International
New BoE climate risk scenarios spark race for extra data
Banks need information from clients or third parties to populate 1,760 stress test variables
Communications Benchmarks 2021 report – making connections
Data offers insights into staffing and salaries, communications channels, social media, new technology and strategies
The ‘golden age’ of central banking has passed
Central banks face multi-faceted challenges and weakened autonomy amid highly polarised inflation expectations
IMF mulls SDR reallocation ‘trust’
Fund is considering ways SDR allocation can be channelled to vulnerable countries
Mountfield to become World Bank vice-president, sources say
More people news: Atlanta Fed names senior VP, and Fed’s first supervision head goes to US Treasury
Inflation fears are ‘overstated’ – BIS research
‘Little evidence’ of the forces that normally lead to persistent inflation, bulletin article says
Most central banks communicate in at least two languages
Central banks must weigh challenge of translating sensitive messages against reach
BIS paper sees fintech creating ‘barbell’ market structure
Authors say regulators should take action as digital innovation drives changes in market structures
US court finds Iranian central bank liable in terrorism suit
Plaintiffs sued Iran and Syria in US court for damages in 2015 Hamas attack
CBDCs provide ‘clean slate’ for cross-border payments, says report
International bodies urge central banks to bolster CBDC co-operation
Climate training hub launched by international consortium
BIS training platform will act as single access point for climate risk training for central banks
IMF executive board backs $650 billion SDR allocation
Allocation is set to be largest in the fund’s history, with launch expected in August
People: RBA’s Debelle given second term as deputy
Iosco gets new secretary-general; Routledge takes over as Canada’s superintendent of financial institutions; new director of research for Kenya
Could higher US inflation boost euro’s international role?
Divergent rates of inflation on both sides of the Atlantic may compel investors to look for alternatives to the dollar, panellists say
World Bank appoints Caribbean and central Asian directors
New York Fed names chief of innovation hub and St Louis appoints head of economic equity institute
Stress tests may be poor guide to capital levels – BIS paper
Authors develop model of how “noisy” tests may cause problems for regulators
FSB maps path for climate reforms
Global body is playing a co-ordinating role given interconnected risks
Basel III helped absorb impact of Covid-19, says BCBS
Early study of pandemic finds better-capitalised banks lent more to households and businesses
O CBDC, O crypto! Wherefore art thou regtech?
Putting more investment and energy into regtech, instead of solely focusing on crypto and CBDC, would help to secure more of the expected benefits from digital evolution
Inflation reports more frequent than financial stability reports
Clear majority of central banks also use ‘layering’ in key publications
Three ways to bolster flawed AML/CFT in the EU
The EU needs to significantly improve the structure and resourcing of its AML/CFT oversight if it really wants to combat illicit money flows, write Panicos Demetriades and Radosveta Vassileva
Suptech strategy: the seven missing links
RBI’s Manoj Kumar Singh sets out the actions central banks need to take to build an effective suptech strategy
FSB proposes menu of policies to tackle money market fund risks
Proposal aims for tailored approach to boosting resilience of key funding markets
Georgieva proposes China deputy governor for IMF job
Li Bo would become deputy managing director from August