Banks
PRA struggles to follow Fed’s FRTB modelling moves
Market risk experts say minor differences in US rules add up to more incentives for IMA adoption
Fed’s AML plan may mean ‘inconsistent’ supervision
Industry groups says Fincen should have co-ordinating role
Repos key to post‑Covid balance sheet reduction – RBNZ
Assistant governor says further repo growth will support monetary policy, liquidity, capital markets
ECB funds biodiversity loss – NGO report
Reclaim Finance urges central bank to stop purchasing bonds issued by fossil fuel firms
Zombie firms in Asian EMEs cause disinflation in AEs – study
Spillover is transmitted to advanced economies via trade channels, BIS report says
China ups gold reserves by largest amount in nearly three years
Monthly increase is biggest since 2023 as PBoC’s holdings hit 76.7m troy ounces
Demand for excess reserves goes beyond price signals – BIS paper
Study shows drivers for banks include payment flow volatility and cost of borrowing
Cameroon’s purchases of bank stakes raise concerns
State’s acquisition of former SocGen subsidiary raises questions about governance, say experts
Bangladesh Bank launches loan scheme to boost agri sector
Borrowers will pay no more than 7% interest under scheme
The ECB’s geopolitical stress test needs a price
Only a market can say how much it should cost to insure against losses from a geopolitical risk event, and none exists, argues academic
Podcast: Quantum and the Fed
The Fed's quantum computing strategy as AI accelerates Q-day
Anchor tokenisation in central bank money, says BIS’s de Cos
General manager uses Jackson Hole speech to champion tokenised deposits and reserves over stablecoins
Book notes: The almighty dollar, by Brendan Greeley
The history of the currency that came to be ‘the dollar’ is the centrepiece in an otherwise confused book
CPI quirk helps explain low Swiss inflation, says SNB’s Tschudin
Central bank official shares her views on monetary policy strategy
RBA says supply of reserves is still higher than demand
Transition from central bank-driven approach towards market-led system is ongoing, official says
How do central banks handle criticism in the media?
Comms staff say critiques often are constructive while stressing the need for simple language
Three veterans join Central Banking advisory board
New members have held top roles in Asia, Europe and the US
BoE backs away from mandatory gilt clearing
Discussions with industry shift to portfolio-based repo haircuts and ways to encourage voluntary clearing
Book notes: The banker who made America, by Richard Vague
This well-researched book makes a strong case that without the efforts of Thomas Willing, the US war of independence may well have been lost
Warsh called for fewer FOMC meetings in July
Minutes show committee agreeing on above-target inflation but disagreeing over AI’s effect on prices
Reconsidering the role of money in monetary policy
Euro policy architect Otmar Issing argues that central banks must improve their flawed inflation targeting frameworks