Articles by Central Banking Newsdesk
Post-Brexit regulation must avoid ‘race to the bottom’ - FCA official
UK and EU negotiators must aim for customer protection and open markets, says Delfas
NPLs hindered financing for eurozone banks - Boston Fed paper
But Draghi’s August 2012 speech eased problems caused by sovereign debt holdings - researchers
People: Olli Rehn enters office as Bank of Finland governor
PBoC governor joins G30; new board members appointed at Barbados’ central bank; and more
Banque de France paper finds ‘behavioural channel’ to QE
Repeat lab experiments imply people do not converge towards rational expectations
ECB’s easing policies reduced inequality, paper says
Overall effects of monetary policy on income inequality are modest, paper finds
Infrastructure financing not harmed by post-crisis reforms – FSB
First study of regulatory impact on intermediation finds infrastructure finance largely unscathed
Housing bubbles can boost credit supply, Spanish paper finds
Evidence of Spanish housing bubble show banks boosting credit supply, researchers say
Carney: Brexit could trigger ‘extreme fragmentation’ of EU markets
Lack of agreement on derivatives likely to be more costly for European markets than UK ones, BoE governor says; stance contrasts sharply with European Commission
Paper looks at impact of financial shocks on US labour markets
Negative shocks have far bigger effects than positive ones, researchers find
Forecasting yield curve inversion is hard – Cleveland Fed research
Inversions may be a “harbinger of recession” but seeing them coming is difficult, says economist
Trump tariffs could force Fed’s hand – IMF
US central bank could be forced to raise rates more quickly if tariffs force prices higher
Central bank financing spells trouble for Guyana – IMF
Fund warns central bank financing of government could create problems for monetary policy and calls for better debt management infrastructure
ECB approves of proposed NPL backstop
European Commission’s proposed law change will not prevent supervisors from ordering banks to increase coverage – ECB
Monetarist perspective affects normalisation forecasts – Chicago Fed paper
Incorporating money demand into projections affects forecasts of remittances and money multiplier
FSI paper urges supervisors to develop ‘suptech strategy’
Supervisors are well placed to benefit from technology but need a clear plan, says the paper from Basel’s FSI
US tariffs pose risk to Canada’s rate path – IMF
Bank of Canada should be prepared to cut rates if growth falters
IMF demands reinforced inflation targeting in Argentina
A new central bank charter should reinforce independence, fund says
Cyprus bail-ins were justified, ECJ rules
Court rejects claims of unfair treatment from bondholders, shareholders and large depositors
FCA’s Bailey stresses need for Libor backstop
Chief executive warns firms the end of Libor is not a “black swan” event, but a certainty, as contracts referencing the benchmark continue to grow
Thailand can benefit more from fintech – Veerathai
Thai governor sees role for blockchain technology in improving regional payments
European Court of Justice overrules ECB on French banks’ leverage
ECB’s reasoning on treatment of French savings accounts was “manifestly incorrect”, court rules
Fed signals solid growth in report to Congress
FOMC members support gradual normalisation of monetary policy
FSB launches crypto asset monitoring framework
Metrics will focus on the financial stability risk of crypto market; much of the data will be pulled from public sources
Protectionism triggers ‘rising level of concern’ in US – Powell
Fed chair thinks it is difficult to predict the effect of trade barriers on the economy