Central Banking
Former OCC chief on the sting of peeling the Basel III ‘onion’
Michael Hsu warns successors not to cut bank capital or neglect rate risks that destroyed SVB
Tobias Adrian on the integrated policy framework amid tariff shocks
The IMF’s financial counsellor speaks about policy reaction functions to supply and demand shocks, scenario-based analyses, Treasury market dynamics and emerging market resilience
Digital euro may benefit banks in ways stablecoins can’t – Cipollone
ECB board member says CBDC, like the euro, offers chance to “unite Europe”
Splits on FOMC are no bad thing, say experts
Former policy-makers say economic uncertainty means dissent over US rates path is inevitable
Interest-bearing CBDCs could be better for depositors – study
CEPR study says there is “optimal” rate at which currencies would improve people’s welfare
RBA’s deputy governor outlines institution’s research ambitions
Hauser wants bank to become hub for tackling issues such as macro shocks and climate crisis
Sovereign bond yields affected by weather disasters – BIS paper
Countries with higher per capita carbon emissions also face greater borrowing costs
Central banks need common accounting standard – Honohan
Former Irish central bank governor calls for policy-makers to report portfolios at fair value
AI demands ‘deep organisational changes’ at central banks – paper
NBER study finds around half of Fed roles could be impacted significantly by adoption of technology
Montenegro to limit Sepa charges and extend RTGS times
Central bank says caps on fees will save its citizens €13.9 million a year
RBA announces private partners for wholesale tokenisation project
Central bank to issue CBDC on third-party platforms and work with Australian dollar stablecoin issuers
Central banks explore migration to quantum-proof financial system
BIS partners with monetary authorities in initiative aimed at protecting data and transactions
South Korea holds policy rate at 2.5%
Central bank says it needs more time to assess changes to household debt and house prices
Economists say rate cuts unlikely to solve China’s deflation woes
CPI grows slightly, but production price index posts largest year-on-year decline since 2023
Negative interest rates are last resort – BdF governor
Villeroy de Galhau outlines “order of operations” for deploying monetary policy tools
BoE shifts focus to non-banks in sovereign bond markets
Aggregated data on leverage and positioning reveals growing gilt repo borrowing by hedge funds
FSB sets up task force to tackle non-bank data gaps
“High-level” team will investigate leveraged trading strategies in core bond markets
Brazil’s ‘biggest-ever’ heist highlights cyber security gaps
Experts say theft, targeting network linking small lenders to central bank, could have been prevented
Malaysia cuts policy rate after more than a year of holding
Quarter-point reduction to 2.75% is BNM’s first cut in five years
New Zealand ends easing cycle with rate hold
Decision to keep policy rate at 3.25% after six consecutive cuts had been expected by economists
Ex-OCC chief urges new approach to AI explainability
Michael Hsu suggests shift from academic analysis to decision-based techniques
How central banks manage their own cyber defences
Resilience against system breaches, ransomware and phishing attacks is in focus, alongside managing third-party risks and the threat of state actors to payment systems
Do not loosen capital rules, ECB tells national authorities
Central bank says there are no signs that requirements are constraining credit supply in eurozone
Austria boosts rural access to cash with 120 new ATMs
Central bank provides cash machines to communities with at least 500 inhabitants