Investment
Non-bank growth slowed in 2018, says FSB
Riskiest forms of non-banks still growing, but overall assets went into reverse in 2018
Brainard lending proposal gets boost in Congressional hearing
Participants applaud Fed proposal, while strongly criticising plan by OCC’s Otting
Markets surge as PBoC cuts RRR
Cut designed to support the flagging economy; PBoC insists it is retaining “sound” policy
Yngve Slyngstad: contrarian person, brilliant investor
Knut Kjær reflects on the character of the man that has led Norway’s $1.1 trillion SWF
BoE and FCA move to tackle systemic risks in open-ended funds
Mark Carney says issues are “increasingly appreciated” in global discussions
Ghana launches push to turn banking sector green
New sustainable principles address seven areas of social and environmental issues
Turkish central bank slashes rates for fourth time straight
Move was larger than many had expected, and comes as inflation re-enters double digits
Facing up to the tech challenge
Central banks get a wake-up call from libra
Canada’s fiscal stimulus worth 100bp of rate cuts – Poloz
Infrastructure investment has also helped to reduce financial vulnerabilities
Lagarde says eurozone must end export dependence
Call to boost demand is likely to be seen as aimed at German policy-makers
In-depth: have central banks worsened the secular slowdown?
IMF economist Bas Bakker shares his argument that central banks have misdiagnosed falling growth and long-run rates. He and several other economists are now calling for a rethink
Fed reduces rates but signals pause
Current stance of policy “likely to remain appropriate” to sustain moderate expansion, Powell says
NGFS publishes first green investment handbook for central banks
Handbook examines five strategies for green investment and identifies problems for central banks
Bank of Spain paper looks at supply chains’ impact on investment
Greater value chain integration has strong impact on foreign and domestic investment, paper finds
IMF economist: central banks may have misdiagnosed secular slowdown
Lower neutral rates may have been caused by central banks lowering rates, researcher says
Fed researchers model impact of recent trade uncertainty
Trade uncertainty could account for a 1–2% decline in US investment, researchers say
Modernising currency management
Central banks strive to optimise currency operations, even as relative importance of cash drops
Brexit may have cost the UK 5% of productivity – BoE paper
Study draws on newly developed survey of decision-makers at UK firms
Norges Bank recommends allowing SWF investment in unlisted companies
Current regulation only allows investments in private firms that have expressed intention to go public
Fund structures are ‘a big issue’ for monetary system – Carney
Immediate redemptions risk amplifying capital flow volatility
ECCB launches public debt investor information website
New website could help solve “long-standing issue” of excess liquidity, ECCB governor says
Ethiopia needs to rebalance after investment boom – IMF Africa chief
Country has achieved impressive development but vulnerabilities have grown, says Abebe Aemro Selassie
UK to consider curbs on funds’ daily liquidity
Mark Carney says BoE officials are “disappointed” by limited global progress on issue
US regulators loosen Volcker Rule for small banks
Regulators resist political pressure to reduce regulation on larger banks’ investments