International
Reserve managers brace for war
Geopolitical escalation could trigger inflationary and energy shocks, RMT survey finds
IMF officials warn cyber risks are growing
Systemic and third-party cyber risks pose threats to central banks and firms
Few central banks have recapitalisation deals – BoE paper
Survey of 70 jurisdictions argues institutions need “robust framework” to repair capital shortfalls
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
People: January to March 2024
A round-up of central bankers in the news and on the move during the past three months
Long-term inflationary pressure set to rise, research finds
Changed environment makes central banks’ task harder, Kenneth Rogoff and other researchers say
A new climate of change
Central banks are warming up to address climate risks just as US interest cools
BIS project aims to redesign global payments infrastructure
“Most ambitious” innovation hub project to date will test BIS’s “unified ledger” concept
Supervisory resources ‘more stretched’ in major finance centres
Calls for better banking supervision need to be matched with sufficient resources, FSI study says
When competitors become partners: paradoxes of ‘open banking’
Manoj Singh says the rise of open banking may sit uneasily with the complexity of platform banking
Carstens calls for ‘greater realism’ on what policy can deliver
Monetary policy should avoid “excessive fine-tuning”, BIS chief says
IMF hit by cyber attack
Fund says attack did not target top leader and it has “re-secured” 11 compromised email accounts
Fintech Benchmarks 2024 – model banks analysis
Data reveals how advanced and emerging economy central banks structure their fintech functions
Basel Committee prepares crackdown on bank ‘window dressing’
Study says lenders have obscured their true systemic importance at reporting dates
BIS research points to ‘slower disinflation ahead’
Breakdown of post-Covid surge finds services prices playing bigger role
Fintech Benchmarks 2024 report – the promise and threat of AI
Benchmark data reveals how central banks are developing CBDC, tapping into AI tools and using cloud services to boost their work
NBER paper tracks shift to ‘arms-length’ finance
Authors assess three drivers of move from bank lending to securities-based finance
Natural rate is rising in US and eurozone, BIS study finds
Research adds to debate on metric but warns it is “blurry guidepost” for monetary policy
IMF economists study emergence of ‘zombie banks’
Country-level factors tend to be more important than bank-level ones, authors find
Hernández de Cos attacks ‘flimsy’ criticisms of Basel III
Committee chair says delays to implementation will divert resources from new risks
IMF builds new measure of central bank independence
First “entirely new” metric in 30 years seeks to overcome limitations of much-cited paper
Carbon price has only ‘modest’ impact on inflation – IMF paper
Countries could use drop in energy prices to deliver on climate goals, authors say
Global house prices close to bottoming out, BIS stats show
Economists puzzle over absence of sharper correction
Profit now key driver of inflation, BIS research finds
Recent surge in prices “fundamentally different” to that of the 1970s