Central Banks
Rethinking the CCyB
As central banks rush to replenish bank capital reserves, the countercyclical buffer may need some fine-tuning
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges. Central Banking looks back at the stories that made the biggest impact this year
Court rejects bid to arrest CBN governor
State security application comes as Nigerian central bank calls in naira notes and elections near
New law gives BI monetary financing power during crisis
Law also adds mandate for central bank to support economic growth
Kentucky restaurant sues Fed
Restaurant latest plaintiff to argue that debit interchange fees are illegally high
Eurozone citizens still use cash in majority of transactions
Cash use declines since 2019, but still makes up almost 60% of transactions
Sri Lanka cabinet approves draft of new central bank law
Measure will end CBSL role in buying government bonds
It is time to reorganise the Bank of England
Recent crises have shown the BoE’s management structure to be outdated, says William Allen
ECB adjusts risk controls with eye on collateral availability
First assessment of climate risk in collateral framework concludes no climate-related changes needed
Bo Bo Nge in hands of ‘arbitrary’ regime
Jailing of reform-minded central banker is “attack on central bank governance globally”
IMF backs $3.1 billion loan for Egypt
Conditions include locking in the floating exchange rate
PBoC keeps lending rates unchanged
Analysts expect central bank to cut key lending rates in coming months to support property sector
The rise of non-SDR currency reserves
New Cofer data release may show an overall fall in FX reserves, writes Gary Smith
Non-bank growth pushes global financial assets to new peak
Riskiest forms of shadow banking are growing faster than other areas of finance, FSB data shows
European rates: Norway expects more tightening next year
Switzerland raises rates 50bp and Denmark raises rates in line with ECB
BoE unveils King Charles III note design
New print will enter circulation by mid-2024
Latin American rates: Colombia adopts highest rate since 2001
Argentina holds steady again, while Nicaragua raises rates
Bank of Japan surprises analysts with yield curve tweak
But governor Kuroda says the move is not a rate hike nor a step to end easy policy
Capturing moral hazard: the Scarlet Pimpernel of finance
Moral hazard exists in many contexts, but can be ‘damned elusive’ to capture, writes Jesper Berg
BoE outlines plan to adapt to drop in cash volumes
Legislation will give regulators stronger powers to intervene in wholesale cash market
ECB adopts new ethics rules on trading
New rules ban holding of individual equities, similar to Fed reforms