Central Banks
Three ways to bolster flawed AML/CFT in the EU
EU must address significant weaknesses if it wants to combat illicit money flows, write Panicos Demetriades and Radosveta Vassileva
US unemployment rate stable at 5.9%
Little sign of ‘substantial further progress’ FOMC wants to see before taper
ECB’s Enria warns eurozone banks over risk-taking
ECB likely to lift recommended dividend pause in September, chief supervisor says
Malawi police arrest former central bank governor and other officials
Kabambe and three others linked to the central bank charged with money laundering
RBI scales back predictions of rise in stressed assets
Indian central bank says policy support has helped curb rise in non-performing assets
NY Fed’s reserve repo facility marks new record
Banks and funds park almost $1 trillion with New York Fed accounts paying 0.05%
Iranian president appoints new central bank governor
Economics professor has served as central bank’s deputy governor since 2014
Another Ukrainian central bank official quits in protest
Head of financial stability department backs other officials’ strong criticisms of bank decisions
Riksbank maintains loose policy
Swedish central bank says it will fully use Skr700 billion portfolio of asset purchases
Kuwait dispute leaves SWF without managing director or full board
Fiscal battle between monarch and parliament keeps top positions at sovereign wealth fund vacant
People: Chile’s central bank appoints new general manager
FCA makes appointments to legal team; Haitian governor to lead financial inclusion initiative
Haldane says inflation targeting faces its ‘most dangerous moment’
BoE chief economist says risks of inflation and fiscal dominance are both on the rise
Ukrainian central bank officials resign in protest
NBU’s decision-making process and standards are under threat, official says
Sarb celebrates centenary with virtual ceremony
Tributes were paid by former governors, regional representatives and the heads of the IMF and BIS
Eurozone inflation expected to decline in June
Early estimates suggest inflation fell to 1.9%, from 2% in May
FSB proposes menu of policies to tackle money market fund risks
Proposal aims for tailored approach to boosting resilience of key funding markets
Georgieva proposes China deputy governor for IMF job
Li Bo would become deputy managing director from August
Lithuania’s central bank bolsters cash services
Central bank signs agreement with banking sector to maintain minimum level of cash provision
The RBI’s next big question: how to normalise monetary policy?
India’s central bank needs to plan an exit from its efforts to manage the ‘impossible trinity’
BoE demands changes at Euroclear after system outage
Central bank takes supervisory action over outage that caused “notable” market disruption
ECB launches consultation on supervisory practices
Central bank says exercise aims to boost transparency on its interaction with banks