Central Banking
Poloz to leave Bank of Canada in June 2020
After a seven-year term under which the central bank has undergone numerous transformations, the governor announces he will not seek reappointment
Bank of Israel proposes open banking rules to foster competition
Banks and credit card companies to allow supervised third parties access to their customers’ accounts
Turkish central bank faces sluggish economy and political pressure
Updated policy framework includes major increase in MPC meetings, but few other changes
UK regulators weigh rules for ‘operational resilience’
Under proposals, firms will be expected to demonstrate their preparedness for operational issues
Carstens: Money without central banks is doomed to fail
Many “architectures” are possible but they must be built on a foundation of trust, BIS chief says; improving “two-tier” system may be best approach
RBI on hold despite weak growth and inflation
Committee votes unanimously to wait for more data despite seeing “space for future action”
Signs of US banks’ year-end funding concerns continue
New York Fed’s second 42-day term operation oversubscribed by $18 billion
Eurozone bond purchases work as stabilisation tool – BoI paper
Researchers simulate effectiveness of sovereign bond purchases against both real and financial shocks
ECB paper examines low inflation’s impact on Asia
Researchers study impact of downside inflationary shocks on 12 of region’s largest economies
Chilean MPC abandons easing plans amid political unrest
Currency fell sharply in November following prolonged street protests
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will look at using wholesale CBDC in transactions for tokenised assets
Argentine governor resigns before new president takes over
Guido Sandleris calls for economic consensus and central bank independence to tackle high inflation
Many firms not following global forex standards – RBA deputy governor
Guy Debelle says global forex committee shifting focus to algo trading
Fed’s supervision may have added to repo turmoil, Quarles says
Republican lawmaker concerned for financial stability if “bad regulation” is driving monetary policy
RBNZ to impose 18% capital ratio on big banks
Central bank finalises plans for substantial increase in minimum capital requirements
Chile’s forex intervention likely to stabilise peso – experts
Much depends on the reform programme the government chooses to adopt, however
Nigerian central bank levies $1.3 billion on banks
Banks were fined over the failure to increase lending to 60% of deposits, say local sources
Mauritius to roll out forward-looking policy framework
New monetary policy operating framework will look to smooth the yield curve and improve communication with external stakeholders
ECB’s QE boosts equity prices beyond fundamentals – DNB research
Negative sovereign bond yields encourage investors to increase exposure to riskier assets
Elsie Addo Awadzi on turning around Ghana’s banking system
The Bank of Ghana led a multi-pronged effort to rescue or resolve several banks and hundreds of smaller firms
NY Fed’s Stiroh: ‘More work to be done’ on bank culture
Kevin Stiroh discusses progress in reforming banking culture and how technology is changing the risk management equation for both firms and supervisors
Global climate cycles create varied growth challenges – paper
Changing climate has different impact on growth depending on country’s normal climate, researchers find
Greater exchange rate flexibility warranted in Peru – IMF
Limiting interventions would help reduce dollarisation further, says fund
Latvian coalition nominates new central bank governor
Nominee has publicly disavowed current governor as authorities try to deal with serious allegations