News
Bank of Spain unveils first strategic plan
Hernández de Cos’s priorities include better macro-prudential policies and increased trust
Turkish central bank makes fourth rate cut in six months
Central bank has reduced rates by 850 basis points since president dismissed last governor
Regional Fed presidents warn asset purchases are creating risks
Robert Kaplan expresses concern over Fed’s response to market funding pressures
UK regulators set new deadlines for Libor transition
Working group sets out priorities for 2020 as Libor deadline looms
BoE officials hint at willingness to cut rates
Carney, Saunders and Vlieghe all signal cut may be needed, as UK growth and inflation disappoint
People: Modi’s government appoints new RBI deputy governor
Michael Patra takes position left by Viral Acharya in June 2019; EBA names new executive director; UK Payment Systems Regulator appoints a new head of policy
Brainard lending proposal gets boost in Congressional hearing
Participants applaud Fed proposal, while strongly criticising plan by OCC’s Otting
Bank of Ghana payments overhaul to focus on fintech
Central bank will ensure regulation is fintech-friendly, while promoting adoption through new licensing regime
ECB largely welcomes move to expand German macro-pru powers
ECB says measures giving BaFin greater powers are “appropriate”, but need better data
Trump threatens to cut off Iraq from New York Fed account
Central Bank of Iraq risks losing access to New York Fed account if government ousts US soldiers
BoE will get back €58 million from ECB after Brexit
Decision yet to be made on who will make up the capital shortfall; UK will also see its membership of EIB rescinded
RBA says it will replace banknotes ‘completely destroyed’ in bushfires
Central bank prepares for influx of damaged banknotes and continues to make “fire-related” emergency payments
BIS adds members and boosts EME voices on committees
Emerging markets now better represented on key governance bodies
Lebanese governor requests more powers to deal with crisis
Salameh says financial and monetary stability at risk without new measures to regulate banks
FCA takes over crypto asset supervision
UK firms must register with regulator to comply with anti-money laundering rules
Chile unexpectedly halts forex interventions
In December, interventions helped peso appreciate, but it has resumed downward trend
Trump’s criticism undermining confidence in Fed – Yellen
Political pressures could hurt central bank independence, says former Fed chair
KYC initiative could help stem correspondent banking decline
South Pacific KYC utility will be based on digital identification databases; decisions on minimum data requirement yet to be made
Fed to wean banks off daily repos later this year
Total reserves may need to be higher than Fed initially judged as demand for repo operations remains strong
Slovenian central bank demands courts rule on bail-in law
Bank of Slovenia says law would break EU Treaty as bitter dispute over bail-ins escalates
People: Israeli governor nominates Andrew Abir as deputy governor
Former Sarb deputy governor appointed chief executive of Absa financial group; Colombian president picks new board member; Riksbank names new general counsel
Andorra seeks to join International Monetary Fund
Tiny principality would bring IMF members to a total of 190
Economists call for action on risk of dollar liquidity crunch
Credit to non-banks and currency mismatches have grown, while oversight is “fragmented”, report warns
PBoC signs currency settlement agreement with Laos
Agreement comes as Chinese authorities push for increased international use of renminbi