Financial Regulatory Forum

Czech central bank sees banks withstanding shocks

February 23, 2010

    PRAGUE, Feb 23 (Reuters) – The Czech banking system will maintain sufficient capital adequacy in all projected scenarios of economic and market development, central bank stress tests showed on Tuesday. (more…)

Argentine Central Bank standoff shifts to Congress

January 26, 2010

By Helen Popper

BUENOS AIRES, Jan 26 (Reuters) – An Argentine congressional commission summoned top economic officials on Tuesday as it debates the president’s firing of the central bank chief in a row over using foreign reserves to pay debt.

Argentine battle over central bank reserves deepens

January 9, 2010

By Helen Popper

BUENOS AIRES, Jan 8 (Reuters) – An Argentine judge blocked the president’s plan to use Central Bank reserves to pay public debt and ordered the bank chief’s reinstatement on Friday, deepening a dispute that has rattled financial markets.

EU central banker Noyer wants more balanced currency system

October 13, 2009

European Central Bank board of governors member and Bank of France Governor Christian Noyer, June 25, 2009. (File Photo)  REUTERS/Benoit Tessier ROUEN, France, Oct 13 (Reuters) – Having a more balanced world currency system is a good idea but Special Drawing Rights are not an instrument that can replace the U.S. dollar, ECB governing council member Christian Noyer said on Tuesday.

Australia central bank raises rates, more expected

October 6, 2009

The Governor of the Reserve Bank of Australia (RBA), Glenn Stevens, pauses during an appearance before a parliamentary committee hearing in Sydney September 28, 2009.            REUTERS/Tim Wimborne   (AUSTRALIA BUSINESS POLITICS) By Wayne Cole
SYDNEY, Oct 6 (Reuters) – Australia’s central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.

India cbank: freer foreign bank entry undecided

September 10, 2009

Duvvuri Subbarao     MUMBAI, Sept 10 (Reuters) – India’s central bank is unable to decide on precise timeframe for freer entry of foreign banks into the country, its governor Duvvuri Subbarao said at a banking conference on Thursday. (more…)

ECB officials defend Basel as US plans replacement

September 4, 2009

Bank of France Governor Christian Noyer attends a conference organized by the Paris Club and Institute for International Finance (IIF) on the impact of the crisis on emerging and developing countries in Paris June 25, 2009.  REUTERS/Benoit Tessier LONDON, Sept 4 (Reuters) – European officials defended the globally-agreed Basel II capital rules for banks on Friday despite a U.S. call for its replacement with a sweeping new regime within three years.

Ukraine cbank to lift ban on forwards, spot FX deals

August 27, 2009

A man passes a foreign currency exchange rate board in Kiev July 30, 2009. The Ukrainian hryvnia currency has fallen in recent weeks, despite the central bank spending its foreign currency reserves, as people demanded to buy the dollar in times of economic uncertainty.   REUTERS/ Konstantin Chernichkin (UKRAINE POLITICS BUSINESS)    KIEV, Aug 27 (Reuters) – Ukraine’s central bank will end a ban on forward and spot trades on the foreign currency market as of Oct. 26, according to documents published on Thursday.

Obama to reappoint Bernanke to lead Fed – official

August 25, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009.  By Patricia Zengerle and Ross Colvin
OAK BLUFFS, Mass., Aug 24 (Reuters) – U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.

Fed to trim most margins on direct loans to banks

August 19, 2009

WASHINGTON/NEW YORK, Aug 19 (Reuters) – The U.S. Federal Reserve said on Wednesday it will trim the margins for most securities banks pledge to obtain loans from its discount window and Term Auction Facility.