Banks
Comms team salaries similar across high and middle income countries
Employees earn on average around $33,000, according to data from 15 central banks
Climate risks narrowly concentrated among EU banks, report finds
Only 25 EU banks bear most exposure to physical risks of climate change, ECB-ESRB report says
Vast majority of central banks provide communications training
Social media, writing skills and public speaking emerged as key areas
Academics miss out on central bank background briefings
After journalists, private sector analysts are offered briefings most often
The RBI’s next big question: how to normalise monetary policy?
India’s central bank needs to plan an exit from its efforts to manage the ‘impossible trinity’
BIS’s Luiz Pereira on tackling the climate crisis
Deputy general manager highlights the challenge posed by radical uncertainty, the benefits of carbon budgeting, and the case for acting now
Communications often involved at early stages of central bank policy
Most central banks say comms teams are involved in early planning stage of policy decisions
Big banks pass Fed stress tests
Quarles: “The banking system is strongly positioned to support the ongoing recovery”
Carney warns CBDC delays play into hands of big tech
Failure to launch CBDC risks entrenching power of tech firms, former BoE governor says
Rising spillover risks from macro-prudential policies
Tools used to restrict credit in specific sectors can increase the riskiness of credit in other areas, creating challenges in the use of household-specific and corporate credit-calming measures, write Lucyna Górnicka and Apoorv Bhargava
US Congress votes to repeal ‘true lender’ rule
Trump-era provision allowed lenders to partner with big banks, which prompted usury fears
Bank of Israel calls on banks to improve tech risk monitoring
Central bank urges close examination of projects that imply organisational changes
Charles Goodhart on inflation targets, financial stability and the role of money
The LSE professor says inflation targets should have been 0%, the Fed’s move to AIT is a mistake, independence is under threat from inflation, big balance sheets support liquidity, AI can help supervisors and climate stress tests are unconvincing
El Salvador’s bitcoin currency experiment
Move by first nation to approve bitcoin as legal tender raises important issues
RBA cancels market operations due to outage
Issue at third-party provider impacted central bank and several commercial banks
ECB extends capital relief for largest Eurozone banks
Continued relief on central bank assets will release additional €70 billion in Tier 1 capital, ECB says
EU blocks 10 major banks from bond issuances
Commission alleges lenders need to clarify previous antitrust breaches
Central Banking FinTech & RegTech Global Awards 2021
In March 2021, Central Banking launched its fourth annual FinTech & RegTech Global Awards to showcase some of the groundbreaking projects undertaken in the community. The results are revealed in the awards articles published in this special winners’…
The winners of the 2021 FinTech RegTech Global Awards
Fourth annual tech awards recognise excellence among central banks and the firms they work with
Transparency is essential for financial stability – Georgia’s Gvenetadze
But it is still possible to be “too transparent”, governor warns
Basel Committee proposes strict treatment of crypto asset exposures
Crypto assets such as bitcoin will face risk weight of 1,250%
Sarb paper questions assumption that government debt is low risk
Banks may need to reduce exposure to sovereign debt instruments as fiscal risk rises
Singapore banks step up their game against internal fraud
Firms respond to MAS warnings about the dangers of remote working spurred by Covid
BoE outlines climate stress tests
Tests planned as “learning exercise” and will not be used to set capital requirements