France
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
Central banks turn to Instagram to reach younger generations
Audiovisual social media network is helping some central banks offer financial education for millennials and Gen Zs
King calls for radical shake-up to escape ‘low-growth trap’
Central bank models fail to appreciate demand-side secular stagnation
Book notes: Economics for the common good, by Jean Tirole
Book should be well received amid recent rise in populism
Banque de France research takes fresh look at eurozone interbank markets
Secured interbank markets not bounded by ECB’s deposit facility rate, results show
Cyprus central bank adopts Maps treasury management system
The system was built by Calypso and has been used by the Bank of Spain and Banque de France since 2016
Stablecoins raise ‘sovereignty challenge’, says de Galhau
French governor says rise of stablecoins highlights need for pan-European action on payments
People: Banque de France deputy nominated to EU Commission
Additional appointments in Turkey, the US and at the Financial Stability Board
The winners of the 2019 Fintech and Regtech Global Awards
Prizes awarded for outstanding work at the cutting edge of financial technology
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail; and more
Carney warns Germany and France of Brexit derivatives cliff edge
BoE governor says it is in the “interests” of EU countries to ensure contract viability ahead of Brexit
BDF paper presents model for larger stress-tests
Model can be used to analyse impact of macro-prudential measures, authors say
Macro-prudential analysis is not fit for task – leading economists
Carney and Honohan warn of fund failures and Hélène Rey calls for better risk indicators
Are central bank digital currencies inevitable?
Launching a CBDC could protect the pre-eminence of public money, a new report argues