News
Fed launches online ‘gateway' to bank's history
New website features infographics, essays and biographies to mark the Fed's 100th birthday on December 23
Risky loans reach pre-crisis levels as banks are increasingly bypassed, warns BIS
Basel-based organisation also frets over impact on corporate bond markets from interest rate normalisation; cross-border lending falls in Q2 as non-banks play increasingly important role
National Bank of Belgium weighs reduction in one and two cent coins
Belgian central bank considers merits of allowing traders to round cash and electronic payments to the nearest five cents in a bid to render one and two cent coins ‘unnecessary’
MAS launches two-year technical assistance programme for neighbouring central banks
The Monetary Authority of Singapore will provide training activities and forums for 190 central bank officials from Cambodia, Laos, Myanmar and Vietnam between now and 2015
Bank of Canada's Tiff Macklem quits half way through seven-year term
Senior deputy governor has been appointed dean of University of Toronto's Rotman School of Management; lost out to Stephen Poloz in race to succeed Mark Carney earlier this year
Reserve Bank of New Zealand looks to ramp up ‘alternative' communication
RBNZ doubles down on speeches and alternative media channels such as videos and infographics to cut through post-crisis ‘noise'; follows Riksbank's communication strategy overhaul earlier this week
People: FCA hires regulator from Irish central bank; NY Fed appoints new international head
Central Bank of Ireland loses another regulator, as Andy Coulson quits for UK's FCA; New York Fed replaces Checki as head of emerging markets and international affairs, with outside appointment
RBI consults on treatment of domestic systemically important banks
Reserve Bank of India releases proposals for identifying domestic systemically important banks and increasing their capital requirements; state-owned banks may need capital injections
Bolivian central bank under fire for lending to public enterprises
IMF tells CentralBanking.com the unorthodox practice is ‘counterproductive' and out of step with international norms; bank's constitutional mandate and lending arrangement makes loans legal
Norges Bank issues ‘secret' advice on prudential regulation
Norwegian finance ministry will publish central bank recommendations on countercyclical buffers only once it has decided whether or not to follow the advice; bank holds interest rates at 1.5%
China moves to block Bitcoin as digital currency gains credence
Bank of America analysts say Bitcoin could become a ‘serious competitor to traditional money', but the People's Bank of China warns it 'cannot and should not be used as currency'
ECB ‘ready and able to act’ as staff lower inflation forecasts
European Central Bank holds key interest rate at 0.25% as staff predict inflation drop in 2014; Draghi says governing council is willing to use ‘all available instruments’
New York Fed launches 'consumer expectations survey'
The Federal Reserve Bank of New York will launch monthly survey on consumer expectations early next year; project anchors newly inaugurated microeconomic research centre
ECB celebrates decade of international co-operation
Conference looks back at quarter of a century of co-operation between central banks around the world - in which the ‘helped have become the helpers' thanks to knowledge exchange
East African states strike deal over monetary union
Political leaders from Burundi, Kenya, Rwanda, Tanzania and Uganda sign protocol outlining the path towards an East African single currency area
Sveriges Riksbank overhauls communication strategy
Sweden's central bank will focus on ‘dialogue' to better explain its operations; 'openness and clarity' remain guiding principles for the bank, which regularly tops transparency rankings
Serbia's Đelić calls for central bank governor to quit politics
Former minister behind central bank independence in 2003 says current governor should not also hold political office; calls on EBRD to shepherd 'orphan' banks to safety as foreign owners retreat
National Bank of Denmark winds up emergency lending measures
Six-month loans against a broad range of collateral introduced during the financial crisis will be terminated next year as normality returns to financial sector, central bank says
UK's financial regulator backs end to mortgage lending programme
BoE's Financial Policy Committee wary of the impact of higher interest rates on banks' and households' balance sheets; recommends mortgage lenders be required to heed stress test guidelines
African central banks need to brace for Fed tapering, says Ghana's Opata
African central banks should consider raising FX reserves to cover potential reserves losses and stress in domestic fixed income markets from Fed tapering, says Bank of Ghana official
Bank of Portugal fails to fill chief economist vacancy
Board of directors calls off search for a new head of economics and research due to dearth of quality applicants; initiates review for a 'strategic repositioning' of the department
Gono steps down as Zimbabwe government takes on Reserve Bank debts
Reserve Bank governor survived political upheaval to fulfil two five-year terms at the head of the central bank; final act was to see the bank relieved of its crippling debts by the government
Design of Norwegian banknotes charts new waters
Norges Bank reveals upcoming banknote series will share a maritime theme, reflecting the country's 83,000km coastline; notes will not feature human portraiture
Central Bank of Ireland head supervisor quits
Fiona Muldoon resigns as director of credit institutions and insurance supervision, forcing the central bank to replace three senior staff members in quick succession