News
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”
Belize starts charging banks for payment processing
Central bank had previously shouldered the cost of the payment system
BIS to scale up banking services as part of new strategy
“Innovation BIS 2025” envisages broader research agenda and new channels of co-operation
RBI: bank balance sheets appear to be on the mend
Turbulence of 2018 may have forced non-bank finance firms to face up to risks, says central bank
Large US banks pass Fed’s second round of stress tests
Fed approves capital plans of 17 of the largest banks, which now can increase dividend payments and share buybacks
BoE drops Libor for hedging UK forex reserves
Bank of England adopts Sonia reference rate in UK Treasury swap programme
Basel Committee overhauls leverage ratio to tackle ‘window dressing’
New disclosure rules aim to end “unacceptable” quarter-end rush to cut leverage
MAS triples yearly profit, but warns growth may fall
Singaporean central bank says US-China tensions may cut GDP growth
Italy’s central bank plans could break EU law – ECB
The ECB is challenging the Italian coalition’s plans to take control of gold reserves and central bank shares
People: Sarb deputy governor retires after 10-year term
China appoints vice-finance minister to MPC; senior Bank of Finland official joins IMF executive board.
RBNZ aims to toughen banking oversight
New Zealand central bank wants to play a more “intensive” and “intrusive” supervisory role
Canada facing broad-based inflationary pressures, data suggests
Some analysts say immediate rate hikes unlikely despite price rises
Switzerland should tighten macropudential policies – IMF directors
Authorities should strengthen financial regulator and address real estate risks, IMF chiefs say