Independence
Dollar smiles again, but for how long?
Twitchy investors backed the buck during Iran war, but experts are divided on whether this marks a return of the dollar smile
Zafar Parker on 25 years of reserve management at the Sarb
Amid evolving risk, the head of financial markets talks about the journey to excess balance transfers to the government as South Africa’s reserves rose from $20bn to $80bn
The challenges facing Fed chair Kevin Warsh
New chair has pledged sweeping change, but can he keep Trump – and the FOMC – onside?
Working group minutes: guarding financial independence
Dynamic capital may help but tailoring accounting frameworks to central banks is still challenging
US Senate advances Fed chair nomination for Warsh
Separate vote confirming appointment expected later this week
Fed needs sounder framework for QE, G30 economists say
Former heads of BoE, BoJ and NY Fed discuss how US central bank could bolster its independence
Politics and finance threaten independence – Schnabel
ECB board member says fiscal woes and deregulation may make central banks’ jobs impossible
Israel’s Golan Benita on reserve management amidst the AI boom
The head of market operations at the Bank of Israel discusses a shift to active equities to address ‘Mag7’ risks, the rationale for extending duration, and his critical view of crypto and gold
Indonesia going ‘all out’ to prop up rupiah, governor says
Warjiyo says it is ‘not business as usual’ following $1.7bn outflows from foreign portfolio in Q1
Prolonged Iran conflict poses stability risks – Barr and Woods
Fed governor and UK’s PRA chief also make renewed case for central bank independence
Trends in reserve management 2026: survey results
101 central banks, responsible for $9.5trn+ reserves, reveal exclusive data on FX interventions, if the US dollar is still seen as a safe-haven currency and approaches to investing in 20+ currencies
BSP says governor is awaiting formal notice of lawsuit
Remolona has not yet received copy of complaint from vice-president’s spouse
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
Can Banrep survive schism with government?
Finance minister’s withdrawal from board could prevent next two rate decisions from going ahead
Tillis holds firm over Warsh’s confirmation as Fed chair
Senator still intends to block appointment unless criminal probe into Powell is dropped
Trump to Powell: If you don’t jump, I’ll push you
President threatens to fire Fed chair next month and says criminal probe into central bank must continue
Governance Benchmarks 2026 – executive summary
Benchmarks data explores many legal issues, including scope of central bank law, independence and legal protections for governor
Olli Rehn on demographics, geopolitics and ECB policy
The Bank of Finland governor speaks about immigration and productivity, private credit and stablecoin risks, the mood on the governing council and the impact of conflict in the Middle East
Governance Benchmarks 2026 – legal matters
Data reveals challenges relating to financial independence and legal protections for officials
The evolution of central banks
Bank Negara Malaysia governor Abdul Rasheed Ghaffour writes that the roles and responsibilities of central banks are evolving in a changing landscape
Geopolitics and debt are headwinds for dollar – Hammack
Cleveland Fed president says greenback’s long-term pre-eminence cannot be ‘taken for granted’