Europe
NBFI oversight ‘no longer adequate’, say BdF economists
Researchers call for stronger supervision of non-bank sector ‘before risks actually materialise’
Former MNB chief accuses central bank of historical ‘blackmail’
Simor says lender was threatened with closer supervision because of his position on its board
Few central banks involve third parties in strategic plan development
Standard operational budgets remain leading source of funding
Disclosure and supervision are top ESG strategy objectives
Emissions monitoring broadly in focus for central banks with narrower plans
Former MNB governor issues statement defending his legacy
Matolcsy says investments and headquarters renovation delivered long-term value
Strategic planning frameworks widely draw on Swot analysis
European central banks’ strategies tend to favour Pestel analysis
Lane says Blanchard’s Eurobond proposal is ‘feasible’
ECB’s chief economist calls for expanded supply of euro-denominated safe assets
Narrower strategic planners use more pillars than broader planners
Secondary objectives average 15 in central banks’ strategic plans
Lagarde says fiscal response to energy shock must be targeted
Price caps and tax cuts must ‘preserve price signal’ or risk inflationary spiral, ECB president says
People: Bank of Greece approves new term for governor
Plus: change at the top in Vietnam, new general counsel at Netherlands Bank
Third of central banks set strategic plans on five-year horizons
Just one respondent implements planning on ad hoc basis
Growing global imbalances risk ‘disorderly unwinding’ – panel
Imbalances caused by unsustainable growth models and industry policy, experts say
Economic security requires alliances, not autarky – panel
Former RBA policy-maker says countries outside US need strong trade links in uncertain times
EU needs integration, innovation and Eurobonds – panel
Schnabel, Blanchard, Spain’s finance minister and Citadel MD discuss bloc’s future
‘Plaza accord 2.0’ will not fix global imbalances – IMF panel
But getting China and US to implement other necessary remedies will be challenging, speakers say
BoK, RBNZ, SNB and Spain to ‘wait and see’ on Iran war
Governors say policy should consider longer-term price effects of Middle East conflict
BdF ‘not involved’ with French government’s move to Linux
Initiative aims to ‘reduce dependence’ on IT systems from outside Europe
EU-US relations ‘broken in a deep way’ by Trump 2.0 – Blanchard
Economist says 27-strong bloc must not take sides with Beijing or Washington
Central banks should stick to what they know, say governors
Focusing on key existing objectives is preferable to taking on new ones, say panellists
Regulators must be as tech savvy as the scammers – panel
Officials say fraudsters’ use of AI means central banks will need a more agile approach to supervision
Icelandic governor issues call to moderate wage demands
Central bank chief says country’s persistently high inflation can only be tackled through collective effort
Book notes: Can Europe survive? By David Marsh
Marsh poses important questions and cannot be blamed for failing to produce a roadmap to continental salvation
Olli Rehn on demographics, geopolitics and ECB policy
The Bank of Finland governor speaks about immigration and productivity, private credit and stablecoin risks, the mood on the governing council and the impact of conflict in the Middle East
Crypto assets behave more like investments than money – study
Most owners are not using securities for payments and turn to cash in times of uncertainty