Central Banking
Swiss reject radical monetary proposals
Less than a quarter of people vote for new monetary system; activist says vote has started a conversation
BoE paper models bank runs in general equilibrium
Daisuke Ikeda finds regulations must be comprehensive to prevent risk shifting
Banks must understand artificial intelligence – ECB official
Artificial intelligence must not become another “financial craze”, Hakkarainen warns
Turkish central bank hikes main rate ahead of election
Hike comes as inflation continues to rise, though the lira has levelled out
Weidmann calls for fiscal consolidation and sovereign risk reform
Bundesbank president maintains tough stance on key policy issues
Argentina abandons monetary financing to secure IMF support
Inflation targets raised as $50 billion IMF deal requires greater central bank independence
Icelandic central bank seeks to improve financial position
Bank cuts payments to commercial banks on deposits and may seek capital injection
BIS authors document ‘significant’ shifts in CDS risks
Credit default swaps market has changed “markedly” since 2008, authors say
Blockchain-based payment systems lack ‘capacity and efficiency’ – DNB
DNB tests show blockchain improving security but increasing costs and slowing speed
Central bank-issued digital currency threatens privacy – BoI official
CBDCs may not be compatible with rights of individuals, says Bank of Italy’s Panetta
Central banks still value diversification, say reserve managers
Rise in US yields does not outweigh the benefits of forex diversification, say delegates attending Nalm Americas
Libyan central bank and presidential council sign deal to ease austerity
Central bank agrees to provide regular cash grants to families
People: Thailand appoints new deputy governor
The Central Bank of Chile appoints two division managers; RBNZ communications chief resigns
Bank of Thailand to test use of digital currency for interbank settlement
Governor says bank is close to finishing proof-of-concept for digital bond issues
Europe needs banking union to counter slower growth - Danish governor
Ageing population may slow GDP growth by 0.5% annually in coming years, Rohde says
Resolution still essential for CCPs – BoE’s Cunliffe
Despite high loss absorbency, CCPs still need a resolution framework, deputy governor says
IMF urges Algeria to abandon monetary financing
Fund says a weaker dinar would support efforts to reduce debt
Sarb says blockchain project exceeds expectations
System has capability to process twice the number of transactions as the current RTGS system
Some macro-prudential policies may increase income inequality – DNB paper
Researchers look at data from 69 countries from 2000–13
RBI pledges to create public credit register
Existing system is fragmented, making it hard to accurately assess a borrower’s credit history
Switzerland weighs bold monetary experiment
On June 10, Switzerland will vote on whether to revolutionise its monetary system and hand the central bank a monopoly on money creation
Creating a diverse workforce isn’t easy – San Fran Fed’s Daly
Improving diversity in the research department has taken concerted effort, says Mary Daly
Riksbank says Nordea’s relocation to Finland could increase financial risks
ECB expected to decide later this month whether to grant banking licence to Nordic lender
Malaysia central bank governor resigns
Muhammad Ibrahim quits amid intensifying pressure over land purchase and 1MDB scandals