Governance
The life insurance industry’s transformation: financial stability implications
Gaston Gelos and Frank Packer examine an industry that is increasingly complex and interconnected
People: Bostic to step down from Atlanta Fed
Plus new appointments in Botswana, Estonia, Slovakia, Singapore and at BIS
Reform UK’s BoE plans dismissed as ‘Trump-lite’
Former Bank of England officials unconvinced by proposals to fire current governor, change MPC and add growth remit
ECB to tilt future QE to shorter-term bonds – Schnabel
Collateralised lending to play key role in Eurosystem asset composition
Rethinking policy transmission in the age of AI
Managing machine expectations related to faster, more non-linear and potentially asymmetric price dynamics will require analytical innovation and potentially new forms of oversight, argues Elisa Vilorio de Painter
Posen predicts Supreme Court will side with Cook
However, PIIE president tells panel that justices are still likely to undermine Fed independence
Why Europe cannot afford to delay the digital euro
CBDC would counter the erosion of sovereignty as cash recedes, substitution by foreign digital monies and weaponisation of access, argue Biagio Bossone and Céu Pereira
SNB to open ‘Moneyverse’ in renovated visitor centre
“Interactive experience” will help financial literacy and give “glimpse” into the SNB, central bank says
ECB staff union sues central bank over gag orders
Union alleges that ECB leadership sought to block representative from speaking
The ‘EuroLiber’ for depoliticised payments
Biagio Bossone explains how Europe could provide a neutral anchor to support international payments
RBNZ to pay Orr more than US$240,000 under non-compete clause
Central bank says ‘restraint of trade’ provisions have applied to ex-governors since 2012
Bank of Mauritius appoints its first female governor
Bank hopes to put turmoil behind it with appointment of IMF economist Priscilla Muthoora Thakoor
Trump ally nominated as IMF first deputy managing director
Dan Katz has ties to US Treasury secretary Scott Bessent and former BoE governor Mervyn King
People: Head of Bank of Mauritius to step down
Plus: Ethiopia appoints governor and EBA chair announces departure
Central bankers’ compromised immunity
Just how much legal protection should officials have from spurious lawsuits or wrongful dismissal?
Senate confirms Miran, while court allows Cook to stay
President’s nominee and person he tried to fire will both attend this week’s FOMC meeting
RBNZ failed ‘test of trust’ after leadership debacle – ex-chair
Arthur Grimes says handling of Orr’s resignation was a failure but impact will only be short term
Nexus’s new CEO on the future of the cross-border payments platform
Nexus Global Payments CEO Andrew McCormack discusses the multi-lateral instant payments system’s technical build-out, governance and launch strategy
Ethiopian governor resigns
Mihretu to leave central bank following two years characterised by major economic reforms
BIS’s Hernández de Cos tells central banks to be realistic
Policy-makers should make clear what they can and cannot do, says new general manager
Trump calls for Fed governor Cook to resign
Federal Housing Finance Agency director accuses the governor of mortgage fraud