Europe
Irish government nominates Philip Lane as next ECB chief economist
European governments have turned down two Irish nominations for senior ECB roles in last year
People: Albania appoints new deputy governor
Luljeta Minxhozi joins Bank of Albania; Netherlands Bank loses chief investment officer; Chile appoints first technology manager; and more
Ireland ready to shield insurance policy-holders in ‘hard Brexit’ – deputy governor
Irish financial system should prove resilient if UK quits EU without a deal, Ed Sibley says
ECB revamps code of conduct for high-level officials
National governors and SSM board members must adhere to policy communication rules
EU supervisors set out process for cross-border AML data sharing
Agreement will allow ECB and national supervisors to share data on suspected money-laundering
European auditors ask lawmakers for increased access to ECB documents
ECB has failed to provide sufficient information in three major audits, official body says
ECB starts publishing statistics on secured euro money market
Data gathered using same methods used to measure unsecured segment of market
EC should conduct ‘comprehensive’ crypto analysis, says EBA
Regulator says crypto assets fall outside the scope of current EU financial services regulation
EU labour mobility is cyclical stabiliser – paper
Common market allows migration from countries with high unemployment to markets looking for workers
EU must decide on how to oversee fintech regulation, ESAs say
Three supervisory authorities publish report on regulatory sandboxes and innovation hubs
Romanian central bank governor says bank tax law is ‘nonsense’
Mugur Isărescu attacks “incomprehensible bomb” in latest dispute with government
Book notes: EuroTragedy, by Ashoka Mody
The former International Monetary Fund insider elegantly tells the story of the creation of the currency that has defied economics, warning that it could get “worse, much worse”
FCA opens temporary permissions regime application window
Firms have until March 28 to notify the UK regulator
Central Bank of Ireland gives go-ahead to Google payments
Tech giant awarded licence under PSD2
Denmark intervenes to maintain euro peg
A rate hike is “very likely” if intervention continues, analyst says
Staff cuts made at majority of central banks since 2013
But staff numbers grow at several banks, including ECB and Bank of England
EU legal officer says Latvian government wrongly barred governor
Authorities provided no evidence to back claims governor acted corruptly, advocate general says
Euro area wage growth appears sustainable – ECB bulletin
ECB wage analysis shows increases are no longer being driven primarily by ‘wage drift’
Europe approves post-Brexit CCP and CSD framework
EC adopts temporary regime to allow UK CCPs and CSDs to continue operating for 12 months after Brexit; BoE and Esma in talks to ensure efficient supervision
Podcast: Gender targets – friend or foe?
Officials from the ECB explain why gender targets, though controversial, are necessary to close the gender gap at central banks
Releasing liquidity can encourage banks’ ‘gambling’, ECB paper argues
ECB paper analyses Portuguese authorities’ response to banking crisis
IMF urges eurozone to complete banking union with common deposit insurance
European leaders failed to agree on a common deposit insurance scheme at last week’s summit
Slovenian government struggles to appoint new governor
Lawmakers due to vote on nominee after governor retired citing threats and pressure over bail-in
Draghi warns of downside risks as ECB ends net asset purchases
ECB will continue buying sovereign bonds with yields below deposit rate