Central Banks
Senators introduce Fed ethics law
Democrats’ proposals would put board’s ethics rules on statutory footing and impose fines
Brazil makes largest rate hike in decades on fiscal concerns
Inflation continues to grow, as mid-month reading hits 10.3% in October
People: BoE and Sama governors appointed to chair FSB committees
IMF’s Georgieva nominates new CIO; former El Salvador governor dies
Is Powell still on track for second term?
Despite scandals and vocal criticism, support still looks likely to outweigh opposition
Financial Stability Benchmarks 2021 report – executive summary
Findings on financial crime, banking stability, macro-prudential tools, decision-making and future risks
Approaching green central bank balance sheets
Climate-friendly balance sheets come at a ‘greenium’, panellists argue at a roundtable at Central Banking’s Summer Meetings, in collaboration with Invesco.
Reserve Benchmarks 2021 report – in search of liquidity
Insights on portfolio management during the Covid-19 shock, staff and technology adaptation during the crisis, and the rise of green bonds as a reserve asset
Microfinance still key to inclusion despite flaws – RBI deputy
Excessive debt and “coercive recovery practices” demand reform, says Rajeshwar Rao
Nordic central banks stress limits to tackling climate change
Central banks face challenges in greening reserves management and monetary policy
Bank of Canada ends QE
Inflation proving “stronger and more persistent than expected”
BSP governor sides with ‘team transitory’ as inflation stays high
Philippine inflation averaged 4.5% during the first nine months this year, well above target
Namibia plans sovereign wealth fund
Mining and energy revenue will support new entity
Central banks sign up to Fed’s Fima facility
Reported usage is marginal, but backstop is highly valued by reserve managers
RBNZ climate stress test planned for 2023
Central bank faces challenges in adapting NGFS scenarios to New Zealand and greening its own operations
HKMA says firms must report on national security law suspects
Financial regulators say firms must report on those arrested under anti-dissident law
Custodian use in upper-middle income economies declines
Unstable jurisdictions, such as Afghanistan or Venezuela, face risk of losing access to assets held abroad
Bespoke indexes often used with derivatives and securities
Central banks using bespoke indexes are more likely to lend securities
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
Kazakhstan continues monetary tightening
National Bank orders third 25bp increase in a row, in line with Russia
UK financial firms worried by pandemic risks – BoE survey
Market participants cited cyber risk as the most challenging to address
Europe leads on gold lending and swaps
Just over 20% of central banks engage in these operations