Central Banks
ECB estimates trillions of euros at risk from climate change
Central bank publishes sustainable finance, carbon emissions and physical risk indicators
Papua New Guinea names new acting governor
Prime minister says previous acting head had served past legal limit for interim officials
BoE says rush to sell could undermine insurance stability
Supervisor questions whether some firms’ stress-test assumptions are “realistic”
Pakistan raises rates 100bp amid reserves crisis
Reserves now only enough to cover about three weeks of imports
Risk management staff earn many multiples of per capita income
Risk managers paid more in richest jurisdictions but poorer countries still pay competitive wages
Iraqi PM replaces governor after fraud drives currency fall
Dinar falls after US clampdown on dollar transfers following reports of massive fraud
Argentina and Brazil to begin studying common currency
Minister says countries are taking “first step” in project
Fed begins climate risk assessments for largest lenders
Six largest US banks must assess exposure to physical and transition risks by July 31
People: Former PNG central bank governor dies
Bank of Canada appoints non-executive deputy governor; Patra’s term at RBI extended
Japanese inflation hits 41-year high
Inflation now double the BoJ’s target, but officials are not convinced it will last
Somalia plans to introduce new notes by 2024
Country has become dollarised since the collapse of the central government in 1991
South Sudan central bank orders pricing in pounds
Governor orders end to use of pricing in foreign currencies in private and public sectors
Eight key elements to managing a central bank
Former governor Peter Nicholl describes eight critical lessons he learned while developing governance and capacity of the Central Bank of Bosnia and Herzegovina
Use of defined project risk and delegated risk metrics declines
Around three-quarters of central banks have distinct institutional risk appetite
Danish National Bank gets new governor
Christian Kettel Thomsen had long career at finance ministry and served as EIB vice-president
Alan Budd: 1937–2023
Economist played key role in establishing BoE’s inflation-targeting framework
Argentine minister announces debt buyback
Government will repurchase up to $1 billion in foreign currency bonds “to lower risk premium”
Ethiopian PM nominates new central bank governor
“Young technocrat” Mamo Mihretu has served as head of sovereign wealth fund
Head of Jamaican financial regulator resigns over fraud scandal
McFarlane leaves after alleged fraud at investment bank costs sprinter Usain Bolt millions
‘Funding for lending’ may suffer side effects – BIS committee
Survey finds lending schemes tend to be effective, but firms may become dependent