Reserves
African Development Bank gets new treasury head
AFRICA - The African Development Bank said on Apr 5, 2001 that Arunma Oteh, currently the manager of its investment division, had been appointed treasurer with effect from April 2.
Danmarks Nationalbank Monetary Review
DENMARK - The Danmarks Nationalbank has released its quarterly Monetary Review, which includes a number of interesting articles written by the central bank's staff. There are two articles on risk management: one about managing interest rate risk in a…
China FX reserves rising to $200bn-BusinessWeek
CHINA - China's foreign reserves will rise steadily, enabling it to hold its yuan peg to the dollar in the face of the weakening yen, US-based BusinessWeek magazine on Apr 3, 2001 quoted central bank Governor Dai Xianglong as saying.
SNB profits boosted by gold revaluation
SWITZERLAND - In its 2000 annual report released on Apr 3, 2001, the Swiss National Bank said that net profit for 2000 had jumped to 28.2 billion Swiss francs ($16.3 billion), boosted by a one-off 27.7 billion franc revaluation of gold holdings.
Risk measurement and systemic risk conference
CENTRAL BANK CONFERENCE - On March 7-8, 2002, the Committee on the Global Financial System (CGFS), in co-operation with the Bank of Japan, the Board of Governors of the Federal Reserve System and the European Central Bank, will host, under the auspices…
GSIC cuts investments in tech companies
SINGAPORE - The Government of Singapore Investment Corp has reduced its interests in Malaysia's technology sector in the face of sluggish US demand for the country's electronics products.
South Korea's FX reserves dip to $94.44bn
SOUTH KOREA - The South Korea's foreign exchange reserves dipped by $890 million from a month earlier to $94.44 billion as of late Mar 2001, falling for the fourth straight month, the Bank of Korea said Apr 2.
Pakistan cbank announce measures to boost reserves
PAKISTAN - Pakistan's central bank on Mar 31, 2001 announced measures to boost its foreign exchange reserves, a day after the International Monetary Fund released fresh money under a standby credit agreement.
New details on National Bank of Ukraine scandal
UKRAINE - New details have been provided on the charges of financial impropriety against the former deputy chairman of the National Bank of Ukraine, Volodymyr Bondar.
Lithuania cbank approves 2000 financial statements
LITHUANIA - At its board meeting on Mar 29, 2001, the Bank of Lithuania approved its financial statements for 2000, reporting profits for the year of LTL 126.2 million.
Computer support for reserves managers-Nugee
RESERVE MANAGEMENT - Deciding on the right level of computer support for reserve managers in a world of fast changing technology often makes it preferable to outsource some IT provision, says John Nugee, former head of reserve management at the Bank of…
S.Africa govt says gradual reduction of NOFP best
SOUTH AFRICA - South Africa's Treasury said on Mar 28, 2001 it was committed to steadily reducing its uncovered forward foreign exchange exposure and would not borrow massively abroad to do so.
Thai PM goes easy on ex-central bankers
THAILAND - It is premature to blame two former central bank governors for costing the state 44 billion baht in the failed attempt to defend the baht in 1996-97, Thailand's prime minister said on Mar 26, 2001.
Iceland c.bank intervenes to help falling crown
ICELAND - Iceland's central bank intervened on the local foreign exchange market on Mar 26, 2001 for the second straight session to support the falling Icelandic crown, but with limited success.
Operational risk measurement- BOJ papers
CENTRAL BANK RESEARCH - The Bank of Japan's financial and payment system office has published a series of working papers on operational risk that have now been revised and improved following comments from readers.
SNB announces next tranche of gold sales
The Swiss National Bank is to sell 100 tonnes of gold by September
Thailand cbank stops offshore investment fund
The Bank of Thailand has halted the launch of a new fund to help Thai investors invest abroad because of fears that it might encourage capital outflows and destabilise the exchange rate
Propping up the rupiah was 'right move'-deputy gov
Bank Indonesia has made the right move in propping up the rupiah, BI Deputy Governor Miranda S Goeltom said on Mar 22, 2001.
S'pore sets new rules for bank private investments
SPEECH - Singapore's central bank said on Mar 21, 2001 it was proposing new rules for bank investments in private equity and venture capital that will allow flexibility while maintaining prudent standards. Ravi Menon, executive director of the Monetary…
Financial competition, risk and accountability
BOOK - A new book has just been published by Palgrave "Financial Competition, Risk and Accountability: British and German Experiences" edited by Frowen and McHugh. Recent decades have seen a sharp increase in financial competition and excessive risk…
UKRAINE: Former deputy central bank chief detained
Reserves scandal claims former deputy governor
Thailand, Japan close to currency swap deal-paper
Thailand and Japan are close to concluding a bilateral currency swap agreement in the next few months as part of a regional arrangement to support Asian currencies in crisis, the Nation newspaper said on Mar 13, 2001.
MAS liberalises SGD swap rules for offshore banks
Following its recent decision to liberalise trading in Singapore dollar swaps, the Monetary Authority of Singapore said Mar 13, 2001 that effective March 1 it has allowed offshore banks to enter into currency swaps of any amount with non-banks.
Indonesian rupiah breaches 11,000 as worries grow
The Indonesian rupiah slid past 11,000 per dollar on Mar 12, 2001, extending early losses after the central bank said it had limited ability to defend the currency.