Banks
The IMF’s $650bn SDR allocation and a future ‘digital SDR’
Focus is needed on widening SDR use in payments and the creation of a ‘digital SDR’, to support a large allocation of ‘official’ IMF SDRs, writes Warren Coats
ECB stress test highlights importance of credit risk
Mid-sized banks suffer higher capital depletion due to lower income from interest and fees
BoE to wind up euro liquidity facility
Improvement in funding market conditions means euro funding is no longer needed, BoE says
UK’s FCA consults on measures to increase boards’ diversity
Regulator may bring in “comply or explain” rule over diversity on publicly listed firms’ boards
Five years of the renminbi in SDR and its adoption in central bank portfolios
Policy-makers discuss what has impacted the renminbi’s adoption as a global reserve asset over the past five years.
Fed launches standing repo facilities
Facilities to be open to foreign central banks and domestic primary dealers; FOMC keeps policy on hold
Covid and the cloud: a turning point for central banks?
As central banks embrace new technology, providers are jostling to be first in line
Communications Benchmarks 2021 report – executive summary
Insights into staffing and salaries, channels, social media, new technology and strategies
ECB to lift limits on bank dividends from September
Supervisor stresses lenders should remain prudent in distributing dividends and share buy-backs
Powerful companies are diluting monetary policy effectiveness – IMF
Competition policies are needed to ensure central banks can use monetary policy effectively
FCA asked to investigate ‘unwarranted’ bank account freezing
Parliamentary committee concerned AI may have caused ‘inappropriate bias’
New BoE climate risk scenarios spark race for extra data
Banks need information from clients or third parties to populate 1,760 stress test variables
Bundesbank warns about digital challenges for German banks
Report stresses the importance of reinforcing cyber security processes
US regulators to align policies on lower income lending
OCC backs down on separate CRA rules and starts joint consultation with Fed, FDIC
Technology is the best bet in fighting money laundering
Danish FSA chief Jesper Berg says there is a need to think ‘outside the box’ on AML, rather than blame flawed regulatory and institutional design in dealing with corrupt money flows
BoJ to offer zero-interest loans for climate projects
Central bank highlights five areas of focus in new climate strategy
Most central banks communicate in at least two languages
Central banks must weigh challenge of translating sensitive messages against reach
Bank of Israel allows banks to resume dividend payments
Central bank recommends ‘prudent approach’ as Covid-19's impact remains uncertain
BIS paper sees fintech creating ‘barbell’ market structure
Authors say regulators should take action as digital innovation drives changes in market structures
IMF’s Zhang says external financial lifelines must be ‘preserved’
Fund is providing AML/CFT training in the Pacific to stem correspondent banking crisis
Wide gap between some central banks’ communications budgets
But comms salaries are fairly level between high and middle income groups
Recipe for a chief (fin)tech officer
Private-sector experience, a knowledge of supervision and a zest for innovation are key ingredients for a chief fintech officer
BoE removes ‘guardrails’ on bank dividend payments
Central bank eases restrictions as outlook for UK financial sector improves
UK financial sector slowly improving on diversity – BoE paper
Research shows women are gaining a foothold, but progress with age and nationality diversity has stalled