Liquidity
Kenyan president signs new central bank law
Amendment provides framework for institution to offer emergency liquidity assistance
Half of jurisdictions practise collateral pre-positioning
Most believe banks in their jurisdictions are ready to access emergency central bank liquidity
Banque de France’s Denis Beau on supervisory reform
The Banque de France’s deputy governor speaks about suppression of the systemic risk buffer, proposals for a TLAC floor, and simplifying bank regulation and resolution
Investigation of Bangladesh Bank ex-governors continues
Anti-corruption watchdog reviews central bank documents amid probe into alleged misconduct
Resolution framework fully enacted for 66% of supervisors
Bridge bank and bad bank are most widely available tools followed by statutory and contractual bail-ins
Asean’s expanding and evolving swap lines
The Asian trade bloc – with and without China, Japan and South Korea – wants to strengthen emergency liquidity support
EUR vs USD stablecoins is the wrong debate
Market structure and regulatory cohesion is at the centre of the stablecoin liquidity evolution, says Flow Traders’ digital assets head
Elizabeth McCaul on the need for resilience in cyber security
Former ECB official explains why response preparedness is more important than predicting attacks
Mervyn King on his career and big ‘mistakes’
The former BoE governor speaks with Christopher Jeffery about the value of transparency, lessons from the GFC, the need to track broad money and tie short-term funding to haircut collateral, and danger presented by non-banks
Hong Kong scales up in bid to attract central bank gold
Financial bureau chief targets Asian institutions to bolster gold storage to 2,000 tonnes, use new trading and central clearing services plus links to China, amid sovereign immunity concerns
BIS warns of stability risks from ‘fiscal-financial nexus’
Report sounds alarm over public debt and NBFIs’ role in bond markets, as de Cos calls for immediate action
QE reduces bonds’ safe haven properties – BdF paper
Safety is becoming ‘increasingly fragmented’ across asset classes, researchers say
RBI and Myanmar central bank discuss swap line
Indian ambassador meets with Burmese governor to discuss payments co-operation
BoE publishes ‘final’ stablecoin policy
Systemic sterling stablecoin holding limits swapped for £40bn issuance cap
Switzerland and Norway hold, Czech Republic and Moldova hike
SNB says inflation uptick is temporary, while CNB and Norges Bank highlight wage pressures
Foreign central banks can soon repo Chinese bonds, PBoC says
Experts say move is likely to increase monetary authorities’ demand for Chinese debt
Jim Bullard on Kevin Warsh’s first FOMC and Fed independence
The Federal Reserve veteran speaks with Christopher Jeffery about Iran and the US economy, the ‘good' AI bubble, cutting the Fed’s balance sheet and staff, and the need to clarify swap rules and recapitalise the regional Feds
Zoltán Kurali on Hungary’s reserves strategy and euro adoption
Deputy governor speaks about portfolio positioning amidst geopolitical volatility, AI, CBDC and the future of the forint
Tokenisation poses monetary operations challenges – panel
Officials tell Central Banking London Meetings that 24/7 markets can bring new dilemmas
Dollar’s reserve currency status worth $33 trillion – paper
Loss of exorbitant privilege would lead to dollar depreciation and rise in real interest rates
Singapore to introduce gold storage for central banks
MAS plans OTC clearing in local time, gold financial products and other bullion-related initiatives