Central Banking
Richmond Fed economists design bank resolvability score
Score could help make complex living wills easier to interpret, authors argue
Issuing “foreign-law” debt can cut costs in times of crisis – ECB paper
Eurozone countries’ bonds issued abroad showed major premiums during debt crisis – researchers
Caribbean central banks look for common approach to fintech
Working group set up to look at crypto assets in the region
Swiss central bank keeps policy rates negative
SNB says it will intervene in foreign exchange markets “as necessary”
BoE’s chief economist joins minority in calling for rate rise
Monetary policy committee lowers threshold for reducing debt holdings
IMF says independent central bank is key to Argentine recovery
Argentine authorities agree to limit forex market interventions
Brazil tests DLT-based regulatory data-sharing platform
Blockchain will allow regulators to share data more efficiently, says central bank
Ethiopian government appoints new bank governor
No reason given for replacement as new prime minister announces major economic liberalisation strategy
Norges Bank says rate hike likely in September
Key policy remains at 0.5% as inflation rises below target since February 2017
Fed policy’s global effects differ in booms and busts – BIS paper
Monetary policy appears to impact global bank lending differently depending on the “regime”
Leading governors analyse evolving inflation-employment relationship
Powell, Draghi, Lowe and Kuroda assess causes keeping wage growth low across the world
Report proposes mandating BoE to target productivity growth
UK opposition says BoE should not have to rely on interest rates to lower inflation; 3% productivity target would help push prices down, report says
Leverage ratio disincentives clearing – BoE paper
Leverage ratio appears to have made some banks less willing to take on new clients
People: China appoints new monetary policy committee
IMF’s general counsel retires; Czech National Bank appoints new comms director
Ukrainian central bank appoints first deputy and deputy governors
New first deputy governor was key figure in banking clean-up
Central Bank of Venezuela gets another new president
Ramón Lobo becomes latest victim of institution’s revolving door
Riksbank terminates contract with Crane
Central bank argues banknote provider has broken its contract by transferring printing facilities
‘Living wills’ have reduced implicit subsidy – Fed paper
Higher cost of capital implies resolution measures have reduced ‘too big to fail’ subsidy, authors say
Fed paper questions value of debt as crisis indicator
Asset prices and current account balance more important, author finds
Argentina launches new measures to stem peso depreciation
Analysts concerned new central bank tools to control peso are not enough
UK lawmakers ‘satisfied’ with Visa response to outage
Visa has promised an independent inquiry into the incident that saw 5.2 million payments fail; firm reveals details of its recovery efforts
Argentina falters at ‘historic’ moment for BCRA
Replacing Federico Sturzenegger with a finance minister with close ties to the president sends a confused signal about central bank independence
Economy allows Fed to continue policy normalisation – Atlanta’s Bostic
Business contacts report concerns about trade policy and tariffs
Sudanese central bank president dies in Turkey
Hazem Abdelqader had served 18 months, and was the third governor since March 2011