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RBI stands firm on stressed assets as Supreme Court deliberates
Central bank says it has not softened stance, but court could force it to grant forbearance
US crypto-asset regulation needs strengthening – Massad
Former CFTC chair Timothy Massad recommends a path for regulatory reforms
Lithuania adopts maximum diversification as defensive strategy
Risk parity protects portfolio from lower bond prices and lower-for-longer yield environment
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
Climate change: a new challenge for financial stability?
What is the role of central banks when it comes to climate change risks?
Latest issue
Comment
Should central banks be more active in managing integrity risks?
Latest restructuring boosts the PBoC’s regulatory clout
Supervisory lessons: resolution is a ‘dirty business’
Our Take
The Brexit conundrum
The euro: a troubled third decade?
Three tricks to remove a troublesome Eurosystem governor
Local currency debt not enough to escape US dollar influence – BIS paper
IMF supports Argentina’s efforts to tame inflation
PBoC to develop new fintech regulation
Norway’s SWF excludes rubber company on environmental grounds
BIS paper studies high-frequency data on central bank intervention
NGDP target can create ‘divine coincidence’ – Bullard and Singh