Europe
BoE unveils animals that will feature on new banknotes
Public’s choice of barn owl, bumblebee and hedgehog to be supplemented by puffin
UK FCA to investigate itself after whistleblower died by suicide
Regulator appoints ex-BoE official to examine procedures as it faces criticism from former staff
Iceland holds as economy slows
Central bank keeps policy rate at 8% in unanimous vote
Rising bond yields slow policy transmission – Lane
‘Second wave’ of energy inflation yet to ripple through to other prices, says ECB chief economist
Rehn says European safe asset ‘deserves further examination’
ESRB vice-chair says jointly issued bond could help fund defence and energy, but design is the hurdle
Villeroy de Galhau rejects ‘populist’ critique of central banks
Independent institutions belong in driver’s seat ‘more than ever’, says former BdF governor
Permanent FRTB reforms seen as vital for IMA adoption
Temporary relief granted in June has done little to encourage internal model use in Europe
Supervisors must co-operate internationally – Elderson
ECB board member warns emerging risks to stability demand joint response from regulators
ECB should become global lender of last resort – report
Academics put forward policy recommendations to further internationalise euro
Europe must deploy AI ‘intensively’, Lagarde says
ECB president warns shortage of high-technology skills threatens continent’s digital transition
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