France
Coronavirus panic fuels a surge in cash demand
Evidence of hoarding in Australia, Brazil, Canada, the eurozone, Russia and the US
French governor says ECB could directly fund loans
Villeroy de Galhau also calls for flexible emergency purchases but rules out yield curve control
Banque de France CBDC project uses blockchain to settle transactions
Central bank and French lender use blockchain platform to pay for €40m securities tokens
Lagarde welcomes Franco-German fund plan
Covid-19 response fund would be drawn from common EU budget
Debts, deficits, central banks and inflation
What insights can history provide for central banks hit by large rises in government debt?
People: Sandra Boss quits BoE roles to join BlackRock
Prudential committee member to join asset manager; Coeuré to head committee on Covid-19; and more
Transfer season
Trade frictions with the US have caused a mass industrial transfer to China’s neighbours. Zhou Chengjun, IFF Academic Committee member and inspector of the Macro‑prudential Policy Bureau of the People’s Bank of China, says that shouldn’t stop China…
Crises enliven ‘totalitarian temptations’
Coronavirus pandemic will embolden government ‘power grabs’
Banque de France predicts 6% economic contraction
Confinement laws have had a significant impact on activity
Banque de France seeks partner for wholesale CBDC project
Project will explore CBDC use cases in interbank payment space
ECB strongly criticised by French and Italian leaders
Lagarde’s words spark Italian anger while Macron says first ECB measures are not sufficient
Lagarde misstep overshadows ‘bold’ measures, analysts say
ECB president seemed to have hampered governments’ debt financing at a critical juncture
Ghana’s Addison on banking reform, innovation and the future of the eco
Bank of Ghana governor says Ghana is unlikely to join eco anytime soon
Lifetime achievement award: Otmar Issing
Architect of euro’s framework still playing important role in shaping debate on monetary policy
Specialised lending initiative: BNP Paribas
New ‘global’ setup helped secure US dollar-denominated assets from a Eurosystem central bank
Asset manager of the year: Amundi Asset Management
The French asset manager helped reserve managers meet ESG criteria while boosting AUM
Treasury systems initiative: Calypso Technology
Tech company secured important breakthroughs including with its Maps treasury operations system
Andorra seeks to join International Monetary Fund
Tiny principality would bring IMF members to a total of 190
‘Green finance’ standards ineffective with smaller firms – BdF paper
Banks lend to smaller firms irrespective of their industries’ polluting records, researcher says
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will look at using wholesale CBDC in transactions for tokenised assets
Kansas Fed paper looks at weak US fraud controls
US has much higher ‘in-person fraud’ rates than three other developed economies, researcher says
People: French official becomes ECB’s market operations director
RBNZ replaces assistant governor role in main office with Auckland post; World Bank’s investment arm gets new managing executive officer
The challenges facing Christine Lagarde
New ECB chief needs to lead a successful review of the ECB’s monetary and communications policy
MAS develops fintech information-sharing platform
Singapore partners with Canadian and French regulators