FMI
Roger Ferguson at the Bank of Philadelphia
SPEECH - Remarks by Vice Chairman of the Federal Reserve Board Roger Ferguson at the Federal Reserve Bank of Philadelphia, Pennsylvania on 4 September.
Fed's Ferguson - must monitor changes in payments
US - Federal Reserve Vice Chairman Roger Ferguson said on Tuesday 4 Sep the continued changes in the U.S. and world financial systems as well as the payment systems should continue to receive scrutiny from officials even though no problems are evident as…
Visa expects global slowdown to weigh on card use
CHINA - The worldwide growth in sales involving Visa credit cards is expected to slow next year in line with a global economic slowdown, Visa International Chief Executive Officer Malcolm Williamson said 3 September.
Online training to fight money laundering
UK - A new online training programme is being launched to try and prevent money laundering in the UK.
New notes pose problems for cash machines
SPAIN - Spain's Azkoyen, one of the world's leading cigarette and vending machine producers, is already cashing in on next January's launch of euro notes and coins.
Chile banks may soon pay interest on checking acc
CHILE - Banks might soon offer interest-bearing checking accounts to clients in Chile, after Central Bank President Carlos Massad on 28 August publicly invited the country's leading bank trade association to join in studying the matter.
Effective websites: not just a beauty contest
RESEARCH - Today we show two pieces of research on central bank web sites. The first is taken from the journal Central Banking, produced by Central Banking publications, the latest August 2001 edition. The second is an extract from an article published…
Central Bank's on-line banking system threatened
BRAZIL - The Central Bank may have to delay the starting date for its new on-line banking system, called Sistema de Pagamentos Brasileiro (SPB), from November.
UAE central bank launches real time settlement
UAE - The UAE Central Bank launched its new Real Time Gross Settlement System in UAE's Citibank and Abu Dhabi Commercial Bank on August 25, 2001.
Speech by Bob McTeer of the Dallas Fed
SPEECH - Bob McTeer, President and CEO of the Federal Reserve Bank of Dallas gave a speech on 23 August before the New Roads & E-Roads Conference, Dallas, Texas.
RBI links supervision with risk profile of banks
INDIA - The Reserve Bank of India (RBI) is planning to roll out a bank-specific risk-based supervision (RBS) system from the last quarter of the financial year 2002-2003.
HKMA call on banks to tighten credit card policies
HONG KONG - Hong Kong's central bank today 15 August called on the city's banks to tighten up their policies for issuing credit cards in an effort to combat an increasing incidence of bankruptcy.
EC put cards on the table and Visa comes up trumps
AUSTRALIA - The European Commission (EC) has approved Visa's rules on interchange fees for debit and credit cards.
High-tech credit card scam spreads
ASIA - International criminal gangs are using high-technology to steal thousands of credit card numbers at a time from trusting shoppers.
Slovenian Co to supply software to Bosnian c bank
BOSNIA - Slovenian computer company Aster signed a contract in the beginning of August 2001 with the Bosnian Central Bank for the implementation of accountancy and bank software.
Tanzania to suspend German currency printer deal
TANZANIA - The Tanzanian government has directed the central bank to rescind its decision to award a German currency printing firm a multi-million dollar tender to print banknote for Tanzania due to a recent report of mass misprinting by the company, the…
Bankers say no ATMs near casinos in border regions
THAILAND - The Thai Bankers' Association says that no members have automated teller machines or credit card approval terminals near or inside casinos located outside Thai territory along the Laotian and Cambodian borders.
Credit card use doubles in South Korea
SOUTH KOREA - Apparently boosted by a range of government measures encouraging the use of creditor cards, the daily use of credit cards almost doubled in the first half of this year from a year ago, the Bank of Korea said on 5 August.
Bank charges given support by Australian study
AUSTRALIA - A study by Macquarie University claims that banks are justified in charging high service fees.
OFT to become payments systems regulator
UK - Competition watchdog - UK treasury believes new powers will cut £1bn 'excess profits' made by banks.
Croatian payment settlement institute to be axed
CROATIA - The Croatian Payment Settlement Institute (ZAP) is to be abolished. Its functions will be divided between the central bank and commercial banks.
Credit card growth blamed for spiralling debt
AUSTRALIA - The proliferation of credit cards has contributed to the bad management of personal debt, according to NRMA Building Society research.
EU want equality of charges for payments
ARTICLE - EC news release, 25 July, Commission proposes principle of equality of charges for domestic payments and cross-border payments in euros.
Eurostat launches online economic database
UK - The European Union's statistical office Eurostat has launched a "Euro-indicators" subscription database aimed at economists and other professionals, some of whom complain that detailed data are hard to obtain.