International
The pursuit of ‘fintecgrity’
Digital currencies, distributed ledgers and deep learning are set to transform the financial economy. How can regulators maintain integrity at the confluence of finance and technology?
Tighter policy in large economies squeezes cross-border banking – paper
US monetary policy shocks play major role in bilateral bank lending – Bank of Spain paper
Weak data on sustainable assets threatens financial stability – Sarb
Industries vulnerability to climate-related risk is unknown, South African central bank says
Facing up to the tech challenge
Central banks get a wake-up call from libra
Climate prudential policies could ‘backfire’, IMF economists warn
Lack of international standards could result in ‘greenwashing’ and increased financial stability risks, economists warn
‘Sectoral’ counter-cyclical buffer could boost resilience, says Basel Committee
Targeted tool would have a narrower impact on segments of the market
De La Rue faces uncertain future as profits collapse
Profits plummet 87% as firm scrambles to cut costs
IMF paying closer attention to central bank independence, research shows
Central banks must “step up their game” on improving transparency, Tobias Adrian writes
Canada’s Poloz on monetary policy limits, transparency and cyber recovery
Bank of Canada governor Stephen Poloz speaks about stagflation risks from trade wars, the importance of market signals, Canada’s CBDC plans and why he is not a fan of minutes
Legal reforms drive growth for middle-income states – research
Growth in financial sectors does not mean increase in economic growth - Bank of Spain paper
Regulators and firms confront problems of ‘open banking’
Basel Committee report says challenging trade-off exists between privacy, security and efficiency
FSB’s G-Sib list increases by one
One joins the list and one major bank drops to a lower bucket
In-depth: have central banks worsened the secular slowdown?
IMF economist Bas Bakker shares his argument that central banks have misdiagnosed falling growth and long-run rates. He and several other economists are now calling for a rethink
Climate risks may be uninsurable – DNB’s Elderson
NGFS chairman calls on the implementation of a carbon tax to help mitigate these risks
US-China trade deal could damage some countries’ trade flows – IMF paper
Eurozone could face loss of trade from between $61 billion to $84 billion, researchers find
FSI paper details ‘red team testing’
Paper sets out how the cyber-security tests are used in different jurisdictions
Crypto assets may force central banks into policy synchronisation
Paper examines the impact a global crypto asset would have on the “impossible trinity”
People: French official becomes ECB’s market operations director
RBNZ replaces assistant governor role in main office with Auckland post; World Bank’s investment arm gets new managing executive officer
The challenges facing Christine Lagarde
The new ECB president will need to focus on a successful review of the ECB’s monetary and communications policy, while encouraging fiscal stimulus and structural reform
FSB warns gaps remain in resolution frameworks
Issues remain for central counterparties, global banks and insurers, report finds
‘Digital identities’ could protect customer data – Carstens
BIS chief praises “impressive gains” made by Singapore and India in regulating data
BIS Singapore hub to focus on digital identities and regtech
Innovation hub launch marks first expansion of BIS’s “global footprint” in 17 years
Research proposes ‘Monk’ model of long-term monetary transmission
Equilibrium in standard models only affected by short rates, say Garriga, Kydland and Šustek
PBoC to rein in fintech firms after President Xi praises blockchain
Central bank will verify blockchain-compatible products in bid to ensure financial stability and curb speculation