Europe
Major economies outside eurozone to ‘modestly’ decelerate – ECB
Slow growth rates since the “great recession” may point to fall in potential growth, say researchers
EBA launches register of payment and electronic money firms
Freely available online register brings together national authorities’ data
ECB to publish new reference rate in October
New rate should fully replace Eonia by beginning of 2022, ECB says
US agencies move to protect swaps after week of Brexit chaos
Legacy swaps can be transferred without facing onerous requirements, Fed says; week of parliamentary wrangling produces little progress on a final agreement
ECB’s chief economist takes to Twitter
Praet expresses scepticism about dual mandate and rejects ‘modern monetary theory’
Romanian central bank warns on tax as dispute worsens
New team must be installed to lead central bank, says prime minister’s adviser
Europe’s ‘zombie lending’ harmed recovery – BoE paper
Forbearance appears to harm output, investment and total factor productivity, paper finds
Draghi unveils new bank funding as ECB forecasts slower growth
Forward guidance extended and third round of TLTROs introduced as Draghi warns of uncertainty
ECB’s negative rates increased eurozone credit supply – IMF paper
Cuts above zero lower bound did not have same effects on banks, researchers find
Central bank outlook is key to rate decisions’ impact – Bundesbank paper
“Pure policy” and “information” shocks have very different effects on economy, researcher argues
EBA says Paris move will be complete by June 3
All governing meetings to be held in Paris from March 30 as EBA leaves London in response to Brexit
BoE increases euro supply and activates ECB swap line
Financial policy committee warns that no-deal Brexit risks financial instability
Technology in reserve management: Outlook for 2019
Reserve managers look to cloud for solutions, but security issues remain
ECB paper analyses eurozone’s interest rate swap market
Trading is concentrated around a small number of core participants, researchers find
Eurozone lending constraints are effective but only after a time lag, researcher says
IMF paper looks at efficacy of tighter lending on curbing house prices and credit
UK’s FCA unveils ‘near-final’ plan to cope with hard Brexit
EBA calls for further action on deposit insurance as the FCA aims to ensure regulations will still function
Bundesbank paper analyses G10 currencies
Industrialised countries’ currencies differ in their influence on each other, researchers find
Weidmann given second term leading Bundesbank
Deutsche Bundesbank’s distributable profit rises to €2.4 billion
ECJ rules that Latvian governor was unlawfully removed
Latvian authorities failed to produce convincing evidence of wrong-doing by Ilmārs Rimšēvičs – ECJ
Campa confirmed as EBA head
Next EBA chief warns staffing levels may not be enough for AML duties
Monetary policy frameworks need modifying, former Fed governor says
Lower r* requires two key modifications to flexible inflation-targeting regimes, Frederic Mishkin says
Print-your-own banknotes could be the future – DNB official
Single-use banknotes with QR codes could be the future of cash, DNB cash head says
ECB prevented further eurozone deflation, BdF paper says
Researchers say inflation and GDP growth would have entered negative territory in 2015–17
EBA probes alleged AML failings by Danish and Estonian authorities
Estonia and Denmark criticise each other’s ‘failings’ over supervision of scandal-hit bank