News
MAS sets up grant scheme to encourage green loans
Singapore’s central bank will pay part of banks’ and other firms’ costs in hiring environmental advisers
Jim Wolfensohn, 1933–2020
David Malpass leads tributes, saying former World Bank chief “transformed” the way it did business
Phillipines central bank says new website has improved comms
BSP says website’s mobile-friendly design and chatbot has boosted effectiveness
Sveriges Riksbank announces big QE boost
Swedish central bank increases size, scope and duration of asset purchases
FCA starts to move firms’ data to new platform
UK regulator says RegData platform is faster and more accessible than previous system
ECB highlights new channel reinforcing sovereign-bank nexus
State guarantees indirectly increase banks’ exposure to sovereign risks through corporates
US banks cede to SOFR lending as credit hopes fade
Critics of risk-free rate say dynamic spread will be too late for transition
MAS unveils yuan funding for banks in Singapore
New funding scheme of up to 25 billion yuan replaces overnight funding facility
Sama changes name again under new central bank law
Law change updates and clarifies central bank’s role and responsibilities
Forensic auditors walk out of Lebanese central bank
Finance minister says central blank blocked audit as president stresses investigation must continue
Biden to nominate Janet Yellen as Treasury secretary
Former Fed chair would become first person to have led central bank, Treasury, and Council of Economic Advisers
IMF misses gender targets as number of senior women falls
Number of women in senior IMF roles “can and should” increase – report
People: Bangladesh appoints deputy; Elderson has bumpy ride
Bangladesh Bank names new deputy; Elderson passes EU parliament vote despite opposition
G20 agrees ‘common framework’ on debt relief
Leaders welcome decision, but criticise private sector for failure to act
Malta appoints finance minister as new governor
Edward Scicluna to replace Mario Vella, who will oversee economic relations with the UK
RBNZ launches review of accidental disclosure
Information on new funding for lending programme was released before policy was officially unveiled
South Africa to stop cheque payments by 2021
Since August 2019, cheque usage has declined 59%
New Turkish governor presides over sharp rate rise
Erdoğan changes rhetoric to say country must be prepared to swallow “bitter pill” to beat inflation
Fed and US Treasury in public dispute over emergency aid
Fed disagrees with Treasury secretary over proposal to end five stimulus programmes
Philippines central bank makes unexpected rate cut
Inflationary pressures are low and cut will boost confidence, central bank says
Asean central banks call for joint action on climate risk
Asean policy-makers have work to do if they are to catch up with climate leaders, report says
Nigerian central bank freezes protestors’ accounts
Central bank says it is carrying out routine investigation, but protestors say it is targeting them
Kganyago says Sarb needs support from fiscal and macro policy
Governor says monetary policy cannot improve South Africa’s growth alone
Regulators voice concerns over cloud risk
Failure of big cloud service provider could cause “a very large shock”, says NY Fed exec