Federal Reserve System
Banks are reallocating risk, not reducing it – NY Fed study
Under Basel III, banks’ parent companies have made NBFI subsidiaries more fragile, authors say
Fed watchdog issues warning after Chinese espionage case
Inspector-general’s report comes after former board adviser jailed for more than three years
Have regulators gone soft on enforcement? (And should we care?)
US agencies are scaling back punishments for technical rule breaches, raising concerns that small but crucial risks may be ignored
Unclear whether AI will reduce or heighten inequality – Barr
Fed governor’s caution contrasts with Warsh’s more bullish stance
How US regulators could stop management driving Camels
Supporters flag disconnect from other indicators; critics fear early warnings will go unnoticed
US regulators throw banks a curveball on committed credit lines
New Basel III charge on undrawn facilities will hit largest banks in areas like fund finance and credit cards
Fed will ‘follow the law’ and ‘the data’ – Warsh
Chair tells Congress his aim is to keep US central bank out of politics
US inflation and monetary policy at ‘crossroads’ – Waller
Fed governor says FOMC must be ready to prevent repeat of post-Covid inflation
Bowman shuns CECL. Friends say it just needs a little help
How far should FASB go in reforming credit-loss accounting rules?
NY Fed study points to more tariff-related inflation in US
Survey shows many firms plan to pass on further costs to customers over coming months
Perception is reality when it comes to comms – BoE paper
Study finds central bank messaging rarely reaches public, though it shapes media narratives
Rajan, King and Stein to head Warsh’s Fed task forces
Former governors among experts asked to help ‘advance the cause’ of US monetary policy
FOMC worried about inflation despite rate hold
Minutes of June meeting highlight ‘broad-based’ price rises and persistent core inflation
Supreme Court ruling does not end threats to Fed, say experts
Trump likely to continue pursuing Cook while seeking further influence over monetary policy
Lagarde ‘regrets’ forward guidance and Warsh plans ‘family fight’
Fed, ECB, BoC and BoE heads discuss inflation, uncertainty, AI, stagflation and independence in Sintra
Asean’s expanding and evolving swap lines
The Asian trade bloc – with and without China, Japan and South Korea – wants to strengthen emergency liquidity support
Elizabeth McCaul on the need for resilience in cyber security
Former ECB official explains why response preparedness is more important than predicting attacks
Mervyn King on his career and big ‘mistakes’
The former BoE governor speaks with Christopher Jeffery about the value of transparency, lessons from the GFC, the need to track broad money and tie short-term funding to haircut collateral, and danger presented by non-banks
Supreme Court sides with Cook against Trump
Justices rule that firing her would have given future presidents the right to dismiss Fed governors at will
QE reduces bonds’ safe haven properties – BdF paper
Safety is becoming ‘increasingly fragmented’ across asset classes, researchers say
Banxico holds rates at 6.5% in end to easing cycle
Board says inflationary risks remain ‘tilted to the upside’, despite recent easing of price pressures
Governors move markets as much as ECB board members – paper
Presidents' speeches have greatest influence, followed by those given by heads of national central banks
Thailand holds with an eye on GDP
BoT says impact of Iran war less severe than expected but growth still ‘low and uneven’
Obituary: Alan Greenspan, 1926–2026
The crisis-fighting ‘maestro’ admitted there had been a ‘flaw’ in his worldview after the events of 2008