Central Banks
Banks and regulators call for global climate risk standards
Carney and Winters warn private sector cannot move much further without lawmakers
Covid-19 bolsters support for greener future – Menon
Managing director takes stock of economic damage but says future will be a sustainable one
Iceland prepares new interbank payment system for launch
Combined netting and high-value settlement system set to go live this week
Canadian opposition says central bank ‘must not become government ATM’
Bank of Canada to end some emergency financing programmes as lawmaker calls more QE “insane”
Transparency on financial stability not always optimal – Fed paper
Author finds upside to opacity, but says central banks may face time inconsistency problem
Central banks show wide variation in cash department staffing
Different staffing levels driven in part by which institutions run their own printworks
PBoC sets sights on macro leverage and NPL risks
Yi says Chinese central bank looking at ways to manage outstanding risks as economy bounces back; financial market reform ongoing
RBNZ looks to bolster capabilities as ‘steward’ of the cash system
Central bank launches review of cash system and increases engagement with financial industry
Bank of Spain sets out research priorities for 2020–24
Central bank will focus on long-term trends including climate change, digitalisation, ageing and more
Frank Smets on the ECB’s strategy review
The ECB’s DG of economics explains how expectations, communication, fiscal dominance, climate change and the Fed’s actions will be factored into the ECB’s delayed strategy review
UK government could give BoE ‘green’ asset holding remit – official
Government could alter BoE’s asset-holding remit to take account of climate-related risks – Hauser
Lawmakers propose reducing Bank Indonesia’s independence
Proposed law change could see finance minister sitting on rate-setting committee
Cash volumes rise in most jurisdictions
Annual growth in banknotes in circulation was 6.2%; or 5.2% on a weighted basis
China starts public trials of experimental CBDC
PBoC and Shenzhen local government issue digital yuan to test retail payments
Fed mulls action on short-term funding markets
Randal Quarles says it is “disappointing” that the Covid-19 crisis carried echoes of 2008
Information drives transatlantic policy spillovers – ECB paper
Tighter ECB policy often causes financial easing in US due to “information effect”, researcher argues