Regulation
Over 90% of Japan’s financial institutions use GenAI – BoJ
Most tell central bank survey that technology is usable but needs improvement in all areas
UK has a new prime minister, but the same fiscal woes
Debt, spending and bond markets present challenges for Burnham and BoE, say former MPC members
Transforming modern supervision: Three forces reshaping regulatory practices
Financial supervisory authorities are increasingly leveraging cloud-native infrastructure, granular data, and AI-enhanced oversight to transition towards a more data-driven and forward-looking approach to supervision
Economists devote up to half of working hours to research
Higher-paid research economists tend to spend more time on own research
CFTC uses emergency powers to overturn prediction market ban
Temporary US-wide ban would make financial instruments “waste away”, chairman says
Most key projection models capture policy rates
But respondents rarely disclose policy rate forecasts alongside scenarios
Central Bank of Brazil delays crypto transfers to fight fraud
Latin America’s largest economy targets stablecoins after Trump’s tariffs against Pix
Third of key models now employ endogenous financial sector
Multiple channels of monetary transmission rooted in majority models
IMF’s Katz urges central banks not to wait for ‘perfect’ stablecoin regs
Deputy head stresses data collection should start now as AI may accelerate adoption
Central banks complement traditional models with AI
Time series and semi-structural models remain economists’ choices for forecasting
Working group minutes: macro-pru calibration challenges
Many central banks are struggling to get enough data, particularly on borrowers
Working paper production linked to number of PhD economists
Central banks averaged output of roughly 10 working papers last year
Central banks should intervene with a ‘market backstop’ – paper
New research suggests optimal policy response to market freezes
Third of economics departments say staffing ‘barely sufficient’
Forecasting, policy analysis and research are economists’ top duties
Economists’ average annual salary rises
Incomes have some relation with GDP per capita and central bank size
Economics staff strength increases over two-year period
Departmental size as share of central banks’ workforce widens to 7.7%, on average
Mampho Modise on payments reforms and the hierarchy of money
Sarb's deputy governor discusses conflicting crypto directives, wholesale CBDC plans, expensive remittance and a Brics gold-backed settlement unit
UAE’s cash card could function as surveillance tech, expert says
Central bank says new scheme will operate within legal framework for customer privacy
Peirce warns crypto vaults and lending may fall under SEC rules
Commissioner urges against legal ‘gymnastics’ to avoid regulation
Bank of Russia confirms new crypto regime
Law forms part of de-dollarisation and alternative payments push as Moscow seeks new ways to evade sanctions
Nigeria’s president signs order to enhance virtual asset regulation
Central bank to chair ‘virtual assets council’ to help close regulatory gaps