TOKYO Japanese Prime Minister Shinzo Abe on Monday instructed Finance Minister Taro Aso to watch currency markets "ever more closely" and take steps if necessary, in the wake of Britain's historic vote to leave the European Union.
TOKYO The Bank of Japan can hold off on expanding monetary stimulus if market turbulence caused by Britain's vote to leave the European Union proves temporary, a former central bank executive said on Monday.
PARIS French Finance Minister Michel Sapin said on Friday he would welcome London banks to Paris after Britain's vote to quit the European Union, using the "red carpet" metaphor in an apparent dig at British Prime Minister David Cameron.
LONDON Global regulators have proposed a raft of measures to curb contagion risks from the world's $76 trillion asset management sector, though stopping short of imposing tougher capital requirements.
LONDON The Financial Stability Board (FSB), which coordinates financial sector rules for the Group of 20 Economies (G20), set out 14 policy measures on Wednesday to stop asset management activities from destabilising the financial system.
TOKYO/SINGAPORE The British pound set a three-week high against the dollar on Tuesday, getting a lift after opinion polls swung in favour of the campaign for Britain to stay in the European Union.
TOKYO Finance Minister Taro Aso said on Tuesday that Japan would respond to rapid currency moves in line with G7/G20 agreements, although the country would not intervene in the market so "easily".
TOKYO Japanese Finance Minister Taro Aso on Friday fired off a warning shot against a recent rise in the yen, saying he was deeply concerned about "one-sided, rapid and speculative" currency moves and would respond urgently if necessary - a hint at possible yen-selling market intervention.
PARIS The Basel Committee's current proposals do not at this stage fully respect earlier commitments to not significantly increase overall capital requirements for banks, ECB Governing Council Member Francois Villeroy de Galhau said on Thursday.
TOKYO Japanese Finance Minister Taro Aso issued a fresh warning against renewed strength in the yen, saying that he would "firmly respond" if rapid and speculative moves persisted in the foreign exchange market.