Speech
HKMA’s Chan reviews merits of universal banking
Hong Kong Monetary Authority chief executive Norman Chan says central bank will take balanced approach to universal banking
Spain’s Ordóñez on how to reap benefits from stress tests
Bank of Spain governor Miguel Fernández Ordóñez says stress tests helped increase transparency in banking sector
Turkey’s Yılmaz on liquidity management
Central Bank of Turkey governor Durmuş Yılmaz on liquidity management issues in Islamic finance
RBI’s Chakrabarty on purpose-based lending
Reserve Bank of India deputy governor Kamalesh Chandra Chakrabarty discusses benefits of move from security-based lending to purpose-based lending in 1960s
RBI’s Gokarn on inflation growth tradeoff
Reserve Bank of India deputy governor Subir Gokarn says sustainability of growth will require controlling inflation
Europe’s future hinges on member states’ commitment to EMU: Trichet
European Central Bank president Jean-Claude Trichet says tackling monetary union issues will determine historical trajectory of Europe
Riksbank’s Ekholm explains dissent against rate hike
Riksbank deputy governor Karolina Ekholm says interest rate rise could dampen growth prospects via stronger krona
Israel’s Fischer outlines ten lessons to remember in a crisis
Bank of Israel governor Stanley Fischer delivers advice to policymakers on how to approach a crisis
Uncertainty clouds US labour market: NY Fed’s Dudley
New York Federal Reserve president William Dudley says there are conflicting signals over state of US labour market
Philly Fed’s Plosser calls for explicit inflation target
Philadelphia Federal Reserve president Charles Plosser says adoption of explicit inflation target will help Fed retain credibility during normalisation of policy
Norway’s Olsen on regulatory overhaul of financial system
Norges Bank governor Øystein Olsen says regulatory overhaul of Norwegian financial markets will aid financial stability
BoE's Fisher considers zero corridor monetary operation
Bank of England executive director of markets Paul Fisher investigates alternative monetary operation frameworks
Bini Smaghi on growth benefits of larger bank capital
European Central Bank executive board member Lorenzo Bini Smaghi says higher capital buffers essential to growth objective
Forecasting under uncertainty: Bank's Weale
Bank of England external Monetary Policy Committee member Martin Weale examines difficulty of forecasting during uncertainty
RBI’s Gokarn on financial inclusion strategies
Reserve Bank of India deputy governor Subir Gokarn says banks should consider inclusion-oriented products and services as part of strategy
Chile’s De Gregorio denies currency war claims
Central Bank of Chile governor José De Gregorio dismisses speculation of a currency war between advanced and emerging countries
Zambia’s Fundanga on effects of illegal cross-border trade on monetary policy
Bank of Zambia governor Caleb Fundanga says small-scale cross-border trade could interrupt monetary policymaking
Canada’s Boivin on global competitiveness
Bank of Canada deputy governor Jean Boivin urges Canada’s exporters to regain global competitiveness
RBA’s Edey calls for more debate on regulating cross-border banking
Reserve Bank of Australia assistant governor Malcolm Edey urges further debate on internationalisation of banking industry
HKMA’s Pang says Chiang Mai crucial to maintaining financial stability
Hong Kong Monetary Authority deputy chief executive Peter Pang says Chiang Mai agreement central to safeguarding financial stability
Fed’s Duke: recession placed burden on households
Federal Reserve Board of Governors member Elizabeth Duke says recession placed significant pressure on households’ wealth
Danthine defends SNB FX intervention
Swiss National Bank governing board member Jean-Pierre Danthine says foreign exchange intervention was necessary to avoid deflationary risks
RBNZ’s Bollard plays down benefits of macroprudential tools
Reserve Bank of New Zealand governor Alan Bollard says expectations that macroprudential instruments will bolster financial system must be realistic
Finland’s growth to dampen: Liikanen
Bank of Finland governor Erkki Liikanen says central bank forecasts economic recovery to slow next year