Central Banks
Sarb triumphs over public protector in latest ruling
Mkhwebane ordered to pay opponents’ legal costs as judge rules investigation was “unacceptable”
BIS paper uses ‘shadow rate’ to study market expectations
Fan Dora Xia and Jing Cynthia Wu find they can estimate expectations over a longer horizon
ECB orders Latvia to shutter bank over laundering allegations
US Treasury alleges bank laundered billions of dollars and had links to North Korea
Latvian police detain central bank governor on corruption charges
Rimšēvičs says charges are totally unfounded
Reserve managers made financial crisis worse for central banks – paper
Synchronised withdrawal of funds from commercial banks made central bank stabilisation efforts “more difficult”
Algo trading harmed market during Swiss franc crash – paper
Algorithmic traders tended to “consume liquidity and reinforce the price disruption”
Three men arrested for fraud at Kenya’s central bank
Men charged with 11 counts of fraud attempted to present $6.25 million in counterfeit Treasury bills
Saudi Arabia’s Alkholifey on economic restructuring, reserves and cyber security
Head of Sama discusses major changes being implemented in Saudi Arabia
Bank of Russia upgrades interbank loan system
Hackers stole $6 million via Swift in “common scheme”, adds central bank
Central banks mull securities lending as response to low yields
Institutions are proving more willing to experiment as conservatism threatens to erode their reserves
NY Fed paper measures global capital flow pressures
Authors’ method allows them to estimate how sensitive countries are to changes in global risk aversion
Canada effecting a cautious normalisation – deputy governor
Uncertainties related to trade, high debt levels and slower growth may delay new rate hikes
FCA fails to publish contentious report on RBS
Regulator opts to supply parliamentary committee with confidential version of report
EU should create ‘virtual’ post-Brexit replacement for City of London – Bundesbank official
Future financial centres may not need “physical proximity”, Wuermeling says
Singapore to step up consumer protection on e-payments
Banks must offer users better protection measures, but users could also face fines
People: Tunisian governor resigns; EFSF appoints chairman
Governor Ayari quits after Tunisian prime minister initiated the process to replace him; and more
Sama enables blockchain for cross-border payments
Pilot with Ripple will allow domestic banks to settle payments across the xCurrent network
Higher inflation in the US pushes up yields
Headline consumer price index rose by 2.1% year on year
BIS’s Carstens sees danger in rapid technological change
General manager says supervisors should ensure banking system remains resilient