Banks
Ukraine: Security Service may join c bank's board
The chairman of the National Bank of Ukraine, Serhiy Tyhypko, has said he is not opposed to including members of Ukraine's uniformed ministries on the bank's board.
The Bank of Canada and the search for a new No. 2
ARTICLE - The Bank of Canada has received a wide range of inquiries from both inside and outside the bank to fill its No. 2 job, the central bank's selection committee chairman said on Friday.
EU Commission wants joint action by central banks
The EU Commission is in favour of a joint effort by all international central banks if a war in Iraq should weaken the world economy, financial daily Boersen-Zeitung said, citing an internal note from the EU's economic and monetary affairs commissioner…
Venezuela cen bank cuts discount rate to 39 pct
Venezuela's Central Bank on Tuesday lowered its discount rate for local banks seeking to borrow money to meet reserve requirements from 42 percent to 39 percent.
BIS Press Release
PRESS RELEASE - Central banks to collect more in-depth statistics on banks' country risk exposures, 7 February.
Financial Services Policy Committee Press Release
PRESS RELEASE - Federal Reserve Banks Announce Changes to Increase EfficiencyIn Check Services as Check Volumes Decline Nationwide, 6 Feb.
Greenspan to deliver Senate report next week
Federal Reserve Chairman Alan Greenspan is scheduled to appear before a Senate panel next week to deliver the central bank's semi-annual report on the health of the economy, a Senate Banking Committee aide said on Tuesday.
Interview with Nobuyuki Nakahara
INTERVIEW - Currently an adviser to Japan's Financial Services Agency Nobuyuki Nakahara is a favourite to land the job of governor of the Bank of Japan in March. In the interview he said the introduction of a 1-3 per cent inflation target would serve as…
Central banks sign cooperation agreement
Greece's central bank governor, Nikos Garganas, and his Romanian counterpart, Constantin Isarescu, were due to sign in Bucharest Friday a memorandum of cooperation in the two countries' exercise of supervision competences over commercial banks operating…
Kazakh national bank to up gold purchases in 2003
The Kazakhstan National Bank plans to increase gold purchases on the domestic market in 2003. The Bank's net gold and foreign currency reserves totalled 2.981bn dollars in December 2002.
Hamalainen on the role of monetary policy
SPEECH - In the speech 'The role of monetary policy and the central banks in global financial stability' Sirkka Hamalainen of the ECB said it is self-evident that the central bank needs a healthy banking and financial market sector in order to conduct…
Taiwan acts on banking reform
Taiwan's finance ministry is encouraging banks to clean up their balance sheets by offering streamlined product approval for those with non-performing loan (NPL) ratios of below 5 per cent.
BIS meeting - Central bankers wary of Iraq war
Central banks need to watch the situation in Iraq closely and be prepared to act to stop any war damaging a modest world economic pickup in 2003, Bank of England Governor Sir Edward George said on Monday at a regular BIS meeting in Switzerland.
Jamaica introduces deposit requirements
The Bank of Jamaica (BOJ) has instituted a so-called Special Deposit Requirement for commercial banks and institutions licensed under the Financial Institutions Act.
Russian central bank to withdraw foreign capital
This year the Russian central bank plans to significantly reduce its share in Russian foreign banks and will withdraw from their capital fully at the beginning of 2004.
Report to show Japan's banks failing capital test
A comprehensive study of Japan's financial system being carried out by the International Monetary Fund will reveal that the capital adequacy of a number of Japanese banks falls below international requirements, according to a former IMF economist.
Central bank pledges support for Saddam Hussain
At the end of the second conference for Iraqi banks on Monday the Governor of Iraq's central bank, Ossam Rashid Howash pledged his support for President Saddam Hussein.
Baghdad puts out the welcome rug for banks
Iraq, under economic sanctions for 11 years and faced with the threat of attack by the US, is trying to attract foreign banks to the country. That's the message Issam Racheed Hwaish, governor of the Iraqi Central Bank, laid out at the weekend as he…
No need to raise bank insurance cap - Fed's Olson
Federal Reserve Governor Mark Olson on Friday reiterated the U.S. central bank's opposition to raising the current $100,000 cap on insured bank deposits, saying such a move is not needed.
BOJ buys Y71bn worth of stocks from banks
The Bank of Japan (BOJ) had purchased 71.16 billion yen worth of stocks held by commercial banks as of Tuesday 10 December on a delivery-completed basis, the central bank said in a report released Thursday.
ECB's Issing warns of limits to transparency
There are limits to the degree of transparency that central banks are able to supply, European Central Bank chief economist and executive board member Otmar Issing said on Monday. He also noted that the introduction of the euro had raised peoples…
Why not a female Governor of the Bank of England?
ARTICLE - An interesting article looks at women in central banks and why so few make it to the top position. The article suggests central bankers like the power of knowing things which they can keep from the public but that women don't like playing that…
Welteke suggests ECB rates may be cut soon
A member of the European Central Bank's governing council suggested in comments published Friday that the bank could cut interest rates by as much as half a percentage point next week, more than a year after it last made a change.
ECB to study lending policies with survey
The European Central Bank will begin conducting a quarterly survey next year of credit policies practised by banks operating in the 12-nation euro zone. The move comes just days after the Irish central bank warned lenders to stick within guidelines.