Central Banks
IMF official backtracks on Kenya funding comments
Mikkelsen says Kenya has continued to have access to IMF resources “subject to policy understandings”
Fintech lenders increase efficiency of US mortgage lending, research says
Digital credit providers offer faster services, reliable risk assessments and flexible business models, New York Fed research finds
Bank of Korea unveils changes to its DSGE model
Existing model’s accuracy reduced after structural changes in economy
Greek governor accuses government of ‘outright lies’ over bribery allegations
Prime minister says he wants the truth, but Stournaras accuses government of deception
IMF stresses communication’s role in fostering stability
Neglecting its importance can lead to adverse reactions, such as misinterpretation of policies
Some ECB governing council members wanted softer QE language – minutes
Governing council members also cautious over future exchange rate movements
Philippines advances with policy implementation revamp
The Central Bank of the Philippines is looking to cut its reliance on reserve requirements
Fed paper examines financial spillovers of US monetary policy
Authors find conventional and unconventional policies create different spillover effects
US Treasury hones its bank resolution regulations
Chapter 14 from the bankruptcy code could be overhauled to limit use of Orderly Liquidation Authority
UK firm chosen for Fed cash management overhaul
CPS will take part in “competitive development” to replace high-speed cash-processing machines
Fed anticipates higher growth and tighter policy
Policymakers consider latest economic data warrants continuation of gradual policy normalisation
Authorities need to deal with ‘limitations’ of global standards
BIS’s Fernando Restoy says global standards do not cover all possible risks
MAS aims to move OTC derivatives trading to ‘organised market’
Plan would require around 80% of interest rate swaps to be executed on centralised facilities
ECB lacks power to investigate money laundering, Nouy says
Frankfurt ordered shutdown of Latvia’s ABLV Bank after US Treasury accused it of illicit practices
Italian consumer lending more risk-priced post-2008 – paper
Institutions tightened lending to consumers based on household factors
UK lawmakers launch inquiry into DLT and cryptocurrency
Parliamentary committee to investigate whether UK regulators have struck right balance in regulating emerging technologies
‘Tilting’ building forces Seychelles central bank tenants to relocate
Central bank annex shows signs of “tilting” due to construction work nearby
Thailand set to approve banking agents amid inclusion push
Financial inclusion effort allows people wider access to banking services
Philadelphia Fed’s Harker forecasts only two hikes in 2018
Despite stronger growth and lower unemployment, inflation remains too weak