Speech
Payment systems need more competition: RBA
The Reserve Bank of Australia remains concerned about the competitiveness of the country's payments system, despite improvements, said Philip Lowe, the assistant governor responsible for the financial system at the central bank.
OMOs have contributed to calm: Japan's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, praised the flexibility of the central bank's money market operations, which had contributed to the relative stability of the country's short-term funding market.
Tough rules have aided Spanish banks: Ordoez
The Bank of Spain's approach to supervision helped ensure that the recent global financial turmoil had limited impact on the country's banking sector, Miguel Fernandez Ordoez, the governor of the central bank, said.
SA Mboweni voices agflation fears
Agflation has serious implications for South Africa's poor and unemployed, Tito Mboweni, the governor of the country's Reserve Bank, stressed.
India's Thorat on the limits of financial literacy
Financial literacy can lead to informed and responsible consumers, but it cannot by itself ensure consumer protection, said Usha Thorat, a deputy governor at the Reserve Bank of India.
Keep a closer eye on money markets: Fed's Kohn
The recent financial market turmoil has shown that greater attention should be paid to money markets, Donald Kohn, the vice-chairman of the Federal Reserve, says.
FSF proposals require careful implementation
The Financial Stability Forum's (FSF) recommendations must be implemented in such a way that ensures financial systems becomes less prone to instability, Nout Wellink, the governor of the Netherlands Bank, comments.
Mboweni on the crunch
Tito Mboweni, the governor of the South African Reserve Bank, said "the fact that we have not had to be concerned about liquidity and financial stability issues has allowed the Bank to continue focussing on its objective of bringing inflation back to…
Fischer wants financial supervision
The current turmoil shows that the involvement of the central bank in the supervision of financial institutions should be extended and enhanced, said Stanley Fischer, the governor of the Bank of Israel.
Kroszner on Basel II
The recent turmoil in financial markets has highlighted the need for risk management improvements and the lessons from the crisis should help supervisors to further increase the effectiveness of the Basel II framework, said Randall Kroszner, a governor…
Noyer's gloomy outlook for policymakers
Central bankers are likely to face a tough challenge in balancing the risks to financial and price stability in the coming years, Christian Noyer, the governor of the Banque de France, said.
Don't just focus on rates: Japan's Shirakawa
Though the increased attention given to monetary policy is welcomed, other aspects of central banking should receive more publicity, said Masaaki Shirakawa, the governor of the Bank of Japan.
India's Reddy on the true aim of economic growth
The prospects for growth and stability in India are great, but greater are the challenges in fulfilling the very basic objectives of public policy, said Y.V. Reddy, the governor of the Reserve Bank of India.
Recovery requires more than Fed cuts: Warsh
Returning the economy to equilibrium requires actions more befitting than changes in the federal funds rate alone, noted Kevin Warsh, a governor at the Federal Reserve.
Central banks key to South Asian payment systems
Central banks must spark the development of South Asian payment systems, said Ranee Jayamaha, the deputy governor of the Central Bank of Sri Lanka.
Internal measures crucial for EU's economic growth
The EU needs to implement structural reforms and improve cost discipline to absorb negative external price shocks and support growth, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
IMF's Lipsky cautious on recent bout of calm
John Lipsky, the first deputy managing director of the International Monetary Fund, refused to call the end of the global turmoil in a speech on Tuesday.
Estonia's Lipstok on IMF's opinions
The Bank of Estonia agrees with the International Monetary Fund's view that economic conditions are testing public finances and flexibility, its governor said.
Riksbank's Ingves calls for regulatory revamp
Stefan Ingves, the governor of the Riksbank, wants a regulatory framework that combines the need to maintain stability and minimise costs to the public sector in the short term with long-term market discipline.
Fed's Pianalto defines inflation
Sandra Pianalto, the president of the Cleveland Federal Reserve, has clarified the difference between relative-price pressures and inflation.
Trichet's building blocks for eurozone success
Jean-Claude Trichet, the president of the European Central Bank (ECB), has highlighted four policies to reinforce the strength and performance of the euro-area economy.
NY Fed's Dudley on the crunch's causes
The recent market turmoil has been driven by two developments, says William Dudley, an executive vice president of the New York Federal Reserve.
Crisis shows need for capital cushions: Bernanke
The recent turmoil underscores the importance of generous capital cushions for protecting against adverse conditions in financial and credit markets, Ben Bernanke, the chairman of the Federal Reserve, noted.
Islamic finance must follow global codes
Islamic financial institutions must ensure that they comply with international best practices on supervision, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, has said.