Banks
Nationalisation a possibility for one or two
Full nationalisation may prove necessary as a last resort for one or two of the larger United States banks, says a new paper from the Brookings Institution.
Austria's Nowotny assesses banks' health
Austrian banks have little exposure the American subprime market, but they have been indirectly affected by the credit crisis, Ewald Nowotny, the governor of the National Bank of Austria, has said.
Basel's Wellink: link macro and micro supervision
Cooperation between macro- and micro-prudential supervisors should be strengthened, said Nout Wellink of De Nederlandsche Bank.
What to look for in Tarp II
Tim Geithner, the US Secretary of the Treasury, has delayed unveiling the plans for the next steps in administration's financial bailout programme until Tuesday. Here is a summary of the new steps that could be announced tomorrow.
Take fast and broad actions - Norges's Gjedrem
Prompt and extensive write-downs of bad assets and recapitalisation of banks limited the downturn in Nordic economies in mid-1990s, said Svein Gjedrem, the governor of the Norges Bank.
Tetangco on bank security in the Philippines
Bank security management goes beyond guard deployment and monitoring, said Amando Tetangco, the governor of the Central Bank of the Philippines.
IMF identifies early indicators of bank weakness
Research from the International Monetary Fund identifies a set of indicators and thresholds to distinguish between sound banks and those vulnerable to financial distress.
ECB's Gonzalez-Paramo on CBs and supervisors
A very close and smooth interplay between central banking and the supervisory communities is crucial, said Jose Manuel Gonzalez-Paramo, a member of the European Central Bank's executive board.
Peru holds rates, eases reserve requirements
The board of the Central Reserve Bank of Peru held rates at 6.5% as inflation slowed but lowered reserve requirements by one percentage point in a bid to ease conditions for in for commercial banks.
Eichengreen: ideology slowed response to crisis
Ideology delayed US officials in taking necessary steps after the credit crisis erupted, says Barry Eichengreen, a financial historian based at the University of California, Berkeley, in a new paper.
Denmark - Financial Stability Report
Denmark must implement a scheme of temporary capital injections to sound, well-managed banking institutions, says the latest Financial Stability Report from the National Bank of Denmark.
Competition lowers bank-market spreads on loans
Banks price their loans more in line with the market interest rate in countries with stronger loan market competition, says a new paper from the Bank of Spain.
Eurosystem continues to shed staff
The number of central bankers in the 16 national central banks that now make up the Eurosystem stands at 46,123, a fall of 17.9% since 2003, reveals the 2009 edition of Central Banking Publications' Central Bank Directory.
Crisis calls for revision of LOLR role: economists
Central banks must broaden their remit as lenders of last resort in the wake of the crisis, two economists who advise central banks have said.
Assets are better kept with SWFs
Countries with a large foreign asset base tend to establish sovereign wealth funds as central banks' portfolio diversification tends is limited, says a new paper from the San Francisco Federal Reserve.
ECB to keep one-governor, one-vote system for now
The European Central Bank's (ECB) Governing Council has gone back on the voting structure set out in its statute and opted to keep its one-governor, one-vote regime until the number of eurosystem central banks exceeds 18. The central bank also said that…
Danish governor on forthcoming funds
The National Bank of Denmark will operate a new temporary facility from early next year to supplement Danish banks with financing capital, said Nils Bernstein, the governor of the central bank.
Openness and clarity - Sweden's Rosenberg reflects
Openness and clarity are of central importance to policy effectiveness, said Irma Rosenberg, the first deputy governor of the Riksbank.
Bulgarian National Bank - Annual Report 2007
The latest Annual Report from the Bulgarian National Bank highlights the central bank's entry to the European System of Central Banks, a group composed of the European Central Bank and the 27 national central banks of all EU members.
FDIC surveys bank overdraft programmes
The Federal Deposit Insurance Corporation (FDIC) has gathered data on the types, characteristics, and use of overdraft programmes operated by the1,171 banks supervised by the deposit insurance regulator.
India to lend FX until July to counter stress
The Reserve Bank of India has agreed to support the overseas operations of its banks by providing three-month foreign-currency loans until next July.
We'll make the banks lend: King
Mervyn King, the governor of the Bank of England, on Tuesday indicated that the British authorities would take drastic action if banks continued to curtail lending.
Denmark's Thomsen on the rise in debt issuance
Higher debt issuance from sovereign issuers is to be expected, Jens Thomsen, a member of the board of governors of the National Bank of Denmark, has said.
Incentives needed for e-payment transition
Consumers and merchants need incentives to move from paper-based to electronic payment instruments, said Jan Qvigstad, the deputy governor of Norges Bank.