Speech
Greenspan on corporate governance
In the speech 'Corporate governance' Alan Greenspan of the Federal Reserve said the benefits of derivatives, in his judgment, have far exceeded their costs. But they do, unquestionably, pose risk-management challenges to market participants. But those…
Rutledge on Implementing the New Basel Accord
In the speech 'Implementing the New Basel Accord' William Rutledge of the Federal Reserve Bank of New York said that effective supervision of modern banking organisations will necessarily entail a closer and more cooperative partnership between industry…
Moskow on open markets and expanded trade
In the speech 'Open Markets and Expanded Trade' Michael Moskow of the Federal Reserve Bank of Chicago said he accepts the consensus view among economists that there's a relationship between globalization and prosperity. But agreement or disagreement on…
Cathy Minehan on the economic outlook
In a speech to the Vermont Economic Outlook Conference Cathy Minehan of the Federal Reserve Bank of Boston said the combination of inherent economic resiliency, patience and perspective on all our parts, and a tendency toward more rather than less stable…
Fed's Bies on corporate governance
In the speech 'Corporate Governance' Susan Schmidt Bies of the Federal Reserve said she believes the Sarbanes-Oxley act is a wake-up call for the internal auditing profession.
Poole on booms and recessions
In the speech 'Booms, Recessions, and the Economically Disadvantaged' William Poole of the Federal Reserve Bank of St. Louis said I hope soon but do not know for sure, the economy will be expanding again and employment will grow. The U.S. Economy is…
Gramlich on loan guarantee programs
In a speech on 'Loan Guarantee Programs' Edward Gramlich of the Federal Reserve said though political motives undoubtedly are involved in the creation of loan guarantee programs, an economic rationale could be involved as well. Some social value, which…
McDonough at the New York Bankers Association
In a speech to the New York State Bankers Association William J. McDonough of the Federal Reserve Bank of New York focused on the theme of technology and the constancy of change in the economy and financial system. Technology, McDonough said, has helped…
Hurley welcomes new Irish regulator body
Address by John Hurley, Governor, Central Bank and Financial Services Authority of Ireland, 1 May, at the launch of Irish Financial Services Regulatory Authority.
Greenspan's testimony to Congress
In a follow-up to the semiannual monetary policy report to Congress Alan Greenspan of the Federal Reserve said the consensus of economic forecasters is that a material rebound in economic activity will develop in the second half of this year, and…
Statement by David Dodge to the Senate Committee
In his opening statement to the Senate Banking, Trade and Commerce Committee David Dodge said the Canadian economy should strengthen towards the end of 2003, partly thanks to a pickup in U.S. economic activity with average annual growth in Canada is…
Papademos presents the ECB's Annual Report
In his presentation of the ECB's Annual Report 2002 to the Committee on Economic and Monetary Affairs of the European Parliament Lucas Papademos said one of the main messages of 2002 has been that the euro area economy needs to become more flexible and…
Dodge statement to Canada's Finance Committee
In his opening statement to the House of Commons Finance Committee David Dodge of the Bank of Canada said we expect that economic growth in the second quarter will be somewhat weaker than we projected in the Monetary Policy Report because of the impact…
Hamalainen on challenges for retail banking
In a speech on 'EU accession - challenges for retail banking' Sirkka Hamalainen of the ECB said the ECB has assessed the payments infrastructure in the acceding countries and found it sufficiently robust to ensure that it will not generate systemic risks…
Ferguson on Basel II and risk management
In a speech on 'Basel II: A Case Study in Risk Management' Roger Ferguson of the Federal Reserve said the proposed revision of the international capital accord is basically about improving risk management in banking. It is a regulatory framework that…
Poole on maintaining financial stability
In a speech on 'The Fed's Role in Maintaining Financial Stability' William Poole of the Federal Reserve Bank of St. Louis said the US is fortunate that the Federal Reserve is generally effective in minimizing collateral damage from unpredictable shocks…
Michael Moskow on the economic outlook
In a speech on 'Economic Outlook' Michael Moskow of the Federal Reserve Bank of Chicago said the road to recovery for the economy has turned out to be bumpier than expected. But underlying trends in productivity are strong and although there is still a…
Bergo on inflation targeting with variable ex rate
In a speech on 'Inflation targeting with a fluctuating exchange rate' Jarle Bergo of Norges Bank said experience has shown that monetary authorities do not have the means to control the exchange rate. Monetary policy has nevertheless, Bergo added, been…
Bernanke - Will business investment bounce back?
In a speech 'Will Business Investment Bounce Back?' Ben Bernanke of the Federal Reserve said this recession is unique in being one of the few business-led-as as opposed to household-led-recessions of the post-World War II period. A strong recovery, he…
Moskow - Perspectives on Community Development
In a speech on 'Perspectives on Community Development' Michael Moskow of the Federal Reserve Bank of Chicago said we must be vigilant, creative and efficient in the way we conduct community development programs, learn from our mistakes and successes, and…
Solans on the ECB's Memorandum of Understanding
Eugenio Domingo Solans of the European Central Bank spoke of the close cooperation between the ECB and the European Commission (Eurostat) at the signature of the Memorandum of Understanding on Economic and Financial Statistics.
Boston Fed's Cathy Minehan on the economic outlook
In a speech to the Boston Economic Outlook Conference Cathy Minehan of the Federal Reserve Bank of Boston said while she expects that the national economy will regain momentum in the second half of the year and that investment, particularly in the…
Moskow on US economy and corporate governance
In a speech on 'Breaking Down the Breakdown of Corporate Governance: Incentives, Information, and a Rational Course for Policy' Michael Moskow of the Federal Reserve Bank of Chicago said the long-term prospects for our economy are bright. The U.S…
Riksbank's Persson on monetary policy
In a speech on 'Monetary policy and labour supply' Kristina Persson of the Sveriges Riksbank said monetary policy cannot directly affect production's potential, long-term growth rate. However, it can indirectly lay the foundation for a good development…