Regulation
Chief economist Haldane to leave BoE
Influential thinker on regulation and monetary policy leaves UK central bank to lead think-tank
Regulating big tech and non-bank financial services in the digital era
Experiences from China highlight potential benefits of digital-bank and holding-company approaches
Republican senator accuses Fed of politicising research
Toomey demands documents from San Francisco Fed on climate and racial justice studies
US agencies begin survey on AI
Regulators seek information on use, management and development of artificial intelligence
Peru’s Velarde condemns interest rate cap law
Central bank gains power to fix maximum rates every six months
Cyber security and retaining top talent are biggest tech challenges
Keeping abreast of fintech developments also tests institutions
A rebuttal of Philip Turner’s criticism of the BIS ‘house view’
Critiquing Philip Turner’s occasional paper, ‘The new monetary policy revolution: advice and dissent’
Irish central bank levies record fine for misconduct
CBI fines Ulster Bank Ireland €37.7m over serious failings in “tracker mortgage” scandal
Federal Reserve to end payout caps for better-capitalised banks
Fed will lift limits on payouts and buy-backs for banks passing stress tests on capital levels
Book notes: Economic philosophies, by Alessandro Roselli
Roselli’s analytical and historical exploration is especially valuable now, writes Robert Pringle
Myanmar central bank fines lenders over protests – reports
Authorities attempt to force private banks to reopen as strike campaign continues, reports say
Bank of Thailand reinforces stablecoin regulation
Firms wishing to issue baht-backed stablecoins must consult with the central bank
Fed vice-chair: Libor will end
Libor use has expanded, but Quarles says Fed is looking for transition plans
High income countries report greater numbers of licensed fintech firms
Some jurisdictions host many licensed fintech firms but others have none
US regulators end leverage ratio exemption
Fed, OCC and FDIC stick to March 31 end date despite reports of industry lobbying
Myanmar central bank suspends over 200 staff for coup protests
Move comes as junta cracks down on government employees joining opposition protests
Lifetime achievement: Charles Goodhart
LSE and BoE veteran has influenced central banking policy practices and frameworks all around the world
BoE’s Woods says PRA needs more rulemaking powers
PRA chief dismisses “caricature” of the “rampant regulator intent on crushing the industry”
Pandemic payout freeze increased lending - BIS paper
Research finds restrictions depressed equities but augmented capital buffers and boosted loans
Irish central bank requests more powers to regulate financial executives
Politicians say scandal at financial firm strengthens case for measures to act against wrongdoing
‘Do bank supervisors wear too many hats?’ asks BIS paper
Many countries require array of mandates beyond “safety and soundness”, authors say
IMF staff suggest changes to Paraguyan supervision
Report calls for new pension fund supervisor and better supervision of non-banks
SEC task force to enforce green and ESG rules
US regulator says task force aims to “proactively address” disclosure gaps
Bank of Spain paper analyses regulations’ complexity
Researchers present new method for linguistic and structural assessment of regulations