Central Banking
FSB seeks feedback on reforms’ impact on SME finance
Roundtable participants note considerable differences in how SMEs are treated across jurisdictions
BoE ramps up liquidity auctions as Brexit looms
Central bank will conduct additional auctions of long-term sterling liquidity around the March 29 deadline; MPC members disagree on approach to no-deal uncertainty
Campa confirmed as EBA head
Next EBA chief warns staffing levels may not be enough for AML duties
Bank of Israel confirms looser stance
After first rate hike since 2011 in November, the central bank reaffirms accommodative approach
Monetary policy frameworks need modifying, former Fed governor says
Lower r* requires two key modifications to flexible inflation-targeting regimes, Frederic Mishkin says
China calls a halt to deleveraging
Banking watchdog says deleveraging campaign has achieved its goals
Trump does not grasp macroeconomic policy – Yellen
Former Fed chair doubts president could recite Fed’s dual mandate goals
Philippines governor Espenilla dies after 18 months in office
Career central banker tightened monetary policy and championed payment system reforms
US’s first Libor-replacement term rate coming in 2020
Staff at the New York Fed are working on a series of backward-looking averages
Danish mobile phone use cuts cost of P2P payments
Widespread adoption of technology fosters more efficient operations
US and UK regulators strike deal to protect derivatives trading post-Brexit
Joint statement indicates continued co-operation, “whatever form” Brexit takes
Kazakhstan’s senate appoints new central bank governor
Change comes after president demands government’s resignation due to poor economic performance
SBP launches Islamic facility to fund renewables and SMEs
Central bank looks to supply liquidity to key industries
RBI minutes: dissenters eye ‘elevated and persistent’ core inflation
Viral Acharya and Chetan Ghate voted against a rate cut at the latest meeting
Fed officials reveal further details of balance sheet plans
Fed discusses letting assets fall off its balance sheet at the same pace as economic expansion
NY Fed paper scrutinises post-crisis CDS market
Little research has been done on the market at a “granular level”, authors say
Estonian and Danish authorities trade accusations as further AML scandal breaks
Swedish, Estonian and Lithuanian authorities announce joint investigation into Swedish bank
Bank of Mexico gets lost in translation
Central bank removes sentence from English translation opening the possibility of a future rate cut
Most financial stability committees lack policy tools, researchers say
Many committees lack good internal processes and ability to implement policies, authors say
Looser Fed policy and monetary target hamper Argentina’s currency efforts
Inflation rises faster than expected as Argentinian forex reserves reach record high
Bank of Jamaica increases efforts to stimulate inflation
Central bank cuts policy rates and reserve requirements to spur credit growth
Suriname’s president fires central bank governor
Decision comes after central bank refused to finance public spending, regional reports say
Chinese premier clashes with central bank over credit expansion
PBoC rejects premier’s warnings over interest rate arbitrage and bill financing
Australian governor says productivity rises needed to boost incomes
Lowe told lawmakers falling house prices will not ‘derail’ Australian economy