Central Banks
Monetary policy transmission may have grown weaker – Dallas Fed
Research finds countries with slow and fast pass-through rates experience similar demand effects
China revises rules for PBoC’s monetary policy committee
New rules form part of Communist party’s drive to strengthen control over domestic financial sector
European monetary transmission ‘weaker and slower’ – IMF paper
Latest tightening cycle weakened by market concentration and ample liquidity, authors find
Operational and financial risk units have largest staff
Upper-middle income institutions have largest average total number of risk employees
Nigerian central bank says it has cleared some lenders’ FX liabilities
Move comes one week after CBN replaces management of three banks for alleged law-breaking
Fed governor bolsters hopes for rate cuts in 2024
Strong state of US economy means there is no need to rush, argues Christopher Waller
Risks persist in China’s economy despite growth, analysts say
Property sector woes, youth unemployment and falling population all cited as long-term challenges
Indonesia holds policy rate again
Central bank stays put for the third straight meeting after inflation stayed within target
Cyber security remains critical concern for risk managers
High income central banks put greater emphasis on market and credit risks
Levelling the playing field for stablecoins
Regulatory asymmetries are a barrier to innovation in digital payments
Bank of Italy paper examines within-firm estimation strategy
Credit interdependence means standard estimates of shocks’ effects are biased , authors find
Local preferences affect US bank lending to minorities – research
Ethnic minorities’ credit access is affected by stakeholders, NY Fed paper finds
RBI deputy calls on government to tackle bankruptcy backlog
Courts are struggling to deal with caseload, putting progress on credit quality at risk, official says
Millions of South Korean workers face AI replacement – research
Workers with higher incomes and education are more at risk, Bank of Korea paper says
Enterprise-wide risk management widespread among central banks
Few institutions maintain use of department-level and damage limitation approaches