Speech
RBNZ deputy ‘very satisfied’ with risk management review
Geoff Bascand praises the Reserve Bank of New Zealand’s enterprise risk management framework, which he says is a ‘powerful tool’ that will drive innovation across the central bank
Irish central bank will ‘change structurally’ before SSM
Cyril Roux says the Central Bank of Ireland will make organisational changes in the coming months as it looks to accommodate the Single Supervisory Mechanism
BoJ deputy says Abe's third arrow must hit target
Hiroshi Nakaso outlines the importance of supply-side reforms in generating stable inflation, robust growth, healthy job creation and reasonable wage hikes
Haldane says MPC faces ‘corridor of uncertainty'
Bank of England chief economist turns to cricketing metaphors to explain the dilemma faced by the monetary policy committee at this delicate moment for the UK recovery
Romania governor calls for early entry into Banking Union
Romania will be affected by Banking Union either way, argues governor Mugur Isărescu, so would be better off inside rather than outside
Weidmann says sovereign bond purchases are ‘sweet poison’ for governments
Deutsche Bundesbank president Jens Weidmann outlines his concerns about sovereign bond purchases, saying central banks face ‘being dragged and driven’ by fiscal policy
MPCs can make good decisions despite economic uncertainty, says Israel's Flug
Israel governor stresses the need for up-to-date forecasts and 'broad range of indicators' when conducting monetary policy
Broader interpretation of CB mandates could allow for international co-ordination
International monetary policy co-ordination might not be off the table, Finnish board member says, but adds not all emerging countries were hit by taper talk in the same way
‘All pieces are in place' for co-ordinated regulation of European ABS, says Mersch
The various agencies in charge of regulating ABS in the EU should be able to co-ordinate their regulation of the asset class, Yves Mersch says
Rosengren outlines exit options from ‘essential' unconventional monetary policy
Exit options could include using reverse repos to put a ‘floor' on short-term interest rates, or to raise the interest rate the Fed pays on excess reserves
Kuroda says 'premature' end of QE damaged BoJ credibility
Haruhiko Kuroda says the ‘somewhat premature’ ending of quantitative easing in 2006 made it hard for BoJ to gain credibility as a ‘deflation fighter’
Caruana defends role of interest rates in ‘leaning against' financial cycles
Interest rate rises have a role to play in discouraging excessive borrowing, BIS managing director Jaime Caruana tells National Bank of Bulgaria conference
BoE's Sharp: new shocks around the corner 'perfectly conceivable'
Richard Sharp says UK financial system's openness means unpredictable external events can have 'profound effect' on financial stability
BoJ’s Sato warns ECB about deflation risk
Bank of Japan policy board member says markets’ short- and medium-term inflation expectations have ‘started to decline somewhat’ in the eurozone
Caruana says ‘naïve' to be seduced by simple rules
Financial markets will continue to innovate to get around financial regulations - meaning regulators must also keep innovating, says BIS's Jaime Caruana
Mersch fears policy-makers are in last-chance saloon
European voters have given policy-makers the mandate to build a better eurozone, but their patience could run out, ECB executive board member says
Malaysian deputy promotes Islamic finance as means of channelling funds to SMEs
Muhammad bin Ibrahim tells African policy-makers to ‘start where it matters most’ and promote Islamic financial products that assist low income groups and SMEs
Fed's Lacker highlights 'critical, misconstrued' distinction between monetary and credit policy
Action constitutes monetary policy if quantity of liabilities is altered and credit policy if portfolio composition changes without affecting liabilities, Richmond Fed head says
FOMC's Esther George wants rate lift-off ‘shortly' after end to taper
Kansas City Fed chief says banks are responding to low rates ‘as we should expect' and notes an all-time high of $600 billion of leveraged US loans were issued last year
Fed's Lockhart 'comfortable' with rate liftoff next year
Atlanta Fed president also says weak governance was behind large number of bank failures in southeastern US following financial crisis
BoJ’s Shirai forecasts inflation dip
Sayuri Shirai believes annual CPI inflation will only reach the 2% target at the end of 2016 – making the forecasts more cautious than the BoJ’s baseline
Mark Carney criticises 'radical belief' in capitalism
BoE governor says 'lost sense of moderation' has eroded social capital, but that central bank's financial reform efforts is a start towards more inclusive capitalism
Targeting financial stability would compromise central bank independence, Lagarde says
IMF managing director Christine Lagarde says adding a financial stability objective to central bank mandates would be incompatible with their continued independence
Menon: Monetary policy can't fill ‘all the cracks'
MAS managing director says monetary policy cannot ensure financial stability alone, as vulnerabilities tend to concentrate in specific sectors