Speech
‘Seismic' renminbi internationalisation has a way to go, says RBA deputy
For the renminbi to be considered truly ‘internationalised', RBA deputy Philip Lowe says it must reach a situation where non-residents are willing to hold it un-hedged
Bank of Canada deputy says Libor and FX scandals have damaged trust
Bank of Canada deputy governor Tim Lane says problems of benchmark rigging must be addressed through mix of 'reform and replacement'
Eurozone policy was ‘backward' in the financial crisis, says Draghi
The policy measures brought in by the ECB and other eurozone authorities in 2010–11 were right in isolation but introduced in the wrong sequence, Mario Draghi has said
BoJ’s Iwata dismisses hyperinflation fears
Bank of Japan deputy governor insists the central bank is not just committed to achieving 2% target when the economy is struggling with deflation
Financial inclusion is prompting shift in ‘the landscape of central banking’
Reserve Bank of Fiji governor believes central banks have taken a ‘lead role’ in driving financial inclusion; points to new departments dedicated to the cause
Ireland’s Murphy marshals industry in support of harmonised regulation
Director of markets supervision laments ‘insufficient trans-Atlantic dialogue’ and tells asset managers who want better global harmonisation of financial regulation to make their voices heard
Kuroda: BoJ will do whatever necessary to hit 2% inflation
The Bank of Japan is right to target 2% inflation, governor Haruhiko Kuroda said today - adding the bank will not hesitate to make any adjustments necessary to get there
Underemployment's impact on spare capacity smaller than thought, says Weale
Bank of England's Martin Weale says impact of underemployment on UK spare capacity is 'smaller than might appear at first sight'; productivity of extra 1% employment likely lower than average
Ingves: Sweden needs to go beyond international regulations
Sveriges Riksbank governor Stefan Ingves says Swedish banks’ funding habits and the country’s high levels of household debt warrant stricter regulations ‘in certain respects’
Canada's Poloz says demographic shift may be shackling growth
Bank of Canada governor says country's demographic profile means contribution to potential growth by human capital will diminish as 'baby boomers' retire and more people save for retirement
Central banks have ‘irreducible’ role in financial stability
Reserve Bank of Australia assistant governor Malcolm Edey says central banks are entwined with financial stability whether or not they have formal prudential powers
Bail-in rules the 'bedrock' of European banking union, says BoE's Cunliffe
Head of the UK's Prudential Regulation Authority also cautions that despite far-reaching reform efforts, regulators would struggle to resolve 'a failing global giant'
BoE’s Haldane underscores need for ‘ambidextrous’ policy
Executive director says it is too much to expect ‘one-handed’ policy to keep control of the economy, instead recommending monetary and macro-prudential policy work in tandem
Riksbank deputy flags danger of leaning against the wind
Karolina Ekholm says use of monetary policy to lean against high indebtedness has created deflation while doing little to solve the debt problems
Draghi calls for 'good' form of bank deleveraging
By encouraging creative destruction in the banking sector, the ECB facilitates creative destruction in the wider economy, Draghi tells Vienna crowd
Cœuré delineates ‘the good the bad and the ugly’ of deleveraging
ECB executive board member says deleveraging is a double-edged sword and stresses the need for central banks to nudge financial institutions towards ‘good’ deleveraging
Lowe airs concerns about ageing population
RBA deputy says Australian population could become ‘inherently more risk averse’ as it ages, which could make it harder for the economy to generate productivity growth
Dombret calls for cap on bank loans to sovereigns
Deutsche Bundesbank board member advocates a cap on the amount banks can lend to an individual sovereign, as they should never ‘put all their eggs in one basket’
International perspective helps resolve domestic economic puzzles, says Canada deputy
Bank of Canada deputy governor John Murray underscores the importance of looking beyond borders when setting monetary policy
Caruana calls on central banks to explain reaction functions
BIS general manager says central banks must manage expectations as they normalise monetary policy, partly by explaining how ‘policies might change as conditions evolve’
Banxico deputy wants 'prudent' deepening of credit markets
Bank penetration in Mexico remains low compared with other emerging markets, but 'prudence is sine qua non' for expanding financial inclusion, says Manuel Sánchez
Ingves says banking industry must acknowledge problem around risk weights
The variation in how banks set risk weights is a problem that some in the industry are ignoring, says Basel Committee chairman
Mauritius has ‘missed the boat’ on sovereign sukuks, says central bank governor
Rundheersing Bheenick argues the government’s failure to issue sukuk bonds ‘severely compromises’ the country’s ability to become a regional centre for Islamic finance
Case-by-case analysis critical in deciding whether to 'lean against the wind'
Fed's Jeremy Stein highlights need to 'dig into the microeconomic details' when deciding what type of regulatory intervention is comparatively more efficient