Central Banking
FCA starts to move firms’ data to new platform
UK regulator says RegData platform is faster and more accessible than previous system
ECB highlights new channel reinforcing sovereign-bank nexus
State guarantees indirectly increase banks’ exposure to sovereign risks through corporates
Green firms see equities rise as climate concerns grow – NBB paper
Researchers track relationship between media coverage and large firms’ equity values
Stablecoins could allow for ‘embedded supervision’ – BIS paper
But authors say CBDCs may be a more effective means of achieving the same goal
RBNZ to re-impose loan-to-value limits from March 2021
Central bank records increase in mortgages granted to high-risk lenders
US banks cede to SOFR lending as credit hopes fade
Critics of risk-free rate say dynamic spread will be too late for transition
MAS unveils yuan funding for banks in Singapore
New funding scheme of up to 25 billion yuan replaces overnight funding facility
Sama changes name again under new central bank law
Law change updates and clarifies central bank’s role and responsibilities
Forensic auditors walk out of Lebanese central bank
Finance minister says central blank blocked audit as president stresses investigation must continue
RBNZ considers greater focus on house prices in MPC decisions
Government is concerned house price rises are excluding people from the market
FSB warns of ‘breadth and magnitude’ of climate risks
Report warns climate risk could be more challenging to address than other economic risks
Excess liquidity can weaken policy transmission – BoE paper
“Novel dataset” sheds light on possible unintended consequences of crisis-fighting measures
Biden to nominate Janet Yellen as Treasury secretary
Former Fed chair would become first person to have led central bank, Treasury, and Council of Economic Advisers
IMF misses gender targets as number of senior women falls
Number of women in senior IMF roles “can and should” increase – report
People: Bangladesh appoints deputy; Elderson has bumpy ride
Bangladesh Bank names new deputy; Elderson passes EU parliament vote despite opposition
G20 agrees ‘common framework’ on debt relief
Leaders welcome decision, but criticise private sector for failure to act
Malta appoints finance minister as new governor
Edward Scicluna to replace Mario Vella, who will oversee economic relations with the UK
RBNZ launches review of accidental disclosure
Information on new funding for lending programme was released before policy was officially unveiled
Ghana recovering faster than expected, says governor Addison
Growth has bounced back to double figures and inflation is expected to hit target by mid-2021
South Africa to stop cheque payments by 2021
Since August 2019, cheque usage has declined 59%
NBG paper develops early warning system for external risks
Georgia’s current account deficit and dollarisation create vulnerabilities, authors say
The world’s first retail CBDC tiptoes into existence
The Bahamas’ e-solutions manager Bobby Chen speaks about how Covid-19 brought forward the nationwide launch of the ‘sand dollar’, and how limits and wallet types are affecting usage
Is there a path between the Covid abyss and chasm of financial risk?
Macro-prudential policies are being used to prevent economies from falling into the Covid abyss while also ensuring that a correction in ever-higher asset prices do not crush the economy. Are both objectives achievable?
New Turkish governor presides over sharp rate rise
Erdoğan changes rhetoric to say country must be prepared to swallow “bitter pill” to beat inflation