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ECB prepares to supervise largest Bulgarian banks
Move comes as Bulgarian government attempts to join single currency
US banking system responding well to post-crisis reforms, says Fed
Banking system shows healthy rebound despite supervision uncovering weaknesses, the Fed reports
Podcast series: central banking in the post-crisis world
In a new series, Central Banking speaks to Yale’s Andrew Metrick about how the discipline has changed over the past decade
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
Tunisia’s El Abassi on central banking during a regional security crisis
Central Bank of Tunisia governor talks about capacity building, fintech and relations with the IMF
Trendlines
Latest issue
Comment
Supervisory lessons: the need for intrusive supervision
What is the future of banknotes?
Reserve management practices are splintering
Our Take
The euro: a troubled third decade?
Three tricks to remove a troublesome Eurosystem governor
Can central bank revamp help Tunisia remain a ‘public good’?
Dominican governor highlights central bank role in economic turnaround
China’s rebalancing on hold as growth falters – IMF paper
Household debt is main risk for New Zealand – RBNZ’s Bascand
Monetary easing can harm growth in some open economies, IMF researchers suggest
FSB finalises ‘cyber lexicon’
Sarb reprimands HSBC for AML deficiencies