Speech
IMF's Carstens on anti-money laundering
In a speech on 'Anti-Money Laundering and Combating the Financing of Terrorism: The Challenges Ahead' given on 4 June, Agustin Carstens of the IMF said since global efforts to combat AML/CFT began in the early 1990's, there have been many successful…
Olson on banking insurance & securities activities
In a speech on 'Regulatory update: Banking industry, insurance, and securities activities' given on 10 June, Mark Olson of the Federal Reserve said the U.S. system of risk-focused bank supervision relies heavily on cooperation among multiple state and…
ECB's Issing on the primacy of price stability
In a speech 'On the primacy of price stability' given on 10 June. Otmar Issing of the ECB said the primacy of price stability does not imply that this objective can be left to the central banks alone. Monetary policy needs to be complemented by a sound…
NY Fed's Geithner on Bretton Woods Institution
In a speech on 'The Bretton Woods Institutions in the 21st Century' given on 10 June, Timothy Geithner of the New York Fed said the IMF has taken a number of important steps to make its financial instruments more effective for dealing with the challenges…
NY Fed's Geithner on risk management
In a speech on 'The changing face of risk management' given on 9 June, Timothy Geithner of the New York Fed said U.S. financial markets are well prepared for a gradual rise in official interest rates and should not be stressed when the Federal Reserve…
Ireland's Hurley on the role of the central bank
In a speech on 'The role of the central bank and the current issues being considered by the Financial Services Regulator' given on 1 June, John Hurley of the Central Bank and Financial Services Authority of Ireland put the role of the Central Bank in…
Denmark's Andersen: Common or separate currencies?
In a speech on 'A common currency or separate currencies?' given on 25 May, Bodil Nyboe Andersen of the National Bank of Denmark said monetary and foreign-exchange issues should therefore be approached with caution by the authorities. If a change is to…
Japan's Muto on the cyclical recovery
In a speech on 'What lies beyond this cyclical recovery?' given on 7 June, Toshiro Muto of the Bank of Japan said Japan's economy is still facing many challenges, particularly in the long run. On the other hand, prospects of a continued economic recovery…
Challenges to the Swiss financial center
In a speech on 'Facts and challenges to the Swiss financial center' given on 3 June, Philipp Hildebrand of the Swiss National Bank said the financial sector is a critical contributor to the vitality and resilience of the Swiss economy. Defending and…
Norway's Gjedrem on inflation targeting
In a speech on 'Inflation targeting - some theory with main focus on practice' given on 8 June, Svein Gjedrem of Norges Bank said Norges Bank placed increasing emphasis on low and stable inflation and a formal inflation target for monetary policy was…
Dallas Fed's McTeer: Topspin
In a speech on 'Topspin' given on 30 May, Bob McTeer of the Federal Reserve Bank of Dallas said we are all very lucky to be part of an economy still based largely on the economic and political ideals of Adam Smith and Thomas Jefferson. That ideal being…
Fed's Kohn on the outlook for inflation
In a speech on 'The Outlook for Inflation' given on 4 June, Donald Kohn of the Federal Reserve said that the inflation in the United States will remain modest despite a hike in energy prices.
Germany's Weber on financial stability
In a speech on 'Financial Stability and Globalisation' at the Second Conference of the Monetary Stability Foundation given on 3 June, Axel Weber of the Bundesbank said it is his wish that the conference will ultimately help to improve understanding of…
SNB's Roth on the creation of the euro
In a speech on 'The Creation of the Euro and the New International Monetary Order: A View from Switzerland' given on 4 June, Jean-Pierre Roth of the Swiss National Bank said the introduction of the euro has been a very positive development for the…
RBA's Macfarlane sees growth close to 4 percent
In his opening statement to the House of Representatives Standing Committee given on 4 June, Ian Macfarlane of the RBA said that the Australian economy was set to grow by 3.75 percent in 2004 and signalled the Reserve Bank was "comfortable" with interest…
Trichet on financial stability & structural change
In a speech to the Second Conference of the Monetary Stability Foundation given on 3 June, Jean-Claude Trichet of the ECB said faced with new developments in the financial markets, namely, their increasingly large role and their integration across…
Bergstrom on risks for the Swedish economy
In a speech on 'Risk of "golden parenthesis" for the Swedish economy' given on 3 June, Villy Bergstrom of the Sveriges Riksbank said if the foundations are not laid for boosting employment and long-term capital formation the currently favourable period…
Fed's Bies on accountancy reform
In a written statement on IASB reform given on 3 June, Susan Schmidt Bies of the Federal Reserve said the Federal Reserve strongly supports efforts to enhance the oversight activities of the IASCF and the standards-setting processes of the IASB. Such…
RBI's Udeshi on the role of central bankers
In a speech on the 'Role of Central Bankers in Emerging Economy like India' given on 19 March, Kishori Udeshi of the RBI said the life of a central banker is one of anonymity, staid and boring. It is only in moments when the going is tough that central…
Caruana on Basel II - a new approach
In a speech on 'Basel II - a New Approach to Banking Supervision' given on 1 June, Jaime Caruana of the Bank of Spain said Basel II is an important step in embracing a new, incentives-based approach to supervision. In the speech Caruana discusses how it…
Fed's Bies on Bank Secrecy Act enforcement
In testimony on 'Bank Secrecy Act enforcement' given on 3 June, Susan Schmidt Bies of the Federal Reserve said the Federal Reserve has expanded its anti-money laundering program "dramatically" in the last 10 years and urged U.S. banks to take steps to…
RBA's Stevens on economic conditions and prospects
In a speech on 'Economic conditions and prospects: June 2004' given on 2 June, Glenn Stevens of the Reserve Bank of Australia said Australia's economy was still growing comfortably but at a slower rate than the unsustainable pace of late 2003.
Trichet on Eurozone reforms and growth
In a speech on 'Structural reforms and growth, as highlighted by the Irish case' given on 31 May, Jean-Claude Trichet of the ECB said governments of the twelve euro countries could help boost consumer confidence by increasing efforts to cut their budget…
Canada's Kennedy on capital markets
In a speech on 'Canada's Capital Markets: How Do They Measure Up?' given on 27 May, Sheryl Kennedy of the Bank of Canada compares the efficiency of Canada's capital markets with those in other countries. She concludes with a discussion of monetary policy…