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Treasury committee to investigate BoE’s lack of diversity
Nicky Morgan asks for data on BoE applicants to be published in review of recruitment process
Widening exchange rate band is not a top priority – PBoC’s Zhou
Zhou makes first public confirmation he is set to retire soon
Kenya’s digital transformation
The use of innovative digital financial services has transformed financial inclusion
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
Perng Fai-nan on how Taiwan has eluded crisis for 20 years
Taiwan’s governor explains the benefits of pragmatic interventions
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
Banking industry has ‘consistently failed customers’ – Ireland’s Sibley
RBA needs representative for the poor – religious group
Fiscal policy shocks amplified by accommodative monetary policy – paper
Fed’s Powell: banks still have important role in payments
FSI paper offers lessons from Asia for IFRS 9 transition
SBP notes caveats to decade-high growth