Banks
Financial sector still a headache for central bank modellers
Macro-financial links are difficult to integrate into key models, with progress since the global financial crisis slow. But some central banks are making breakthroughs
French prosecutors investigating Lebanese governor – reports
Riad Salameh has repeatedly denied allegations of money laundering and corruption
Governance Benchmarks 2021 report – the frameworks that rule central banks
How are central banks governed? Benchmarking data offers insights on appointments, legal structures, powers, decision-making bodies, independence and more
Firms and supervisors must ‘transform’ climate risk management – regulators
Complexity and uncertainty demand major rethink of risk, say ‘Green Swan’ event speakers
Many central banks have formal safeguards over firing governors
Benchmark respondents give details of how governors are appointed and dismissed
Are we entering the polymer age?
CCL Secure explores the security and anti-counterfeit benefits of polymer banknote technology. As this developing technology reveals its advantages over traditional paper-based banknotes, could we soon see a shift in the status quo in polymer’s favour?
Governments often play role in appointing boards
Boards often mix government members, central bank officials and non-execs
Danish central bank may tighten house lending rules
National Bank of Denmark recommends that FSA reimpose countercyclical buffers
Bank of Korea to start CBDC trial in August
Central bank opts for two-tier model for retail digital currency
EBA finds ‘big differences’ in use of EU green taxonomy
Risk-mapping exercise finds average “green asset ratio” of 8%
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
Governor salaries 12 times higher than GNI per capita
Salaries ranged between $33,101 and $723,551
Diversity is key for policy-making and institutional culture
Anita Bezhoska, governor of the National Bank of the Republic of North Macedonia, talks about the benefits of diversity for central bank policy-making, and why more needs to be done to improve the number of women within the financial sector as a whole
Governors can serve 25+ years at 40% of central banks
Governors in high and upper-middle central banks have longest possible tenures
Eurozone starting to see ‘light at the end of the tunnel’ – de Guindos
ECB’s ‘Financial stability review’ highlights pandemic’s uneven effect across countries and sectors
Bitcoin plunges as China cracks down on crypto assets
Chinese industry bodies toughen restrictions on crypto services offered by financial institutions
Emerging markets pass capital flows test
BIS report concludes inflows are broadly positive, as improved EM institutions make them more resilient
Cash infrastructure as public good – implications for the cash cycle
Efforts are under way in the Eurosystem to safeguard cash infrastructure as a ‘public good’ even as transaction volumes have fallen significantly. How can policy-makers strike the right balance?
Central Bank of Kenya to liquidate bank after ‘severe violations’
Action on smaller lender comes as CBK looks to complete long-running resolution of Chase Bank
Paycheck protection facility supported lending – Fed paper
Study finds liquidity facility helped banks lend more to small businesses during the Covid-19 crisis
Pandemic did not harm public trust in Dutch banks – DNB survey
Central bank study says 80% of participants maintain confidence in financial sector
BoE’s Nelson warns against ‘rigid’ approach to op risk
Firms may fear the “wrath” of regulators, but rules should not offer guarantees, says official
MAS launches new regtech grant
S$42 million fund will help firms test new digital products before full deployment
RBI steps in with liquidity amid worsening Covid outbreak
Central bank “stands in battle readiness”, governor says, as virus death toll climbs