Central Banks
Reckless bankers should face jail, says UK parliamentary report
UK Parliamentary Commission on Banking Standards delivers raft of recommendations on how to cultivate better responsibility among bankers, banks and their regulators
Bank of England’s FPC needs expanding, says UK parliamentary review
Parliamentary Commission on Banking Standards delivers verdict on UK’s new regulatory architecture; recommends appointing additional external member to FPC to shift power away from bank insiders
Survey finds Lithuanians lack opportunities to use payment cards
Survey respondents would like to pay by card at places that currently do not accept them - but paying through mobile phones is still beyond the pale
PMA launches three-pronged social media strategy
Palestine Monetary Authority launches Facebook, Twitter and YouTube accounts, putting it among the relatively few central banks worldwide that use multiple social media
UK parliamentary review slams 'half-hearted' Bank of England reform
Parliamentary Commission on Banking Standards calls for overhaul of Court of Directors; dismisses central bank's Oversight Committee as ‘half-hearted at best'
QE1 and QE2 operated in opposite directions, ECB researchers find
Researchers at the European Central Bank find that QE1 triggered a portfolio rebalancing out of EMEs into US equity and bonds, while QE2 acted in the opposite direction
RBNZ faces calls to dilute governor's power
Bill introduced by New Zealand's Green Party would see monetary policy set by the whole board and force central bank to publish minutes
ECB research dissects European competitiveness
Working paper separates competitiveness into political and factor price-driven elements; uses new index to show divergent outcomes across Europe
RBNZ’s prudential supervision head backs simpler regulation
Toby Fiennes expresses ‘sympathy’ for arguments in favour of simpler banking regulation, but cautions that simplicity can bring problems of its own; gives hints as to future of regulation
IMF’s Zhu examines impact of changing global relationships on Asian economies
Min Zhu, an IMF deputy managing director, discusses the move towards a global supply chain and the challenges it presents to the development of the Asian financial markets
Draghi says ECB has not compromised its ‘ordoliberal' principles
ECB president tells Stanley Fischer farewell conference that the ECB's LTRO and OMT operations are 'controlled' and 'necessary for the pursuit of price stability'
Korea's Kim calls for economic patriotism at central bank
The Bank of Korea must develop the capacity to match other central banks around the world in acting in the interest of the country's economy, says Choong Soo Kim
Bank of Russia easing could 'jeopardise' inflation anchor
IMF releases Article IV consultation with Russia; encourages central bank to focus on inflation objectives and warns rate cuts would jeopardise ability to hit target range this year and next
Noyer gives green light to Banque de France job cuts
'Modernisation plan' will see thousands of jobs lost at Europe's largest central bank by head count; more investment will be made in technology, IT and training
Colombian paper explains monetary policy transmission divergence across banks
Working paper says banks' size and capitalisation affects their sensitivity to monetary policy shocks and their ability to access alternative funding when core deposits in economy shrink
FDIC officer reshuffle as Wigand retires
Arthur Murton steps up to lead OCFI, with Diane Ellis taking the vacancy created at the division of insurance and research
RBA minutes reflect uncertainty over US and Japanese policy
Minutes of the June monetary policy meeting show uncertainty over effects of Japan’s easing and a possible slowdown of US policy; non-mining sector remains ‘subdued’
Carney appoints Bank of England's first-ever chief operating officer
Charlotte Hogg, currently at Santander, will become the most senior woman at the BoE; final decision to appoint was made by incoming governor Mark Carney
Robert Pringle’s Viewpoint: Rebalancing the fraught relationship between governments and central banks
The growing politicisation of central banking involves central bankers needing to make difficult judgement calls on the areas that lie outside of their competence