Europe
Parliamentary committee hails success of BoE’s RTGS renewal
Programme holds lessons for wider government digital transformation, committee says
Cash needed for resilience, say eurozone central banks
Institutions from Austria, Germany and Spain outline why hard currency remains key
Number of dedicated strategic planning units rises
Larger central banks more likely to have dedicated units
Instant payments gaining volumes from RTGS – BoE study
Move may be driven by demand for rapidly available funds and lower payment fees, say authors
NBFI oversight ‘no longer adequate’, say BdF economists
Researchers call for stronger supervision of non-bank sector ‘before risks actually materialise’
Former MNB chief accuses central bank of historical ‘blackmail’
Simor says lender was threatened with closer supervision because of his position on its board
Few central banks involve third parties in strategic plan development
Standard operational budgets remain leading source of funding
Barry Eichengreen on the evolution of the global monetary order
The US monetary expert speaks to Thomas Chow about similarities between the dollar and 18th century Dutch money and why Washington has bet on the ‘wrong horse’ with private stablecoins
Disclosure and supervision are top ESG strategy objectives
Emissions monitoring broadly in focus for central banks with narrower plans
Former MNB governor issues statement defending his legacy
Matolcsy says investments and headquarters renovation delivered long-term value
Strategic planning frameworks widely draw on Swot analysis
European central banks’ strategies tend to favour Pestel analysis
Lane says Blanchard’s Eurobond proposal is ‘feasible’
ECB’s chief economist calls for expanded supply of euro-denominated safe assets
Narrower strategic planners use more pillars than broader planners
Secondary objectives average 15 in central banks’ strategic plans
Lagarde says fiscal response to energy shock must be targeted
Price caps and tax cuts must ‘preserve price signal’ or risk inflationary spiral, ECB president says
People: Bank of Greece approves new term for governor
Plus: change at the top in Vietnam, new general counsel at Netherlands Bank
Third of central banks set strategic plans on five-year horizons
Just one respondent implements planning on ad hoc basis
Growing global imbalances risk ‘disorderly unwinding’ – panel
Imbalances caused by unsustainable growth models and industry policy, experts say
Economic security requires alliances, not autarky – panel
Former RBA policy-maker says countries outside US need strong trade links in uncertain times
EU needs integration, innovation and Eurobonds – panel
Schnabel, Blanchard, Spain’s finance minister and Citadel MD discuss bloc’s future
‘Plaza accord 2.0’ will not fix global imbalances – IMF panel
But getting China and US to implement other necessary remedies will be challenging, speakers say
BoK, RBNZ, SNB and Spain to ‘wait and see’ on Iran war
Governors say policy should consider longer-term price effects of Middle East conflict