Europe
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
UK mortgages out of sync with BoE policy
Average two-year rates for home loans have risen since March, despite BoE’s extended pause
Regulators better prepared for next Credit Suisse, says SRB head
FSB strengthening guidance on international co-operation, but EU needs more mutual support
The OeNB’s Martin Kocher on the Eurosystem’s inflation outlook
The Austrian central bank’s governor speaks about ECB succession, forward guidance and eurobonds, as well as lessons from QE losses, access to cash interventions and Austria’s excessive deficit procedure
Relying on ECB to fight inflation ‘no longer viable’ – paper
Researchers argue EU should co-ordinate with central bank to tackle ‘shockflation’
Rates cannot blunt trade coercion, Krugman tells ECB conference
Nobel laureate says EU’s fix for external shocks lies in industrial, not monetary, policy
BoE holds rates and reveals talks to sell gilts to Treasury
Economists voice concerns over blurred fiscal and monetary policies
People: Union leader among BoE’s new non-execs
Plus RBNZ assistant governor to leave and Fnality appoints three ex-central bankers
Foreign exchange interventions jump 71% year on year
One in four central banks uses derivatives for FX intervention
Tokenisation: a load of old bull for London’s financial markets?
Focusing on tech in context of digital transformation risks repeating 1980s Taurus debacle
Investment tranches account for half of reserves
Just one-fifth of central banks lack tranching mechanisms
Ukraine’s ESG lessons from a war zone
NBU governing council member Olena Shcherbakova speaks about how environmental, social and governance rules can be adapted for dual-use and defence requirements
From Pillar to Pillar… to post: where now for op risk in Europe?
Experts think enhanced Pillar 2 charge informed by Dora would be more useful than a blunt Pillar 1
Middle East conflict will prolong inflation shock, Lagarde says
ECB chief warns AI is also driving long-term funding costs for governments
Larger reserve holders operate longest portfolio duration
Duration among respondents holds steady at around two years, on average
MNB governor signals cautious optimism over euro adoption
Hungary has to overcome ‘pessimism’ if it wants to join currency union, says Varga
Reserves exposure to non-SDR sovereign debt increases
US Treasuries and gold remain the most prominent asset classes
PRA struggles to follow Fed’s FRTB modelling moves
Market risk experts say minor differences in US rules add up to more incentives for IMA adoption
ECB implements second 25bp hike of year
Bank says second-round effects have yet to show up in wage data as energy inflation spikes to 14.2%