Accounts
UK’s ‘Big Four’ told to separate audit practices
Major shake-up of accounting firms comes in wake of the Wirecard scandal
Podcast: Financial innovation and stability in the US
In the latest episode of the FedSpeak podcast, the Atlanta Fed’s Larry Wall discusses stablecoins, reserve currencies and credit loss accounting through the lens of financial stability
Accounting for losses during a pandemic
US banks get green light from senators to use loan loss accounting methods widely criticised following 2008 crisis
Some thoughts on CBDC operations in China
People’s Bank of China deputy governor Fan Yifei outlines why he favours an indirect approach to introducing a CBDC in China
‘Ostrich approach’ to financial stability is a mistake
Denmark’s top supervisor, Jesper Berg, says scaling back IFRS 9 would be a costly error, despite the economic challenges raised by Covid-19
ECB mulls wider clearing house access to account facilities
Including CCPs in the Eurosystem may remove the need for them to seek a banking licence
BoE’s Taylor argues for solution to IFRS 9 ‘headache’
Loss provisioning rules could worsen downturns and present issues for stress-testing, official says
Custody initiative: Euroclear
The securities depository has debuted instant dollar settlement in central bank money outside the US – a service that has virtually eliminated settlement risk
Liquidity operations squeezed Fed’s net income last year
Repurchase agreements cost the Fed $6 billion in 2019, preliminary results show
CBRT to hand over profit and reserves to government
Law change permits government to dip into central bank’s reserves
Bank of Israel proposes open banking rules to foster competition
Banks and credit card companies to allow supervised third parties access to their customers’ accounts
Chile’s forex intervention likely to stabilise peso – experts
Much depends on the reform programme the government chooses to adopt, however
A spotlight on IPSAS Draft 69
Proposed accounting guidance for specific instruments by the Public Sector Accounting Standards Board may have significant implications for central banks
Innovation for real-time payments and settlements
Financial and institutional banking have undergone a transformational technological shift, meaning working in real time is increasingly commonplace. This is not the case for payments and settlement, which can still take days. Baton Systems explores how…
Central banks responding to pace of change in a hyperconnected world
Daily processes large and small have seen a drastic shift of emphasis towards increased automation as evolving technology has permeated every aspect of people’s lives. Lars Schröder, senior engagement manager at SkySparc, explores the impact of…
RBI hands over chunk of its capital to government
Nearly $25 billion transferred to government as long-awaited Jalan report is submitted
BIS to scale up banking services as part of new strategy
“Innovation BIS 2025” envisages broader research agenda and new channels of co-operation
Time for resilience
Events that impact markets have made it crucial to build resilient portfolios that are aware of downside risks. BlackRock explores the importance of protection in downturn scenarios for reserve managers.
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Bay Area Development
Located at the start of the Maritime Silk Road, the Guangdong–Hong Kong–Macau Greater Bay Area seeks to harness advanced technology and green finance to catch up with the economically advanced bay areas of New York, San Francisco and Tokyo.
Argentina launches digital platform to foster financial literacy
Central bank will use platform to promote use of bank accounts and electronic payments
IMF budget flat for another year
Fund faces eighth year with its budget unchanged in real terms
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Internationalising renminbi – Hong Kong leads the way
Hong Kong’s advantages in technology, talent and infrastructure make it best placed to form the primary transaction and risk management network for the overseas offshore renminbi market, argues Zhou Chengjun, IFF Academic Committee member and deputy…