News
BoE’s Woods sees value in ditching EU-style rulemaking
Detailed legislation behind banking regulations may be unnecessarily restrictive for UK, says PRA chief; post-Brexit harmonisation with Europe could still cause problems
RBNZ: New Zealand’s biggest bank cannot use own risk capital model
New Zealand central bank says ANZ had “a persistent failure in its controls and attestation process”
Reserve Bank of Malawi cuts rates to 13.5%
Central bank lowers inflation forecast while raising GDP growth forecast
Weidmann warns trade war likely to hurt US more than Germany
Bundesbank president says policy normalisation should continue
Don Kohn offers advice on macro-pru under uncertainty
BoE looks at wide range of indicators but could still do more, FPC member says
RBI unveils vision for e-payments overhaul
Central bank says next 10 years will see “revolutionary shift” in payments across India
Bank of Jamaica lowers reserve requirements further
Second reduction this year could be conflicting with currency concerns
People: Zimbabwe governor given second term
Patterson steps down as Bank of Canada deputy governor; Romanian deputy becomes IMF rep
IMF and World Bank develop system to support debt management
System provides methodology and analytical tools for countries in the process of adopting these techniques
Norway’s revised budget adds to pressure for tightening
Analysts think higher public spending could reinforce Norges Bank’s tightening cycle
BoE to scrutinise banks’ op risk tolerance limits
Watchdog says banks must prove they can stick to tolerance limits; cyber stress test planned
Trump urges Fed to help win the trade war
Fed’s Williams says tariffs are starting to wear on the economy
Cooling economic activity in China paves way for more stimulus
Policy-makers may turn to fiscal stimulus rather than monetary easing
Ukrainian central bank to fight court ruling on major failed lender
Former owner says “I won the lawsuit” but central bank says nationalisation was justified
HSBC hires BoE’s cyber risk chief
Watchdog’s CISO will serve as UK bank’s first head of resilience risk
Israel’s Steiner: central banks must adapt to changing banknote demand
Ilan Steiner highlights importance of banknote data in forecasting future demand
HKMA unveils measures to combat climate change risks
HKMA will be government’s representative in a potential HK$100 billion green bond offering
BoE to expand scheme that sends economists to emerging markets
UK government partners with BoE to provide economic expertise to emerging markets
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
Judy Shelton could be Trump’s next Fed pick
Shelton, like Trump’s two previous picks, is a gold standard advocate
Joint project unveils dataset stretching back to 1086
BoE and statistics agencies publish vast collection of historical data
Baltic and Nordic regulators form anti-money laundering group
Move follows wave of scandals over handling of alleged money laundering
US lawmakers establish task forces to examine fintech and AI
Task forces aim to assess risk to economy and investigate regulation surrounding fintech and AI
Nigerian president nominates Emefiele for second term as governor
Governor has been most important figure in Nigerian economic policy for last five years