Speech
Iceland’s Sighvatsson calls for gradual removal of capital controls
Central Bank of Iceland deputy governor Arnór Sighvatsson says removal of capital controls in Iceland depends on investment in export sectors
Thailand’s Bandid on macroprudential policy
Bank of Thailand deputy governor Bandid Nijathaworn stresses need to distinguish macroprudential policy from capital controls; points to difficulty in identifying triggers
Uganda’s Tumusiime-Mutebile on driving investment growth
Bank of Uganda governor Emmanuel Tumusiime-Mutebile says capital market deepening and responsive regulation key to expanding country’s investment potential
RBA’s Stevens: Australia must show greater interest in Asian policy
Reserve Bank of Australia governor Glenn Stevens says Australia must appreciate regional partners
NY Fed’s Dudley explains weakness of economic recovery
New York Federal Reserve president William Dudley says recovery depends on housing and consumption boost
IMF’s Portugal identifies key information gaps
IMF deputy managing director Murilo Portugal lays out areas for improvement in filling information gaps
Minneapolis Fed’s Kocherlakota: QE exposes taxpayers to risk
Minneapolis Federal Reserve president Narayana Kocherlakota discusses negative impact of quantitative easing on taxpayers
Atlanta Fed’s Lockhart favours more explicit inflation target
Atlanta Federal Reserve president Dennis Lockhart says more explicit target will better anchor inflation expectations
RBA’s Ellis: no single best organisational framework for regulation
Reserve Bank of Australia head of financial stability department Luci Ellis says regulators’ organisational structure less important than ability to respond to financial distress
BoJ’s Nishimura favours dual approach to monetary policy
Bank of Japan deputy governor Kiyohiko Nishimura says provision for credit expansions in monetary policy provides degree of flexibility in policy options
BoE’s Fisher: further QE a possibility
Bank of England rate-setter Paul Fisher says central bank could provide stimulus should conditions warrant it
Yilmaz: Turkish economy booming
Central Bank of the Republic of Turkey governor Durmuş Yilmaz says growth in Turkey outpaced most emerging markets in second quarter
ECB’s Bini Smaghi: vital to acknowledge structural flaws
European Central Bank executive board member Lorenzo Bini Smaghi says politicians risk underestimating the need for structural reform
Malaysia’s Ibrahim: bank cooperation key to regulatory reforms
Bank Negara Malaysia’s Muhammad bin Ibrahim says successful implementation of regulatory reforms requires cooperation with banks
Riksbank’s Wickman-Parak: crisis days are over
Riksbank deputy governor Wickman-Parak says central bank can return to conventional monetary policy following convincing economic recovery
Pakistan’s Shehzad: corruption burdens banking sector
State Bank of Pakistan deputy governor Muhammad Shehzad discusses central bank’s campaign against corruption
Central banks should not get accustomed to QE: France’s Noyer
Banque de France governor Christian Noyer says central bank intervention was essential during crisis but should not be perceived as regular practice
NY Fed’s Dudley backs Basel III
New York Federal Reserve president William Dudley says Basel III will capture risk better than pre-crisis standards
RBI’s Subbarao: trade between EMEs’ should be exploited
Reserve Bank of India governor Duvvuri Subbarao says developing world can secure prosperity by focusing on trade with other emerging markets
PBoC’s Zhou calls for labour market reforms in advanced economies
People’s Bank of China governor Zhou Xiaochuan says labour reforms will help developed countries return to balanced growth
BIS’s Caruana says central banks have pivotal role in regulation
Bank for International Settlements general manager Jaime Caruana says central banks are best placed and have the necessary expertise to regulate markets
BIS’s Cecchetti on benefits of phasing in Basel III
Bank for International Settlements economic adviser Stephen Cecchetti says stronger capital requirements will be easier to swallow if phased in with new ratios
BoK’s Kim: Asia needs stronger domestic demand
Bank of Korea governor Kim Choongsoo says domestic demand can aid structural imbalances in Asia
RBI’s Gokarn identifies emerging inflation risks
Reserve Bank of India deputy governor Subir Gokarn says changing dietary habits are driving up food prices