Speech
Malaysia’s Ibrahim tells Asian banks to be more data-savvy
Bank Negara deputy governor outlines changes that are sweeping the region’s financial markets; says banks need to do a better job of embracing technology if they are to keep up
Fed's Stein seeks right regulatory mix on fire-sales for SFTs
Fed governor Jeremy Stein calls for new mix of rules to ensure ‘fire sale’ of securities financing transactions work at the system-wide level
Kocherlakota urges Fed to do ‘whatever it takes’ to boost labour market
Persistently low inflation means the Federal Reserve can throw all its resources behind the fledgling labour market recovery, according to the Minneapolis Fed president
Fijian governor foreshadows application of mobile payments in agriculture
Barry Whiteside says mobile banking is fast becoming an ‘accepted mode of payment’ and has the ability to transform Fiji’s agricultural sector
Boston Fed president says unwinding QE could take ‘several years’
Rosengren said disappointing data and the possibility for ‘disruptions’ in US fiscal policy prompted him to vote for steady asset purchases; says monetary accommodation should be removed slowly
Wheeler shines a spotlight on housing supply
Reserve Bank of New Zealand governor Graeme Wheeler says restrictions on high loan-to-value mortgages will alleviate house price increases, but the bigger issue is housing supply
National Bank of Denmark governor highlights housing concerns
Lars Rohde says investor confidence in the creditworthiness and liquidity of mortgage bonds is ‘at the core' of the Danish mortgage credit system
McDermott reveals drop in New Zealand’s neutral rate of interest
Reserve Bank of New Zealand assistant governor says households and businesses should expect to face lower rates ‘on average’ in the future relative to before the crisis
Macklem says Canadian exporters must look to new markets
Slowing domestic demand must be replaced with demand from other countries, says Bank of Canada deputy; faster-growing emerging markets will hold the key, he says
Italian deputy warns of political pressure on central banks
Salvatore Rossi says central banks’ increasing responsibility for financial stability makes them a ‘perfect target’ for both lobbyists and politicians
Bundesbank's Lautenschläger welcomes SSM
Sabine Lautenschläger says she is convinced of the advantages of Europe's single supervisory mechanism, but warns the comprehensive balance sheet assessment will pose challenges
ECB’s Cœuré warns impact of bail-ins still unclear
Executive board member says effects on bank funding and lending depend on final design of bail-in regime and interaction with other regulation
ECB’s Mersch demands resolution fund clarification
Executive board member Yves Mersch concerned about the loss of credibility if the proposed single resolution fund in the eurozone was drained through a round of bank failures
Thailand's Prasarn says taper disruption set to continue
Governor of the Bank of Thailand Prasarn Trairatvorakul warns taking away the punchbowl remains tricky, but says his country should take advantage of China's growing role as an importer
Ingves addresses Basel 25th anniversary audience
Riksbank governor and Basel committee chair highlights five developments over the past quarter of a century, including a shift from a micro- to a macro-prudential perspective
Canadian deputy champions FSB
FSB may be small but is capable of ‘nimbly’ co-ordinating global reforms efforts in a way that other international organisations are not, says Lawrence Schembri
Crisis prompted both ‘re-discovery' and overhaul of CBs' emergency liquidity
Walter Bagehot's dictum to lend freely at high interest rates and against good collateral during a financial panic was revived, then altered during the crisis, according to Thomas Baxter of the NY Fed
MAS's Menon says Basel rules could hit infrastructure finance
Basel III regulations could disincentivise long-term lending, particularly to private-sector projects, warns Monetary Authority of Singapore managing director Ravi Menon
New Riksbank deputy explains reasons behind dissent
In his first public address as a Swedish monetary policy-maker, Martin Flodén says a cut in interest rates will help inflation target to be reached sooner, limiting financial imbalances in the long term
Pianalto confident in case for faster retail payments
Cleveland Fed president Sandra Pianalto says the lack of 'concrete' evidence in favour of a near-real-time payment system should not stand in the way of its creation
Dallas Fed’s Fisher criticises FOMC decision
Richard Fisher vociferously opposed keeping asset purchases at $85 billion each month; warned the committee that doing so would damage the Federal Reserve’s credibility
FDIC chair discusses US effort to balance capital and leverage requirements
Martin Gruenberg says Basel III relies too heavily on capital ratios, potentially incentivising big banks to employ ‘imprudent' leverage strategies; discusses regulatory remedies
BoJ’s Shirai says Japanese forward guidance is different from BoE and Fed's
Sayuri Shirai emphasises differences between Bank of Japan’s forward guidance and that employed by the Fed and Bank of England; refutes BoE claim that BoJ’s guidance is ‘open-ended’
Fed’s Tarullo draws on Crockett speech in outlining macro-prudential priorities
Daniel Tarullo sets out five central aims for current macro-prudential policy, taking lessons from a ‘prescient’ speech made by Andrew Crockett in 2000