News
‘Black box’ models present challenges – US regulators
US officials say they have some powers to assess AI tools, but resourcing is problematic
Argentina’s central bank makes further emergency rate hike as currency falls
Bank makes second emergency rate hike in less than 24 hours
ECB presents ‘red team’ guidelines for simulated cyber attacks
Test will mimic the techniques of real hackers to better understand banks’ cyber defences
SNB governor condemns 'sovereign money initiative'
Thomas Jordan calls on voters to reject proposal for new credit system
Global gold demand weakens despite central bank surge
WGC figures show Q1 demand was its lowest for 10 years, though central banks bought more
People: Carney gets new senior adviser
Bank of England creates new senior adviser role; IMF appoints chief information officer; and more
Central Banking Awards 2018: Gallery
See the winners from the big night, including leading figures from across the industry who came to pick up their awards
UK takes next steps in payments shake-up
Two of the three retail payment systems have been taken over by the New Payment System Operator, with the third to be integrated soon; first non-bank PSP connects to BoE’s RTGS
Bank of Mexico to be more transparent on monetary policy
Central bank will publish meeting transcript with a three-year lag, as part of a policy to make its communication more transparent
US will implement trading book reforms, insists Fed official
“I don’t know why people doubt” US adoption, says Lynch
ECB calls for reforms to macro-prudential framework
“Pecking order” for activating responses should go, ECB says; framework needs “comprehensive review"
IMF tells Vanuatu central bank to tighten monetary policy
Excess liquidity starting to put pressure on prices, as inflation is expected to reach 4.8% in 2018
IMF unveils first vintage of macro-prudential data
Database is the first global source of information on macro-prudential institutions, indicating an overall tightening in policy in 2016
European Union’s AML regime is reaching its limits, EBA director says
Haben raises concerns over ‘passported’ individuals and firms; new European law guarantees access to central bank registers
People: BoE appoints chief cashier in senior reshuffle
BoE makes promotion following departure of Chris Salmon; Malaysia picks new assistant governors; MAS makes changes to senior management
No funds taken in cyber breach, Bank of Mexico says
Central bank reveals three participants of interbank payment network experienced “incidents” within internal systems; banks asked to implement “additional controls”
Venezuelan public invited to invest in national crypto asset
President Maduro announces public will be able to invest in ‘petro’ as well as gold; $1 billion from the proceeds of first petro auction to go to the central bank
Russian central bank bails out another commercial lender
Asian-Pacific Bank is “socially important” in Siberia and Far East, Bank of Russia says
Haldane envisages ‘iterative’ approach to advancing economics
Deductive and inductive approaches “need to share a broadly equal billing”, BoE chief economist says, setting out how the central bank has made use of big data
Carney and Draghi to tackle Brexit risks in new group
EU and UK authorities ask central bankers to manage risks to financial services
BoJ drops timeframe for achieving inflation target
Bank has postponed target for achieving 2% inflation six times since 2013
CFTC chairman expects to resolve EU-US CCP spat
Giancarlo lauds relationship with EU’s Dombrovskis
Bank of England unveils new education initiative
The “econoME” programme seeks to bring basic economics into UK classrooms
World Bank names new chief economist
Pinelopi Koujianou Goldberg brings deep experience of trade economics; predecessor Paul Romer spent a turbulent 15 months in office