Financial Regulatory Forum

Fed mulling debt sales as U.S. economy recovers

February 17, 2010

By Pedro da Costa and Mark Felsenthal

WASHINGTON, Feb 17 (Reuters) – Several Federal Reserve policymakers want to begin selling securities relatively soon to cut back on the massive amount of cash they have poured into the financial system, the U.S. central bank said on Wednesday.

ECB’s Tumpel-Gugerell says economy past worst

November 12, 2009

Gertrude Tumpel-Gugerell, member of the Executive Board of the European Central Bank,(AUSTRIA)   ROME, Nov 12 (Reuters) – The worst of the global recession is over with signs mounting of a slight pick-up in activity, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said on Thursday.

S.Korea president: world economic crisis not over

October 13, 2009

South Korean President Lee Myung-bak    SEOUL, Oct 13 (Reuters) – South Korean President Lee Myung-bak said on Tuesday it was premature for the country to end its crisis management status, saying the world economy was not out of the woods yet. (more…)

ANALYSIS-Obama faces clamor for action on economy

October 9, 2009

By Caren Bohan
WASHINGTON, Oct 8 (Reuters) – As the U.S. unemployment rate climbs toward 10 percent, President Barack Obama is facing a rising clamor from within his Democratic party to take new steps to lift the economy and jump-start job growth. (more…)

IMF, World Bank warn global cooperation may falter

October 2, 2009

World Bank Group President Robert Zoellick enters the room to give a speech about the political and economic impact of the global economic crisis, and its implications for development and globalization, in Washington September 28, 2009. Zoellick sounded a cautionary note about granting greater regulatory power to the U.S. Federal Reserve and said the Dollar's future will "depend heavily on U.S. choices," during a speech on Monday.   REUTERS/Molly Riley   (UNITED STATES POLITICS BUSINESS) By Lesley Wroughton
ISTANBUL, Oct 2 (Reuters) – The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter if complacent policymakers lose their will to cooperate.

HIGHLIGHTS-Officials’ comments at end of G20 summit

September 26, 2009

U.S. President Barack Obama (R) and White House trip director Marvin Nicholson arrive at the Phipps Conservatory for an opening reception and working dinner for heads of delegation at the Pittsburgh G20 Summit in Pittsburgh, Pennsylvania September 24, 2009. REUTERS/Philippe Wojazer (UNITED STATES POLITICS BUSINESS) PITTSBURGH, Sept 25 (Reuters) – Following are excerpts of comments by leaders and other officials from the Group of 20 on Friday at the end of their two-day meeting in Pittsburgh. (more…)

G20 economic peer review to start by year-end: Australian premier

September 26, 2009

PITTSBURGH (Reuters) – The world’s major economies will begin sharing information about their growth plans by the end of 2009 as the G20 embarks on a novel process of peer review, Australian Prime Minister Kevin Rudd said on Friday.

BoE’s King sees signs growth starting to return

September 24, 2009

A video grab image shows Bank of England governor Mervyn King speaking to parliament's Treasury committee in London March 24, 2009. The euro hit a session low against a buoyant pound on Tuesday after King said he saw no reason why the pound should go any lower. The euro fell to a session low of 91.72 pence, 1.9 percent lower on the day. It was last at 91.83 pence. The pound was also 1.2 percent higher at $1.4743.  REUTERS/ Parbul TV via Reuters TV (BRITAIN BUSINESS POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS    LONDON, Sept 24 (Reuters) – Britain’s economy is showing signs of recovery, but any improvement is likely to be small compared to the sharp drop in output caused by the global financial crisis, Bank of England Governor Mervyn King said in an interview published on Thursday. (more…)

BIS chief warns against bank rebound complacency-FT

September 21, 2009

Jaime Caruana, Governor of the Bank of Spain and Chairman of the Basel Committee on Banking Supervision attends a news conference at the Bank For International Settlements (BIS) in Basel, June 26, 2004. Central bank governors and the heads of bank supervisory authorities in the Group of Ten (G10) industrialised nations approved a sweeping rewrite of global safety rules known as Basel II. REUTERS/Sebastian Derungs  STD/CR/    LONDON, Sept 20 (Reuters) – The world should not assume that the financial sector has rebounded for good, despite stock market rallies, the head of the body that oversees global banking regulation said in the Financial Times on Monday. (more…)

ECB’s Noyer-world economy recovering faster than seen

September 9, 2009

FRANCE/   PARIS, Sept 9 (Reuters) – The world economy is improving at a much faster pace than forecast but government and central bank stimulus must stay in place, European Central Bank Governing Council member Christian Noyer said on Wednesday. (more…)