Central Banking
RBNZ launches new settlement platform
Platform includes interbank settlement system and central securities depository
Too early to speculate on coronavirus impact – Fed vice-chair
Experts urge Americans to brace for “inevitable” spread of the virus in the US
BoE to impose Libor-linked collateral penalties
Andrew Hauser says regulators will employ carrots and sticks as deadline for transition looms
Activist claims Bailey ‘not fit’ to govern BoE
High-profile activist criticises Bailey and FCA in new report, calling for investigation into his appointment
Bank of Canada developing CBDC ‘contingency plan’
Central bank could issue CBDC if private sector alternatives become quickly dominant, deputy governor says
Georgieva backs Antoinette Sayeh as IMF deputy managing director
Liberian economist formerly headed up fund’s Africa department
Cyber risks cost 2-3% of profits at banks and insurers – RBNZ research
New Zealand central bank finds chance these threats may cause much greater losses
PBoC ready to ease further as Xi calls for more stimulus
PBoC deputy governor vows to safeguard economy from virus shock as president says monetary easing should be “more flexible”
‘Systemic cyber incidents’ could cause major damage – ESRB
EU body says cyber attacks could reach “tipping point” and freeze financial sector
Kyrgyz Republic hikes rates for first time since 2015
Inflation still well below target but climbing fast due to external pressures
Costa Rican central bank pulled into fiscal debate
Government split on how fiscal rule should be calculated as fiscal deficit continues upward trend
FCA admits data blunder
Confidential information was published in descriptions of complaints following a freedom of information request
Cost of AML/CFT regulation could spell trouble for Barbados
Central bank governor urges financial firms to take risk-based approach to prevent excessive de-risking
IMF chief warns of ‘dire’ coronavirus scenarios
Virus has already impacted global growth but effect could worsen if containment fails
Securitisation can increase risk – Bank of Italy paper
Periods of high demand for safe assets can lead to riskier originated loans, authors say
Mauritius government replaces central bank governor
Reports say government dismissed governor and second deputy as currency falls
ECB unveils plan for its strategy review
Eurosystem will host “listening” events with general public, academia and civil society organisations
Bank of Korea will superheat banknotes to stop coronavirus
People looking to exchange currency will have to go through heat monitor
Fed’s Brainard backs ‘flexible inflation averaging’
Governor hints at possible outcome of Fed’s policy framework review
Bank of Ghana hails tech upgrade in forex market
Rollout of Refinitiv system should cut fragmentation and boost transparency, says governor
Some countries’ macro-pru measures have reduced systemic risk – IMF paper
Denmark and Czech Republic particularly successful in cutting mortgage risk, researchers find
PBoC cuts rates in bid to buffer impact of virus
Indonesian central bank also lowers rates in bid to limit effects of coronavirus
Swedish central bank will test DLT-based digital currency prototype
Sveriges Riksbank and Accenture project to use simulated agents to test ‘e-krona’
Competitive devaluation would harm US, Brookings paper warns
Trump’s calls to devalue currency would have damaging effects if followed, researchers say