Central Banking
Regulators fine Goldman $2.9 billion over 1MDB
DoJ says bribes were largest it had discovered, as UK regulators fine US bank $126 million
Ukrainian deputy governor publicly criticises central bank
Governor effectively takes responsibility for banking supervision away from leading reformer
BoE’s approach to payments regulation is technology neutral, official says
Central bank operates “same risk – same regulation” policy, says director of fintech
Policy-makers should develop blockchain standards – panellists
Standards should ensure systems can communicate with one another, experts say
Global dollar liquidity ‘robust’ in face of Covid-19 – BIS data
Dollar credit to emerging markets passes $4 trillion mark as lending to non-banks rises
RBI governor tests positive for Covid-19
Shaktikanta Das is one of the most senior central bankers to test positive for coronavirus
DNB paper looks at eurozone’s interest rates
Paper looks at effects of ECB monetary policy shocks on bank equity prices from 1999 to 2020
Swiss National Bank opposes ban on ‘war material’ assets
Central bank says referendum motion is ill-defined and would hurt reserves management
Bank of Israel increases size of QE programme
Yaron calls on government to act on worsening economic outlook as Israel suffers “second wave”
Former HKMA chief Norman Chan sets up fintech firm
Chan becomes latest former senior Hong Kong official to move to fintech sector
Thai economy is like “patient in intensive care” – governor
Central bank extends debt relief for SME debt relief as political unrest mounts
Kenya’s central bank opens new currency centre
New facility will improve currency circulation within the region, president Kenyatta says
Bank of Italy paper compares US recession-forecasting methods
Measure of uncertainty out-performs even yield curve in short term, researchers say
Eurosystem lays out retail digital payment strategy
Access to cash and level playing field for electronic payments are key elements – Panetta
ECB paper presents new measure of underlying inflation
“PCCI” measure does not exclude HICP items and gives timely notice of turning points, authors say
Turkish central bank holds rates despite currency’s slide
MPC attempts indirect tightening again as expert claims official figures hide true inflation rate
RBNZ warns of cyber risk from cloud
Draft guidelines would mandate firms to notify RBNZ over outsourcing critical functions to cloud
Hong Kong open to working with PBoC on digital currency
Senior government official says authorities would “actively participate” if it aids “mutual connectivity”
EU sees huge appetite for new triple-A asset
‘Sure’ bonds offer the ECB a less controversial option for asset purchases
BIS tracks $1.1 trillion drop in cross-border claims
Lending surged and then fell back as banks reallocated funds during the Covid-19 crisis
Quarles: policy-makers have ‘work to do’ on non-bank fragilities
FSB chair outlines areas where non-banks may have amplified the Covid-19 shock
ECB paper looks at eurozone money markets
Policy-makers must ensure smooth functioning of secured money markets, researchers say
State Bank of Vietnam governor steps down to take senior party role
Vietnam government assigns SBV governor to new party role, without announcing his successor
Malaysia’s central bank to launch climate taxonomy in 2021
Information asymmetry among financial firms is hampering green lending, assistant governor says