Central Banks
Podcast: Post-crisis monetary policy
Many things behave like money in the modern economy and central banks have not yet figured out how to control them all, says Andrew Metrick
Bank of Israel launches surprise rate hike
Interim governor oversees first rate hike since 2011
Basel Committee points to delays in adoption of Basel III standards
Only 10 of 27 jurisdictions have final rules for Net Stable Funding Ratio
ECB and EBA action may have limited CoCo contagion – BoI paper
Deutsche Bank CoCos spread volatility throughout European banks in 2016, researchers find
Quarles and Knot confirmed for top FSB roles
DNB president set to take full chairmanship after three years
Rwanda upgrading payment infrastructure on all fronts – annual report
Government officials no longer have to visit the central bank to make a transaction
Brexit set to transfer powers to UK regulators
Government to replace EU financial institutions’ powers with UK versions, says FCA, which will gain oversight of credit ratings and trade repository regulation
Singapore’s financial system resilient amid increased global risks – MAS
Despite headwinds the financial system can withstand ‘severe shocks’, the central bank says
Policy-makers need to tackle ‘liquidity illusion’ – Carstens
BIS chief warns asset managers may contribute to sudden withdrawals of liquidity; emerging markets should be willing to try unorthodox policies
People: Israeli government confirms Flug successor
Riksbank’s Eberstein and Lundholm re-elected; Central Bank of Ireland expands prudential supervision department
Banking union needs political courage – senior ECB supervisor
MREL ratios only gradually phased in while deposit insurance is non-existent, Angeloni says
Greek central bank suggests switching €7.5 billion in bad assets to new entity
Uncertainty over whether government or European Union will accept suggestion
FSB highlights more work to do on global reforms
Documents released ahead of G20 argue for additional efforts in several areas
Esma acts to give UK-based CCPs EU access if ‘hard Brexit’ occurs
Banque de France governor says equivalence must last “no more than a year or so”
Ageing population could harm policy transmission – BoE’s Saunders
Interest rates’ “cashflow channel” may weaken, says MPC member
Brexit vote has hurt UK investment – IMF paper
Researcher presents proxy term for UK firms’ exposure to Brexit costs
QE has persistent impact on foreign exchange, researchers find
European Central Bank QE caused euro to fall 12% against dollar - Dallas Fed paper
Bank of Canada steps up financial stability research efforts
Economy faces risks from in-household debt, housing and cyber attacks, senior policy adviser says