News
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of the renminbi hamper the euro’s progress
Africa at risk from faster policy normalisation – Kenya’s Nyaoga
Higher interest rates could threaten portfolio inflows for a region struggling with price rises
New York Fed files to dismiss narrow bank lawsuit
“The costs are real and continuing”, TNB says, as the New York Fed continues to delay
Turkish central bank on hold as lira finds support
Central bank holds main rate in first decision after September’s aggressive tightening action
ECB’s normalisation could spell trouble for Italy’s bond market
Rome’s budget row with Brussels escalates just as QE is about to halt
Jamaican finance minister clears a path for central bank independence
Legislative move a “big and important step”, says Bank of Jamaica's governor Brian Wynter
Bank of Mexico raises cyber alert to red after payment system breach
Mexico’s interbank payment system suffers second breach in less than six months
Bank of Canada resumes rate hiking
New trade deal, business confidence and household credit moderating gives green light to rate rise
Donnery and Enria in contention for top SSM job
Shortlist narrows after closed-door session at the European Parliament
Podcast: Arthur Turrell on agent-based modelling
The Bank of England economist says ABMs should complement, not replace, other models
Cyprus inquiry into failed bank hears conflicting allegations
Inquiry told of strong political influence over Co-op Bank
Bank Indonesia pauses on rate hikes
Central bank keeps rates unchanged as recent data helps shore up the rupiah
RBNZ plans tougher discipline on banks’ regulatory breaches
Proposals would see major breaches linked to disclosure dashboard, highlighting when a bank has broken the rules
PBoC moves to boost lending amid trade tensions
Efforts towards deleveraging are being put on ice as the economy slows
Zimbabwe central bank suspends senior officials over corruption allegations
Government appointee accuses central bankers of illegal foreign exchange dealings
RBI fights plan to strip it of payment powers
Central bank fears move would undermine its ability to regulate currency
Cyprus ex-governor says authorities asked for false audit of failed bank
Orphanides accuses central bank and former government of “murdering” Cyprus Co-op Bank
BoE sparks controversy over expenses disclosure
Governor Carney and two external advisers in the spotlight for large expenses bill
Riksbank says all banks should be ‘obliged’ to continue cash services
Central bank goes “a step further” in ensuring government legislation keeps cash alive in Sweden
Norwegian government recommends Norges Bank retain control of SWF
Finance ministry also proposes creating a committee for monetary policy and financial stability at central bank
Basel Committee moots changes to leverage ratio
Regulation could be amended to mitigate central clearing impact; committee also critical of banks’ “window dressing” behaviour
Iranian central bank looking for alternative to Swift, local media says
Russia and China might be willing to help circumevent sanctions, expert says
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
Venezuela says it will drop US dollar for euros
Maduro government’s plan cannot succeed, expert says