The Americas
Supervisors report sharp increase in AI adoption
Summarisation ranks as topmost area of application, with biggest use in larger teams
Supreme Court ruling does not end threats to Fed, say experts
Trump likely to continue pursuing Cook while seeking further influence over monetary policy
Credit risk is supervisors’ top priority
Climate and AI risks rank lowest across respondents
Elizabeth McCaul on the need for resilience in cyber security
Former ECB official explains why response preparedness is more important than predicting attacks
African supervisory authorities tend to lack sufficient staff
Most respondents combine banking supervision in one unit
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
Non-central bank authorities tend to supervise non-banks
Non-banks offering credit-like products unregulated in tenth of jurisdictions
Forecasters look to complexity for better results
Central banks are developing models with production networks, non-linearities and heterogeneity
Alan Greenspan dies at 100
Fed chair presided over lengthy period of growth, but his legacy came under fire following GFC
Right now, the dollar is too big to fail – panel
Officials say greenback likely to remain dominant for foreseeable future
Central banks must not outsource critical thinking to AI – panel
As uses for the tools proliferate, central bankers weigh up how to use them safely and ethically
Fed holds rates in first meeting under Kevin Warsh
FOMC drops easing bias and forward guidance, as chair announces taskforces to improve Fed operations
Trust must remain bedrock of monetary system – panel
Speakers emphasised need for regulatory alignment and common standards as payments evolve
Central banks face hydra-headed cyber threats – panel
Geopolitics and concentration risk mean attacks could threaten financial stability as well as operations
Canada holds amid uncertainty over tariffs and energy shock
Governor points to US trade policy and Iran war as known unknowns affecting trajectory of policy
BCB financial autonomy bill advances through Senate committee
Legislation first proposed in 2023 would give Brazil’s central bank full control over its budget
Amid debanking drama, banks try to say ‘no’, safely
A basic risk management tool – the ability to turn a customer away – has become a political football
AML/CFT seen as biggest barrier to improving cross-border payments
All African central banks say AML/CFT compliance is a major challenge
Three in 10 instant payment systems built in-house
Montran is most widely-used commercial partner for development
One in five central banks regulates stablecoins
Most respondents are indifferent on use of stablecoins for payment
Fed to move tailored-capital goalposts soon, says Bowman
Banks hope agencies will index triggers for harsher capital rules to economic growth
Number of unplanned outages in RTGS systems doubles
Central banks with longest average downtime typically plan to upgrade system within a year
Two-thirds of RTGS systems now aligned with ISO 20022
Over 80% of central banks aligned with CPMI harmonised standards
Yellen draws lessons from an age of extremes
Ex-chair calls on Fed to look through supply shocks, supervise pre-emptively and defend its independence