Central Banking
Financial openness key for monetary spillovers – RBA research
Trade flows appear not to contribute to interest rate correlation
BoE agrees to refine stress-testing in light of review
Independent report says stress-testing is working, but there is room for improvement
‘Broader skill base’ supporting BoE diversity targets
Central bank still missing targets at top level, but graduate intakes are much more diverse
The IFF China Report 2019: Financial deepening, fintech development and green financing
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Fintech and the future – Improving financial literacy
Li Dongrong, president of the National Internet Finance Association of China and former deputy governor of the People’s Bank of China, explains how financial technology can aid sustainable growth, transform the structure of financial markets and promote…
Search on for Mark Carney replacement
Treasury begins search for new BoE governor, as Carney’s term will not be extended again
FCA stresses need for regulations to adapt to changing technology
Technology will bring both serious risks and benefits to all groups, says FCA
Eurozone needs central stabilisation fund to secure fiscal stability – ECB research
Unlike other monetary unions, the region’s federal budget plays a very limited role
Higher EU corporate bond spreads in 2018 unrelated to ECB policy – research
Global trade disputes played a bigger role than the end of the European asset purchase programme
New York Fed launches new regional website
New design offers more convenient access to data, events and locally-focused research; data highlights sharply differing outcomes across regions
Cain withdraws candidacy for Fed governorship
Trump’s pick faced widespread opposition due to partisan views aligned with the White House
RBI proposes regulatory sandbox in bid to grow fintech sector
Draft proposal would enable 10–12 companies to operate without usual regulations
Motivations and prospects for central bank digital currency
Sayuri Shirai surveys the many forces driving increased interest in CBDC, and its flip side – changing cash dynamics
Fed proposes leverage ratio exemption for custody banks
Latest regulatory easing proposal would see custodians gain exemption for some assets
IMF budget flat for another year
Fund faces eighth year with its budget unchanged in real terms
Central bankers call for ‘practical action’ to tackle climate risks
Leading central bankers and supervisors attending a Network for Greening the Financial System event at the Banque de France called for immediate action to be taken to tackle climate risks – they said the time for talking is over
Europe needs supervisory standards for climate risks – Lautenschläger
ECB official says standards should be worked out rapidly in modular form
Argentina imposes price controls to tackle hyperinflation
Central bank governor apologises as year-on-year inflation figures rise 54.7%
Politicians pressured Sarb to help allegedly corrupt figures – governor
South African central bank was told to give banking licence to Gupta family – Kganygago
NY Fed official sketches key factors for balance sheet plans
Fed’s nominal securities purchases may be higher than before crisis, official says
Equity market uncertainty can reduce real GDP – researcher
Equity market volatility in Q4 2018 could reduce the policy rate path by 50bp, says researcher
US imposes sanctions on Venezuelan central bank
Trump administration attempts to close one of Maduro regime’s last sources of external financing
Bundesbank official calls for pan-European mobile payments champion
Board member hopes Europe can compete with US and China in fintech
Suriname's president replaces fired governor
Robert van Trikt vows to not bow to political pressure and finance public spending, and says focus for next year will be on AML controls and payment maturation