Banks
Eurozone banks’ TLTRO repayments are below market expectations
Slow pace of repayments may hamper ECB policy normalisation, some analysts say
BoE simulates ‘major operational disruption’ to UK firms
Central bank restarts “Simex” testing of financial sector after pandemic hiatus
Argentine central bank debt poses major risks, analyst says
Moody’s analyst says central bank faces macroeconomic crisis as short-term debt rises
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Portuguese PM threatens legal action against ex-governor
António Costa denies pressuring Carlos Costa over bank intervention
Riksbank develops model to stress-test banks’ corporate lending
New model is based on microdata on all Swedish non-financial corporations
BIS tests stablecoins in its first retail CBDC project
Project Aurum with HKMA also explored a token model
Riksbank calls for housing and tax reforms to reduce financial risks
Financial system faces risks from highly indebted households and real estate firms, report says
Nigerian governor says new banknotes will lessen cash hoarding
Governor says 85% of notes are outside banking system as finance minister criticises move
Vietnamese governor tries to calm fears over banks
Nguyen Thi Hong says banks face liquidity bottlenecks and falling currency is causing pressure
Greener energy mix would foster price stability, says Lagarde
More use of renewables would reduce chance of energy price spikes
Book notes: Yellen, by Jon Hilsenrath
This book offers new insights into the tough decisions and tremendous efforts Yellen has made as a pre-eminent economic policy-maker
Liquidity dependence may hamper QE exit
Expanding reserves may prove perilous for financial stability, with maximum danger during QT, writes Viral Acharya
BdF to achieve 1.5°C climate goals by 2026, governor says
De Galhau calls for mandatory climate disclosure, green capital requirements and collective ecological governance
ECB increases rates by 75bp for second consecutive time
Governing council tightens TLTRO III rates and lowers reserve remuneration
Should a CBDC really be like cash?
Electronic and physical cash are fundamentally different and must be treated as such, writes Dave Birch
Christopher Sims on modelling the inflation surge
Unprecedented series of shocks creates major challenges for central bank forecasters, the Nobel Prize-winning economist tells Daniel Hinge
Credit is tightening for eurozone firms and households, says ECB
Loan demand from firms increased but fell from households, survey finds
Hsu says US needs proper regulation of bank-fintech alliances
Policy-makers focus too much on crypto, says comptroller
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
Bahamas governor says exchange controls here to stay
“Difficult financial reforms” necessary before liberalisation, says Rolle
BoE sticks to bond-buying deadline amid strains on UK non-banks
Bailey restates cut-off date for asset purchases despite spike in margin calls and redemptions
ECB needs at least two ‘significant steps’ in coming meetings – Knot
DNB financial stability report warns high inflation and weak growth will test banks
BoE prepares more market support as cliff edge looms
Central bank creates temporary repo facility with wider range of eligible collateral