Central Banks
BoE probes press conference audio feed leak
FCA investigates alleged leak of backup feed to third parties before main broadcast
ECB warns Lithuanian government over bank tax plans
Plan to tax banks’ assets could harm financial stability, particularly for weaker lenders, ECB says
Central banks need to avoid dependence on markets, officials say
ECB and Fed officials reflect on relation between bond market expectations and their policy decisions, in farewell conference for Benoît Cœuré
Claudio Borio says central bank independence is tied to globalisation
Both are underpinned by the same “economic and political zeitgeist”, the BIS economist says
BoE to test banks on climate risks over 30-year horizon
Unusual stress-test design reflects long horizon and interlinked risks posed by climate change
New Zealand launches next phase of RBNZ governance overhaul
RBNZ gains new governance board and formal financial stability remit
IADI highlights move to strengthen deposit insurance
Survey of 113 schemes finds they are becoming more generous and faster to pay out
Argentina woes deplete Uruguay’s reserves – IMF
Reserves drop from $15.6 billion to $14.3 billion in 12 months as dollar deposits also begin to rise
Benoît Cœuré attacks lack of political will by eurozone leaders
European single market needs serious reform, says retiring ECB official
EU to set up cross-border AML bodies for some banks
Banks working in more than three EU countries must have own anti-money laundering “colleges”
India’s approach to national biometric ID applicable to ‘all economies’
BIS paper examines how India created digital financial infrastructure as a public good
‘Sharp tightening’ can create multiple equilibria – New York Fed paper
“Multimodality” means economy could be stuck in “bad equilibrium” for a long time, authors warn
People: Logan to head NY Fed market ops; Norges Bank deputy departs
Lorie Logan and others get senior roles at the New York Fed; deputy steps down early from Norges Bank; payments firm Sia names new chairman
Australian dollar falls as RBA keeps rate cut on agenda
Central bank willing to provide more stimulus after economic reassessment due in February 2020
BoE and FCA move to tackle systemic risks in open-ended funds
Illiquid funds will be expected to impose a price discount or delay in event of investor sales; Mark Carney says issues are “increasingly appreciated” in global discussions
Leveraged lending creates challenges in UK stress tests
On some assumptions, banks would fail the tests; BoE to alter capital framework
ECB calls on Greece to redraft securitisation plans
Government should consider setting up new regulator for NPL-backed assets, says European Central Bank
Brexit uncertainties reduced Belgian exports to UK - NBB paper
Paper looks at impact on exports and imports of uncertainty caused by Brexit referendum
De Guindos: Boost eurozone banks’ countercyclical capital buffers
Increases in counter-cyclical buffers should accompany decreases in other capital ratios, says ECB vice-president