Banks
Soros urges G20 to agree on SDR reallocation
George Soros, one of the world's most renowned hedge-fund managers, has called on G20 leaders to endorse the reallocation of rich country's SDR quotas with the International Monetary Fund (IMF).
We won't let banks fail - Nigeria's Soludo
Chukwuma Soludo, the governor of the Central Bank of Nigeria, said on Monday that the central bank will not allow any of the domestic banks to fail.
European banks to drop interchange fees by 2012
The European Commission and the European Central Bank (ECB) have told European banks to get rid of interchange fees on direct debit transactions by 31 October 2012 under EU antitrust rules.
Shirakawa terms measures "extremely extraordinary"
The Bank of Japan's decision earlier this month to directly provide quasi-capital funds to banks through subordinated loans was an "extremely extraordinary" measure, Masaaki Shirakawa, the governor of the central bank, has emphasised.
Malawi's Nkosi encourages rural credit access
Commercial banks should come up with strategies and plans for a greater access to credit by rural communities and other banking services for Malawian entrepreneurs, said Mary Nkosi, the deputy governor of the Reserve Bank of Malawi, has said.
RBA's Edey: regulation determined risk taking
Financial regulation unintentionally shaped the excessive risk-taking that occurred in the run up to the credit crisis, said Malcolm Edey, the assistant governor of the Reserve Bank of Australia.
Monetary policy can affect fiscal spillover
Interventions by central banks can impact the magnitude and nature of a spillover from regional fiscal policy, a new paper from Banque de France posits.
BoE unanimous on March decision
The minutes from the March meeting of the Bank of England's Monetary Policy Committee show members voted unanimously to cut bank rate by 50 basis points to a fresh all-time low of 0.5% and to buy £75 billion-worth ($104.8 billion) of assets using central…
Basel II procyclical: Norges Bank
Basel II introduces an additional source of procyclicality into the banking sector, a new paper from Norges Bank finds.
Buba on savings banks and liquid assets
Savings banks hold a higher amount of liquid assets for each unit of sight deposits than regulation requires, posits a new paper from the Bundesbank.
Fed's Hoenig criticises Tarp
Thomas Hoenig, the president of the Kansas City Federal Reserve, has criticised the Troubled Assets Relief Programme (Tarp) for its lack of a clear set of principles and said that its implementation appears ad hoc and opaque in dealing with banks judged…
Report offers praise for derivatives players
A report from a group of central banks and financial regulators finds that financial-services firms, dealers, buy-side companies and service providers managed their credit derivatives in an orderly manner with no major operational disruptions or…
Bundesbank makes biggest profit since 2001
The Bundesbank posted €6.3 billion ($8 billion) profit last year, it emerged on Tuesday.
De Grauwe fears beggar-thy-neighbour policies
A lack of coordination between the world's leading central banks in the current crisis raises concerns over a return to beggar-thy-neighbour policies, a leading European economist has argued.
Russia bans SWFs from holding US agency debt
Moscow has banned its sovereign wealth funds from holding US agency debt, declaring the paper too illiquid.
Inter-sectoral dependence key for stress tests
Bank stress tests should take into account inter-sectoral dependencies, finds a new paper from the Bundesbank.
ICE's CDS clearing plan gets Fed's approval
The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.
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.