Central Banks
Sri Lankan central bank defends GDP figures
Central bank hits back at accusations of overstated growth figures in latest annual report; insists it follows international best practices
Weidmann says regulation must strengthen principle of individual responsibility
Bundesbank president says higher capital requirements will enable banks to shoulder greater losses by themselves; correct sequence of liability under common European resolution rules also needed
Canadian deputy says shadow banking could push up household debt
Timothy Lane raises concerns over the securitisation of government-guaranteed mortgages through shadow banks; says the low-cost funding could increase lending for mortgages
RBNZ deputy threatens use of loan-to-value restrictions to curb housing demand
Grant Spencer says interest rate hike would not be an 'appropriate response' to strong housing demand while macro-prudential intervention could be effective
EU finance ministers strike deal on bail-ins
Rules seek to impose losses from bank failures on creditors; national authorities told to create resolution funds to absorb losses in ‘exceptional cases’
Fischer says Frenkel will face ‘completely different' world
In his departing press conference at the Bank of Israel, Stanley Fischer highlights many changes that Jacob Frenkel will find when he returns; Frenkel still faces investigation over improper payments
People: Bank of Russia deputy joins government; Bank of Lithuania appoints deputy chair
Bank of Russia's first deputy chairman appointed as economic development minister; former Lithuanian finance minister moves to central bank as Darius Petrauskas departs; Kevin Feldman joins WGC
Basel Committee updates advice on anti-money laundering practices
Consultative document addresses ways for banks and supervisors to cut risk through diligent use of anti-money laundering efforts, including how to co-ordinate across borders
Monetary policy links to financial stability ‘are not straightforward', says Fed paper
Research paper from Fed's Finance and Economics Discussion Series finds monetary policy and financial stability concerns can be complementary - but the connections are complex
Fed presidents in conflict over 'too-big-to-fail'
Lacker, Fisher, Hoenig and Bair called before US Congressional committee to voice their opinions on Dodd-Frank Act's Orderly Liquidation Authority
Draghi calls for closer eurozone union ‘in all fields of economic policy'
Eurozone members need to sort out external imbalances and unemployment as well as acting together to secure banking union
RBNZ unveils 2013-2016 ‘statement of intent'
New Zealand central bank intends to make better use of a wider range of communication tools, as well as beefing up its macro-prudential toolkit
BoE MPC member says QE has worked, and exit need not cause turbulence
David Miles says opponents of QE are overly pessimistic, and research he has been conducting suggests it ‘might well be part of an optimal monetary policy strategy'
Fed proposals seek to shine light into money markets
Proposals for daily data reporting by a panel of 155 banks aim to improve the Federal Reserve's ability to supervise shadowy money markets
Basel Committee reveals leverage ratio formula
Proposals detail leverage ratio calculation framework and disclosure requirements that will enter force in 2015; committee keeps options open for a higher leverage ratio than originally planned
Chinese financiers hit out at 'blind' PBoC
China central bank accused of being blind to potential capital market reaction in its attempts to clamp down on the shadow banking sector
Swedish paper finds benefit in increasing lag-length in VARs
Working paper says it is possible to estimate structural vector autoregressions with long lags and still obtain precise structural predictions
Bank of England concerned by ‘vulnerability’ to interest rate increases
Financial Stability Report calls for assessment of financial institutions' exposure to increases in global interest rates; recommends banks are allowed to reduce their liquid asset holdings
Central bank statistics departments facing multiple strains, says ECB’s Schubert
Meeting new monetary, micro-prudential and macro-prudential data requirements is a major burden for central bank statistics departments, says ECB statistics head Aurel Schubert