Opinion/Financial Stability

Comment: The IMF's Global FSR

The IMF yesterday unveiled its latest Global Financial Stability Report at the Bank of England head office in London. "The near-term outlook is as good as it gets," Gerd Hausler, director of the IMF's capital markets unit, said at the press conference.

CBN Comment on UK Budget

Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.

Comment: Measuring financial fragility

Central banks and regulators have created well-staffed financial stability departments, producing voluminous reports and reviews. However, policymakers are not always sure what they are aiming at in this opaque, but systemically important, area. New…

Comment: Sepa progress report

In its fourth progress report on the Single Euro Payments Area (Sepa) the ECB says it "expects the European Payments Council (EPC) to take overall responsibility for defining and implementing a monitoring framework for each phase of the migration process…

Comment: Payment system risks

While few would regard Britain's large-value payment system as risky - over its ten-year life, the system has suffered no major scares - how the system will bear up in a crisis or time of market stress is a cause for concern.

Britain's fiscal rule is more leaden than golden

Lectures to Britain from the European Union on fiscal discipline are hypocritical and pointless, according to this article published on Monday 16 January. However, the UK government's "golden rule" has masked an escalating deficit on state spending that…

Enough said, Mr. Park

This Editorial published on Friday 13 January urges Bank of Korea Governor Park Seung not to cause any more losses to the country through his verbal mistakes. Following comments made Thursday by Mr Park, the won surged immediately, causing a big…

HKMA: Four pointers to financial stability

In a commentary published by the Hong Kong Monetary Authority, HKMA Chief Executive Joseph Yam says open, medium-sized and sophisticated international financial centres are attractive to international fund flows, which are often volatile. The task of…

Comment: Dealing with financial risks

Financial systems around the world have changed dramatically in the last 30 years. Borrowing and lending volumes have increased to levels unimaginable three decades ago, lending rates recently reached historically low levels, and instruments catering to…

News from SIBOS banking conference

Jean-Michel Godeffroy, director general of payment systems at the European Central Bank, was at the centre of several key debates at the SIBOS conference in Copenhagen on Wednesday 7 September.

BSP printing plant: More than just about money

This article in the Philippine Daily Inquirerlooks at the Bangko Sentral ng Pilipinas (BSP) bank note printing operations. The BSP owns the printing, minting and refining facility it calls the Security Plant Complex (SPC), an imposing structure…

Value of Iraqi currency takes nose dive

An article from the Wall Street Journal asks What will happen to the Iraqi currency? The article suggests a lot of work has to be done, particularly as the 250 dinar note is now worth more than the 10,000 note due to the possible cancellation of notes…

Clearing risks

ARTICLE - Following the publication of the G30 report last week this article describes the report as both wise and practical and it will serve as a road map that the many actors from the private and public sectors can use to reach the common destination…

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