Interesting publication from the Markets Committee of the BIS yesterday. It does a pretty full comparison of the practices of 16 of the major world central banks, covering what their targets are, how they carry out any prudential functions they have and lots of information on how they carry out their other duties.
The 16 covered are the members of the committee: Reserve Bank of Australia, Central Bank of Brazil, Bank of Canada, People’s Bank of China, Eurosystem (European Central Bank plus the national central banks of Belgium, France, Germany, Italy, the Netherlands and Spain), Hong Kong Monetary Authority, Reserve Bank of India, Bank of Japan, Bank of Korea, Bank of Mexico, Monetary Authority of Singapore, Sveriges Riksbank, Swiss National Bank, Bank of England and Federal Reserve Bank of New York.
It is a very useful start for anyone researching the operations of the central banks and for general information on them.
(Updated – link changed so you do not have to go hunting through the site from the press release. Thanks Sadashiv)
8 January, 2008 at 22:38
Interesting collate of information. They could have included each regulator’s position with respect to Basel II – their approach, timelines and speed of progress.
9 January, 2008 at 09:58
Maybe we should start a thread here with all of the national approaches – in fact – that will be the next post. I will work it up into a page once we have a few countries.
14 February, 2008 at 22:14
Can someone give exact link to this report on BIS..unable to find it on BIS
Thanks in advance
15 February, 2008 at 07:52
The BIS has a very annoying habit of hiding links. The links you want are: