Bank of England (BoE)
Haldane and co-authors conclude QE has made UK happier
Authors use survey data to track QE’s impact on household balance sheets
Common asset holdings important for stress testing – BoE paper
When banks and non-banks hold the same assets, losses can be magnified, authors warn
Central banks should disclose ethnic pay gaps – BoE research
Diversity pay gap disclosures could result in behavioural change similar to climate risk disclosures, authors argue
London court blocks Venezuelan government from using gold
Lawyers for Maduro regime say they will appeal over access to $1 billion store
Researchers test forward-looking uncertainty measures
BoE paper says the measures are likely to be useful for policy-making in the face of sudden shocks
BoE issues deadline for firms’ climate risk plans
PRA says firms’ climate risk disclosures and scenario planning need major improvements
BoE partners with QA Media to benchmark software investments
Central bank aims to improve own software development processes, and those in the banking sector
BIS expands innovation hub network
Several new locations unveiled in Europe and North America
BoE still falling short of ethnic diversity goal
Central bank has set itself aim of having 13% senior managers from ethnic minorities by 2022
Financial shocks explain ‘large share’ of US business cycle – BoE paper
New identification method helps avoid pitfalls encountered by earlier research, author says
NGFS offers concrete next steps to assess climate vulnerabilities
New climate risk scenarios to be adopted by BoE and Buba
FCA to gain new powers to tackle ‘tough legacy’ issues in Libor transition
Untangling complex legacy issues is looking increasingly difficult as delays mount due to Covid-19
BoE admits bond holdings are contributing to climate change
UK central bank’s bond portfolio is out of step with international climate goals
People: Nikhil Rathi appointed UK FCA chief
Stock exchange boss to take helm at regulator; new member of BoE committee named; and more
BoE apologises for former officials’ links to slave trade
Central bank says it was never directly involved in slavery, but former governors were
BoE expands asset purchases by £100 billion
Haldane casts sole vote against expansion as ex-MPC member Sentance warns of “autopilot”
Should the BoE go negative?
Much research into negative rates suggests central banks should have little to fear
CBDC development pushed into ‘top gear’ by Covid – policy-makers
The pandemic will have a lasting impact on consumer payment behaviour, panellists say
BoE launches new education progamme for children
UK central bank broadens financial literacy campaign with second programme for schools
UK GDP growth plunges to -20% in April
Figure is worst on record, but may be somewhat better than earlier official estimates
People: Former BoC governor Poloz joins board of energy firm
Haldane gets third time on Bank of England MPC; Bank of Israel director general steps down; and more
Balance sheets could grow by 23% of GDP in largest advanced economies – BIS
Economists forecast balance sheets will remain large for the foreseeable future
BoE’s Cunliffe: central banks must consider market liquidity backstop
Markets weathered the first phase of the Covid-19 crisis, but not without support, deputy notes
Cost of Mark Carney’s leaving gifts revealed
Former governor’s gifts appear small in comparison with predecessor Mervyn King