Central Banks
CBRT holds main rate steady at 24%
Turkish central bank keeps rates high as signs emerge of a “rebalancing trend” in the economy
Growth keeping global debt-to-GDP just below all-time high – IIF
Latest monitoring report puts debt at three times global GDP, with some countries especially vulnerable
BoE’s leveraged loan research draws interest from overseas
UK exposures are modest but firms in US and Japan have bigger holdings of CLOs, which carry echoes of the subprime mortgage crisis
Sarb’s mandate will not change, president Ramaphosa says
Officials move to clarify manifesto claim following backlash
Private mints to help with £1 overseas distribution
Royal Mint will provide blanks for overseas territories but design and distribution is responsibility of individual regions
Bhutan strengthens relations with India through payment co-ordination
New proposals will limit the number of tourists having to bring cash into the countries as ATMs and POSs become interoperable with local cards
Moldovan central bank suspends rights of lenders’ shareholders
Move is latest effort to enforce law in notoriously difficult banking sector
Lebanese central bank orders wire services not to use dollars
Economy under strain from political division, fiscal shortfall and refugee crisis
Key Brexit vote complicates outlook for UK economy
Vote this evening leaves UK’s political and economic future uncertain; analysts optimistic on outlook for sterling
Low US unemployment unlikely to foster sudden wage growth – research
Fed projections see unemployment rate falling to 3.5% by the end of 2019
MAS to gain powers over wider set of payment services
Central bank will also enforce new limits for coin payments
Fed diversity is focus of new legislation
New bill would ensure at least one gender- and one ethnically-diverse candidate are interviewed for vacant president roles
Basel Committee softens impact of revised market risk framework
Final framework cuts expected increase in average capital requirements almost in half; committee may consider some further rule-making in 2019
Supervisory lessons: resolution is a ‘dirty business’
Former Bank of Spain head of supervision Aristóbulo de Juan reveals his principles for resolving problem banks in the final article of a four-part series
European auditors ask lawmakers for increased access to ECB documents
ECB has failed to provide sufficient information in three major audits, official body says
Central Bank of Brazil looks back at its 54-year history
Governor Ilan Goldfajn reflects on how central bank has fostered economic stability