Europe
The IFF China Report 2018: The Belt and Road Initiative
China’s signature Belt and Road Initiative (BRI) now includes 71 countries, with trillions of dollars of investment allocated. Leading Chinese and international policymakers explain how BRI efforts are progressing. This section includes an inaugural…
A route to economic growth – The Belt and Road Initiative 2018 survey
To mark the fifth anniversary of the Belt and Road Initiative (BRI), the IFF – in collaboration with Central Banking – conducted its inaugural Belt and Road Survey of central banks from more than 25 countries and regions. The survey examines BRI…
Senior ECB figure calls for risk-based deposit insurance
Hakkarainen says EU countries should rethink opposition to cross-border scheme
CFTC’s Pan: PFMIs not a template for global regulation
US regulator has previously warned EU supervisors not to unpick hard-won equivalence agreement
ECB will ‘accelerate efforts’ to tackle staff concerns after second survey
14% of respondents report “inappropriate words or behaviour in past year”
People: Bank of Russia appoints new Moscow chief
Senior appointment at Bank of Russia; Uzbekistan picks new deputy; Bank of Japan gains new head of international affairs; Eiopa shuffles board
Irish deputy governor warns of Brexit risks
But Ed Sibley says “much of the heat has gone out of regulatory arbitrage issue”
ECB supports giving ESM independence
Reformed ESM should be used to provide “backstop” for bank resolution, ECB says
FCA prepares crackdown on inaccessible Mifid data
UK regulator says approved publication arrangements not observing spirit of the rules
Brexit will hit Irish economy hard, Banque de France paper finds
Researchers look at cost of undoing European Union’s single market
Investment key to Europe’s digital future, says Commission’s Ansip
Commission vice-president provides update on digital single market project
Major central banks call for concerted action on climate change
“Transition risks” are the most challenging for financial institutions, Carney says
ECB asks European Court of Justice to rule on barring of Latvian governor
ECB says Latvia’s authorities have effectively removed Rimšēvičs from office
No one can win a trade war, says Benoît Cœuré
Senior ECB official says US growth could be cut by 2.5% by tariff hikes
ECB paper proposes eurozone stabilisation policy based on trade changes
Scheme would avoid moral hazard or permanent transfers from one country, authors argue
Eurozone inflation rises in March
Prices rose year on year by 1.4% last month, up from 1.1% in February
Bundesbank paper looks at cross-border cycles in six European economies
Equity prices and interest rates more strongly synchronised than real economic activity – researchers
European Commission proposes uniform cost for trans-EU euro payments
Dombrovskis also calls for EU-wide transparency on currency conversions
Issing sees ‘uncertain future’ for central bank independence
The eurozone architect warns central banks that overreach open themselves to political attack
Distribution of national seigniorage profits is a matter for governments – ECB
New head of Commission’s civil service is seen as key backer of seigniorage proposals
Europe’s CCP recovery rules draw fire
CCPs and clearing members unhappy with proposed allocation of non-default losses
DLT offers new possibilities for securities settlement, says ECB and BoJ team
Second phase of ‘Project Stella’ looks at delivery versus payment on three DLT platforms
Lagarde proposes new European fiscal fund
The mechanism would reduce reliance on monetary policy to respond to future crises
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case