Speech
HKMA's Yam on Basel II: Back to the future
In the speech 'Basel II: Back to the future' given on 4 February, Joseph Yam of the Hong Kong Monetary Authority said the new framework of capital adequacy standards for banks, issued by the Basel Committee on Banking Supervision, is an important step…
BoE's Lomax: Mon. stability matters to Merseyside
In the speech 'Why monetary stability matters to Merseyside' given on 24 February Rachel Lomax of the Bank of England said the Bank sees a rebound in household spending and may not be able to wait before increasing interest rates.
RBI's Udeshi on the pursuit of financial stability
In a speech on 'The pursuit of financial stability' given on 10 February, Smt. KJ Udeshi of the Reserve Bank of India said India's banking regulator will continue to focus greatly on financial stability, considering that the country is more vulnerable to…
Le Pan on the implementation of Basel II
In a speech on 'Implementation of Basel II' given on 1 February (published 11 February) Nicholas Le Pan of the Basel Committee said that as we approach each issue of implementing Basel II - when, how and so on - it is important to keep in mind not only…
BoE's Bean: Monetary policy in an uncertain world
In a speech on 'Monetary policy in an uncertain world' given on 22 February, Charles Bean of the Bank of England said that uncertainty is an ever-present feature of the economic landscape that monetary policy makers cannot escape.
SNB's Hildebrand on the hedge fund industry
In a speech on 'Developments in the Hedge Fund industry' given on 4 February, Philipp Hildebrand of the Swiss National Bank said hedge funds have been an important source of innovation in the asset management industry. They have rendered financial…
Hurley: Ireland's & Europe's economic performance
In the speech 'Some perspectives on Ireland's and Europe's economic performance' given on 28 January, John Hurley of the Central Bank and Financial Services Authority of Ireland warned about competitiveness threats to both the Irish and European…
BIS's Sleeper: How cbs manage their finances
In a speech 'How central banks manage their finances' given on 18 February, Robert Sleeper of the BIS said the fact that central banks are increasingly taking risks in an attempt to improve the return on their reserves raises the question of whether or…
Sweden's Persson: monetary policy in low inflation
In a speech on 'Monetary policy in a low-inflation economy' given on 18 February, Kristina Persson of the Sveriges Riksbank said international economic activity is expected to continue to strengthen and resource utilisation in the world economy to become…
IMF's Rato on Latin America in the global economy
In a speech on 'Latin America in the global economy - Challenges and opportunities' given on 4 February, Rodrigo de Rato of the International Monetary Fund said global growth should remain robust in 2005 although at a slightly slower pace than a year…
Fazio on outlook for the global economy and Italy
In a speech on 'The outlook for the global economy and Italy' given on 12 February, Antonio Fazio of the Bank of Italy said the ECB has left interest rates at two per cent "given the expectation of inflation returning below 2pc and the still uncertain…
Fundanga on relations with the Embassy of France
In a speech on 'Relations between the Embassy of France and the Bank of Zambia' given on 18 January Dr Caleb M Fundanga of the Bank of Zambia said for some time now, our two institutions have been collaborating closely on the details of this MoU to…
RBA's Macfarlane on prospects for the economy
In a speech given on 18 February Ian Macfarlane of the Reserve Bank of Australia said looking ahead, we forecast gradual rises in underlying inflation, with it reaching 2.5 per cent by end 2005 and 3 per cent by end 2006.
Canada's Dodge: Monetary policy & exchange rates
In a speech on 'Monetary policy and exchange rate movements' given on 17 February, David Dodge of the Bank of Canada said that in conducting monetary policy, the Bank analyses movements in the Canadian dollar in the context of economic and financial data…
Canada's Kennedy on household debt
In a speech on 'Getting a perspective on household debt: Separating myth from reality' given on 15 February, Sheryl Kennedy of the Bank of Canada examines the likely implications of the rising debt burden of Canadian households.
HKMA's Chan on developing Hong Kong's debt market
In a speech at the cocktail reception of HKCMA Forum 2005 given on 26 January, Norman Chan of the Hong Kong Monetary Authority said that over the years the HKMA has been working closely with the Hong Kong Capital Markets Association in developing the…
IMF's Krueger: How stable is the global economy?
In the speech 'How stable is the global economy?' given on 11 February, Anne Krueger of the International Monetary Fund said economic policy makers around the world should act now to slow inflation and improve the flexibility and resiliency of the global…
SNB's Tornare on technical aspect of new banknotes
In a speech on 'Technical aspects of a new banknote series' given on 2 February, Roland Tornare of the Swiss National Bank said the design of banknotes has to meet various requirements. The banknotes must guarantee a high degree of security and satisfy…
PNG's Kamit on liberalisation of forex controls
In a speech on 'Central bank initiatives - liberalisation of foreign exchange control' given on 7 December (published 26 Jan), L Wilson Kamit of the Bank of Papua New Guinea said that the liberalization of foreign exchange controls is one more step…
Launch of Malaysia's Financial Mediation Bureau
In a speech given on 20 January Dr Zeti Akhtar Aziz of the Central Bank of Malaysia said the scope of the Financial Mediation Bureau has been expanded to cover Islamic banks and development financial institutions, as well as selected payment system…
Bernanke on inflation in Latin America: A new era?
In the speech 'Inflation in Latin America: A new era?' given on 11 February, Ben Bernanke of the Federal Reserve said he could not gauge the chances for the Fed adopting a numerical target for inflation.
SF Fed's Yellen on the U,S. economic outlook
In a speech on 'The U.S economic outlook' given on 11 February, Janet Yellen of the Federal Reserve Bank of San Francisco said the U.S. economy is on track for sustainable above-trend growth, and with monetary policy still accommodative, interest rates…
Zhou on corporate governance & capital markets
In a speech 'Improve corporate governance and develop capital market' given on In the speech 'Improve corporate governance and develop capital market' given 1 December (published 28 Jan), Zhou Xiaochuan of the People's Bank of China said the development…
New York Fed's Geithner on the US economy
In a speech given on 9 February Timothy Geithner of the Federal Reserve Bank of New York said growing imbalances hang over the world economy maintaining low inflation is "vital" to ensure policy makers have the tools to handle potential shocks.