News
Irish central bank levies record fine on Wells Fargo
Irish subsidiary of US bank fined $6.6 million for “serious failings" in regulatory reporting
Nigerian central bank pushes for increased lending
Banks must lend money or face higher cash reserve requirements
ECB needs liquidity powers for bank resolution – Spanish governor
De Cos stresses mechanism must include guarantees to repay public money
Moroccan central bank opens investigation into stolen cash
Bank Al-Maghrib says 1.2 million dirhams disappeared in suspicious circumstances
IMF gives Pakistan bailout, but demands central bank freedom
Imran Khan government must have flexible exchange rates and end monetary financing, IMF says
Next IMF chief could be non-European
Carney and Carstens among possible candidates as institution seeks successor to Lagarde
US bank supervisor creates new division for largest banks
New FDIC division offers simplified structure that fosters greater collaboration, chairman says
People: Argentine governor from 'corralito' era dies
Aldo Pignanelli dies aged 69; plus appointments in New Zealand, Europe and Brazil
IMF finds weaknesses in two Bahamian banks
Improved supervision and surveillance measures can strengthen resilience, fund recommends
World’s longest-serving governor given further term
Mugur Isărescu, in office since 1990, will serve again after overcoming political hostility
RBNZ accepts criticism on supervision of CBL Insurance
The insurer was placed into full liquidation in November 2018
Riksbank shies away from global easing cycle
Swedish central bank maintains rate hike plans despite accommodative policy shift in Europe, US, Australia
Trump nominates two candidates for Fed board
Judy Shelton and St Louis Fed’s Christopher Waller will now face Senate confirmation hearing
Russian central bank tries to cut consumer lending
Bank of Russia puts limits on “payday loans” and expresses concern over growth in unsecured loans
Christine Lagarde nominated for ECB presidency
IMF chief part of deal that sees German proposed for commission presidency
RBA slashes rates to new record low
Australia’s back-to-back rate cut is first since 2012
UK regulators welcome plans for clearer green mandate
Government unveils first “green finance strategy”, including changes to policy remits
IMF: some central banks ‘on the verge’ of piloting CBDCs
IMF survey also highlights need for greater co-operation on fintech regulation
Bank of Canada collaborates with private sector on cyber defence
New partnership with private sector bridges gaps in cyber resilience co-ordination, Poloz says
ECB welcomes Cypriot state’s rethink on central bank law
Law allows recapitalisation of the central bank if necessary and clarifies powers to dismiss directors
New Zealand watchdog criticises next Irish governor
But Ireland’s finance minister says Gabriel Makhlouf will still take up role in September
Philippines central bank to support infrastructure plan
Deputy governor says the country could achieve ‘A’ ratings in the next 18 months, which may cut financing costs
BIS says theory behind EME policy must catch up with ‘reality’
Situation is similar to the adoption of inflation targeting in the early 1990s, says BIS annual report
RBNZ on course for capital ratio hike despite backlash from banks
Big banks say plan is “too large and too costly”