Interview/Financial Stability
Ortiz on governance, risk and Mexico's progress
The Bank of Mexico governor and BIS chairman discusses central bank governance, monitoring systemic risk and why Mexico has managed to avoid a financial meltdown despite being hard hit by the crisis
Basel Committee's Praet on the crisis
Justin Keay spoke with the executive director of the National Bank of Belgium (responsible for international cooperation and stability) about the regulatory implications of the current financial crisis
Bahrain's Al Maraj on pros of conservatism
The governor of the Central Bank of Bahrain tells Malan Rietveld that the country’s conservative approach to finance, regulation and construction is paying dividends in a time of crisis.
Interview: William White
Claire Jones speaks to William White about the lessons from history in getting out of the current crisis and the need for thinking more long term about the consequences of policymaking
CNB's Tuma calls for cross-border supervision
Zdenek Tuma discusses the future of financial regulation and the prospects for joining the euro
Goodfriend: Fed's fiscal statement does not go far enough
The Federal Reserve's attempt to clarify its stability role is a move in the right direction, but must be improved upon
Basel Committee's Praet on the future of regulation
Peter Praet, an executive director at the National Bank of Belgium and a member of the Basel Committee on Banking Supervision, offers some pointers on how global leaders should formulate their regulatory response to the crisis.
Stiglitz laments US's "bogus" bailouts
Joseph Stiglitz, the 2001 Nobel Laureate, tells CentralBanking.com why the US administration must set up its own lender and stop pandering to the banks if it is to fix the economy.
PMA's Alwazir: reform agenda continues
The recent escalation of the conflict with Israel wreaked havoc on Gaza's banking sector. But the Palestine Monetary Authority (PMA) has ploughed on with its reform efforts
Crockett on lessons from history
Sir Andrew Crockett, a former general manager of the Bank for International Settlements now at JPMorgan, a bank, warns that officials must acknowledge the benefits of innovation and the inconsistencies between macro- and micro-level fixes.
Social role of banks must change: UK's McFall
John McFall, the head of Britain's influential Treasury Committee, on why finance-industry pay must be curbed, some of the country's biggest banks nationalised and lessons can be learned from abroad
What Washington needs to do next: Ex-Fed's Posen
Adam Posen, a deputy director at the Peterson Institute, a research body, and a former economist at the New York Fed, tells CentralBanking.com why the US administration must be bold, coherent and forceful in dealing with the toxic assets which litter…
Interview: Raghuram Rajan
Claire Jones spoke to the former chief economist at the International Monetary Fund about the policy response to the crisis, particularly the role of the Fund
Interview: Joseph Yam
In this interview the chief executive of the Hong Kong Monetary Authority discusses the global policy response to crisis, Hong Kong’s relationship with China and the reserve management in Asia. Malan Rietveld spoke to Joseph Yam
Interview: Masaaki Shirakawa
The governor of the Bank of Japan speaks to Robert Pringle about the lessons from Toyko’s fight against deflation to policymakers around the world today
Plan must pass to stem panic: ex-Fed's Posen
The Treasury's plan to buy distressed assets was poorly presented to politicians and US taxpayers. But it will likely work and should be passed, says Adam Posen, a Peterson Institute deputy director
Developments a mixed bag for Bank: Goodhart
The growth outlook has deteriorated, but there is room for optimism for the Bank of England in other areas, says Charles Goodhart, a former member of the Monetary Policy Committee
World Bank's Cirasino says focus is on retail payments
Central banks must shift their focus to improving retail payments, says the head of the payment systems development group at the World Bank
NZ's Bollard wary of calls for cyclical policy
Alan Bollard, the governor of the Reserve Bank of New Zealand, discusses the threat of recession, the central bank's new liquidity rules, and dealing with the procyclicality of credit cycles
India's Reddy champions growth for all
Economic growth should only be an objective of the Reserve Bank of India if wealth creation is inclusive, says Y.V. Reddy, the governor of the central bank
How Asia's banks rode out the credit crisis
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, explains why Asia's banks have emerged unscathed from almost a year of financial tumult
Interview: Robert Shiller
Robert Shiller, one of the leading authorities on the American housing market and the structured products built around it, talks to Malan Rietveld about the causes of the current crisis and the policy response
Interview: Charles Goodhart
Claire Jones spoke with the former Bank of England policymaker about the co-ordinated liquidity interventions and the move towards aggressive policy easing by the Fed