United Kingdom
FCA signs new agreement with Asic as Brexit looms
UK regulator ensures continuity for trade repositories and alternative investment funds
Irish central bank warns no-deal Brexit would harm growth
Central bank expects strong Irish growth if ‘disorderly Brexit’ is avoided, but inflation is still weak
BoE evaluating ‘utility’ cash distribution model
Model has helped streamline operations in countries where cash usage is on the decline, including Finland and Sweden
People: New chief operating officer appointed at the Fed
Patrick McClanahan returns to US central bank to take up COO post; former Central Bank of Ireland chief dies; and more
Central banks must become more diverse – Carney
Improving diversity increases strength and reduces groupthink, BoE governor argues
Communication still a challenge for the FPC – BoE’s Kashyap
“GDP at risk” could be a useful way of summarising risks for non-experts, FPC member says
BoE to improve supervision in light of bank’s near-collapse
Report on the Co-op Bank’s near-failure warns ‘open banking’ could throw up new systemic risks
Carney says supervisors must develop climate stress-testing
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
Brexit coin may have to be redesigned amid delay
The coin face is stamped with a message and the UK’s expected departure date
BoE on hold as Brexit weighs on outlook
Policy-makers point to weak investment and continued uncertainty
UK and EU agree template for no-deal Brexit supervision
Template sets out basis for supervision rules under no-deal Brexit, with deadline little more than a week away
People: Malpass emerges as sole candidate for World Bank president
Bank of England extends Martin Taylor’s time on financial policy committee
BoE’s independence ‘significantly overstated’ – Sharp
Outgoing FPC member says financial stability independence needs to be protected
UK statistics body to launch high-speed indicators
Big data approach should allow faster estimates of economic activity, ONS 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
People: Rajan keeps options open on BoE top job
Rajan leaves open possibility of taking on BoE governorship; Al Hamidy reappointed at Arab Monetary Fund; government observer joins RBNZ MPC meetings; and more
BoE/FCA climate forum launches new initiatives at first meeting
Four streams will report back on key financial risks surrounding climate change
BoE economists find CBDC could permit helicopter money
Helicopter drop could be feasible without losing control of rates but may still be unwise, authors say
BoE official warns of Brexit investment impact
Investment is unlikely to bounce back to pre-Brexit levels, Haskel says, regardless of whether a deal can be agreed before the deadline
Weak pass-through may shield UK from sudden rate rise – BoE’s Saunders
Central banks may start to lose control of policy transmission even above lower bound, says MPC member
BoE paper: corporate bond purchases boosted market liquidity
Study of post-Brexit QE finds purchases helped support bond market liquidity
BoE unveils plans to overhaul cash distribution as volumes fall
Independent report demands action to preserve UK’s cash infrastructure
BoE increases euro supply and activates ECB swap line
Financial policy committee warns that no-deal Brexit risks financial instability
BoE publishes revamped FPC communications
New approach follows the style of MPC announcements more closely