News
Ukrainian central bank sues oligarch in Swiss courts for $200 million
NBU demands money from former bank owner it has accused of massive fraud
Bank of Mexico raises rates on high inflation and policy uncertainty
The governing board increased the policy rate by 25 basis points to 8.25%
BoCHK set to secure role for Philippines renminbi clearing
Bilateral settlement gains importance in yuan internationalisation process; race on for Indonesia clearing licence
Riksbank implements first rate hike since 2011
Split executive board reduces inflation forecasts for 2019 and 2020
Europe approves post-Brexit CCP and CSD framework
EC adopts temporary regime to allow UK CCPs and CSDs to continue operating for 12 months after Brexit; BoE and Esma in talks to ensure efficient supervision
Mozambique sources new payments IT provider after dispute
Payment dispute pushes central bank to speed up unification of payment systems; US-based firm chosen to supply computer system for interbank network
Barroso laments loss of post-crisis international fraternity
Nations worked together in the aftermath of the global financial crisis at a time described by former EC president Jose Manuel Barroso as the “peak” of global collaboration
Fed goes ahead with fourth hike of 2018
Policy-makers vote for hike despite volatility, but dovish language suggests growing caution
IMF agrees new aid package for Ukraine
Statement praises Ukrainian reforms but says aid will still be linked to continuing progress
Auditors call for BoE to do more to modernise working practices
Complex, outdated and overly manual processes are adding to costs, says report
Bank of Thailand increases rates for first time since 2011
Monetary policy committee lifts main policy rate by 25 basis points to 1.75%
Podcast: Gender targets – friend or foe?
Officials from the ECB explain why gender targets, though controversial, are necessary to close the gender gap at central banks
Trade tensions may reflect international system design flaws
Former PBoC governor Zhou says global system faces “grave challenges” while former EC president Barroso says current framework “is not working”
China remains “committed” to globalisation, says Zhou Xiaochuan
Debt sustainability to be discussed at second Belt and Road Initiative summit next year; WTO deal still needed
BoE unveils ‘final major piece’ of UK resolution regime
Consultations outline how the BoE will assess banks’ “resolvability”; banks will be expected to submit self-assessments every two years
FCA cracks down on ‘dysfunctional’ UK market for overdrafts
Regulator fears vulnerable people are being exploited while banks claim lucrative fees
RBNZ launches charter in bid to improve relations with banks
Relationship Charter designed to ensure institutions follow appropriate conduct
Zimbabwean central bank officials cleared of wrongdoing
Governor Mangudya says investigation absolves of any wrongdoing, despite previous claims of corruption from former government official
People: RBNZ names new assistant governor
NZ chief economist to step down; Vanuatu governor gets new term; Swift CEO to depart; Don Robert to step down from Bank of England Court
IMF urges eurozone to complete banking union with common deposit insurance
European leaders failed to agree on a common deposit insurance scheme at last week’s summit
More trouble likely after ‘bumps’ in past quarter, says BIS’s Borio
Corporate debt markets are looking overstretched and could trigger problems; term spread may not be best indicator of recession, special feature finds
Mozambique resumes cutting cycle on lower inflation
Prices continue to fall within single digits, but concerns around public debt leave central bank on high alert
Malaysia charges Goldman Sachs over 1MDB scandal
Bank allegedly benefited from inflated fees after employees bribed officials
Slovenian government struggles to appoint new governor
Lawmakers due to vote on nominee after governor retired citing threats and pressure over bail-in