International
Reserve Benchmarks 2021 report – in search of liquidity
Insights on portfolio management during the Covid-19 shock, staff and technology adaptation during the crisis, and the rise of green bonds as a reserve asset
Central banks sign up to Fed’s Fima facility
Reported usage is marginal, but backstop is highly valued by reserve managers
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
Reserve coverage remains at adequate levels despite Covid
FX interventions to tackle capital outflows have not meaningfully reduced portfolios globally
BIS launches third green bond fund in Asia
Asian Development Bank and BIS aim to foster issuance of safe green assets
Podcast: Payment networks of the future
Liz Oakes (Mastercard) and Somya Patnaik (ACI Worldwide) discuss how central banks can ensure consumers get the most out of new payment infrastructure
Gita Gopinath to leave IMF
Fund’s first female chief economist is set to return to Harvard
Payments Benchmarks 2021 – presentation
Central Banking’s payments subject matter specialist Rachael King speaks with Christopher Jeffery about payments, staffing and salaries, mandates, oversight, and RTGS renewal
Permanent or transitory? Officials wrestle with inflation uncertainty
Bailey warns of possible damage to credibility, but Carstens urges caution amid high uncertainty
IMFC backs new trust to channel resources to vulnerable economies
Resilience and Sustainability Trust would offer support to a wider set of countries and could be used to share out special drawing rights
G7 says retail CBDC networks should be carbon neutral
Group of Seven outlines 13 retail CBDC principles in new report
BIS paper finds flaws in green taxonomies
“Taxonomy of taxonomies” proposes tackling weaknesses in categorisation of green assets
Time to ‘future-proof’ central banks – Sibos panel
Central bankers prepare for CBDC issuance as stablecoin threat eases
Georgieva promises to learn lessons from ‘Doing Business’ controversy
IMF chief says she will have “candid discussion” with staff after accusations of improper conduct
IMF: growth prospects dim as pandemic lingers
Fund revises down growth forecasts, warning of inflation, disruption and divergence
Covid-19, crypto and climate weigh on global economy – GFSR
Central banks face difficult “intertemporal trade-offs”; poorer nations unlikely to regain pre-Covid growth levels for “many, many years”, says IMF’s financial counsellor Tobias Adrian
Crypto asset transactions hit ‘macro critical levels’ – IMF GFSR
Crypto valuations “already systemic” in “many countries”, international rules "probably some time away", says IMF’s Adrian
Georgieva keeps job as Yellen promises further scrutiny
Evidence did not “conclusively demonstrate” the IMF chief played an “improper role”
Cubero calls for expanded IMF role
Costa Rica governor endorses Resilience and Stability Trust proposal
Social bonds gain importance as a reserve asset
More than two-fifths of benchmark respondents invest in social bonds
IMF board fails to decide on Georgieva
US and Japan call for resignation but China and many European countries back IMF head
FSB to press ahead with money market fund reforms
Asset managers had argued turbulence in MMFs during Covid was symptom of stress not cause
Empirical economists win Nobel Prize
Card, Angrist and Imbens share prize for work on labour markets and causality
Cœuré warns ‘analogue’ supervisors must adapt to digital world
BIS official says growth of fintech demands supervisors respond with technology of their own