News
AI use proliferating in UK financial services, regulators find
Machine learning can increase efficiency but also amplify risks, BoE and FCA say
FSB calls out ‘uneven’ regulation as vulnerabilities evolve
Board cautions against complacency; Basel Committee says members are still missing deadlines
IMF: loose monetary policy is fostering greater risk-taking
A crisis half as strong as in 2008 could send “corporate debt at risk” to $19 trillion, says the fund
Riksbank’s Ingves weighs post-crisis policy legacy
“Leaning against the wind” clashing with inflation target, communications challenges and cash’s decline have shaped the last decade
People: new Barbadian deputy, Riksbank research chief
Appointments in Barbados, Sweden and the UK, plus the departure of a long-serving Fed official
Ukrainian deputy governor warns government over failed bank
Any deal with former owners of PrivatBank could mean IMF halts aid, Rozhkova says
IMF warns of ‘synchronised slowdown’ as it cuts forecasts
Fund revises down growth prospects for 2019–20 and calls for action on financial vulnerabilities
Bahamas takes steps towards digital currency as legal tender
Central bank proposes changes to governing law to give itself authority to issue a CBDC
MAS makes rare policy tweak amid slowing global economy
MAS targets slower appreciation of Singapore dollar, the first such easing in more than three years
FSB raises pressure on stablecoins as firms abandon libra
Several major payment firms have distanced themselves from the project amid intense regulatory scrutiny
Trichet defends Draghi’s legacy against growing criticism
Former ECB president says unconventional monetary policy measures have helped to avoid deflation
Global banks vulnerable to dollar funding shocks, IMF stability report shows
There has been a “resurgence” of US dollar liabilities relative to assets in non-US banks, IMF warns
Fed unveils plan for ‘technical’ asset purchases
New York Fed will buy Treasuries “at least into the second quarter of next year”
Draghi defends ECB policy
ECB president welcomes debate but insists crisis-fighting policies saved eurozone
New German ECB board member may help unify governing council
Leading candidates seen as capable of playing a more constructive role, as critics become more vocal
Brainard attacks Fed plan to soften regulations
Governor warns regulatory cutbacks risk weakening “core safeguards” put in place post-2008
BoJ weighs further stimulus as tax hike bites
But central bank may be reluctant to add more stimulus while tax hike effects are uncertain
World risks ‘global liquidity crunch’, former BIS officials warn
“Urgent action” needed to prevent crisis, say Philip Turner and André Icard
ECB governing council members disagreed over QE, minutes show
Members also differed over staff assessments of eurozone, but “large majority” backed rates move
Bank of Israel creates centre to boost fintech
Central bank and finance ministry push for more innovation as first digital lender opens
Trump has changed markets’ expectations of Fed’s moves – researchers
Goldman Sachs and NBER both study implications of Trump’s tweets on trade and the Fed
Carney says new £20 note is ‘most secure yet’
Design unveiled today includes security feature combinations never before used on a UK banknote
Chances of US recession ‘notably increased’, FOMC members say
Fed rate-setters worried by trade and political uncertainty and weaker manufacturing, minutes show
Fed opts for asset purchases as liquidity solution
Central bank chooses not to address possible plumbing issues – at least for now