Central Banks
BoE appoints UBS UK head to top banking regulator
Bank of England appoints two new members to the Prudential Regulation Authority, the country’s chief micro-prudential regulator
BoE’s Haldane sees greater role for central banks as risks shift
Central banks may have to address different episodes of financial instability as risks shift from the banking sector to other financial players, says BoE chief economist Andrew Haldane
Two future paths for central banking
Andrew Haldane identifies two future worlds for central banks along with their implications for monetary policy, macro-prudential regulation, operations and transparency.
Chan says Hong Kong has nothing to fear from further mainland liberalisation
Competition from Shanghai 'not a zero sum game' says HKMA head; rather, further internationalisation of the renminbi will create a 'bigger pie'
Banque de France's Le Lorier says good communication can ‘substitute' for rate decisions
First deputy says comms can complement decisions in non-crisis times by revealing variables that inform monetary policy; argues monetary and macro-pru mandates can be reconciled
Bank of Portugal splits failed bank BES in 'clean’ resolution
Portuguese central bank splits troubled lender Banco Espírito Santo into good and bad bank as part of a €4.9 billion rescue
ECB economists find ‘considerable heterogeneity’ in impact of crisis
Researchers say that while borrowers ‘benefited’ from low interest rates, debt burdens increased for poor households as their incomes fell
Spencer Dale quits the Bank of England
Bank's head of financial stability and former chief economist quits to join BP, just nine weeks into his new job following a major reshuffle
Former Temasek chairman makes switch to GIC board
S Dhanabalan returns to the GIC board which he left in 2005 to become Temasek chairman; Temasek's head of Europe has also quit the fund
IMF charts path towards PBoC policy rate
Staff report encourages the People’s Bank of China to stabilise borrowing costs in the interbank market as an ‘interim step’ towards establishing a policy rate
Central Bank of Colombia raises rates for fourth consecutive month
Bank raises benchmark interest rate by 25 basis points to 4.25% as annual growth is expected to reach 5% this year on the back of jump in household spending
Bank of Russia-owned Sberbank hit with EU sanctions
EU list of sanctioned state-owned banks includes central bank-owned Sberbank, despite the US leaving it off its list this week
Argentina default may threaten central bank reserves
Developments this week could spell trouble for central bank; analyst says markets have overlooked Argentina's ‘heavy' debt repayment schedule going into next year
Polish paper proposes new model for risk of ‘double default' on collateralised loans
Commonly used Gaussian copula-based approach does not properly capture the residual risk to central bank balance sheets posed by correlated defaults
Mundra named RBI deputy governor
Reserve Bank of India announces the appointment of Subhash Sheoratan Mundra, formerly head of Bank of Baroda, as deputy governor