Speech
HKMA's Topping on latest perspective on Basel II
Speech by Simon Topping, Executive Director, Banking Policy, Hong Kong Monetary Authority at the City University of Hong Kong Professional Seminar on Latest Perspective on Basel II, 19 July 2004.
MAS's Palmer on Basel II and beyond
In a speech on 'Basel II and beyond' given on 12 July, John Palmer of the Monetary Authority of Singapore said we should not look at the release of the final version of Basel II as the end of the process to set more risk-sensitive capital adequacy…
PBOC's Ning on China's economic development
In a speech on 'China's economic development and the current macroeconomic policy' given on 9 June, Su Ning of the PBOC said China's exchange rate reform is still underway. In light of China's current stage of economic development, performance of the…
Fed's Bies on risk management
In a speech on 'Using Enterprise-wide Risk Management to Effectively Execute Business Strategies' given on 16 July, Susan Schmidt Bies of the Federal Reserve said credit cards and bank overdraft protection are drawing the attention of regulators because…
Fed's Bies on business financial conditions
In a speech on 'Business financial conditions and relationships with bankers' given on 15 July, Susan Schmidt Bies of the Federal Reserve said the economic expansion is now broad based, and the financial strength of businesses should help provide the…
BoJ's Monetary Policy Meeting Minutes, 14/15 June
The Bank of Japan released the minutes from its 14 and 15 June Monetary Policy Meeting on 16 July. Members said that many economic indicators released since the previous meeting were relatively strong for Japan, and agreed that the economy continued to…
Austria's Liebscher on Bretton Woods institutions
In a speech on 'The importance of the Bretton Woods institutions for small countries' given on 21 June, Klaus Liebscher of the Austrian National Bank said he is a firm believer in the value of the Bretton Woods Institutions for the global economy as a…
Eastern Caribbean Central Bank- Annual Report 2003
In a speech on the 2003/04 Annual Report 'A broadbrush picture of the Eastern Caribbean Central Bank' given on 21 June K Dwight Venner of the Eastern Caribbean Central Bank said the year 2003/2004 was a very challenging, but productive year. The Bank…
Hildebrand on the new investment policy of the SNB
In a speech on 'The new investment policy of the Swiss National Bank' given on 17, June Philipp Hildebrand of the Swiss National Bank said the management of the monetary reserves has gained in importance. The National Bank Act requires the National Bank…
HKMA's Yam on the case for an Asian Bond Market
In a speech on 'The Case for an Asian Bond Market' given on 8 July, Joseph Yam of the HKMA said collectively and individually, central banks and governments are making good progress on a variety of initiatives aimed at reducing barriers, building…
SARB's Mboweni at the University of Pretoria
In a speech given on 8 July Tito Mboweni of the South African Reserve Bank emphasised that the bank has a vision of responsible and effective monetary policy formulation and continually strives to be an institution of excellence and innovation.
IMF's Rato at the conference on Central America
In a speech given on 9 July Rodrigo Rato of the IMF said that "our research has clearly shown that small open economies benefit enormously from globalization, as long as they are well prepared for it. In particular, we have found that poverty declines in…
Park: Korea's fast changing economic environment
In a speech on 'Swiftly changing economic environment in Korea' given on 3 June, Dr Seung Park of the Bank of Korea said the hollowing-out of manufacturing may well appear threatening to the Korean economy in certain respects and in the short term…
Trichet: The current state of the European economy
In a speech on 'The current state of the European economy and the ECB's monetary policy concept' given on 9 July, Jean-Claude Trichet of the ECB said it has only been possible to achieve low levels of market interest rates in the eurozone because of the…
Fukui on the Bank of Japan's Semiannual Report
In a speech concerning the Bank's Semiannual Report on Currency and Monetary Control given on 9 June (published 8 July), Toshihiko Fukui of the Bank of Japan said Japan's economy is expected to continue recovering as it gains further momentum gradually…
Caruana at the 'Basel Sessions 2004'
In a speech at the 'Basel Sessions 2004' given on 6 July, Jaime Caruana of the Bank of Spain said the recent publication of the text of Basel II marks the end of an important phase in our work. "But, let me repeat T.S. Eliot's words that to make an end…
ECB's Issing on sustained economic growth
In a speech on 'Sustained economic growth and central banking' given on 6 July, Otmar Issing of the ECB said central banking activities can impact on longer run growth through a number of potential channels. These include the role of central banks in…
Fukui on the state of Japan's economy
In a speech given on 5 July, Toshihiko Fukui, governor of of the Bank of Japan said that Japan's ongoing economic recovery is becoming broad-based as a result of structural adjustments.
Reddy on financial stability: Indian experience
In a speech on 'Financial stability: Indian experience' given on 27 June, Dr YV Reddy of the Reserve Bank of India said in the context of ongoing reforms in the financial sector in India, the regulatory regime has also undergone certain fundamental…
BoE's Lomax on reasons for raising interest rates
In a speech given on 1 July, Rachel Lomax of the Bank of England said that "the UK emerged from the slowdown in the world economy with less slack than other economies. That is the key reason why we were the first to start raising interest rates".
Trichet and Caruana on Basel II
The BIS published on 1 July the opening remarks by Jean-Claude Trichet and Jaime Caruana at the press conference announcing the publication of Basel II, held on 26 June.
Fukui at BOJ representative office centenary event
In a speech given on 29 June at the reception for the centenary of the Bank of Japan Representative Office in London, Toshihiko Fukui of the Bank of Japan said the imminent objective for the Bank of Japan to open an office in London 100 years ago was to…
Trichet on European financial sector integration
In a speech on 'Integration of the European Financial Sector' given on 29 June, Jean-Claude Trichet of the ECB said the financial system plays an essential role in the transmission of monetary policy and integrated European financial markets facilitate…
Sweden's Srejber: asset prices in monetary policy
In a speech on 'What role do asset prices and credit play in monetary policy' given on 30 June, Eva Srejber of the Sveriges Riksbank said the economic costs in the shape of sharp fluctuations in demand are likely on average to be higher if the central…