News
Seychelles must act fast on money-laundering, says central bank
Failure to act could lead to major damage from loss of correspondent banking, report says
ECB needed better data in 2008 crisis, says Lautenschläger
Money market data was “limited” and published too infrequently, says senior ECB official
Bank of Canada hikes rate on solid growth
Tariffs on steel and aluminium expected to have modest effect on growth and inflation
High reserves and low yields force central banks to focus on returns – survey
Equities become more important in reserve portfolios, accounting for 90% of returns in 2017
Argentina tweaks monetary policy framework
Committee will now meet once a month and publish members’ votes
Zimbabwe clears debt with IMF but hurdles to financing remain
IMF looks to extend debt deadline for Somalia and Sudan
Communication strategies too weak to ‘pierce veil of inattention’ – research
Survey evidence is too poor and central bank communication too ineffectual, say economists, but reforms could open up new mode of policymaking
Bank of Russia says cost of major bailout is rising
Central bank makes further capital injection into failed lender Otkritie
People: Palestine Monetary Authority appoints new deputy governor
New members appointed to Finnish and Swiss boards
Singapore moves to curb private housing boom
Buyers have to pay higher taxes and face tougher loan-to-value limits
Failed bank depositors to gain unrestricted access to funds – Sarb
Around 97% of retail depositors will be paid in full, the central bank says, as investigation into mismanaged bank continues
Erdoğan tightens grip on central bank with sweeping decree
President amends central bank law to hand himself key powers over institution’s governance
ECB expresses doubts over Irish draft law on consumer credit
Proposed law could create legal uncertainty over Irish central bank’s powers, ECB says
BoE’s latest big data project targets labour mismatches
Eliminating regional mismatch could have prevented productivity shortfall, researchers find
Bank of Israel’s Flug to stand down in November
First female governor stresses importance of central bank independence
New Zealand’s main banks pass stress tests
Tests cover wider range of risks, including concentration and misconduct risks
Liberian president names Nathaniel Patray as next CBL governor
Nominee has more than 30 years’ experience and stayed in war-torn capital, local media says
Malaysian ex-governor rejects arrested former PM’s accusations
Zeti says former prime minister Najib asked her to lie over money in his bank account
‘Low for long’ endangers stability, warns BIS committee
Some banks could face solvency issues if faced with a “snapback”, warns Philip Lowe
UK regulators review financial firms’ operational resilience
Firms must ensure processes can be maintained after disruption - regulators
SBP ramps up SMS service to handle Eid banknote surge
Service helped millions access fresh notes during the annual demand surge around the festival; system is easy to implement and helps with planning, says Qasim Nawaz
Erdoğan set to wield greater power over Turkish economic policy
President has said central bank’s rate hikes have helped boost inflation
Vietnam jails former deputy governor for negligence
Conviction comes as government cracks down on alleged corruption in banking sector
People: Kosovo appoints new deputy governor
Bank of Spain has a new director-general for economics; Atlanta Fed appoints senior vice-president