Central Banking
Future of settlement is taking shape – so are some big questions
Cash or coins? How to tackle loss of netting? What about CBDCs? Market has a lot to decide in settlement revamp
Reserve managers say gold is politically toxic to manage
Treasuries still used as preferred hedge despite increasing diversification away from dollars
Framework guidance helps ECB monetary policy comms – Lane
Approach appears to have made rate expectations more sensitive to economic news, says chief economist
Singapore opens vaults to foreign central banks’ gold
MAS also plans new goods and services tax framework for institutional bullion market participants
BoE deputy signals more hikes in ‘low-hire, low-fire’ dynamic
Headline employment figures mask young people’s work woes, Lombardelli tells watchers conference
AI disproportionately affects young job seekers in US – study
Doors harder to open for new entrants to labour market, says Cleveland Fed research
Eurozone aims to pick ECB head ‘by December’– Eurogroup chief
Lagarde’s successor expected to be chosen as part of broader package of executive appointments
Small nations can offer big lessons – ECCB deputy
Valda Henry tells Virtual Meetings why collaboration and resilience are crucial in today’s volatile world
Waller rules out using balance sheet as he floats 50bp hike
Fed governor also questions whether a ‘stable’ US labour market is a ‘healthy’ one
Government officials told BoJ that economy was at ‘crossroads’
October minutes show board members called for faster tightening at meeting that resulted in hold
Zero rates and QE made bank depositors flightier – research
Asset purchases did not play out as theory envisioned, NBER paper finds
SNB could reintroduce negative rates – Schlegel
Bank sets higher bar for going below zero, but chair says it will act if price stability is at risk
Eurozone exposure to AI debt ‘remains low for now’ – Lagarde
ECB ‘closely monitors’ AI financing and financial stability implications, bank’s president notes
BIS study traces life and death of currencies since 1850
Currencies are usually created for political reasons, but ‘often die for economic ones’, authors find
EBA brainstorming ways to make capital rules competitive
Watchdog aims to provide advice on future revisions before year-end
Paraguay’s central bank credibility ‘in crisis’ over Ueno
Experts raise questions over institution’s supervisory actions and its ties to collapsed digital lender
Lawyers file Amazon deforestation complaints with AML regulators
Legal coalition demand due diligence from banks, investment funds and accountants
Czech Republic raises rates in split vote
Governor says decision, reached by 4–3 majority, is ‘fine-tuning’ to curb inflation expectations
French gridlock will test Lagarde’s successor, economists say
Appointment of next ECB chief could mark ‘turning point’ for monetary union
MAS wants financial firms to be quantum-ready by 2034
Proposal says institutions should create plans for critical systems by 2027 and migrate them by 2030
Banxico cuts rates on account of lower core inflation
Central bank makes ‘one-time’ 25bp cut, with 3–2 voting split on governing board