Top story

Fed’s Powell: Virtual currencies ‘not ready’ for role in payments reform

Financial market infrastructure | 30 Jan 2015

Governor Jerome Powell says virtual currencies could play a ‘bigger role’ in the future, but are not yet ‘mature enough’ to contribute to the Fed’s faster payments initiative

Topics: Federal reserve, payments, Esther George

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Central Banks

Payments and market infrastructure provider of the year: Eurex Clearing

The German company is driving efforts to help the derivatives industry meet new regulatory requirements, while also improving cross-margining services and bolstering its risk management capabilities

Central Banking Journal | 12 Jan 2015

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Monetary Policy

Economics in Central Banking: Claudio Borio

The Bank for International Settlements’ economics head secures win for his work applying the concept of ‘excess financial elasticity’ to the international monetary and financial system

Central Banking Journal | 12 Jan 2015

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Central Banks

Governor of the year: Raghuram Rajan

Sharp analytical skills, decisive policy action, powerful communication and impressive leadership skills have enabled RBI governor Raghuram Rajan to lead the Indian economy onto firmer ground

Central Banking Journal | 12 Jan 2015

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Central Banks

Reserve manager of the year: South African Reserve Bank

Adapting its management of growing reserves using innovative approaches that do not compromise on long-standing values has enabled sub-Saharan Africa’s biggest reserve manager to enter the top ranks...

Central Banking Journal | 12 Jan 2015

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Central Banks

Central bank of the year: Reserve Bank of New Zealand

A joined-up approach to monetary and macro-prudential policy, excellence in communication and governance, updated risk management, improved supervision and security made the RBNZ the standout central bank...

Central Banking Journal | 12 Jan 2015

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Central Banking books

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Book - Central Bank Directory 2015

By Martina Horáková and Amy Jordan

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Financial Independence and Accountability for Central Banks

By Kenneth Sullivan and Martina Horáková

Latest journal

Central Banking

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CENTRAL BANKING VOL. XXV.2

The latest issue of the Central Banking journal features interviews with Øystein Olsen, governor of Norges Bank and William Coen, secretary-general of the Basel Committee. In addition there are articles from Andrew Sheng, Central Bank of Nigeria’s Kingsley Chiedu Moghalu and the ECB’s Aurel Schubert. Other contributors to this issue include the Bank of Canada’s Eric Wolfe and Czech National Bank’s Michal Skořepa and Mojmír Hampl. Niels Bünemann takes a closer look at central bank communications, whilst Charles Calomiris and Stephen Haber offer their thoughts on the impact bank rules have had on inequality. As usual, we have four book reviews: What Have We Learned? Macroeconomic Policy After the Crisis; Finding Equilibrium, Arrow, Debreu, McKenzie and the Problem of a Scientific Credit; Fortune Tellers: The Story of America’s First Economic Forecasters; and GDP: A Brief but Affectionate History.

Poll

How should central banks respond to the rise of virtual currencies such as bitcoin?

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The New Chartis Report: Operational Risk Management Systems for Financial Services 2014

This report covers the specific technologies required for firms to improve their ORM processes.

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The Basel Committee’s BCBS239 principles: A Single Source of Truth

 This white paper looks at the Basel Committee's BCBS239 principles, also known as PERDARR (Principles for Effective Risk Data Aggregation and Risk Reporting), which comes into force from 1 January 2016.