Central Banks
Riksbank says all banks should be ‘obliged’ to continue cash services
Central bank goes “a step further” in ensuring government legislation keeps cash alive in Sweden
Norwegian government recommends Norges Bank retain control of SWF
Finance ministry also proposes creating a committee for monetary policy and financial stability at central bank
Basel Committee moots changes to leverage ratio
Regulation could be amended to mitigate central clearing impact; committee also critical of banks’ “window dressing” behaviour
Sarb’s Groepe says inflation could rise further without policy action
South African Reserve Bank plans five hikes of 25bps by 2020
BoJ governor offers advice on domestic resilience to external shocks
Central bank co-operation and communication are crucial for domestic resilience, Kuroda explains
Further US tightening risks recession – St Louis Fed president
Bullard says rates “don’t have to go anywhere” but Bostic warns of potential overheating
Iranian central bank looking for alternative to Swift, local media says
Russia and China might be willing to help circumevent sanctions, expert says
Not raising rates could hurt credibility – Mexican board member
Bank of Mexico publishes committee votes in attempt to improve transparency
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
Venezuela says it will drop US dollar for euros
Maduro government’s plan cannot succeed, expert says
Inflation expected to reach 10% in Malawi
Rising electricity, food and fuel prices forces inflation well beyond central bank target
Basel Committee finalises streamlined stress-testing guide
Updated principles reflect “rapid evolution” of stress-testing since 2009
China’s exchange rate poses major challenge to fairer trade – US Treasury
Renminbi has fallen by 6.25% against US dollar in 2018, reserves have declined by $74 billion
Regional financing bodies agree to deepen co-operation
All three major regional financing funds now linked by MoUs
Is Donald Trump undermining the Fed’s independence?
Persistent commentary could impact policy-making, but dialogue is necessary, says one observer
Fed’s QE programme changed US corporate financing – BdF paper
Conventional monetary policy and QE have very different transmission mechanisms – researchers
Daly favours Fed’s gradual normalisation policy
The San Fran Fed president will be voting in the next FOMC meeting on November 7-8
Exchange chiefs back Giancarlo in tussle over CCP oversight
CFTC may block US CCPs from acceding to EU supervision
Debt poses a threat to African monetary policy – BIS paper
Central bankers could use their influence to encourage government prudence, authors say