Governance
Book notes: Central banking at the frontier, by Thammarak Moenjak
This well-structured book provides a comprehensive overview of the challenges digitalisation poses for finance and includes possible actions for central banks
Fed succession planning: will Trump stick to the script?
The race to succeed Jerome Powell as head of the world’s most powerful central bank has already begun
Boris Vujčić on Croatia’s economic journey, the digital euro and the Governing Council
The Croatian National Bank (HNB) governor speaks with Christopher Jeffery about managing financial risks, the pros and cons of euro adoption, payment system reform and the use of real-time data
Eastern Caribbean Central Bank posts record profit for 2024–25
Monetary authority says tally exceeds previous record by 57%
People: RBNZ announces board appointments
Grant Spencer joins while Goldman alum Byron Pepper is reappointed
Brain drain at OCC raises concerns about US model supervision
Quant team cull will reduce capacity to validate bank models, but that could be part of the plan
Trump: Powell is a ‘numbskull’ for not cutting rates
President calls for 100bp easing, while vice-president says Fed policy is “monetary malpractice”
RBNZ says funding dispute triggered Orr’s resignation
Bank says ex-governor felt five-year financing package was “considerably” below what was necessary
A fractured monetary system
US policy is encouraging a transition away from a dollar-led, rules-based order
Slovak court convicts central bank governor of bribery
Kažimír must pay €200,000 or face prison for having paid an official to expedite VAT refunds
Strategic Planning Benchmarks 2025 – model banks analysis
Data breakdowns reveal differences in strategic goals, department structure and salaries
Failure to appoint deputies ‘a step back’ – Montenegrin central bank
Bank will “continue to implement its mandate” despite parliament not approving its candidates
‘Chat Bankman-Fried’ has poor grasp of governance – study
Bank of Italy paper finds many LLMs would choose to behave in similar way to former crypto exchange owner
Strategic Planning Benchmarks 2025 – executive summary
The first strategic planning benchmark reveals strategic priorities, frameworks and KPIs
Ukraine’s Andriy Pyshnyy on the US minerals deal, ongoing reforms and post-war plans
The National Bank of Ukraine’s governor speaks about managing inflation, financial sector reform, FX reserves, international aid and actions in the event of a peace deal
Strategic Planning Benchmarks 2025 report – charting a path
The first strategic planning benchmark sheds light on department structure, control methods and KPIs
Hungary to change central bank law
Amended legislation would increase size of monetary council and ban creation of new foundations
FOMC vote rotation ‘distorts’ rates – NBER paper
Regional Fed presidents make decisions based on local conditions, research finds
Trump makes a U-turn on Powell
President “might” call Fed chair about lowering rates, but claims he never had any intention of firing him
Strategic plans tend to be built around six key pillars
Central banks split on whether planning is broad or narrow
Trump and Powell’s war of words escalates
Fed chair slams tariffs, while president says Powell’s departure “cannot come fast enough”
Governance Benchmarks 2025 – model banks analysis
Data breakdown highlights independence pressures, capital frameworks and staffing challenges
Bangladesh Bank officials should face action over theft – minister
Nazrul says previous regime shielded central bank officials from investigation into $101 million hacking
Governance Benchmarks 2025 – executive summary
Data shows strong independence with threats in some areas, and sheds light on staffing, mandates and more