Central Banks
Limited liability leads to excessive risk-taking: IMF paper
Fund study shows excessive risk-taking by banks increases as the interest rate decreases
BoE’s Salmon discusses latest banknote security features
Bank of England banking services executive director Chris Salmon explains use of motion thread in new £50 banknote
Kenya selects finance ministry official as new deputy governor
Deputy director of debt management at the finance ministry chosen as deputy governor for central bank; tasked with improving capacity in monetary policy management
ECB threatens to stop trading swaps with US counterparties
ECB invokes US legal amendment providing it with broad immunities and says it might stop using US dealers unless granted exemptions from Dodd-Frank Act rules
Vatican calls for global central bank
Vatican social policy experts say global leaders should establish global central bank to address problems in international monetary system; says IMF failed to stabilise financial system
Treasury Select Committee grills King
Bank of England governor faces quick-fire questions on quantitative easing and lending to small and medium-sized enterprises; discusses the timing of the latest asset purchase programme boost and reminds government of their responsibilities
Finland reveals board member applicants
Candidates represent a lively cross-section of career paths; existing board member Pentti Hakkarainen submits application
Liquidity concerns explain high level of cash transactions: Bundesbank paper
Bundesbank study says high percentage of cash transactions due to consumers' willingness to monitor liquidity
Credit booms fuelled by lax monetary policy: IMF paper
Fund study says accommodative monetary policy was main driver of credit booms in last half century
EMEs have scope to respond to a global slowdown: RBA’s Battellino
Reserve Bank of Australia deputy governor Ric Battellino says emerging market economies have capacity to respond to decline in weakness in global demand
BoE’s Haldane discusses broad reforms
FPC member calls for comprehensive reform of bankers’ remuneration and warns Basel III may not go far enough
ECB announces new T2S start date
European Central Bank announces T2S project to launch in June 2015; key changes demanded by Advisory Group behind delays
Chinese officials jailed over information leaks
Two government officials are given lengthy prison sentences; found to have leaked information on economic growth, retail sales and inflation figures
Uganda defends monetary policy
Executive director of research at the Bank of Uganda releases a statement explaining the central bank’s monetary policy; outlines what policy can do and what it cannot
Identifying Sifis: Central Bank of Colombia paper
Central Bank of Colombia releases a working paper outlining a method to establish the systemic importance of financial institutions; offers an alternative method to the BIS
Bank of Finland paper explains patterns of privatisation in Russia
Bank of Finland working paper investigates the privatisation of Russian industrial land across regions and firms