Central Banks
Number of dedicated strategic planning units rises
Larger central banks more likely to have dedicated units
Instant payments gaining volumes from RTGS – BoE study
Move may be driven by demand for rapidly available funds and lower payment fees, say authors
BoE says more work needed on UK bank capital requirements
Executive director for prudential policy David Bailey says leverage ratio among issues under review
NBFI oversight ‘no longer adequate’, say BdF economists
Researchers call for stronger supervision of non-bank sector ‘before risks actually materialise’
Cash remains king during extreme weather events – study
Payment system resilience relies on fallback options during digital outages, authors argue
Intranet and events are main strategy comms tools
Central banks widely use dedicated web page for external communications
BoJ holds rates and halves growth forecast
Three dissenting votes mark largest split under Ueda, who points to ‘significantly’ higher inflation
PNG chief says getting off FATF grey list a ‘national priority’
Papua New Guinea was placed on body’s AML/CFT monitoring list in February
Former MNB chief accuses central bank of historical ‘blackmail’
Simor says lender was threatened with closer supervision because of his position on its board
Libya launches $1bn cash sale to citizens
Central bank attempts to reduce demand for US currency in parallel economy and stabilise dinar
BSP says governor is awaiting formal notice of lawsuit
Remolona has not yet received copy of complaint from vice-president’s spouse
Few central banks involve third parties in strategic plan development
Standard operational budgets remain leading source of funding
BIS paper sounds alarm on gaps in crypto intermediary regulation
International co-operation a challenge as expanded activities risk contagion, authors say
Schlegel suggests SNB prefers FX interventions to negative rates
President says central bank will adjust policy ‘if necessary’
DoJ drops Powell probe, clearing way for Warsh
U-turn comes after Thom Tillis doubled down on threat to block president’s chosen successor
Market highs do not reflect risks, says BoE’s Breeden
Deputy governor says risk of multiple shocks occurring at same time keeps her ‘awake at night’
Dark corners: the renewed push for risk-based monetary policy
Central banks are still struggling to perfect models, scenario analysis and risk communication
RBI optimistic on India’s ability to withstand Iran war impacts
Central bank cites strong economic fundamentals, though warns inflation could rise
Disclosure and supervision are top ESG strategy objectives
Emissions monitoring broadly in focus for central banks with narrower plans
Book notes: Money beyond borders, by Barry Eichengreen
Lessons from economic history indicate the dollar’s decline could result in a messy transition that spawns a global crisis
Lagarde calls for reform of IMF’s voting system
ECB president says multilateral institutions need to be ‘better aligned with what the world has become’
Can Banrep survive schism with government?
Finance minister’s withdrawal from board could prevent next two rate decisions from going ahead
Former MNB governor issues statement defending his legacy
Matolcsy says investments and headquarters renovation delivered long-term value
PBoC deputy says Iran war has worsened EMEs’ debt burden
Xuan Changneng calls for better global sovereign debt frameworks