Latest posts
Montenegro: New Central Bank Law and Financial Stability Law
The Parliament of Montenegro has adopted a new Central Bank of Montenegro Law replacing the old Law (except for the provision on Montenegro's legal tender. The new CBM Law is part of new financial system legislation package including a Financial Stab...
Venezuela: Amendments to Central Bank Law (UPDATED)
Following up on my earlier post regarding changes in the Law of the Central Bank of Venezuela, here is the link to the amendments adopted earlier this year (UPDATE: including a consolidated version of the Law)--in Spanish only.
Venezuela: Amendments to Central Bank Law
Following up on my earlier post regarding changes in the Law of the Central Bank of Venezuela, here is the link to the amendments adopted earlier this year--in Spanish only.
Kosovo: New Central Bank Law
The new Law on the Central Bank of the Republic of Kosovo (CBK) has come into force, revoking the old CBK Law.
Global Regulation of the Financial System
Global Policy has published a few articles related to global regulation of the financial system: Global Financial Regulation after the Credit Crisis by Howard Davies, Director, London School of Economics and Political Science Global governance after...
Governance Dutch Central Bank To Be Changed
This week The Netherlands' Minister of Finance announced changes to the governance of De Nederlandsche Bank (DNB, the Dutch central bank and prudential supervisor of the financial sector). The Minister will send Parliament proposals to change the cen...
Basel Committee reaches broad agreement on capital and liquidity reform package
From the BIS website: "The Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, met on 26 July 2010 to review the Basel Committee's capital and liquidity reform package ...Governors and H...
The Future of The Euro
Lorenzo Bini Smaghi explains "Why the Greek Crisis Will Not Ruin Europe's Monetary Union" in the current issue of Foreign Affairs. Bini Smaghi is a member of the Executive Board of the European Central Bank. Here is an excerpt: "Foreca...
China: reforming the Renminbi/Yuan exchange rate
Today, the People´s Bank of China announced that it has decided to proceed further with reform of the RMB exchange rate regime and to enhance the RMB exchange rate flexibility. Please follow the links below for further info: - PBC's announcement - S...
Euro Area Enlargement 2011
At its recent meeting the European Council welcomed the EU Commission's proposal that Estonia adopt the euro on January 1, 2011. Estonia is going to be the 17th member of the Euro Area. See item #26 in the Council's conclusions of June 17, 2010.
The role of central banks after the financial crisis
Speech by Mr Jose De Gregorio, Governor of the Central Bank of Chile, delivered at the Bank of Korea International Conference 2010 (Seoul, 31 May-1 Jun).
Central bank co-operation and international liquidity in the financial crisis of 2008-9
Yesterday, the BIS published a Working Paper entitled 'Central bank co-operation and international liquidity in the financial crisis of 2008-9'. Abstract (from BIS website): The financial crisis that began in August 2007 has blurred the sharp distinc...
The mandate and roles of Asian central banks
At the Bank of Korea International Conference 2010 “The changing role of central banks” (Seoul, 31 May 2010), Dr Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia, gave a keynote speech on the development of mandates and roles of Asian c...
Central Bank Laws That Are Being Revised
Reportedly, the following countries are in the process of revising, or just recently revised, their central bank laws. Poland--Parliament has amended the Act on the National Bank of Poland “to ensure all the duties of the governor can be undertaken...
An Autopsy of the Financial System: Suicide, Accident, or Negligent Homicide
On the World Bank blog 'All About Finance' you will find an interesting post and video by Professor Ross Levine. The post summarizes his presentation at the World Bank on April 28 entitled 'An Autopsy of the Financial System: Suicide, Accident, or Ne...
Macroprudential instruments and frameworks: a stocktaking of issues and experiences
The Committee on the Global Financial System has published a report summarizing a preliminary "stocktaking"of issues and experience related to the design and implementation of macroprudential policy. The production of the report was oversee...
European financial stabilisation mechanism
The EU's finance ministers have adopted a regulation establishing a European financial stabilisation mechanism with a total volume of up to 500 billion euros. The mechanism is part of a comprehensive package of measures to redress the financial situa...
German Constitutional Court Rejects Greek Challenge; for the time-being
Germany's Constitutional Court has refused to grant a temporary injunction blocking Germany's contribution to a European aid plan for Greece. The Court will later consider whether Germany's €22.4 billion ($28 billion) contribution violates European...
Second Biennial Global Conference of the Society of International Economic Law (SIEL)
SIEL is getting together in Barcelona/Spain for its second biennial global conference, July 8-1-, 2010. The conference committee seeks proposals for paper presentations and conference panels. For program and registration info see the conference websi...
Unidroit: Research Scholarships Programme
Deadline for submission of applications for the 2010-2011 term: 6 May 2010. Further details available at "Research Scholarships Programme" page.
