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Liquidity risk: finding the right balance amid growing challenges
2023 banking turmoil is leading to a rethink of liquidity requirements, writes Manoj Singh
BoE publishes design blueprint of digital pound
“No decision has been made” on whether to proceed with retail CBDC, central bank emphasises
Trump 2.0 bank supervision: simpler but no soft touch?
Republican FDIC vice-chair Travis Hill wants more focus on financial risk instead of process
Benchmarking
Finland’s fintech head on retail CBDCs versus instant payments
Payments unit leader Aleksi Grym discusses overlaps and synergies for retail CBDCs and instant payment systems in Finland and the eurozone
Over 60% of risk departments face staff and resource shortages
Teams that face hiring challenges generally have to make do with smaller risk departments
West Balkan central banks to create instant payments system
Albania, Bosnia and Herzegovina, Kosovo, and Montenegro to launch Tips clone in 18 months
NBER paper explores sources of ‘geoeconomic power’
Authors write of “urgent need” to understand “new era of geoeconomic rivalry”
FDIC vice-chair heralds likely changes under Trump 2.0
Hill suggests looser regulation and ignoring climate risks will be focus under new administration
BoJ to discuss whether to raise rates, deputy governor says
Ryozo Himino says policy-makers need to monitor wage growth and future US policies
CNB’s Aleš Michl on tackling inflation, Friedman’s legacy and ditching DSGE
Czech governor speaks about policy mistakes, targeting M2, diversifying into equities and gold, and ending interest on minimum reserves
Editor's choice
Accounting for banknotes
Three leading experts on central bank finances debate the appropriate treatment of currency
Central bank watch: watchful and wary easing ahead
Franklin Templeton assesses the monetary policy outlook for the Group of 10 central banks, as well as China and South Korea, as 2025 begins
Madagascar’s governor on targeting M3 over inflation
Central Bank of Madagascar head Aivo Andrianarivelo speaks about introducing an interest rate corridor, diversifying from dollars to gold, using instant payments to bolster inclusion and drawing on IMF sustainability funding
Economics Benchmarks 2024 report – making models work
The benchmarks this year include more granular details on key model design features
Benchmarking
Over 60% of risk departments face staff and resource shortages
Teams that face hiring challenges generally have to make do with smaller risk departments
Inter-bank working groups
Facilitating connections between central bankers across the globe to promote the exchange of expertise and support collaboration.
Upcoming meetings include: Cyber risk management, social media in communications and upgrading forecast models.
Central banking amid uncertainty and Trump 2.0
Deglobalisation set to challenge the central banking orthodoxy of the past 40 years
Awards
The winners of the 2024 FinTech & RegTech Global Awards
Seventh annual tech awards recognise excellence among central banks and the private sector
Global Impact Award: Swiss National Bank
The SNB is recognised for its pioneering live wholesale CBDC and monetary policy operations on distributed ledger technology
Pioneer Award: Bank of Namibia
Bank of Namibia’s Automation Centre of Excellence has elevated its use of suptech, enhanced monetary policy decision-making and automated government payments
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
Book reviews
Book notes: Default: the landmark court battle over Argentina’s $100 billion debt restructuring, by Gregory Makoff
Book notes: A fly on the RBI wall: an insider’s view of the central bank, by Alpana Killawala
Book notes: The bankers’ new clothes, second edition, by Anat Admati and Martin Hellwig
Book notes: The road to freedom: economics and the good society, Joseph E Stiglitz
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Central bank watch: watchful and wary easing ahead
Sustainable development: central banks taking the lead
Advancing monetary policy tech in the new economic landscape
Regtech and suptech in central banks: 2024 survey
Survey results: global trends in regtech and suptech for central banks
Global Technology Partner: ACI Worldwide
Geoeconomic reserve management
Suptech adoption: strategy and capacity building drives supervisory transformation
The long and short of it: from ‘new normal’ to ‘old ordinary’
