Speech
HKMA’s Yue on offshore renminbi business in Hong Kong
Hong Kong Monetary Authority deputy chief executive Eddie Yue says development of offshore renminbi business will continue to boost Hong Kong financial services industry
ECB’s Constâncio: Basel III implementation must avoid unintended consequences
European Central Bank vice president Vítor Constâncio says implementation of Basel III will be no easy task
Canada’s Carney favours contingent capital solution to too big-to-fail
Bank of Canada governor Mark Carney says embedding contingent capital in all future issues of new debt will privatise losses
Fed’s Hoenig: US housing policy badly flawed
Kansas City Federal Reserve president Thomas Hoenig says government intervention in housing markets was counterproductive
PBoC’s Zhou wants enhanced macroprudential policy in China
People’s Bank of China governor Zhou Xiaochuan says macroprudential policy must keep pace with the country’s financial growth
Fed’s Warsh advocates pro-growth fiscal policy in US
Federal Reserve governor Kevin Warsh says pro-growth fiscal policy will spur long-term investment
Norges Bank’s Qvigstad: monetary policy boards can lead to groupthink
Norges Bank deputy governor Jan Qvigstad says independent monetary policy votes are subject to group pressure
Israel's Fischer: house prices pose threat to financial system
Bank of Israel governor Stanley Fischer says rising house prices could spur next financial crisis
Emerging markets must rethink exchange rate strategy: Thailand's Trairatvorakul
Bank of Thailand governor Prasarn Trairatvorakul says new era of globalisation will require changes to domestic policy
Philippines’ Tentangco on launch of new ATM project
Central Bank of the Philippines governor Amando Tetangco says new ATM project will create more compatibility
Bank of Italy’s Visco says Europe needs long term debt resolution plan
Bank of Italy deputy director general Ignazio Visco says successful fiscal consolidation in Europe will require voter backing
BoJ’s Shirakawa warns of spillovers from emerging markets
Bank of Japan governor Masaaki Shirakawa says financial excesses in emerging markets could lead to further global imbalances
Norway’s Gjedrem outlines new strategy for sovereign wealth fund
Norges Bank governor Svein Gjedrem says oil fund’s new investment strategy will include third asset class
Bank’s Tucker: Basel III not rigorous enough
Bank of England deputy governor Paul Tucker says framework will need to be supplemented
Bank Negara’s Zeti: international links key to Islamic finance
Bank Negara Malaysia governor Zeti Akhtar Aziz says growth in Islamic finance down to international cooperation
DSK: surplus countries can rebalance growth
IMF managing director Dominique Strauss-Kahn says addressing global imbalances requires shift in surplus countries’ growth drivers
Bundesbank’s Dombret calls for international effort to close information gaps
Bundesbank executive board member Andreas Dombret says international approach will address information gaps in shadow banking sector
Bank’s Tucker: all EU countries should have resolution regime
Bank of England deputy governor Paul Tucker calls for national resolution regimes
Korea’s Kim says volatile capital flows can be suppressed
Bank of Korea governor Kim Choong-soo says sound macroeconomic policies can mitigate volatile capital flows
Canada’s Carney: recovery to weaken
Bank of Canada governor Mark Carney forecasts subdued growth as economy enters next phase of recovery
Bolivia’s Tellería on central banks and regulation
Central Bank of Bolivia acting president Gabriel Loza Tellería says central banks must take part in prudential regulation; need new macroprudential mandate
Credit information could be misused, says Uganda’s Tumusiime-Mutebile
Bank of Uganda governor Emmanuel Tumusiime-Mutebile calls for law on credit data protection
IMF programme helped Iceland’s finances: Guðmundsson
Central Bank of Iceland governor Már Guðmundsson says gross foreign exchange reserves in much better shape after IMF programme
Basel III could have softened crisis: BIS's Caruana
Bank for International Settlements general manager Jaime Caruana says crisis could have been very different had Basel III framework been in place