Banks
US Treasury outlines banking reforms
Treasury wants standards to be as uniform as possible across jurisdictions
Chile’s De Gregorio on reform
Central Bank of Chile’s Jose De Gregorio says financial reforms should target incentives of financial intermediaries’ management
Croatia’s Vujcic deputy on “unorthodox” regulation
Croatian National Bank’s Boris Vujcic outlines regulatory approach under euro dominance
Social capital aids stakeholder orientation
Norges Bank says banks located in communities with high social capital have a higher probability of survival
RBA’s Edey: don’t push banks into the shadows
Reserve Bank of Australia’s Malcolm Edey on getting the balance on tougher regulation right
Nigeria suspends trading in troubled banks
Nigerian authorities suspending trading in troubled bank shares and look to foreign investors to restore health
Counterparty risk still large
International Monetary Fund assesses counterparty risk in the United States stemming from exposures to over-the-counter derivatives payables
Fed’s Greenlee: further stress testing needed
Federal Reserve’s Jon Greenlee says that many institutions would benefit from additional stress testing
Russia’s regional banks don’t utilise local info
Bank of Finland shows that local banks in Russia do not possess a superior ability to deal with information asymmetries
UAE to improve banks' corporate governance
The Central Bank of the United Arab Emirates published new draft corporate governance guidelines for the banking sector on Thursday, saying that, as leading contributors to the economy, commercial banks had to have high management and corporate…
Argentina halts some dividend payouts - report
The Central Bank of Argentina has reportedly asked some banks to stop paying dividends to shareholders after stress tests revealed banks could require more capital.
Krugman hints at inflation remedy to fix crisis
Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.
Chaps can cope with payments outages
If a financial institution is unable to make - but able to receive - payments, Chaps, the UK's large-value payment system, will ensure that settlement banks stop making payments to the institution, reducing systemic risk, new research from the Bank of…
Fiji's Reddy calls on banks to offer microfinance
There is no reason why all banks cannot provide microfinance, said Sada Reddy, the governor of the Reserve Bank of Fiji.
Core business for core financial institutions
Core financial institutions should not be allowed to undertake excessively risky positions such as naked short-selling, says a draft report from a UN commission.
CEE central banks' reaction mixed on Latvia
The views of officials from other Central and Eastern European central banks on this week's escalation of Latvia's currency crisis are mixed.
Denmark urges banks to accept government offer
The National Bank of Denmark said on Thursday that almost half of its largest banks could go bust if they do not sign up to a government-funded initiative.
Germany's Merkel attacks central banks
Angela Merkel, the chancellor of Germany, on Tuesday criticised the unconventional measures taken by central banks around the globe and called on them to revert to sane and independent monetary policy.
Finland's Hakkarainen: retail payments not core
Central banks should not provide retail-payment services themselves, said Pentti Hakkarainen, the deputy governor of the Bank of Finland.
The Nederlands Bank - Annual Report 2008
In the years ahead, banks will reduce their dependence on short-term funding in the wholesale markets and focus more on serving domestic customers, says Nout Wellink, the president of the Dutch central bank in its latest Annual Report.
Norway's Qvigstad: banks need more capital
Banks need more capital to improve access to funding and to be more robust, said Jan Qvigstad, the deputy governor at the Norges Bank.
Banks back to deposit funding - Norway's Gjedrem
Deposits must again take precedence as the largest funding source for banks, said Svein Gjedrem, the governor of the Norges Bank.
Fed outsources in-house cheque images system
The Federal Reserve has decided to migrate its archive of cheque images to a private provider in an effort to reduce costs.