Central Banks
ECB welcomes Swedish draft law to order banks to supply cash
Proposed law follows Riksbank’s warnings on risks of Sweden’s rapid move away from cash
Swedish MPs propose dual mandate for Riksbank
Proposals aim to redefine institution’s role in monetary policy, financial stability and payments, while enhancing independence
Government cannot ‘grab’ central bank’s resources – Njoroge
CBK governor reiterates central bank-funded bailouts “never work”, as state agencies are forced to surrender excess securities and Treasury bills
Global house price growth slows, but China still surging
BIS figures show broad slowdown in growth, though prices are still rising fast in some places
New Zealand’s life insurers failing to improve conduct risk management – Orr
RBNZ “underwhelmed” by response from life insurers to conduct recommendations
Negative rates not to blame for low eurozone bank profitability – Fed paper
Rates and macroeconomic environment only make up third of shortfall, researchers find
Carney named UN special envoy on climate risk
Governor will join the UN’s staff on his departure from the Bank of England
Banks could be stuck with riskiest corporate loans during downturn – Fed paper
Researchers say loan syndication may leave banks unable to offload leveraged debt in downturn
IMF praises Haitian central bank but warns of ‘unprecedented crisis’
Central bank and finance ministry’s efforts are damaged by failure to form government – IMF staff
Tighter policy in large economies squeezes cross-border banking – paper
US monetary policy shocks play major role in bilateral bank lending – Bank of Spain paper
Weak data on sustainable assets threatens financial stability – Sarb
Industries vulnerability to climate-related risk is unknown, South African central bank says
El Salvador central bank chief quits after five months
President asked Carlos Federico Paredes to step down due to ongoing accusations of real estate scam
Indonesia’s central bank pledges major infrastructure changes
Five-year plan aims to upgrade payments infrastructure and boost inclusion rates
Chile launches biggest forex intervention in 20 years
Chilean peso has fallen by 14% against dollar since mid-October amid massive street protests
IMF approves new credit line for Mexico as fiscal outlook darkens
Central bank’s success in reducing inflation may be compromised by fiscal weakness
Will the ECB make climate change a policy goal?
Weidmann declared strong opposition to “green QE” as climate groups call on Lagarde to shift policy