Central Banks
RBA minutes reflect uncertainty over US and Japanese policy
Minutes of the June monetary policy meeting show uncertainty over effects of Japan’s easing and a possible slowdown of US policy; non-mining sector remains ‘subdued’
Carney appoints Bank of England's first-ever chief operating officer
Charlotte Hogg, currently at Santander, will become the most senior woman at the BoE; final decision to appoint was made by incoming governor Mark Carney
Robert Pringle’s Viewpoint: Rebalancing the fraught relationship between governments and central banks
The growing politicisation of central banking involves central bankers needing to make difficult judgement calls on the areas that lie outside of their competence
Carney's Bank of England should seek closer ties with ECB, says MEP Bowles
Sharon Bowles will raise issue of European co-operation at her first meeting with Mark Carney - saying it is even more of a priority now Paul Tucker is leaving
UK Payments Council prepares 'roadmap' for reform
'Payments Roadmap' seeks to boost competition and innovation in UK payments, even as a government consultation leaves the future of the Payments Council in doubt
Central banks laying the seeds for ‘crisis in fiat money’, says UK MP Baker
Chair of UK parliamentary group for economics says a sharp correction in developed world sovereign bond prices could spark a collapse in confidence and challenge the sustainability of fiat money
BoE research warns of self-fulfilling prophecy in 'speed-limit’ monetary policy
Working paper says targeting rates of change may not be as beneficial as some studies have suggested; could cause interest rates to become ‘pinned’ at the zero lower bound
EBA prepares for impact of single supervisory mechanism
Annual report for 2012 shows the European Banking Authority grew rapidly to meet the demands of a widening stability mandate, which will include working with the eurozone’s SSM
MAS penalises 20 banks for involvement in rate-rigging
Monetary Authority of Singapore says 133 traders attempted to manipulate financial benchmarks; punishes 20 banks, with ING Bank, RBS and UBS hit the hardest
ECB’s Asmussen details 'comprehensive assessment' of European banks
The European Banking Authority will conduct stress tests in second quarter of 2014, after initial ECB asset quality review and balance sheet assessment
Fijian governor praises private investment but concerned by export slump
Barry Whiteside attributes Fiji’s return to growth to the increase in private sector investment; urges export sector to ‘improve quickly’ to prevent further slide in trade deficit
Nabiullina faces ‘open question’ of how Bank of Russia will address growth
Elvira Nabiullina becomes Bank of Russia chairman on June 24; Deutsche Bank Russia research head plays down talk of an ‘excessive swing’ towards monetary easing
Bowles: Give ECB its ‘smoke and mirrors'
ECB's chief inquisitor says central banks must retain 'a certain amount of mystery' to keep fiat monetary systems going; interaction between ECB's monetary and supervisory arms will be 'difficult'
BoE’s Tucker sketches ‘richer’ capital accord
Paul Tucker gives a vision of what an ideal capital accord might look like in future including greater use of CoCos and longer-term debt; stresses this would still not remove the need for supervision
BoJ minutes show concern over bond market pressure ahead of QE taper
Members at the May meeting of the Bank of Japan’s policy board agreed on the need for a ‘flexible’ approach to bond purchases as fears over the end of QE in the US push up long-term rates
National Bank of Austria vice-governor faces bribery charges
Wolfgang Duchatczek and eight others charged with bribery in connection with note-printing deals with Syria and Azerbaijan
National Bank of Belgium urges care in use of credit conditions surveys
Analysis shows eurozone’s Bank Lending Survey and Belgium’s Survey on Credit Conditions contain useful information – but ‘crucially’ depend on model specification
ECB is capable of negative rates - but consequences are uncertain
ECB executive board member Yves Mersch says dangers include financial innovations to ‘emulate currency and allow tax avoidance' if deposit rates are moved below zero
BoE deputy Paul Tucker quits after 33 years
Deputy governor for financial stability will stay for Mark Carney's first few months as governor of the Bank of England, before leaving to spend a ‘period of time in academia in the US'