Speech
Japan must take active role in regulatory revamp
Japan should be prepared to play an active part in the discussions over a new international system of financial regulation, said Atsushi Mizuno, a member of the Bank of Japan's Monetary Policy Council.
Barbados' Williams: watch conglomerates
There is further room for improvement in conglomerate supervision, said Marion Williams, the governor of the Central Bank of Barbados.
Fed's Hoenig criticises Tarp
Thomas Hoenig, the president of the Kansas City Federal Reserve, has criticised the Troubled Assets Relief Programme (Tarp) for its lack of a clear set of principles and said that its implementation appears ad hoc and opaque in dealing with banks judged…
RBI's Gopinath on CRAs
Capital requirements that are based solely on credit ratings will need to be replaced by a more granular and nuanced approach, said Shyamala Gopinath, a deputy governor of the Reserve Bank of India.
NY Fed's Dudley: deleveraging not over
The deleveraging process in the global financial system is still far from complete, said William Dudley, the president of the New York Federal Reserve.
Kenya needs an FSA - Nyangito
Kenya's policymakers should begin thinking about the establishment of a single financial regulator along the lines of Britain's Financial Services Authority, said Hezron Nyangito, the deputy governor of the Central Bank of Kenya.
ECB's Bini Smaghi: go easy with easing
It is unsound to ease monetary policy too much too soon, even when insuring against the worst-case deflationary scenario, said Lorenzo Bini Smaghi, a member of the European Central Bank's executive board.
AIG loan difficult and uncomfortable: Fed's Kohn
The Federal Reserve's rescue of American International Group has entailed very difficult and uncomfortable decisions for a central bank, Donald Kohn, the vice-chairman of the Fed, told Congress on Thursday.
Crisis impacting low-income countries: DSK
Third wave of the crisis is hitting low-income countries, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF).
Nigeria's Soludo: adjustment an opportunity
Charles Soludo, the governor of the Central Bank of Nigeria, has said that exchange-rate adjustment is an opportunity.
Stimulus won't work without stability: Bernanke
President Barack Obama's fiscal stimulus is unlikely to have the desired effect unless the financial system stabilises, Ben Bernanke, the chairman of the Federal Reserve, told lawmakers on Tuesday.
Finance must attract top talent: Zambia's Fundanga
Caleb Fundanga, the governor of the Bank of Zambia, has said the country must encourage its brightest prospects to pursue a career in finance in light of the economic challenges that the country is likely to face.
Cut out the toxic assets: Fed's Rosengren
Banks' toxic assets urgently need to taken off their balance sheets, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Austria's Nowotny assesses banks' health
Austrian banks have little exposure the American subprime market, but they have been indirectly affected by the credit crisis, Ewald Nowotny, the governor of the National Bank of Austria, has said.
New Zealand will suffer, says Bollard
New Zealand's economy has its strengths but it will not escape unscathed from the global crisis, Alan Bollard, the governor of the Reserve Bank of New Zealand, has warned.
Reducing foreclosures essential - Fed's Duke
We need to strengthen and augment our efforts to reduce preventable foreclosures, said Elizabeth Duke, a governor at the Federal Reserve.
BoE's Blanchflower: employment needs fiscal boost
There is now a case for a large fiscal package aimed at boosting employment, said David Blanchflower, an external member of the Bank of England's Monetary Policy Committee.
Austria's Nowotny - no EU lead supervisor please
Creating a pan-European supervisor to deal with the monitoring of individual firms would not be the right way to develop the European Union's supervisory regimes, said Ewald Nowotny, the governor of the Austrian National Bank.
Framework for defaults required - BoJ's Shirakawa
The framework to deal with troubled financial institutions needs to be better developed, said Masaaki Shirakawa, the governor of the Bank of Japan.
CNB's Tuma not keen on bursting bubbles
Whether monetary policy to react to changes in asset prices still remains questionable, said Zdenek Tuma, the governor of the Czech National Bank.
HKMA's Yue woos Islamic finance investors
Hong Kong can make significant contribution to the global Islamic finance market, said Eddie Yue, a deputy chief executive of the Hong Kong Monetary Authority.
Canada has a tough year ahead - Jenkins
The year ahead will be a difficult one for Canada, said Paul Jenkins, the senior deputy governor of the country's central bank.
FSF’s Draghi on macro-prudential supervision
Every financial institution capable of creating systemic risk will be subject to supervision, Mario Draghi, the governor of the Bank of Italy and the chairman of the Financial Stability Forum, has warned.
Gjedrem calls for higher capital requirements
New and higher capital requirements must be imposed on banks, said Svein Gjedrem, the governor of Norges Bank.