News
Central Bank of Kenya governor attacks new banking law
Patrick Njoroge says the law could be “devastating” for the Kenyan economy
Foreign banks expect Fed proposal imminently
New framework for tiering foreign bank requirements could come as early as this week
ECJ rules that Latvian governor was unlawfully removed
Latvian authorities failed to produce convincing evidence of wrong-doing by Ilmārs Rimšēvičs – ECJ
FSB seeks feedback on reforms’ impact on SME finance
Roundtable participants note considerable differences in how SMEs are treated across jurisdictions
BoE ramps up liquidity auctions as Brexit looms
Central bank will conduct additional auctions of long-term sterling liquidity around the March 29 deadline; MPC members disagree on approach to no-deal uncertainty
Campa confirmed as EBA head
Next EBA chief warns staffing levels may not be enough for AML duties
Monetary policy frameworks need modifying, former Fed governor says
Lower r* requires two key modifications to flexible inflation-targeting regimes, Frederic Mishkin says
China calls a halt to deleveraging
Banking watchdog says deleveraging campaign has achieved its goals
Philippines governor Espenilla dies after 18 months in office
Career central banker tightened monetary policy and championed payment system reforms
US’s first Libor-replacement term rate coming in 2020
Staff at the New York Fed are working on a series of backward-looking averages
US and UK regulators strike deal to protect derivatives trading post-Brexit
Joint statement indicates continued co-operation, “whatever form” Brexit takes
Kazakhstan’s senate appoints new central bank governor
Change comes after president demands government’s resignation due to poor economic performance
SBP launches Islamic facility to fund renewables and SMEs
Central bank looks to supply liquidity to key industries
Fed officials reveal further details of balance sheet plans
Fed discusses letting assets fall off its balance sheet at the same pace as economic expansion
Estonian and Danish authorities trade accusations as further AML scandal breaks
Swedish, Estonian and Lithuanian authorities announce joint investigation into Swedish bank
Looser Fed policy and monetary target hamper Argentina’s currency efforts
Inflation rises faster than expected as Argentinian forex reserves reach record high
Bank of Jamaica increases efforts to stimulate inflation
Central bank cuts policy rates and reserve requirements to spur credit growth
Suriname’s president fires central bank governor
Decision comes after central bank refused to finance public spending, regional reports say
Chinese premier clashes with central bank over credit expansion
PBoC rejects premier’s warnings over interest rate arbitrage and bill financing
World is not running out of safe assets – BIS’s McCauley
Supply of safe assets can comfortably meet demand at present, BIS economist says
Print-your-own banknotes could be the future – DNB official
Single-use banknotes with QR codes could be the future of cash, DNB cash head says
Zimbabwe ditches dollar peg amid warnings of ‘disaster’
Central bank governor pledges stability but analyst says initiative is “cancerous”
Dallas Fed launches economics website
New site aims to cater for wide range of readers, officials say
Central Bank of Iran may be forced to print money to pay government
Governor warns lawmakers that forcing CBI to pay monthly dividend is unwise