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Demetriades says EU-level AML enforcement vital to tackle ‘security risk’
Move would complement pan-European banking union and security frameworks
De La Rue beats European competition to Swedish banknote contract
Banknotes will be printed in UK after Riksbank severs ties with former supplier
RBNZ looking to make balance sheet ‘more resilient’ – Perry
RBNZ prepares for Libor transition with liquidity concerns on the horizon
Quotes
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
Demetriades on political pressures on central banks and their governors
Former governor speaks on Cypriot banking crisis and his fears for euro stability
Trendlines
Latest issue
Comment
Reserve management practices are splintering
Supervisory lessons: management traits of problem banks
Capital markets union a la Willie Sutton
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
RBA moves back into profit
Danish supervisor reopens Danske Bank investigation
BIS paper defends credit gap measure
Brazil holds interest rate at record low
European banking and capital markets union would foster growth – Draghi
Haldane: ‘superforecasters’ could help central banks