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BoE to demand senior financiers tackle climate risks
Proposals from PRA would hold senior managers accountable for climate change risks
Emerging market governors back targeted capital controls
Governors says capital flow measures can be important tools in some circumstances
Sudanese central bank increases liquidity supply as signs of crisis grow
Governor eases liquidity restrictions as reporters note long queues at banks
Quotes
Ironically, too much debt was at the heart of the crisis, and now we have more of it
Claudio Borio, head of the monetary and economic department, BIS
The political spotlight is far harder on central banks now. It is not particularly to do with monetary policy, but to do with whenever you have to take a step in terms of resolving a bank. There will be losers.
Philip Lane, governor, Central Bank of Ireland
Having a reliable institutional mechanism that supports fiscal responsibility will allow attention to focus on whether the central bank is delivering on its mandate, which I welcome.
Brian Wynter, governor, Bank of Jamaica
The countercyclical policies used in the past to accumulate reserves – which rose to one of the highest levels in the world – were to ensure a gradual transition and an effective absorption of any shock.
Ahmed Abdulkarim Alkholifey, governor, Saudi Arabian Monetary Authority
Equilibrium’s a great concept, but the dynamic side has suffered because there aren’t really very good theories on how quickly ideas or events will unfold.
Hal Varian, chief economist, Google
We had to make a decision quickly when we became convinced that the minimum exchange rate was no longer sustainable… We would have been faced with enormous capital inflows and a self-reinforcing speculative attack.
Thomas Jordan, governor, Swiss National Bank
I think [transparency is] a two-way street. If you are more open, you can receive more feedback.
Agustín Carstens, BIS general manager
Editor's choice
Demetriades on political pressures on central banks and their governors
Former governor speaks on Cypriot banking crisis and his fears for euro stability
Trendlines
Latest issue
Comment
What is the future of banknotes?
Supervisory lessons: faultlines in prudential regulation
Reserve management practices are splintering
Our Take
New Jamaican law could end Caribbean’s ‘colonial era’
Argentina falters at ‘historic’ moment for BCRA
Time for Central Bank of Argentina independence
FCA sets out stance on climate change
Mexico’s Guzmán worried about protectionism
Chinese governor stresses trade risks at IMF meeting
Central Bank of Ireland details updated financial buffers framework
Egypt strikes deal for increased funding from global banks
Stress tests are ‘most significant’ regulatory outcome of crisis – Hirtle