Regulation
Just under than half of risk departments are sufficiently staffed
Units with satisfied staffing levels earn below global average annual salary
Most centralised risk teams prioritise cyber security
Decentralised teams primarily cover credit and counterparty, op and market risks
Risk policies widely reviewed by committee in larger teams
Central banks with larger teams favour risk committees over CROs
Bowman’s Fed may limp on by after cuts
New vice-chair seeks efficiency, but staff clear-out could hamper functions, say former regulators
BoT details efforts to curb gold-related FX volatility
Financial institutions given new timeframe to verify gold transactions, with further measures planned
Renato Gomes on Pix, Drex and digital asset regulation
Brazil’s deputy governor speaks with Christopher Jeffery about pros and pitfalls of open finance, financial inclusion and crime on Pix, and the need to sideline DLT for Drex phase 3
2025: The year in central banking
A look back at the biggest and most popular stories of the year
New capital requirements will reduce borrowing costs – RBNZ
Lenders to hold substantially less than under previous recommendations
ECB looks to simplify bank regs, supervision and reporting
Recommendations include merged buffers, lesser reporting burdens and an easier life for smaller banks
Ireland publishes roadmap for streamlining regulation
Central bank governor insists it is not about lowering standards but improving framework’s quality
The prospects for retail CBDCs
Open instant payments systems offer a quicker route to financial deepening, for now
Eurozone bank uncompetitiveness a ‘myth’ – Schnabel
Regulations have made lenders better, says ECB board member
Central banks’ social media share ticks up
Social-traditional media split for communications roughly the same across different regions
Local languages widely used in central bank communications
African central banks use more English in communications than counterparts in other regions
BoE lowers capital requirements for banks
Governor says move reflects sector’s evolution as institution publishes latest fin stab report
Comms teams see dis/misinformation on social media as key risk
Criticism from government ranks as smallest risk
Website upgrades are comms teams’ top priorities for next year
Commitments differ somewhat by departmental structure
Climate and fragmentation are key risks, say deputy governors
Officials from EMEs in Africa and Americas outline concerns at Autumn Meetings
Larger comms teams involved earlier in policy decisions
Most departments become involved in duty after decisions are taken
Market interaction key to effective FX interventions – panel
Central bankers from the Americas say data and communication help to reduce volatility
Hybrid teams widely employ social media for two-way communications
Most respondents use strategies to address crises and disinformation