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Is the pursuit of a common accounting standard for gold a fool’s errand?
More consistency could address transparency and independence concern
EBA demands rapid reform at Maltese AML agency
Bank owner arrested in US and charged with financial crime on behalf of Iran
First left-wing Mexican president in a generation unlikely to upend institutions
Andrés Manuel López Obrador has promised to respect the Bank of Mexico’s autonomy
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
We see a strong, determined and young leadership with a focus on changing politics, society and the economy. The main impact for Sama is in the economic area.
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
There is empirical evidence that within the range of capital we are talking about in these regulations, it is the well-capitalised banks that provide lending; it is the well-capitalised banks that contribute to growth.
Jaime Caruana, BIS general manager
Editor's choice
Bank of Jamaica’s Wynter on the path to inflation targeting
Brian Wynter speaks about revamping Jamaica’s policy toolkits
Trendlines
Latest issue
Most read
- World’s largest SWF bars investment in four companies for guideline breaches
- ECB needed better data in 2008 crisis, says Lautenschläger
- Brazilian government must respect central bank independence – IMF
- Seychelles must act fast on money-laundering, says central bank
- Is the pursuit of a common accounting standard for gold a fool’s errand?
Comment
Italy’s trial
Central banks need a consistent approach to accounting for monetary gold
Is the US dismantling Dodd-Frank?
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
BoE’s Cunliffe makes case for ‘stodgy’ policy
BoE minority staff score lower in first diversity survey
Irish SWF set to become first to divest from all fossil fuels
BoE paper reports ‘lab experiment’ on banker bonuses
Weak US productivity behind low wage growth – IMF
Brazilian government must respect central bank independence – IMF