Central Banking

Netherlands Bank blasts EU financial transaction tax proposals

Mon, 06 Feb 2012 17:08:16 GMT

Netherlands Bank warns of large financial and economic costs associated with the adoption of a financial transaction tax in Europe; says hard evidence of stability benefits are 'lacking'

EBA rejects claims of problems with banks’ recapitalisation plans

Mon, 06 Feb 2012 15:34:00 GMT

Central Banking

European Banking Authority slams reports 'purporting to contain factual information'; says majority of banks’ plans appear to be in line with EBA recommendations

FSA chief hails new twin peaks approach to regulation

Mon, 06 Feb 2012 15:00:00 GMT

Central Banking

Financial Services Authority head Hector Sants says approach to supervision of banks in the UK will be more proactive and judgement-based; warns of 'tick box' approach to regulation in Europe

Estonian central bank finds public retaining kroons as memento

Mon, 06 Feb 2012 11:50:48 GMT

Central Banking

Bank of Estonia study finds 81% of respondents are holding on to some kroon cash; not using it for savings shows confidence in the euro, says head of cash and security department

Sub-Saharan Africa regional FSB group meets in South Africa

Mon, 06 Feb 2012 11:14:49 GMT

Central Banking

FSB regional group discusses 'particular' challenges facing Sub-Saharan Africa; growing complexity of banking systems and cross-border spillover effects are causing concern

Sub-Saharan Africa regional FSB group discusses challenges faced

Mon, 06 Feb 2012 11:14:00 GMT

Central Banking

FSB regional group discusses 'particular' challenges facing Sub-Saharan Africa; growing complexity of banking systems and cross-border spillover effects are causing concern

Dominican Republic confident in new inflation target; holds rates

Fri, 03 Feb 2012 18:07:28 GMT

Central Banking

Central Bank of the Dominican Republic leaves rates unchanged at first meeting since introducing a new inflation targeting framework; says it will meet 5.5% inflation target by the end of 2012

Italian banks may need state aid to hit 9% core capital, says Saccomanni

Fri, 03 Feb 2012 17:17:16 GMT

Central Banking

Bank of Italy director-general says country’s banks may require government assistance to meet stricter 9% core Tier I capital ratio; new deputy director Salvatore Rossi optimistic growth outlook

Czech central bank concerned over Esma's power

Fri, 03 Feb 2012 17:12:25 GMT

Central Banking

National supervisors should be responsible for their domestic institutions, says Czech National Bank

Fischer calls Israeli economy a ‘miracle’

Fri, 03 Feb 2012 14:16:52 GMT

Central Banking

Bank of Israel governor says peace deal is needed to achieve the growth and prosperity the country deserves; refuses to set timeline for returning interest rates to 'normal level'

Malaysian and Thai central banks agree deeper cooperation

Fri, 03 Feb 2012 12:04:24 GMT

Central Banking

Bank Negara Malaysia and the Bank of Thailand sign agreement to facilitate a cross-border collateral arrangement for eligible financial institutions in the countries

Hong Kong to launch new microfinance pilot scheme

Thu, 02 Feb 2012 17:58:45 GMT

Central Banking

Hong Kong Mortgage Corporation says it plans to issue up to HK$100 million worth of loans as part of three-year long trial

BoE's Posen continues crusade for SME credit

Thu, 02 Feb 2012 17:43:16 GMT

Central Banking

Posen laments decline of political interest in plans for credit easing for SMEs in the UK; reaffirms his drive to improve the provision of finance for smaller non-financial corporations

RBI's Subbarao highlights new ‘trilemma' facing central banks

Thu, 02 Feb 2012 17:26:04 GMT

Central Banking

Reserve Bank of India governor Duvvuri Subbarao says policy contribution of central banks to sustainable sovereign debt policies must be clarified to maintain independence

Australian central bank appoints new assistant governor

Thu, 02 Feb 2012 11:24:00 GMT

Central Banking

Reserve Bank of Australia promotes Christopher Kent to the position of assistant governor (economic); takes over from Philip Lowe when he becomes deputy governor

Governor of the Central Bank of the Philippines talks Basel III

Thu, 02 Feb 2012 10:23:00 GMT

Central Banking

Amando Tetangco explains how Basel III has a “perverse” impact on countries with strong fiscal discipline and why the Sifi designation is less important than rigorous regulation

FOIA request reveals financial holdings of Fed presidents

Wed, 01 Feb 2012 17:53:18 GMT

Central Banking

Regional Federal Reserve banks disclose financial records of presidents; documents show New York Fed’s William Dudley required temporary waiver for holdings in AIG and General Electric

Colombia's Uribe explains why he is still raising rates

Wed, 01 Feb 2012 17:14:00 GMT

Central Banking

Central Bank of Colombia governor, José Darío Uribe, says rapid credit growth and inflation risks outweighed concerns about global economy; adds monetary tightening has worked elsewhere

Ireland overhauls market abuse oversight rules

Wed, 01 Feb 2012 17:00:00 GMT

Central Banking

Markets supervision directorate at the Central Bank of Ireland will now monitor and investigate market abuses instead of Irish Stock Exchange; ends arrangement in place since 2005

Sri Lanka remembers suicide bomb victims

Wed, 01 Feb 2012 16:01:07 GMT

Central Banking

New memorial unveiled at the Central Bank of Sri Lanka to mark 16th anniversary of bomb attack on the institution; governor says terrorists failed in aim to paralyse economic growth

Estonia close to deciding on next governor appointment

Wed, 01 Feb 2012 12:32:00 GMT

Central Banking

Supervisory board nominates Ardo Hansson to take over from Andres Lipstok; Estonian president must now clear appointment

Bahrain completes transition to Iban

Tue, 31 Jan 2012 17:00:00 GMT

Central Banking

Commercial banks in Bahrain will now use international bank account numbers as preferred method for international and domestic payments

Venezuela completes repatriation of gold reserves

Tue, 31 Jan 2012 16:00:00 GMT

Central Banking

Final shipment of 14 tonnes of gold arrives in Caracas; governor certain the central bank has the capabilities to protect the precious metal

Central Bank of Turkey predicts inflation target overshoot until 2013

Tue, 31 Jan 2012 15:00:00 GMT

Central Banking

Central Bank of Turkey says inflation will not return to 5.5% target until mid-2013; officials want to prevent "unfavorable fluctuations" in economic activity by acting too soon

Commonwealth of Independent States group discusses policy responses to eurozone crisis

Tue, 31 Jan 2012 14:09:05 GMT

Central Banking

Commonwealth of Independent States hold first regional FSB consultative group meeting; members including Russia and Ukraine discuss possible policy actions to counter eurozone crisis