Central Banking
EBA probes alleged AML failings by Danish and Estonian authorities
Estonia and Denmark criticise each other’s ‘failings’ over supervision of scandal-hit bank
BoE paper outlines results of uncertainty experiment
Decision-maker panel seeks to gauge business uncertainty in the context of Brexit
Lack of accurate data poses challenges for cash forecasting
Anonymity of cash makes it hard to track as a payment instrument, panel agrees
EBA board nominates Spanish candidate as next head
José Manuel Campa has served as academic, banker and junior finance minister
Barbados central bank comes under fire over tourism data
Minister says he has “no idea” where the governor got his information
Greek governor accuses government minister of breaking law
Stournaras says minister illegally recorded phone call after being angered by loan inquiry
Fourth non-bank gains BoE settlement account
Bank of England continues to level the playing field with new entrant FairFX, following FCA audit
Philippine central bank handed new stability powers and mandate
Act removes money supply and credit as determinants for monetary policy in addition to granting central bank broader supervisory scope
RBA’s board stresses uncertain outlook in latest minutes
Trade tensions, slower Chinese growth and local consumption outlook behind policy decision
Chinese lending hits all-time high in January
Total social financing reached roughly 240% of China’s GDP at end of month
GDP needs to be supplemented with welfare measure – economist
Daniel Sichel defends GDP as a measure of production, but says it is not enough on its own
UN report questions value of fintech sandboxes
Regulators are “unprepared” for the level of effort and resources needed to launch a sandbox, but complementary policies and thematic sandboxes could be the answer
ECB says Romanian government breached EU law over bank tax
Governor again warns emergency tax decree could harm banks and damage monetary policy
Riksbank to transfer Skr3.8 billion to Treasury
Profits have varied widely in recent years
Nordic-Baltic crisis simulation seeks to reinforce collective response
Nordic-Baltic Stability Group carried out first region-wide crisis scenario in January
RBI boosts Modi’s coffers with early dividend
Interim payout is larger than in 2018 and comes ahead of general election
Bank of Spain paper rejects bitcoin as alternative to large-scale payment system
Objectives of crypto asset make it unsatisfactory as a payment network – research
CBRT cuts reserve requirements, but stresses tight stance
Liquidity tools are more about transmission than policy stance, says Murat Çetinkaya
Flattening yield curve increased retail banks’ profits – Chicago Fed
The results reflect a change in banks’ business models after the financial crisis, researchers say
EU to cut price of cross-border euro payments
Amended law will also give customers information on currency conversion charges
Egypt sharply cuts rates on lower inflation
Central bank reduces key overnight deposit rate by 100 basis points to 15.75%
Volcker rule helped curb equity market risk – researchers
Banks had large trading exposures to equity market risk before the rule was introduced, they find
The answers to the 2018 Central Banking Christmas quiz
We reveal the answers to the Christmas quiz, and the winner
People: Stanley Fischer joins BlackRock in advisory role
Veteran central banker moves back to private sector; Jamaica begins search for new governor; El Salvador governor assumes presidency of regional council