Central Banks
Should central banks review their investment guidelines as monetary policy normalises?
Central Banking editor Chris Jeffery talks to Charles Goodhart, Tim Young and Scott Dickinson about the strategies reserve managers can deploy ahead of a tightening in monetary policy
Atlanta Fed blog links inequality to rising education
Economic commentary published by the Atlanta Fed finds the growth in educational attainment in the US in the past decade contributed to rising levels of inequality
ESRB publishes framework for calibrating CCBs
European Systemic Risk Board identifies the indicators EU member states should use when building, reducing and releasing their counter-cyclical capital buffers
Fed levies record fine on sanctions-busting BNP Paribas
The Fed's fine of $508 million is part of a massive $9 billion fine for the French-based banking group for dealing with Iran, Cuba and Sudan in violation of US sanctions
BIS's Caruana warns low interest rates are ‘self-validating'
Persistent low interest rates can become self-validating, BIS general manager Jaime Caruana warns, in annual speech in which he called for greater international co-ordination
Plosser: Fed should be stripped of dual mandate
Charles Plosser says the Federal Reserve should ‘focus solely’ on price stability, as monetary policy has ‘very limited ability’ to influence employment
Lagarde sets competitiveness goal for Caribbean
IMF head Christine Lagarde encourages economies in the Caribbean to address the ‘twin challenges’ of competitiveness and climate change
Israeli banks' core capital ratio would fall to 7.5% in crisis, stress tests show
Banking system would show cumulative loss of three billion shekel, says Bank of Israel, but there would be 'no risk to stability'
BoE scraps 170-year old weekly balance sheet ‘snapshot' to hide emergency liquidity
Bank of England to remove data on emergency liquidity provision from weekly statement, in a step away from full transparency in the interest of financial stability
Bank of Canada may ‘expand’ payments oversight
Deputy governor Lawrence Schembri says the central bank might be charged with the oversight of ‘prominent’ payment systems as well as those that pose systemic risks
Bulgarian central bank calls for jail time after bank runs require emergency liquidity
Bulgarian National Bank says those destabilising the banking system should face jail; bank run met with emergency liquidity from the government
Questions mount over Bank of Ghana's involvement in airlift of $3m football bonus
Experts say central bank must have been aware of $3m government operation that breached forex controls imposed by the bank in February
France and Luxembourg join race to become Europe's renminbi hub
France and Luxembourg next in line for clearing banks after striking deals with PBoC over the weekend; French institutional investors also granted permission to invest in China
BIS warns central banks to bite the bullet on monetary policy normalisation
BIS annual report says it may already be too late for a gradual exit from unconventional policy; warns markets may pre-empt exit if they feel central banks are behind the curve
Solomon Islands central bank publishes first working paper
Paper considers the efficacy of monetary targeting in Solomon Islands; finds evidence suggesting it is more effective than inflation targeting would be
Dutch central bank to cut size of governing board
The Netherlands Bank says it will reduce the size of its governing board in November when it loses some of its powers to the SSM; only president and three directors will remain
Bank of Lithuania joins with country's oldest university to set up research centre
Collaboration aims at promoting ‘practical application' of scholarly undertakings; Bank chair notes criticism that Lithuanian economics is ‘detached from reality'
Irish brief examines relationship between rate changes and bond yields
Economic letter published by the Central Bank of Ireland compares the impact of rate changes on bond yields in the eurozone and Switzerland
RBI sees case for reviewing governance of public sector banks
Public sector banks continue to pose some of the ‘major challenges' facing the banking sectors, the Reserve Bank of India says
Turkish central bank in broad social media push
Bank joined four social network platforms this week in bid to raise public's financial awareness; also says it will aim to foster ‘habit of saving and encouraging the use of' lira coins
RBNZ weighs ‘European presence' to aid reserve management
Reserve Bank of New Zealand says it will review whether a full-time European presence will improve returns on forex reserves; outlines plans to replace vaults
RBI hiring 53 sportspeople out of civic duty
Reserve Bank of India is looking to recruit people from a host of sporting backgrounds, including cricket and table tennis, to working in support roles at the central bank
Temasek marks 40th birthday by opening New York office
Office is the Singaporean sovereign fund's first in the US; chair Lim Boon Heng says Temasek is forward-looking - even experimenting with Bitcoin
Tarullo says Fed must ‘hone' stress test regime
Fed governor says some firms still lack ‘reliable information' about their business exposures; hints at more attention to developing tests' macro-prudential elements