor Gill Marcus says economists’ role in society included acting as a constraining voice on economic issues
BoE’s Tucker calls for ex-ante resolution for CCPs
Bank of England deputy governor Paul Tucker calls for further ex-ante measures to wind down failed central counterparties
France’s Noyer on failures of dealing with asset bubbles
Bank of France governor Christian Noyer admits to shortcomings in pre-crisis monetary policy framework towards asset-price bubbles
Mexico’s Carstens urges review of international bodies
Bank of Mexico governor Agustín Carstens says international bodies must regain their legitimacy by reviewing reform agenda
HKMA’s Chan allays concerns over marginalisation of HK dollar
Hong Kong Monetary Authority chief executive Norman Chan dismisses concerns Hong Kong dollar is being substituted by renminbi
ECB’s González-Páramo paints picture of post-crisis policy framework
European Central Bank executive board member José Manuel González-Páramo outlines new elements of the post-crisis financial system norms
RBA’s Battellino expects credit growth to remain subdued
Reserve Bank of Australia deputy governor Ric Battellino says credit growth expected to stay in single-digits
ECB’s Bini Smaghi warns of maturity mismatch from low interest rate environment
European Central Bank executive board member Lorenzo Bini Smaghi says low short-term interest rates risk are leading to over-leveraging in shadow banking
Bank’s Fisher explains low bank rate levels
Bank of England executive director for markets, Paul Fisher, says not much could have been done by central bank to address inflationary pressures
Boston Fed's Rosengren: clarity on Basel III capital buffers paramount
Boston Federal Reserve president Eric Rosengren says definition of capital in Basel III rules will be crucial in ensuring banks are well-capitalised in the event of future crises
Sweden’s Nyberg calls for reform to dollar funding
Riksbank deputy governor Lars Nyberg raises awareness on overdependence of banks on central bank reserves for foreign currency
CoCos will realign incentives of too-big-to-fail: SNB's Danthine
Swiss National Bank governing board member Jean-Pierre Danthine says measures requiring firms to hold contingent convertible capital will reduce moral hazard associated with too-big-to-fail
UK experiencing growth 'soft patch': BoE’s Bean
Bank of England deputy governor Charlie Bean says period of slow growth recorded in the UK would ultimately depend on demand forces
ESM will act as 'fire service' for euro area: ECB’s Constâncio
European Central Bank vice-president Vítor Constâncio says European Stability Mechanism will offer fire service in event of crises
Uganada’s Tumusiime-Mutebile on reforming debt markets
Bank of Uganda governor Emmanuel Tumusiime-Mutebile calls for greater participation of brokers in debt markets
Resolution regimes offer second line of defence: Sweden’s Ingves
Riksbank governor Stefan Ingves says resolution regimes should supplement macroprudential policy
Negative impacts of too-big-to-fail regulation “unfounded”: SNB’s Jordan
Swiss National Bank vice-chairman Thomas Jordan says Swiss economy will not be adversely affected by too-big-to-fail regulation
Asean countries no longer behind the curve: Singapore’s Menon
Monetary Authority of Singapore managing director Ravi Menon says Asean countries are no longer behind the curve on monetary policy
Interest rates can only dampen systemic risk: Norway’s Olsen
Norges Bank governor Øystein Olsen says interest rate rise could have dampening effect on build-up of systemic risks but price stability remains primary objective
Bernanke urges government to promote R&D
Federal Reserve chairman Ben Bernanke says government can support research and development by fostering better climate for private investment
IMF’s Lipsky considers yuan in future SDR
IMF first deputy managing director John Lipsky says renminbi is “serious candidate” for inclusion in special drawing rights
Malaysia’s Zeti urges more reforms to Islamic financial system
Bank Negara Malaysia governor Zeti Akhtar Aziz calls for further development of cross-border framework in Islamic financial system
Monetary policy, a fine balancing act: Sweden’s Ingves
Riksbank governor Stefan Ingves says policymakers must maintain balance between theory and practice in monetary policy decisions