Central Banking
‘Fintech shadow banks’ shaping global credit – Amit Seru
Regulators need to pay more attention to shadow banks, Stanford professor says
RBI steps up liquidity support amid government credit push
Government launches credit guarantees for public sector banks that lend to non-bank financial firms and announces fresh recapitalisation
Mongolia must reform banks to receive IMF aid
Central bank must make sure banks raise all needed capital, IMF team leader says
BIS to set up three fintech innovation hubs
New hubs will be set up in Hong Kong, Singapore and Basel
Irish central bank levies record fine on Wells Fargo
Irish subsidiary of US bank fined $6.6 million for “serious failings" in regulatory reporting
Nigerian central bank pushes for increased lending
Banks must lend money or face higher cash reserve requirements
ECB needs liquidity powers for bank resolution – Spanish governor
De Cos stresses mechanism must include guarantees to repay public money
Moroccan central bank opens investigation into stolen cash
Bank Al-Maghrib says 1.2 million dirhams disappeared in suspicious circumstances
Loose financial conditions predict output gap – NY Fed paper
Policy-makers can make significant welfare gains by greater focus on financial conditions – researchers
BIS papers weigh up ongoing risks to global stability
Papers from 2018 AGM include contributions from Forbes, Tucker, Gourinchas and Rey
Population ageing could reduce inflationary pressures – Bank of Spain deputy
Older populations in advanced economies likely to increase saving and reduce investment – Delgado
IMF gives Pakistan bailout, but demands central bank freedom
Imran Khan government must have flexible exchange rates and end monetary financing, IMF says
CBDCs could protect citizens from e-currency abuse, official says
Citizens in cashless societies could be vulnerable to monopoly power, says Sveriges Riksbank official
Next IMF chief could be non-European
Carney and Carstens among possible candidates as institution seeks successor to Lagarde
US bank supervisor creates new division for largest banks
New FDIC division offers simplified structure that fosters greater collaboration, chairman says
BoE’s education programme taking off in UK schools, Broadbent says
More than a third of UK secondary schools have signed up to BoE’s education programme
Higher US capital buffers leave firms’ debt unchanged – Fed paper
Individual banks cut lending due to higher capital buffers but firms find other lenders, researchers say
People: Argentine governor from 'corralito' era dies
Aldo Pignanelli dies aged 69; plus appointments in New Zealand, Europe and Brazil
IMF finds weaknesses in two Bahamian banks
Improved supervision and surveillance measures can strengthen resilience, fund recommends
World’s longest-serving governor given further term
Mugur Isărescu, in office since 1990, will serve again after overcoming political hostility
‘O-SII’ limits decreased risky lending – ECB paper
Lending to risky borrowers fell without lasting impact on growth rates, researchers say
RBNZ accepts criticism on supervision of CBL Insurance
The insurer was placed into full liquidation in November 2018
Riksbank shies away from global easing cycle
Swedish central bank maintains rate hike plans despite accommodative policy shift in Europe, US, Australia
Trump nominates two candidates for Fed board
Judy Shelton and St Louis Fed’s Christopher Waller will now face Senate confirmation hearing