Central Banks
Norway hands SWF ethical investment responsibilities to central bank
Finance ministry disbands external ethical investment committee, putting responsibility for decisions with Norges Bank Investment Management
Ukraine central bank gets new audit committee
Refreshed oversight council gives blessing to new deputy governors and establishes new audit committee; daily FX benchmarks will now be effective immediately
Early-warning indicators ‘crucial' where imbalances don't cause inflation
Hungarian paper singles out early-warning signals for macro imbalances that could be missed by a single-minded focus on price stability
Iceland prepares to phase out smallest banknote
Central Bank of Iceland hints at replacing the 500 krónur banknote with a coin, and scrapping the three lowest value coins altogether; introduced new 10,000 krónur note last year
US banks get stay on Volcker rule
The Federal Reserve has given banks until July 2017 to shed investments in collateralised loan obligations, potentially saving them millions of dollars
Weidmann would consider 'outsourcing’ SSM from ECB
Jens Weidmann tells Klaas Knot the ECB should consider ‘outsourcing’ the single supervisory mechanism once it is established
Bank of Canada appoints first COO
Filipe Dinis appointed as Bank of Canada’s first-ever chief operating officer; assumes oversight of the central bank’s strategic planning, administrative functions and operations
Turkey's Başçı reiterates rate cut is unlikely
Central Bank of Republic of Turkey governor Erdem Başçı says lower interest rates unlikely following PMs call for a cut on Friday
St Louis Fed research chief calls Bitcoin ‘stroke of genius'
St Louis Fed vice president and head of research has raised some central bankers' eyebrows by encouraging them to ‘welcome the competition' from the virtual currency
BoE adds ECA-backed loans as acceptable collateral
Loans guaranteed by UK export credit agency UKEF will be accepted under the Bank of England's Sterling Monetary Framework, with a haircut
Riksbank appoints two senior managers
Appointments to human resources and cash and payment systems sections follow establishment of three new departments on March 1
Danish governor repeats call to join banking union
National Bank of Denmark governor Lars Rohde insists it would be in the ‘best interests’ of the country to join the banking union; predicts ‘substantial impact’ one way or the other
ECB says forward guidance a success
European Central bank annual report for 2013 finds forward guidance helped to stabilise money market conditions and anchor market expectations
Yves Mersch urges ABS regulation rethink
European Central Bank executive board member calls for global framework that distinguishes between securitisation instruments of different qualities
Monetary policy's 'new normal' will challenge central bank independence, say IMF staff
The ‘new normal' for monetary policy, including taking account of macro-prudential concerns and cross-border spillovers, will also complicate accountability and challenge central bank independence
Sri Lanka’s Cabraal challenges IMF ‘conventional wisdom’
Governor says IMF’s recommended remedy would not have worked in Sri Lanka; says recent recovery justifies the authorities’ chosen course of action
People: New deputies at RBI and Bank of Latvia; Russia appoints director
RBI fills seat vacated by Anand Sinha; Zoja Razmusa becomes deputy governor at Bank of Latvia; Olga Alexandrovna appointed as director at the Bank of Russia
BoE's Haldane says asset managers the 'next frontier' for macro-pru policy
Bank of England's head of financial stability says macro-prudential action may be justified 'even when leverage is not present and banks are not at the scene of the crime'