Central Banks
Risky loans reach pre-crisis levels as banks are increasingly bypassed, warns BIS
Basel-based organisation also frets over impact on corporate bond markets from interest rate normalisation; cross-border lending falls in Q2 as non-banks play increasingly important role
Malaysian deputy laments ‘price distortion’ between cheques and electronic payments
Muhammad bin Ibrahim says the $240 million spent on processing cheques by the Bank Negara Malaysia each year is a ‘huge and sheer wastage’ and could be avoided by more accurate pricing
Kuroda calls for research into political constraints on monetary policy
Bank of Japan governor Haruhiko Kuroda stresses the need to understand more about the ‘political and administrative feasibilities’ that bind monetary policy
National Bank of Belgium weighs reduction in one and two cent coins
Belgian central bank considers merits of allowing traders to round cash and electronic payments to the nearest five cents in a bid to render one and two cent coins ‘unnecessary’
MAS launches two-year technical assistance programme for neighbouring central banks
The Monetary Authority of Singapore will provide training activities and forums for 190 central bank officials from Cambodia, Laos, Myanmar and Vietnam between now and 2015
Philippine governor touts country's microfinance expansion
Amando Tetangco outlines ways in which the central bank has facilitated developments; says recent catastrophe underscores the need for 'microinsurance'
Bank of Canada's Tiff Macklem quits half way through seven-year term
Senior deputy governor has been appointed dean of University of Toronto's Rotman School of Management; lost out to Stephen Poloz in race to succeed Mark Carney earlier this year
SSM offers best chance of successful regulation, says Cyril Roux
Irish regulator-in-chief says supervisory authorities suffer from in-built weaknesses that the SSM may go some way to overcoming
Reserve Bank of New Zealand looks to ramp up ‘alternative' communication
RBNZ doubles down on speeches and alternative media channels such as videos and infographics to cut through post-crisis ‘noise'; follows Riksbank's communication strategy overhaul earlier this week
Link between ECB liquidity ops and interbank repo breaks down in crisis
Researchers at the New York Fed find that the relationship between ECB monetary policy operations and interbank borrowing did not survive the collapse of Lehman Brothers and associated crisis
ECB's Cœuré says euro members 'not strong enough to survive on their own'
Executive board member urges return to 'original vision'; says banking union 'not achieved by mutualising risks' and calls for increased German consumption
People: FCA hires regulator from Irish central bank; NY Fed appoints new international head
Central Bank of Ireland loses another regulator, as Andy Coulson quits for UK's FCA; New York Fed replaces Checki as head of emerging markets and international affairs, with outside appointment
RBI consults on treatment of domestic systemically important banks
Reserve Bank of India releases proposals for identifying domestic systemically important banks and increasing their capital requirements; state-owned banks may need capital injections
Bolivian central bank under fire for lending to public enterprises
IMF tells CentralBanking.com the unorthodox practice is ‘counterproductive' and out of step with international norms; bank's constitutional mandate and lending arrangement makes loans legal
Unexpected increases in Fed funds rate prompt gold prices to rise
Atlanta Fed working paper examining futures data between 1998-2008 finds that unexpected changes in the Fed's monetary policy can influence commodity prices
Norges Bank issues ‘secret' advice on prudential regulation
Norwegian finance ministry will publish central bank recommendations on countercyclical buffers only once it has decided whether or not to follow the advice; bank holds interest rates at 1.5%
ECB ‘ready and able to act’ as staff lower inflation forecasts
European Central Bank holds key interest rate at 0.25% as staff predict inflation drop in 2014; Draghi says governing council is willing to use ‘all available instruments’
IMF warns Nigeria over large portfolio flows
Fund commends 'appropriate' monetary stance but warns of economic vulnerabilites caused by portfolio flows and dependency on oil receipts
New York Fed launches 'consumer expectations survey'
The Federal Reserve Bank of New York will launch monthly survey on consumer expectations early next year; project anchors newly inaugurated microeconomic research centre