samchain/econo-pairs-v2 huggingface dataset:
harvesh seegolam : speech - forum on public - private partnership in combatting financial crime speech by mr harvesh seegolam, governor of the bank of mauritius, at the forum " public - private partnership in combatting financial crime ", flic en flac, 8 december 2022. * * * the honourable pravind kumar jugnauth, prime minister, minister of defence, home affairs and external communications, minister for rodrigues, outer islands and territorial integrity dr the honourable renganaden padayachy, minister of finance, economic planning and development chairperson and members of the parliamentary committee excellencies and members of the diplomatic corps the director general of the icac the first deputy governor the second deputy governor the solicitor general heads of institutions members of the press ladies and gentlemen all protocols observed a very good morning to all of you. it is indeed a pleasure for me to be amongst you to mark the opening of the discussions on yet another major initiative in line with our commitment to continuously fight money laundering, terrorism financing and financial crime. together with other stakeholders and regulators, the jurisdiction, after an immense and unprecedented collaborative approach managed successfully to exit the financial action task force ( fatf ) list of jurisdictions under increased monitoring, commonly known as the'grey list'; the uk list of high - risk third countries ; and the eu list of high - risk third countries. this achievement would not have been possible without the full commitment and involvement of the government, authorities and the private sector. 1 / 4 bis - central bankers'speeches the institutional set up and mechanism put in place in mauritius during this process has indeed paid its dividends. the personal involvement of the honourable prime minister himself, all members of his ministerial committee, the core group on aml / cft, the national committee on aml / cft, the national sanctions committee, and the interagency coordination committee have collectively contributed to mauritius today becoming a role model in aml / cft for many countries. as we speak, we are collaborating with a number of other jurisdictions to partake our experience. at the level of the bank of mauritius, we have set up joint technical teams to assist 6 other central banks in africa and europe. this week itself, we are receiving at the bank a senior delegation from a counterpart african central bank to assist them. ladies and gentlemen, the criticality of aml / cft in maintaining the integrity of the financial sector, and by ripple,

promoting an effective aml / cft system. 3 / 4 bis - central bankers'speeches rest assured that the bank will spare no effort in ensuring that its licensees continue to adhere to the best aml / cft practices with a view to enhancing trust and confidence in mauritius as a premier international financial centre, in line with our future of banking strategy. with these words, i wish you all fruitful deliberations, and i thank you for your attention. 4 / 4 bis - central bankers'speeches
will further deploy additional measures to protect international reserves, as well as and to maintain control over inflation. today we are facing a perfect storm, but the nbu continues to stand strong to hold the financial frontline. we will keep taking decisions aimed at maintaining price and financial stability. this will enable ukraine to come out of this perfect storm stronger than before. thank you for your attention! 4 / 4 bis - central bankers'speeches

jean - claude trichet : interview with weser - kurier interview with mr jean - claude trichet, president of the european central bank, in weserkurier, germany, conducted by ms annemarie struß - von poellnitz on 11 february 2011 and published on 13 february 2011. * * * weser - kurier : is this your first time in bremen? trichet : yes, indeed. i ’ ve been to lubeck and hamburg, but i ’ m really eager to get to know bremen. weser - kurier : in 1978 bremen was the setting for the launch of the virtual single currency, the ecu. we ’ ve now had the euro for 12 years. although most germans accept the euro, they don ’ t love it. can you understand that? trichet : it is important to look at facts and figures. the euro is a stable and credible currency, and the european central bank is here to ensure that our currency serves its purpose well – namely ensuring price stability – for the german people and the 331 million citizens of the euro area as a whole. the euro has held its value remarkably well in the 12 years since it was launched, with an average annual inflation rate of below 2 % ( 1. 97 % to be precise ). that ’ s better than anything achieved by the national central banks before the introduction of the euro. our primary mandate is to maintain price stability, which we have done. weser - kurier : but fears of inflation are currently increasing. according to the german figures for january, which have just been announced by the federal statistical office, the inflation rate rose to 2 %, compared with 1. 7 % in december. this worries people. trichet : the average annual inflation rate in germany in the last 12 years has been 1. 5 %, which is even lower than the euro area average. i ’ ll say it again : that ’ s better than in the 50 years before the introduction of the euro. of course, we ’ re not the masters of the price of oil or other commodities. we ’ ve also witnessed large swings in the price of oil and other commodities in the past, mainly driven by strong demand from emerging economies. but people can rest assured that we ’ ll continue to do everything in our power to avoid the second - round effects of external shocks, thereby ensuring price stability in the medium term. weser - kurier : it ’ s not just commodity prices, but
of the repo market, underpinned by a closer integration with overseas markets to enable a wider variety of collateral to be mobilized across borders and currencies. in this regard, the hkma will continue to work closely with the industry to advance the repo market with a dual aim to provide a safe and more resilient source of funding, as well as to foster financial stability of the region. thank you. bis central bankers ’ speeches

peter pang : launch of the new cross - border collateral management service remarks by mr peter pang, deputy chief executive of the hong kong monetary, at the cross - border collateral management service signing ceremony and press conference, hong kong, 20 june 2012. * * * mr. grimonpont, mr. bhatia, ladies and gentlemen, good afternoon. it is my pleasure to welcome you to this signing ceremony. the bilateral agreements that i shall sign on behalf of the hong kong monetary authority with the euroclear bank and j. p. morgan today will pave the way for the launch of the new cross - border collateral management service, a critical building block of the cross - border bond investment and settlement platform launched in march 2012. the new service, which will commence on 25 june, will bring significant benefits to the contracting partners and the money market as a whole. for hong kong, it will advance the development of our repo market, enhance the stability of our financial system and strengthen further hong kong ’ s role as the global hub for offshore renminbi business. the repo market is a key component of major international financial centres. it serves as the link between the money and capital markets, and is vital to the well functioning of the financing channels. by providing credit enhancement through the use of securities as collateral, the repo market also serves as the lubricant that keeps the financial engine running particularly during times of risk aversion. the new collateral management service, with its cross - border, cross - system, cross - time zone and cross - currency capabilities, will provide an efficient repo infrastructure that will help develop the repo market in hong kong. the importance of the repo market as a financing channel has assumed added prominence since the outbreak of the global financial crisis in 2008. due to a combination of the large inflows of funds into hong kong in late 2008 and early 2009 and heightened risk aversion, the interbank money market has been less active in recent years and financial institutions have been more careful in lending funds to each other on an uncollateralized basis. the average daily turnover of the uncollateralized interbank market has dropped significantly, by 71 % from hk $ 286 billion in november 2007 to hk $ 83 billion in march 2012. the higher frequency of flight to quality, and resultant tightness in the global supply of us dollar, has also affected turnover in the currency swap market. the average daily turnover of
barry whiteside : microfinance and financial literacy development in fiji opening speech by mr barry whiteside, governor of the reserve bank of fiji, at the korovou microfinance expo, korovou, 19 may 2012. * * * the permanent secretary provincial development & multi - ethnic affairs, lieutenant colonel inia seruiratu the commissioner central, major bale tuitubou the roko tui tailevu, mr. semisi saukawa korovou town administrator, mr. jone bera microfinance clients and entrepreneurs representatives of banks and financial institutions government agencies and ngos the vanua of tailevu distinguished guests, friends, colleagues, ladies and gentlemen bula vinaka and a very good morning to you all. it is a real pleasure for me to be here today on this occasion to help open the korovou microfinance expo. i note that this is a first for your town and the feedback we have received since announcing our plan to bring the expo to tailevu has been very positive. i wish to acknowledge the tremendous support we have received from the commissioner central ’ s office, the roko tui tailevu, the principal of tailevu north high school mr. senikarawa, the northland rugby secretary and all the stakeholders here today in organizing this event. vinaka vakalevu! this is the first microfinance expo organized by the reserve bank this year and follows two we had in the maritime zone and at the suva hibiscus festival last year. our partners are here again today – the banks, other financial institutions, the non - bank financial institutions, investment agencies, government agencies, mobile network operators, ngos, microfinance institutions, the national centre for small and medium enterprise development and the micro enterprises and entrepreneurs. all are combining their efforts to promote greater awareness of financial inclusion. it is a good example of public sector, private sector and civil society partnership towards common goals. results are produced through such coordination and understanding. at the end of the day, it is the general population that will benefit from such collaboration. ladies and gentlemen, this microfinance expo in korovou is a rare opportunity for you ; we have brought microfinance and financial literacy to your door - step. i hope you will take advantage, and benefit from this opportunity. the occasion is meant to be educational and fun. apart from the abundance of useful information, services and products displayed and

presented by the institutions represented, there are also lots of giveaways for the children and the entire family. i urge you to make this a day where you take away something new in terms of your understanding of finance. please visit all the stalls where our stakeholders and colleagues are waiting eagerly to serve and assist you. and most importantly, please enjoy the day! with these few words i would like to kindly introduce mrs. lorine tevi, a member of the national financial inclusion taskforce, to enlighten you further in the vosa vakaviti. but before i do so, i have much pleasure in declaring the korovou microfinance expo open. vinaka vaka levu. end bis central bankers ’ speeches
of support for the msme sector which must be applauded. clearly it is important that the level of backup as i indicated earlier must be managed well. sponsorship ladies and gentlemen, i would like to express my sincere gratitude to our sponsors for this evening ’ s microfinance awards : the pacific financial inclusion programme ; anz bank ; life insurance corporation of india ; westpac banking corporation ; bank south pacific ; bank of baroda ; and, hfc bank. thank you for your continuous support and partnership in helping us recognise and appreciate our up and coming fijian businesses. awards this year we have introduced one new award category, the young entrepreneur of the year. the microfinance awards categories are now : 1. individual micro - entrepreneur ; 2. partnership micro - entrepreneurs ; 3. young micro - entrepreneur ; and 4. microfinance service provider. the winners for the individual, partnership and young micro - entrepreneur categories will each receive a cash prize of $ 5, 000 while the three runners up will receive $ 3, 000, $ 2, 000 and $ 1, 000 respectively. the institution category winners will receive trophies and we also have some merit awards. process this year we have received a total of twenty - nine entries, predominantly from viti levu and a few from kadavu, labasa, lau and gau. bis central bankers ’ speeches assessments for the individual, partnership and youth categories were based on business growth, use of local resources and creativity, adequate book - keeping, sustainability and compliance with government regulations. the assessment for the institution category focused on outreach, delivery channels and use of innovative technology and client protection. congratulatory comments ladies and gentlemen, all finalists for the 3rd national microfinance awards were selected by a panel of 3 judges representing the pacific financial inclusion program, the national centre for small and medium enterprise development and the reserve bank. i would like to congratulate all the winners of tonight ’ s awards and trust that you will seize this opportunity and use the additional financial windfall to further grow your businesses. for those who did not quite make the top award in your category, i urge you to continue to strive hard. i have found that nothing comes easy in life. we must work for it. i certainly wish all of you the very best over the coming years. introduction of chief guest ladies and gentlemen, it is now my privilege and honour to introduce our chief guest this evening, the honourable faiyaz koya, our

15th east afritac steering committee meeting officially open. thank you all and enjoy the rest of the evening. bis central bankers ’ speeches
so a possible interest rate hike would represent a return to conventional monetary policy terrain. and it is not so much the timing of the interest rate move that matters as the subsequent interest rate path which the fed follows. what would a return to normal policy rate conditions in the united states mean for the euro area and for germany ’ s banks? since 2013 we have observed that policy divergence between the united states and the euro area has had two knock - on effects. first, the differential between us and euro - area interest rates has widened ; second, the euro exchange rate has dwindled. this trend gained traction early this year when the eurosystem announced the large - scale purchase of government bonds. that increased the spread between us treasuries and german bunds and sent the euro plummeting against the dollar. so german banks need to remember that even if the fed raises its policy rates, the spell of low interest rates in the euro area looks set to continue. remember what i said just a few minutes ago – sitting tight and hoping for the best simply isn ’ t an option. and as far as possible exchange rate volatility is concerned, banks might theoretically be exposed to currency risk. two factors play a role here. the first is banks ’ funding gap in dollars. that gap measures the excess of a bank ’ s us dollar assets over its us dollar liabilities. the bigger this overhang, the more exposed the bank is to exchange rate risk. the second factor is the bis central bankers ’ speeches mismatch between the maturities of assets and liabilities denominated in us dollars. this maturity mismatch measures both exchange rate risk and interest rate risk. at the onset of the global financial crisis in 2008, both the funding gap and the maturity mismatch of german banks were very large indeed. when the forex markets dried up and german banks got cut off from us dollar funding, the central banks had to step in and lend a helping hand. since then, the ecb, to name but one, has been providing swap facilities, but the take - up now is virtually non - existent. german banks have reduced their vulnerability since those days, slashing their funding gap by downsizing their stock of us dollar assets. what remains substantial, though, is the scale of the maturity mismatch of their us dollar investments. however, the actual risk exposure here is relatively small, because german banks these days are much better hedged against currency risk

than they were just a few years ago. all in all, then, the expected interest rate reversal in the united states is unlikely to impact strongly on german banks – and it ’ s not as if the move is coming entirely out of the blue. and that ’ s a point worth noting, because there are three qualities that are crucial for any exit from an accommodative monetary policy – transparency, predictability and communication. we are unlikely to see a turnaround in euro - area interest rates in the near future. in closing, i would like to quote again from the alan parsons project : “ someday, you ’ ll know where you are ”. thank you for your attention. bis central bankers ’ speeches
just under one - third of the german general public own securities, and less than 20 % are involved in the stock market. [ 18 ] but everyone is affected by developments in financial markets – including the 70 % of people who don ’ t ( tonne ) own securities. teaching people how the financial system works, explaining what happened during the global financial crisis, illuminating frictions in financial markets, asking questions about the role that the financial system plays for society and welfare – all these aspects are key to the core concept. in this sense, i wish you every success with today ’ s conference, and hope the new german edition will stimulate interesting and insightful debate among students of economics. before i finish my talk today, let me mention that besides publishing our annual financial stability review and contributing to many international fora and policy discussions, we also invest in teaching and teaching materials. for example, we have made a video explaining why financial stability “ isn ’ t ( tonne ) boring ”. [ 19 ] we reach out and present our analyses in universities and schools, and we provide a comprehensive range of teaching materials for schools and teachers. thank you for your attention. 7 references basel committee on banking supervision ( 2022 ). evaluation of the impact and efficacy of the basel iii reforms. basel. buch, claudia, vogel, edgar, weigert, benjamin ( 2018 ). evaluating macroprudential policies. esrb ( europaische ausschuss fur systemrisiken ) working paper series 76. european systemic risk board. frankfurt a. m. buch, claudia ( 2021a ). the coronavirus pandemic as an exogenous shock to the financial industry. keynote speech at the hachenburg symposium. 10 september 2021. frankfurt a. m. buch, claudia ( 2021b ). the corona pandemic – economic consequences and economic policy responses. panel discussion verein fur socialpolitik annual meeting 2021. 28 september 2021. frankfurt a. m. buch, claudia, buchholz, manuel, knoll, katharina, weigert, benjamin ( 2021 ). why macroprudential policy matters in a monetary union. oxford economic papers, 23 august 2021. frankfurt a. m. buch, claudia, patzwaldt, katja, riphahn, regina t., vogel, edgar ( 2019 ). verstehen – entwickeln – testen – verbessern :

the excellent response that has been generated. ladies and gentlemen, the ball is now in your court to enliven this conference through your input and to use it to your own benefit. the expectations made of economic analysis are at least as high as those made of payment and securities settlement services. let us live up to the olympic motto of “ citius, altius, fortius ". for my part, i look forward to encountering multiple ingenious analyses and ideas and a lively exchange of information. thank you for your attention. 3 / 3 bis central bankers'speeches
you. i advise you to keep this in mind. 2 / 2 bis central bankers'speeches

karnit flug : implementing reform benefitting the public in israel remarks by dr karnit flug, governor of the bank of israel, at the knesset reforms committee, tel aviv, 14 december 2016. * * * mr. chairperson, honored members of knesset : i have come here today, moments before the vote on the law, to say several things : together, we have advanced a very significant and extensive reform, which was formulated through agreement after about a year of discussions. the bank of israel leads and will continue to lead this reform, professionally, with integrity, and focusing exclusively on the benefit of the public. the bank of israel has in fact already adopted very important steps to begin implementing the reform, some of them even before the strum committee completed its work ( for example, defining the terms for control of acquirers by the entities that will buy the credit card companies ), and others even before the legislative process was completed ( for example, the directive to separate the boards of directors of credit card companies from those of the banks that control them ). there are several reservations, not all of which were examined sufficiently deeply. for some of them, it is quite probable that their negative impact will outweigh their benefit — referring, of course, to the negative impact to the public. it is important to explain that ultimately it will be the bank of israel that will be charged with the responsibility to implement most parts of the reform, so it is therefore important that the bank of israel will lead, together with the ministry of finance and the ministry of justice, the enactment of the regulations in various areas. specifically, with regard to the financial information sharing law, i note that several days ago we discussed the issue, in view of its complexity, and formulated an agreement — the minister of finance, me, committee chairperson eli cohen, and others — on the outline that we felt is responsible and appropriate. this outline is completely undone in the proposal, that i am surprised to understand the ministry of finance and the committee chairperson support, on which you are about to vote. i will explain : the addition of information on interest on credit facilities to the section dealing with the sharing of financial information is meant to serve precisely the same end that the credit data law is meant to serve, which is to lead to enhanced competition in credit. it is absolutely clear that including this information adversely impacts the realization of the objective of the credit data law. this negative impact was focused on yesterday by the deputy