Central Banks
CCP open access will be ‘integral’ part of Mifid review
EC official says politicians will need to decide whether to further delay open access
European central bankers see room for fiscal-monetary co-operation
Pandemic showed it was “critical” for both policies to work together, say central bank governors
UK’s New Payment Architecture brings ‘unacceptably high risks’ – regulator
Payments regulator warns new platform may be too costly and could quash competition
Bailey defends BoE’s independence
Claims that buying government debt threatens independence are “entirely without merit”, governor says
Fed small business survey paints grim picture
Most small businesses report revenue declines; many fear collapse without government aid
Myanmar junta names new head of central bank
Military leadership chooses former governor in reshuffle of economic leadership
German finance minister pushes chief regulator out
Bafin head and deputy resign over their handling of Wirecard scandal
RBI offers bond accounts to retail investors
Central bank to sell debt directly to public, as recent auctions show signs of strain
PBoC subsidiary sets up joint venture with Swift
New initiative could be involved in internationalising renminbi and developing digital currency
Epidemics cause delayed political unrest – IMF paper
Infectious disease outbreaks lead to upheaval after health crisis has passed, researchers say
BoE tells firms to prepare for negative rates
Preparation is not a signal that negative policy rates will be adopted, Bailey stresses
Thai interbank platform starts ‘bulk payments’
Upgrade will increase operability between systems, company says
Eurozone inflation jumps to 0.9% in January
Analysts argue sharp increase was pushed by German tax increase and statistical changes
HKMA defers trade facility repayments again
Loans may be extended further, HKMA says, as unemployment reaches 16-year high
BoE paper seeks origin of systemic risk
Network analysis tool can overcome problems with other approaches, authors say
People: new vice-governors in Burundi and the UAE
Plus appointments at the CFTC and Caribbean Development Bank
Draghi accepts task of leading next Italian government
Former ECB president must first secure enough parliamentary support to become prime minister
IMF grants Tonga $10 million emergency loan
Fund’s Article IV report expresses concern about banking sector; predicts GDP contraction
National statistical agencies must measure informal economy – IMF
Fund outlines new framework for informal economy consistent with GDP methodology
Final NSFR rule unlocks subsidiary funding for US banks
Technical clarification allows subsidiary capital to be assigned as funding for consolidated group
House price distortions slow European growth – Estonian paper
Misaligned prices amplify business cycles in short run but damage growth over long run – researchers
Reserve Bank of Australia launches A$100bn in new QE
Australian central bank surprises analysts with easing measure, despite more hopeful macroeconomic forecast