News
RBNZ adopts new dual policy target
New Zealand’s central bank will now have maximum employment target alongside inflation goal
Big tech companies poised to disrupt financial services – FSB
New report claims fintech hasn’t affected competition in financial sector, but big tech firms could pose stability risk
Estonian board nominates deputy governor to lead central bank
Candidate must now undergo three months of background checks by security service
US sanctions on Venezuela could be death knell for petro
Crypto asset is backed by oil reserves the country can barely commercialise
UK cash system needs revamp, says Payment Systems Regulator chair
Charles Randell tells lawmakers the regulator will look at entire cash provision infrastructure in 2019
Fed to finalise balance sheet plans in upcoming meetings – Mester
Discussions over final size and future use of the balance sheet underway at the central bank
Riksbank maintains normalisation plans despite global slowdown
Next rate hike still expected in the second half of 2019
Brexit solution that ‘works for all’ must be found – Carney
BoE governor calls Brexit an “acid test” of a “new global order”
Italian political leader suggests taking control of gold away from central bank
Salvini says selling off part of reserves to finance policy is “interesting idea”
The winners of the 2019 Central Banking Awards
MAS wins central bank of the year, Karnit Flug awarded governor of the year and Zhou Xiaochuan recognised for lifetime achievement; 23 other awards announced
Myanmar adds yuan and yen as trade-settlement currencies
Move comes as yuan use rises and dollar use falls, analysts say
Fed’s Bowman says regulators must tailor regulations for smaller banks
But stress-test reform to relieve smaller banks is credit negative, Moody’s warns
UK lawmakers demand end to inflation index ‘merry-go-round’
UK Statistics Authority called upon to seek permission from finance minister to amend RPI errors
Zhou Xiaochuan wins 2019 lifetime achievement award
The former PBoC governor served for a record 15 years, implementing sweeping reforms that have reshaped the Chinese economy
Senior Italian government members attack central bank and regulator
Dispute over central bank deputy governor and chief regulator now very likely
Trump administration nominates David Malpass as next World Bank head
Nomination comes despite inaccurate pre-crisis predictions and criticism of global institutions
Quarles says FSB ‘must evolve’
New chair calls for changes in the way the organisation assesses financial sector threats
UK economy stumbles as Brexit looms
Quarterly growth slips to 0.2% in final quarter of 2018, and monthly growth turns negative in December; business investment also down
Russian authorities start criminal investigation of failed bank owner
Private lender Otkritie was nationalised by central bank in 2017
Romanian central bank holds talks with government over tax dispute
National Bank of Romania rejects calls to abolish interbank rate
People: Ghana’s Addison to chair Ecowas governors
Thailand appoints assistant governor; Vietnam announces deputy payments director
BoE’s Taylor says external members are now better prepared
External members are now better briefed by BoE staff, but still avoid “group think”
Rwanda to issue new banknotes
New 500 and 1,000 franc notes will have new security features and design elements
ECB stress tests to focus on liquidity risk
Tests will measure systemic European banks’ “survival period” without access to funding markets