Speech
ECB's Tumpel-Gugerell on five years of the euro
In a speech on 'Five Years of the Euro: Successes and New Challenges' given on 14 May, Gertrude Tumpel-Gugerell of the ECB said sharp swings in the foreign exchange value of the euro are having an impact on the eurozone economy.
Fed's Ferguson on the role of central banks
In a speech on 'The Role of Central Banks in Fostering Efficiency and Stability in the Global Financial System' given on 17 May, Roger Ferguson of the Federal Reserve said the Federal Reserve's dual responsibilities for ensuring economic stability and…
Trichet on the international role of the euro
In a speech on 'The international role of the euro' given on 14 May, Jean-Claude Trichet of the ECB said the position on currency developments spelled out in the last two G-7 communiques in February and April remains valid.
Greenspan on financial literacy
In a speech on 'Financial literacy' given on 13 May, Alan Greenspan of the Federal Reserve said in an increasingly complex economy, the skill level that you reach in your 20s will surely be inadequate for the needs of our economy when you reach 40. His…
Fed's Bies on U.S. - EU regulatory dialogue
In a speech on 'U.S. - EU regulatory dialogue' given on 13 May, Susan Schmidt Bies of the Federal Reserve said major US banks have more work ahead to get their internal risk management models up to standard for judging capital adequacy.
ECB's Issing on asset prices and monetary policy
In the speech 'Financial Integration, Asset Prices and Monetary Policy' given on 10 May Otmar Issing of the ECB said other central banks have started to give greater weight to asset price developments. The RBNZ is a point in case he said. This release…
Tumpel-Gugerell: ECB role in financial integration
In the speech 'The Role of the ECB in Financial Integration' given on 11 May Gertrude Tumpel-Gugerell of the ECB said the euro area offers opportunities to share risk and to allocate capital more efficiently to investment opportunities across all…
Fukui on economic growth and overcoming deflation
In the speech 'Achieving Sustainable Economic Growth and Overcoming Deflation' given on 13 May Toshihiko Fukui of the Bank of Japan said the BOJ will continue its extremely easy monetary policy in order to support private sector efforts to deal with…
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. Economic Outlook' given on 11 May Michael Moskow of the Chicago Fed said while the rate of U.S. inflation appears to be on the rise, the increase is not substantial enough to worry about. He also said the current degree of policy…
Santomero on monetary policy and the economy
In the speech 'Monetary policy and the economy' given on 11 May Anthony Santomero of the Federal Reserve Bank of Philadelphia said US monetary policy is unlikely to turn "restrictive" as the Federal Reserve raises interest rates at "a measured pace" in…
Bergstrom on monetary policy & economic stability
In the speech 'Monetary policy and economic stability' given on 12 May Villy Bergstrom of the Sveriges Riksbank said there are dangers associated with the large interest rate cut enacted at the start of April because of the already robust international…
Olson on the competitive edge of community banks
In the speech 'The competitive edge of community banks' given on 6 May Mark Olson of the Federal Reserve said the wave of consolidation in the U.S. banking industry hasn't led to the extinction of smaller banks.
Moskow on history of the Bank Structure Conference
In the speech 'The history of the Bank Structure Conference' given on 7 May Michael Moskow of the Federal Reserve Bank of Chicago said the mandate of the Conference has expanded to embrace nearly every regulatory, competitive, and strategic issue of…
Poole on Government Sponsored Enterprises
In the speech 'Panel on Government Sponsored Enterprises' given on 6 May William Poole of the Federal Reserve Bank of Chicago said the capital positions of Fannie Mae and Freddie Mac and their quasi-government status remain a lingering threat to…
Richmond Fed's Broaddus on competition in banking
In the speech 'Competition in Banking: Achieving the Right Balance' given on 6 May J. Alfred Broaddus of the Federal Reserve Bank of Richmond said policy-makers need to change perceptions that large banks will be bailed out if they get into financial…
Barron: Lowering barriers to cross-border payments
In the speech 'Lowering barriers to cross-border payments' given on 5 May Patrick Barron of the Atlanta Fed said we share a common goal to reduce international payment costs and provide banking services to millions of people who don't currently have bank…
Moskow's remarks to the Chicago Fed conference
In welcoming remarks to the 40th Annual Conference on Bank Structure and Competition given on 6 May Michael Moskow of the Chicago Fed said the conference provides a podium for the best new academic research on financial institutions, and a forum for…
Japan's Fukuma on economic & financial trends
In a speech on 'Recent Economic and Financial Developments' given on 25 March, Toshikatsu Fukuma of the Bank of Japan said in order for Japan to steadily regain the national wealth lost in the collapse of the bubble and to lay the foundations for future…
Fed's Bies: Financial innovation & risk management
In a speech on 'Financial Innovation and Effective Risk Management' given on 6 May, Susan Bies of the Federal Reserve said banks should take care to safeguard their reputations when considering whether to be involved in complex deals aimed at helping…
Trichet on the current state of EU banking sector
In a speech on 'The current state of the EU banking sector' given on 5 May, Jean-Claude Trichet of the ECB said a number of challenges remain both for banks and authorities, in particular, in the structural domain. Several EU countries are still faced…
Olson: The FOMC & the formation of monetary policy
In a speech on 'The Federal Open Market Committee and the Formation of Monetary Policy' given on 5 May, Mark Olson of the Federal Reserve said multiple policy objectives of maximum employment, price stability and moderate long-term interest rates make…
Fed's Greenspan on globalization and innovation
In a speech on 'Globalization and innovation' given on 6 May, Fed Chairman Alan Greenspan said continued globalization and innovation are helping reduce the dangers of a disruptive correction of the U.S. international trade imbalance.
Moskow on personal financial management
In the speech 'The Importance of Personal Financial Management' given on 27 April Michael Moskow of the Federal Reserve Bank of Chicago said new technologies and regulatory changes have allowed banks and other financial institutions to create many new,…
Fed's Bies on innovation in financial markets
In the speech 'Innovation in financial markets and banking relationships' given on 27 April Susan Bies of the Federal Reserve said the credit swap market must prevent inside information on lending customers leaking to trading desks. A credit swap…