Articles by Central Banking Newsdesk
Rajan sets out ‘idealistic' vision for international monetary policy co-ordination
RBI governor would in an 'ideal world' establish an impartial arbiter of unconventional monetary policy; Lagarde says global welfare benefits should be quantified
Ingves: Swedes should be forced to amortise mortgages
Riksbank governor slams Swedish 'culture' whereby 40% of households ‘do not amortise at all'; average debt-to-income ratio for mortgaged households is 313%
Riksbank sees improvement in interbank rate framework
A detailed examination of the 'Stockholm interbank offered rate' framework was launched in 2011 after several shortcomings were revealed
ECB concerned by growing search for yield
European Central Bank review warns the financial system has become more vulnerable to an ‘abrupt reversal of risk premiums’ in the wake of a growing search for yield
Mark Carney criticises 'radical belief' in capitalism
BoE governor says 'lost sense of moderation' has eroded social capital, but that central bank's financial reform efforts is a start towards more inclusive capitalism
IMF says Irish government should bolster central bank independence
International Monetary Fund report encourages the government to cede power over the central bank; authorities ‘disappointed’ by findings
Greater competition leads to riskier banking, ECB working paper says
Paper finds more competition led banks to resort to more securitisation, greater risk and ultimately a higher probability of being bailed out
Brazil fails to realise Latam financial stability grouping
South American regional initiative to co-operate on financial stability appears to have gone nowhere since it was announced by Brazil in March this year
Targeting financial stability would compromise central bank independence, Lagarde says
IMF managing director Christine Lagarde says adding a financial stability objective to central bank mandates would be incompatible with their continued independence
Menon: Monetary policy can't fill ‘all the cracks'
MAS managing director says monetary policy cannot ensure financial stability alone, as vulnerabilities tend to concentrate in specific sectors
ECB plans to charge banks $355 million supervisory fee
The European Central Bank will charge eurozone banks an annual fee for supervising them; early figures suggest the 130 or so significant banks will foot 85% of the bill
Jamaica governor expects IMF money in June
Brian Wynter says country is performing well under EFF programme; notes 'continued favourable outlook' for inflation but 'elevated' expectations mean stance remains 'conservative'
SSM results could come out early if severe weaknesses are found
Sabine Lautenschläger said today the results of the ECB's assessment of eurozone banks' health could be released early in the case of ‘severe weaknesses'
Danish faster payments system sees limited uptake
Danish central bank annual report on payments systems finds disappointing uptake of an offer to settle customer payments faster; says CPSS/Iosco compliance should be ensured
Fed board remains depleted despite Fischer confirmation
When Jeremy Stein steps down on May 28, the board will comprise three official governors, as Lael Brainard and Jerome Powell await confirmation and further nominees have yet to be made
CentralBanking.com will return on Tuesday, 27 May
Due to public holidays in the UK, CentralBanking.com will not publish a news alert on Monday. Normal service will resume on Tuesday, May 27
PBoC launches $2 billion Africa investment fund
The People’s Bank of China will provide $200 million each year for a decade to finance development projects in Africa, as governor Zhou Xiaochuan criticises past investment deals
'Normal environment' still far off, says Flug
Israeli governor says country's modern central bank law 'internalises global crisis lessons' and includes support for financial stability in mandate
Hungarian central bank says solution must be found to FX household debt crisis
Financial stability report says situation can only be resolved by a definitive move that will apply equally to performing and non-performing debtors
Rajan predicts ‘revolution’ in banking industry
The Indian banking sector is ‘on the cusp of revolutionary change’ as new developments and growing competition are breaking down the ‘grand bargains’ that once dictated its structure
FOMC mulls further tweaks to forward guidance
Committee member floats the idea of replacing inflation target with a price level target to make up for years of undershooting 2% inflation
Armenia central bank chair wins second six-year term
Arthur Javadyan will remain at the helm of the Central Bank of Armenia for another six years; country is entering into another programme with the IMF
Target2 values drop by €150 trillion as ECB changes statistical methodology
European Central Bank excludes overnight deposits from data sample; values processed by Target2 drop from €643 trillion in 2012 to €493 trillion in 2013 as a result
Euro Retail Payments Board sets out work plan in wake of Sepa migration
The board creates two working groups in its first meeting; one on post-migration issues, the other on finding Europe-wide solutions for securing electronic mandates for direct debits