News
Iceland to merge central bank and regulator
Reforms aim to boost trust in institutions by reforming monetary and macro-prudential policy
Bank of Canada launches tech collaboration initiative
“We want to partner with anyone who has something to contribute,” COO says
Investigation takes aim at KPMG for mishandling South African bank
“Looting” of troubled VBS would not have been as bad had auditor acted lawfully, report finds
Pakistan turns to IMF for aid
Country’s debts to China could spark political concerns
Paraguay central bank bids farewell to Valdovinos as Sienra takes helm
Administration change prompts Valdovinos’s exit from the central bank after five years of service
Lagarde defends rate hikes as Trump calls Fed ‘crazy’
“I think the Fed has gone crazy”, US president says
IMF calls for fiscal consolidation in anticipation of next crisis
As global financial conditions tighten, emerging economies record higher corporate and sovereign debt
Zimbabwe’s central bank struggles to stem bond note crash
Government economist claims central bank has resorted to printing money
IMF reports growing global financial risks
Supervisors must remain vigilant on risks developing in new areas, IMF says
FSB views crypto assets as minor threat to stability
Report highlights possible risks posed by rapidly changing sector; overall stability threat low, but regulators may need to act in other areas
Former Sarb governor assumes finance minister role
Tito Mboweni succeeds Nene but opposition party questions his “radical views”
BoE calls on EU to act on Brexit stability risks
Failure to act could disrupt $90 trillion of derivatives contracts, central bank warns
IMF cuts global growth forecasts
Likelihood of further negative shocks has risen, warns Maurice Obstfeld
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Amir Yaron appointed Bank of Israel governor
US-based professor in line to take over from Karnit Flug later this year
Bank lawsuit pushes Fed to rethink monetary system
The Narrow Bank has the potential to alter how the Fed conducts monetary policy
Haldane to lead effort to boost UK productivity
BoE chief economist appointed chair of the Industrial Strategy Council
Ukrainian central bank to auction distressed banks’ assets
NBU also announces upgrade to sovereign bond-selling infrastructure
Solid US economy contributes to higher 10-year Treasury yields
Inverted yield curve less likely as long-term growth and inflation expectations rise
PBoC cuts RRR as markets plummet
Trade war fears trigger instability in Chinese markets
A stressful week: saving the UK banking sector
One frenetic week in 2008 led to the formation of the UK’s modern stress-testing approach
Nordhaus and Romer win economics Nobel
Economists specialising in long-run macroeconomic modelling win 2018 Nobel Prize
Bank of Canada launches education website
Central bank widens efforts to educate Canadian students on finance
Central bank independence key to low and stable inflation – IMF
Domestic factors more important than global financial forces, researchers find