Central Banks
CPMI-Iosco report surveys CCP tools for ‘non-default losses’
Losses from investment risk or cyber attacks could threaten a CCP’s survival, report says
US wage expectations rising, says NY Fed labour market survey
Both lowest acceptable transitionary wage and expected salary hit series highs
Generative AI has ‘broad systemic implications’ – IMF
Economists argue regulators need to take action now to mitigate risks
Most central banks say AML/CFT co-operation is good
Small minority of institutions face problems working with domestic or foreign partner agencies
Digitalisation has complex impact on monetary policy – BoC paper
New technologies could affect policy transmission, communication and data tools
BoE researchers call for more advanced stress-testing techniques
Survey finds “great strides” in modelling but calls for greater complexity and feedback loops
UK debt risks likely to stay below historical peaks – BoE analysis
But firms are increasingly vulnerable to rising interest rates, economists find
High income countries’ central banks more likely to say AML/CFT risks are rising
Majority of institutions from middle income countries say money laundering risks have not risen
Dallas Fed finds emerging markets insulated against US rate rises
Proactive rate rises, transparency and accumulated FX reserves helped shield economies
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank
Libyan central bank says it has reunified
US welcomes announcement after years of civil war division but calls for “concrete action”
AI could challenge ‘art’ of central banking – BIS’s Pereira da Silva
Greater use of artificial intelligence could impact decision-making at central banks, official says
BoE prepares to supervise wholesale cash distribution
Law change grants central bank powers to intervene in cash distribution network
Trump says no to third Powell term
Former president says he is “not a fan” of Fed chair he picked in 2017
Study estimates scale of ‘demographic drag’
Loss of economic growth from population ageing could be significant, authors warn
PBoC delivers smaller rate cut than expected
Move signals banks are under strain due to falling interest margins, analysts say
Central banks in high income countries less likely to want NBFI reform
But many central banks in middle income nations want regulatory changes
Uruguay accelerates loosening as inflation hits record low
Central bank says monetary policy remains in “restrictive phase”
Milei will meet with IMF ahead of board decision on loan
Argentine opposition leader calls central bank “thieves” and repeats pledge to abolish it
Riksbank’s Breman says higher rates are necessary
Swedish central bank will announce next policy decision on September 21
Egyptian president gives acting governor one more year
Abdallah has continued programme of tighter monetary policy and devaluation