Central Banking
US faces real estate risks, Fed report warns
Banks face funding stresses while uncertainty over policy is a risk, Federal Reserve says
Asian policy-makers move to support currencies
Indonesia and Vietnam intervene in markets, while Japan, Korea and Malaysia issue warnings
ECB says iPhone is currently incompatible with digital euro
Apple users may have worse digital euro payments experience – Cipollone
RBI increases payments surveillance during elections
Indian central bank tells system operators to watch for suspicious transactions, report says
SNB raises bank reserve requirements
Calculation formula changed as central bank looks to save on interest payments
MAS to spend $25 million on sustainable finance training
Singaporean central bank says local universities are providing more courses in the field
Mexico needs reform to fulfil potential – Dallas Fed paper
Anti-trust measures, easier market entry and FDI should aid growth, researchers say
UK inflationary pressure easing, BoE deputy says
Ramsden breaks inflation process into four steps, finding persistent elements are weakening
ECB should cut rates in next meeting, French governor says
Villeroy de Galhau says last leg of disinflation in eurozone should not be too difficult
Energy shocks create monetary policy trade-off, paper says
Rate-setters should consider energy prices’ impact on jobless, Bank of Italy paper finds
Retail CBDC would extend central bank balance sheets – ECB paper
Frequent fine-tuning of monetary policy operations could become the norm
Nigerian governor declares fixed exchange rates are over
Cardoso says central bank plans to move to an inflation-targeting regime
The American way: a stress-test substitute for Basel’s IRRBB?
Bankers divided over new CCAR scenario designed to bridge supervisory gap exposed by SVB failure
RBNZ seeks views on design of ‘digital cash’
New Zealand central bank continues proof-of-concept work on “private and secure” CBDC
Generative AI’s impact on inflation unclear – BIS study
Inflation could worsen if people anticipate jump in productivity, authors say
Schnabel: ECB could replace central forecast scenario
ECB should consider using alternative scenarios and dot plots to convey uncertainty, official says
Banks’ AI models are flawed – Basel Committee chair
Pablo Hernández de Cos says risk of AI model misspecification is “incredibly high”
Bundesbank partners with MIT on digital euro privacy
EU previously raised concerns about single access point to verify holding limits
Bank of Korea considering forward guidance reform
Governor Rhee Chang-yong sees merit in revealing more information to public
European banks less likely to lend to green firms, says ECB paper
Public guarantee loans can help lower-carbon firms access bank credit, research finds
BoE’s digital securities sandbox to lead to new regulatory regime
Five-year project to open for applications this summer
ECB caps remuneration rates for eurozone government deposits
New rate to also apply to non-monetary policy deposits, as ECB shrinks balance sheet
FSB proposes actions to make margin calls safer
Margin calls can mitigate risk but may also create spikes of liquidity demand, report says
Carstens advances vision for future tokenised financial system
‘Finternet’ proposal envisages payments across linked unified ledgers