Financial reporting
Bank of Canada posts first quarterly loss in its history
“We do not make policy to maximise our income,” says Macklem
Powell divests municipal bond holdings
Fed chair acted early to comply in with new ethics code at Federal Reserve
Fed faces years of losses as interest rates rise
QE brought major interest rate risk onto central bank’s balance sheet
BIS balance sheet buffeted by market turbulence
Institution still turned a profit in the year to March 2022
Mozambique’s government owes central bank over $600 million – auditors
Auditors say government is obliged to compensate central bank over forex movements
SNB predicts rise in profits for 2021
Early estimate suggests profits will be up around Sfr5 billion on 2020 figure
Swiss government sets parameters for climate reporting
Guidelines intended to bind large Swiss companies from the 2023 financial year
BIS pays out double dividend after bumper profit
Recovery from Covid-19 handed the BIS its second-largest profit in its history
BoE suspends dividend as capital falls below target
Growth of intangible assets due to RTGS project caused loss-absorbing capital to drop
Central bank profits under pressure
The structure of a central bank’s portfolio and its relationship with shareholders can affect shock-absorbing capital and the amount of profit distributed
Bundesbank retains profits to build up risk provisions
Weidmann says risk provisioning is “first step” due to increased exposure on policy portfolio
SNB profit drops by nearly 60%
Swiss central bank records much smaller profits on foreign currency positions
ECB profit falls by 30% in 2020
Decrease is mainly due to lower Treasury yields reducing income on dollar portfolio
Riksbank proposes larger transfer to Swedish Treasury
Central bank would provide Skr6.8 billion to the government in 2021
UK’s FCA introduces climate disclosure rule
Nearly 500 firms will have to meet ‘comply or explain’ rule on TCFD recommendations
Netherlands Bank backs IFRS plans for global sustainability standards
Governor Knot stresses global standard will be of less use if development continues to lag
UK government pledges economy-wide climate disclosures by 2025
FCA says firms worth $3.8 trillion will disclose climate risks over next three years
RBI to pay out $7.6 billion to cash-strapped government
Central bank maintains capital at lower bound of specified range
How will Covid-19 hit central banks’ financial results?
The crisis has affected central bank incomes from seigniorage and other sources. But by how much?
IMF publishes transparency code for central banks
Updated framework aims to help central banks rank themselves against best practice
Lebanese central bank faces audit as crisis deepens
Inflation is spiralling and IMF talks have yet to result in a bailout package
BIS suspends dividend to prepare for further Covid-19 strains
BIS will not pay dividend for first time since 1950, as senior managers see further turbulence ahead
ECB reallocates subscribed capital after Brexit
Eurozone central banks will increase their total paid-up capital by €1.2 billion over the next two years
Liquidity operations squeezed Fed’s net income last year
Repurchase agreements cost the Fed $6 billion in 2019, preliminary results show