Central Banking
Supervisory lessons: resolution is a ‘dirty business’
Former Bank of Spain head of supervision Aristóbulo de Juan reveals his principles for resolving problem banks in the final article of a four-part series
European auditors ask lawmakers for increased access to ECB documents
ECB has failed to provide sufficient information in three major audits, official body says
Central Bank of Brazil looks back at its 54-year history
Governor Ilan Goldfajn reflects on how central bank has fostered economic stability
Bank of Israel calls on government to reduce deficit
Budget imbalance is forecast to reach 3.6% of GDP in 2019, official target is 2.9%
Individual bank diversification can increase systemic risk, researchers find
Banks that are not systemically important can be ‘systemic as a herd’, authors say
Powell urged fast end to QE despite signs of taper tantrum
Jerome Powell sensed taper tantrum was a risk, but urged then-chair Ben Bernanke to act anyway, transcripts show
People: RBNZ completes senior team shake-up
Chief information officer and two new assistant governors round out RBNZ reshuffle; Bolivian central bank hires vice-president; regional Fed boards for 2019 unveiled
Rise of renminbi prompts central banks to open Asian offices
A total of nine central banks now have offices in Asia, but New York remains city of choice
Islamic finance is for everyone, Malaysia’s Zahid says
Bank Negara Malaysia assistant governor stresses inclusiveness of Islamic finance but says SMEs are still not taking advantage
Ukrainian central bank plans major forex liberalisation
NBU says foreign currency reserves are highest since before revolution
French governor warns of the perils of ‘impatience’
Central banks should maintain a longer term view, even in the face of volatility and government pressure
Federal Reserve profits fall as normalisation takes hold
The Fed remittances to US Treasury fell by 18.5% from last year
BIS’s Borio calls on economists to take money more seriously
Money is too often explored in isolation, or ignored completely, the BIS economist says
Fed can afford to be patient as global growth forecasts decline, says Clarida
Fed vice-chair says labour market is at full employment and inflation remains on target
ECB starts publishing statistics on secured euro money market
Data gathered using same methods used to measure unsecured segment of market
Switzerland grants fintech firms access to interbank payment system
Federal government modified ordinance to create new licensing category on January 1
EC should conduct ‘comprehensive’ crypto analysis, says EBA
Regulator says crypto assets fall outside the scope of current EU financial services regulation
US equity prices affect consumer and business confidence, researcher finds
Results highlight risks to macroeconomy of recent equity slump
Polish governor faces rising political criticism over staff salaries
Governor criticised by deputy prime minister over refusal to confirm staff payment levels
Fed’s Quarles outlines ‘building block approach’ to insurance regulation
Regulator chose not to copy and paste banking sector regulations onto insurers, says vice-chair
EU labour mobility is cyclical stabiliser – paper
Common market allows migration from countries with high unemployment to markets looking for workers
Mexico unveils measures to foster financial inclusion
Plan intends to promote digital payments, facilitate access to credit and deepen capital markets
PBoC’s Yi defends central bank’s easing measures
Cut in reserve requirements calibrated so as not to undermine deleveraging, governor says
Fed taking cautious stance on rate path
Incoming Fed officials signal there may be a rate-hike pause