Legal
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
India’s Supreme Court deals major blow to RBI bank clean-up
Court strikes down tough RBI ruling on stressed assets, ending requirement for swift action in cases of default
Families of Liberian central bankers seek funds for legal defence
Some local media outlets allege deaths of central bank staff are linked to scandal
RBNZ announces members of new monetary policy committee
Four internal and three external MPC members will make monetary policy from May 8
RBI stands firm on stressed assets as Supreme Court deliberates
Central bank says it has not softened stance, but court could force it to grant forbearance
NY Fed activates motion to dismiss TNB’s lawsuit
“The relief TNB seeks is wholly incompatible with the public interest” – New York Fed
Fed IOER amendment aimed at ‘thwarting’ The Narrow Bank
The move appears to specifically target The Narrow Bank’s business model, the firm says
Former governor arrested as Central Bank of Liberia probe widens
Milton Weeks and two current CBL officials are due to appear in court today
Central Bank of Liberia officials arrested over banknote allegations
Kroll report finds “discrepancies” in CBL’s handling of two banknote contracts
Central Bank of Kenya governor attacks new banking law
Patrick Njoroge says the law could be “devastating” for the Kenyan economy
Climate change: a new challenge for financial stability?
Do climate change and the transition to a low-carbon economy pose a risk to financial stability? What is the role of central banks?
Custody initiative of the year: Citi
The US financial group used its global presence and technological edge in 2018 to deepen existing relations and obtain new mandates
Supervisory lessons: resolution is a ‘dirty business’
Former Bank of Spain head of supervision Aristóbulo de Juan reveals his principles for resolving problem banks in the final article of a four-part series
Zimbabwean central bank officials cleared of wrongdoing
Governor Mangudya says investigation absolves of any wrongdoing, despite previous claims of corruption from former government official
Review into New Zealand bank conduct reveals failings
New Zealand’s central bank urges government to provide regulators with sufficient powers to address conduct, as significant weaknesses appear in the sector
Jamaican finance minister clears a path for central bank independence
Legislative move a “big and important step”, says Bank of Jamaica's governor Brian Wynter
Distributed ledger technology in regulatory reporting
Satisfying regulatory demands can be made cheaper and more straightforward via distributed ledger technology as regulatory reporting has a transformational effect on the regulatory value chain. Maciej Piechocki, Moritz Plenk and Noah Bellon of…
South African governor warns against nationalisation
Call comes as Sarb’s senior lawyer accuses government ombudsman of lying under oath
Failed bank depositors to gain unrestricted access to funds – Sarb
Around 97% of retail depositors will be paid in full, the central bank says, as investigation into mismanaged bank continues
No failure of governance in English-speaking Caribbean, says Wynter
Jamaica’s governor says dismissal of Barbados and T&T peers reflects government agendas; “has been a scandal” in Curaçao and Sint Maarten
Bank of Jamaica’s Wynter on the path to inflation targeting
Bank of Jamaica’s governor talks about revamping accountability, communications and operations as the central bank embraces inflation targeting
Hong Kong filmmakers found guilty of possession of fake banknotes
The banknotes were props in an award-winning film; HK filmmakers association called the conviction a “big joke”