Central Banking
Spanish ex-governor to appear in court over ‘Bankia affair’
Three Bank of Spain employees resign over investigation of commercial bank collapse
RBNZ presses ahead with dashboard plan, despite bank concerns
Banks raise fears over the dashboard plan to publish disclosures on RBNZ website, but the central bank says it believes it can address all the concerns
IMF authors build network model of trade fragility
Network theory helps authors unpick the effects of a supply shock on the “highly interconnected” global trade system
Asia needs new growth model – BoJ’s Kuroda
Region can no longer serve as “the workshop of the world” as the trade in goods slows down, says the Bank of Japan governor
Barbados’s Worrell told to resign or be fired
Governor’s “dictatorial” management style is impacting morale, says board member; court blocks dismissal until February 22
Macro-prudential policy must move beyond core banking – BoE’s Brazier
Stressed firms may outwardly be resilient but collectively be “overwhelmed”, says BoE director, calling for collective work to understand “feedback loops”
Eurozone needs ‘hard laws’ for credible resolution, economist argues
“Soft law” arrangements can break down in crises, Schoenmaker says
Bank of Israel and Sama triumph in latest Central Banking Awards
Middle Eastern central banks take home Reserve manager and initiative of the year in Central Banking’s 2017 awards; market practitioners prove it is possible to weather volatile markets
Fed’s Fischer: econometric models are still flawed
US Fed vice-chair says models still cannot capture the complexities and rapid evolution of the economy – despite his hopes as an undergraduate
Market ‘tightness’ affects QE success – Riksbank paper
Model accounting for the demand and supply of bonds allows authors to reveal new insights into the price and liquidity impact of asset purchases
Tarullo resigns from Fed board
Early departure may give Trump a chance to reshape US regulation
BoE should embrace the ‘spirit’ of the millennial – Carney
The millennial way of thinking is “better suited” to the current challenging environment – Carney; governor believes the younger generation might have something to offer when it comes to problem-solving
‘Lazarus’ hackers seek fresh targets via regulator websites
Group linked to Bangladesh Bank hacks may have compromised the website of the Polish FSA, using it to spread malware in a “watering hole attack”
Ruling party think-tank leader endorsed as Tetangco’s replacement
Senate president endorses private sector banker with ties to ruling party; time “for bold and innovative” leadership at central bank, he says
Nigeria’s central bank is in the eye of the storm
The Central Bank of Nigeria’s flawed foreign exchange policies worsened a recession in 2016. It now needs to rebuild its credibility, argues former CBN deputy governor Kingsley Moghalu
Valdovinos is victorious in the first set of Central Banking’s 2017 awards
Paraguay’s governor Carlos Fernández Valdovinos scoops Governor of the Year; RBNZ’s Leo Krippner wins Economics; three more market practitioner awards announced
IMF resources may influence EM creditworthiness – paper
The level of fund resources are more important than the means of lending, the IMF researcher argues
Canada’s Schembri highlights new inflation communication method
Bank of Canada has adopted three-pronged core inflation approach but now only publishes forecasts of headline inflation in its reports
Mersch: no political appetite for ‘European safe bonds’
The proposal for pooled, tranched bonds is “interesting”, but the public are likely to be suspicious
US uncertainty puts Bank of Mexico on edge
Central bank hikes rate by 50bp as uncertainty from the US threatens inflation; international fuel prices are also a concern
People: Kristin Forbes to depart BoE; Fed’s general counsel to retire
Monetary policy committee member will leave at end of term; Scott Alvarez to step down from Fed; Bank of Portugal replaces prudential supervision head; and more
Ballerina gives BoE a lesson in transformation
English National Ballet’s artistic director draws lessons from a controversial process of modernisation at her institution, in conversation with Andy Haldane
New tax measures biggest threat to Jamaican inflation
Increases in income tax threshold will impact inflation, latest report warns; exchange rate depreciation and international oil prices are also a concern
Reserve Bank of Tonga makes further tweaks to exchange controls
Reserve Bank continues to relax exchange controls, removing monthly limits and some identification requirements; IMF says central bank making progress