Risk
IMF flags concern over Reserve Bank of Zimbabwe’s governance
IMF cites severe governance failings as Zimbabwe’s central bank maintains Gideon Gono as chair of its new governing board.
ECB buys another €10 billion in government debt
Analysts split on whether second round of purchases with German ban on naked short spooks European markets
BoE minutes: Bank held rates on delayed recovery
Bank of England minutes show key rate was left at 0.5% on continued uncertainty over pick-up in economic growth
Malta's Bonello: Basel II amendments ambitious and far-reaching
Central Bank of Malta governor discusses new proposals to amend the Basel II requirements following lessons from financial crisis
Ireland’s Honohan says bank and government partnership key
Central Bank of Ireland governor Patrick Honohan says co-operation between banks and state is essential to credit markets
Yilmaz confident Turkey can keep up with other emerging markets
Central Bank of Turkey governor Durmas Yilmaz says country’s lack of toxic assets has paid off during the recovery
Fed’s Kohn: US still vulnerable from global imbalances
Federal Reserve vice chairman Donald Kohn says fiscal restraint needed in US to level global imbalances
Kenya: Bank Supervision Annual Report 2009
Kenya’s Supervision Annual Report 2009 shows the banking sector in Kenya grew by 14% despite global slump
IMF: Larger long-term credit facilities needed in WAEMU
IMF study shows more investment in longer term projects in West African Union countries will enhance returns
Banks should not rely on CDS spreads for credit risk
National Bank of Belgium study highlights a number of shortfalls in policymakers’ use of CDS spreads as an indicator for bank risk
Turkey sanguine on inflation
Turkey’s 2010-11 inflation report shows price pressures continued to rise during the first quarter of the year, but that these were cost-push rather than demand-driven pressures
Bank of Italy: debt-saddled Italian firms struggle to compete in Europe
Bank of Italy paper puts low productivity of non-financial firms in Italy to inherently high indebtedness in the country
Bank of Canada: Monetary Policy Report April 2009
Bank maintains its benchmark interest rate steady, but report signals plans to begin to lessen the degree of monetary stimulus as the need for extraordinary policy passes
Hungary discovers further risks to economy
National Bank of Hungary report identifies stability threats
Bank Negara Malaysia on the future of Islamic finance
Assistant governor of Malaysia’s central bank, Muhammad bin Ibrahim, optimistic on Islamic finance
BoJ study links widening CDS spreads in Greece to greater sovereign debt risk
Bank of Japan study shows strong relationship between fiscal health and CDS spreads
Norges Bank director pushes for better pricing of risk
Norges Bank director Arlid Lund discusses how to prevent the next crisis and where the risks lie
Hong Kong debt market rebounds
Latest Quarterly Bulletin from Hong Kong Monetary Authority shows debt markets have normalised in the territory following Lehman collapse
Bank of Canada adapts Black-Scholes model
Bank of Canada uses an adaptation of the Black-Scholes to forecast foreign exchange risks between the US and Canada.
Sweden’s Ingves explains decision to hold rates
Stefan Ingves the Riksbank’s governor offers reasons holding back on rate rise despite signs of strong economic recovery
IMF explains peso appreciation in the 90’s
IMF paper shows that gains in total factor productivity and more competitive pricing for tradable goods explains the historical appreciation of the peso
Bank of Canada on risky measures
Bank of Canada study shows that increased ownership among the largest shareholders invites less risky behaviour in decision making
Bank of Japan – Financial Markets Report
Japanese central bank’s report says Dubai crisis shed light on sensitive investors still were, notes that while accommodative policies soothe some market players, others worry about flows to emerging markets
Large shareholders take more risks
Bank of Canada analyses corporate risk taking