Central Banking
Bank lending standards can worsen financial frictions, ECB paper finds
Model shows tighter lending standards can damage productivity, researcher argues
ECB adopts new capital key
National central bank shares adjusted, but governors’ voting allocations remain unchanged
Carney warns on ‘uncomfortable’ Brexit compromise
Governor fears some Brexit outcomes could restrict the BoE’s regulatory options; defends no-deal Brexit analysis
Cyprus governor says 2015 police raid stopped her investigating politicians’ debts
Governor Georghadji offers to re-start investigation into loans to “politically exposed persons”
New US tariffs have varying impact on prices – Canadian research
Over the long term, tariffs have “modest impact” on aggregate prices and output, but there are likely to be short-term price movements as sectors face capacity pressures
Fintech poses “serious” challenge to governance, says former PBoC deputy
Li Dongrong warns of fintech spillover risks, regulatory arbitrage and digital divide; dismisses PBoC use of ‘untested’ blockchain
Fed to expand market data collection efforts
The scope and availability of data must keep up with evolving markets, Lael Brainard says
Riksbank’s Jansson says he favours higher inflation target
Swedish deputy governor reflects on monetary policy options to deal with next crisis
Ghana’s Addison blames predecessors for banking system weaknesses
New governor closed seven banks in 12 months in banking system clean up
Podcast: Preventative measures
Many central banks currently lack a key power that could help them deal with crises, argues Yale University’s Andrew Metrick
Bank of Russia deputy governor accused of mafia and spy links steps down
Putin ally Aleksandr Torshin alleged to have meddled in Spanish money-laundering and US elections
Head of Polish financial regulator arrested on corruption charges
Central bank governor still has PM’s confidence after defending accused regulator – senior official
Palestine launches financial inclusion strategy
PMA hopes to push inclusion rate up to at least 50% by 2025
Fed weighs future policy transmission framework
Implementing technical adjustments might be necessary, Powell says
Bank of England to overhaul consumer interest rate statistics
Changes are designed to ensure the statistics reflect consumers’ experiences “as closely as possible”
Cyber resilience hinges on collaboration, Nordic central bankers say
A decline in cash usage means Nordic economies cannot rely on it as a backstop when systems fail; preventative measures must be cost effective, says Norwegian deputy
Smaller banks struggle in Danish stress tests
Non-systemic lenders fall short by almost $100 million; even with intervention creditors could suffer losses, central bank says
Basel III may be second-best outcome, admits Coen
Basel Committee secretary-general says framework could be strengthened; John Vickers renews calls for tougher capital standards
Moldovan finance minister becomes central bank governor
Ex-governor worked closely with new appointee in handling aftermath of massive bank theft
PBoC’s policy communication could improve - IMF paper
Central bank’s communications should be more timely and accessible, researchers say
Italian crisis and trade tensions are raising eurozone risk – ECB
Emerging market stress and fears of protectionism may drag down global growth, ECB says
UK banks’ holdings of leveraged loans ‘very small’, BoE says
Global leveraged loan market growing rapidly but lending standards falling, says Bank of England
ECB launches eurozone real-time retail payments platform
ECB aims to prevent fragmentation of European real-time payments market