Central Banking
Regulators must be wary of AI’s ‘invisible hand’ – BoE official
Two members of the financial policy committee back idea of AI “constitution”
Cecilia Skingsley on monetary policy tech and a unified ledger
Head of the BIS Innovation Hub speaks about tokenisation, CBDCs and the ‘black box problem’ in AI
Bank of Spain imposes capital buffers on Portugal-exposed lenders
Move follows Bank of Portugal’s November decision over possible risks in housing market
Paper finds link between housing costs and inflation expectations
Housing inflation expectations exceed other measures – National Bank of Belgium research
G7 may use Russian asset profits to fund Ukraine
US asks European governments to agree money should back $50 billion loan
Past US presidents’ Fed pressure raised inflation – NBER paper
Nixon-era evidence points to major impact on price level from “political pressure shocks”
Eurosystem completes first DLT experiment
Austrian central bank settled “mock transaction” on distributed ledger technology
Bank of England to increase staff in regional office
Seven-fold expansion of Leeds employees will widen talent pool and improve trust, BoE says
World Bank to issue first international CHF digital bond
Bond to be settled by Swiss franc wholesale CBDC
Data ‘does not warrant’ July cut by ECB, Schnabel says
Eurozone inflation risks remain tilted to the upside, ECB board member warns
Banks should share data on borrowers, working paper argues
Compulsory data sharing has increased credit supply, Hungarian central bank paper says
Fed green lights more capital relief trades
Five US banks authorised to issue repeat credit-linked notes backed by financial guarantees
Bank of Korea reserves chief promoted to deputy governor
Kwon Min-soo has overseen substantial growth and diversification of the reserves portfolio
Basel Committee examines financial system in digital flux
Committee outlines fintech risks in first report since 2018
RBI calls for better compliance and risk management in NBFCs
Compliance should transcend box ticking and delve deeper, deputy governor says
Bernanke urges regular policy reviews at BoE
Former Fed chair recommends reviews of “policy implementation and framework”
Credit rating agency failures continue despite EU reforms, paper finds
Bond issuers are still “shopping” for good ratings, ECB paper says
Europe needs ‘pragmatic and flexible’ AML authority – Irish deputy
New body should “pick important problems and fix them”, Derville Rowland says
Fed policy-makers express frustration over price rises
Officials draw differing conclusions on the outlook for the labour market
ECB warns against AI market concentration in financial services
Using the same AI providers may amplify risks and threaten financial stability
PMA launches instant payments amid Gaza cash shortage
Instant payments rolled out as most banks in Gaza have suffered “partial or total destruction”
IMF reaches staff-level agreement with Argentina on EFF
The fund could release a tranche of nearly $800m upon board approval
Short- and long-term US inflation expectations rise
Home price expectations also tick upwards as the last mile of inflation proves difficult
China holds key rate flat
Move comes two days before PBoC starts selling long-term sovereign bonds