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Bank of Russia will be able to handle fallout from failing banks, analysts say
Observers disagree over effectiveness of Nabiullina’s reform efforts
HKMA pledges $1bn to IFC infrastructure platform
HKMA commits $1 billion to International Finance Corporation’s syndicated loan platform
European Commission announces supervisory agency reforms
Proposals would see Esma’s powers significantly increased while all ESAs would gain executive boards
Quotes
We could not have survived this crisis without the ‘Main Street’ structure of the Fed. If it had just been a New York Fed… [it] would have faced a more severe backlash and possibly elimination
James Bullard, president, Federal Reserve Bank of St Louis
As internet access increases and encryption technology improves, digital currencies have the capacity to reduce operating costs, increase efficiency and enable a wide range of new applications
Fan Yifei, PBoC deputy governor
I have always strived to maintain the appropriate balance between transparency and confidentiality, but I regret that in this instance I crossed the line to confirming information that should have remained confidential
Jeffrey Lacker, former president, Federal Reserve Bank of Richmond
Market discipline is done away with by interventions by the ECB. So there is no fiscal control mechanism from markets or politics. This has all the elements to bring disaster for monetary union
Otmar Issing, founding executive board member, European Central Bank
If the Americans do not implement the Basel III framework, we Europeans will certainly not introduce the new rules unilaterally – and the whole world will suffer the consequences
Andreas Dombret, member of the executive board, Deutsche Bundesbank
Editor's choice
St Louis’s Bullard on the future of the Fed and its monetary policy record
President James Bullard says Fed monetary policy was a “factor” that fuelled crisis
Trendlines
Latest issue
Comment
The Treasury could make QE exit faster and smoother
Zhou did not get what he wanted, but has not left empty-handed
Draghi, quo vadis?
Our Take
Brexit drives a wedge between BoE and markets
Are central banks allowing markets to get a bad name?
Tackling the ‘human agency’ problem
SNB’s Jordan praises John Taylor legacy
Czech exchange rate floor helped fight deflation – IMF paper
‘Fault lines’ may be re-emerging, warns Bini Smaghi
Don Kohn extols virtues of co-operation across policy domains
IMF’s Lagarde gives update on women’s empowerment pledges
Riksbank welcomes higher inflation