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…)
Financial Regulatory Forum
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.
The commission’s decision is non-binding, but President Cristina Fernandez wants it to give its opinion quickly to end a crisis at the Central Bank that has rattled financial markets and raised concerns a planned debt swap could be delayed.
“For there to be certainty about Argentina, the commission must reach a conclusion on the removal of the former president of the Central Bank this week,” said Miguel Angel Pichetto, head of the ruling party bloc in the Senate.
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.
Moments after a court ruled to reinstate former Central Bank President Martin Redrado, he returned to the bank, waving at television cameras. A day earlier, President Cristina Fernandez fired Redrado for opposing her debt plan.
Despite the court rulings, local media said an interim bank chief was taking steps to move $6.6 billion in foreign currency reserves to the treasury. “It’s like a science fiction movie,” a central bank employee told Reuters.
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.
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.
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.
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.
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.