Bank of England (BoE)
Search on for Mark Carney replacement
Treasury begins search for new BoE governor, as Carney’s term will not be extended again
Central banks urged to take four key climate actions
Network for Greening the Financial System releases its first comprehensive report
BoE to implement TCFD climate impact recommendations
Mark Carney unveils UK central bank’s move at NGFS event in Paris
PRA breaks new ground on climate risk supervision
BoE says it is the first regulator worldwide to set expectations for firms in tackling climate risks
People: Saunders and Kashyap reappointed to BoE committees
BoE reappoints its most hawkish member to Monetary Policy Committee; RBNZ gains new chief economist; ESM appoints new audit board member
Brexit muddies water in search for Carney replacement
UK chancellor says candidates are put off by the thought of having to debate politics
Now is a ‘critical time’ for Ibor transitions – Bailey
Global regulators convene in Washington, DC to tackle the transition to new benchmark rates
UK Labour Party floats idea of house price target for BoE
Report from opposition party suggests central bank could target 2% house price growth
BoE evaluating ‘utility’ cash distribution model
Model has helped streamline operations in countries where cash usage is on the decline, including Finland and Sweden
Central banks must become more diverse – Carney
Improving diversity increases strength and reduces groupthink, BoE governor argues
Communication still a challenge for the FPC – BoE’s Kashyap
“GDP at risk” could be a useful way of summarising risks for non-experts, FPC member says
BoE to improve supervision in light of bank’s near-collapse
Report on the Co-op Bank’s near-failure warns ‘open banking’ could throw up new systemic risks
Carney says supervisors must develop climate stress-testing
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
BoE on hold as Brexit weighs on outlook
Policy-makers point to weak investment and continued uncertainty
People: Malpass emerges as sole candidate for World Bank president
Bank of England extends Martin Taylor’s time on financial policy committee
BoE’s independence ‘significantly overstated’ – Sharp
Outgoing FPC member says financial stability independence needs to be protected
UK statistics body to launch high-speed indicators
Big data approach should allow faster estimates of economic activity, ONS says
US agencies move to protect swaps after week of Brexit chaos
Legacy swaps can be transferred without facing onerous requirements, Fed says; week of parliamentary wrangling produces little progress on a final agreement
People: Rajan keeps options open on BoE top job
Rajan leaves open possibility of taking on BoE governorship; Al Hamidy reappointed at Arab Monetary Fund; government observer joins RBNZ MPC meetings; and more
BoE/FCA climate forum launches new initiatives at first meeting
Four streams will report back on key financial risks surrounding climate change
BoE economists find CBDC could permit helicopter money
Helicopter drop could be feasible without losing control of rates but may still be unwise, authors say
BoE official warns of Brexit investment impact
Investment is unlikely to bounce back to pre-Brexit levels, Haskel says, regardless of whether a deal can be agreed before the deadline
Europe’s ‘zombie lending’ harmed recovery – BoE paper
Forbearance appears to harm output, investment and total factor productivity, paper finds
Weak pass-through may shield UK from sudden rate rise – BoE’s Saunders
Central banks may start to lose control of policy transmission even above lower bound, says MPC member