Europe
Permanent FRTB reforms seen as vital for IMA adoption
Temporary relief granted in June has done little to encourage internal model use in Europe
BdF chief urges French politicians to break budget deadlock
Central bank governor warns another stalemate could jeopardise France’s economic future
Mamerto Tangonan on the Philippines’ glocal digital ecosystem
Deputy governor shares insights on the nexus of wCBDC and digital sovereign bonds, multilateral payments governance and 'smart' global trade
Democracy crucial to central banks’ independence, Wunsch says
National Bank of Belgium governor says invective is crowding out rational discourse
ECB and BCB to explore linking Tips and Pix
Feasibility assessment could take a year or more before link is approved
BoE using LLM to review meeting minutes
Bailey says he has “mixed feelings” about use of AI in communications
German authorities announce cyber investment fraud crackdown
“Operation Heracles” cut off nearly 10,000 phone numbers used for investment fraud
Rising defence spending could boost European growth – ECB
But macroeconomic benefits depend on cutting personnel costs and imports
EU central banks want more sovereign bonds in stablecoin reserves
Micar review proposals include severing crypto interdependence with rival banks
Schnabel to join IMF as financial counsellor
ECB official to step down early, creating another opening at the top of the bank
Switzerland, Sweden and Hungary hold rates, Norway hikes
Four European central banks announce monetary policy decisions
Washington is guarding against the wrong dollar threat
Brics nations did not launch a common currency in New Delhi. The payment networks they are building may matter more
China’s machinery and transport exports are hurting EU – ECB paper
Similarity between EU and Chinese goods exports has increased since 2019, research finds
MNB seeks closer alignment with ECB, lowers inflation target
Monetary policy decisions will also be reduced from 12 to eight each year from 2027
US rates surge sparks new wave of FX net investment hedging
Corporates pile into currency hedges to protect value of foreign assets and capture positive carry
Pacific series: Climate is top issue for Fiji’s governor Ariff Ali
Head of central bank speaks about climate, inclusion, modernisation and vulnerability ahead of his likely retirement next year, following 30 years at institution
Adapting to AI crucial to central banks’ credibility, Panetta says
Bank of Italy governor tells Kyiv conference tech-driven investment will alter inflation
Fear of risk and lack of trust block European investment – blog
Financial literacy is key to savings and investment union, say ECB economists
Canadian households and firms adapting to volatility – Macklem
Country has gone through ‘several stages of grief’ over death of open trade with US, says governor
Third parties manage roughly one-sixth of reserves
Compensation for external asset managers takes different forms across jurisdictions
ECB launches Pontes and prepares to invest in tokenised securities
Bundesbank onboarded as market participant to trade tokenised assets settled in central bank money