Regulation
Three in five central banks seek improved banking regulations
Basel III reforms, liquidity controls, capital adequacy, others dominate list of concerns
HKMA receives ‘broad support’ for plans to simplify banking system
Hong Kong’s de facto central bank says industry welcomes proposed switch from three tiers to two
Reserve requirement remains leading macro-pru policy
High income countries favour caps on loan-to-value ratios
Most central banks have macro-pru mandates
Nine institutions seek more macro-pru tools
Financial stability budget increases in most central banks
But resources less likely to be sufficient in Africa and lower-middle income institutions
Why was Archegos worse than the Fed’s five-fund stress test?
Some believe Credit Suisse was an outlier, but others say the CCAR results underestimated risks
Two in five financial stability divisions have staff shortage
FTE employees average under 30 workers across responding institutions
Emerging markets at greater risk from stablecoins, FSB warns
Limited regulation, resourcing constraints and FX exposures create hazards for poorer countries
Basel Committee finalises crypto asset disclosure rules
Disclosure and prudential standards to be implemented by 2026
BIS launches joint project to map supply chains
IMF, World Bank, United Nations and others join Project Insight
Ukraine’s governor on central banking as war endures
The NBU’s Andriy Pyshnyy speaks about the need for investment and reform amid labour shortages, securing war-risk insurance and Ukrainian funding from Russia’s frozen assets
Minutes released with greatest lag in lower-middle income countries
Blackout period lasts seven days in most central banks
Money-supply targetters account for lowest frequency of policy meetings
Upper-middle income central banks set policy and publish reports at highest frequency
Basel Committee approves new stablecoin exposure framework
Details on new crypto asset and IRRBB rules, plus third-party risk consultation due out this month
AI, quantum computing and tokenisation set to transform finance – Menon
But significant barriers remain preventing the technologies from unlocking their full potential
Middle income monetary policy staff salaries fall behind peers
Officials in Europe and Africa tend to earn highest average annual income
EU central banks don’t want to ‘over-regulate’ AI
Lack of international co-operation may spur regulatory arbitrage, panellists warn
MPCs largest in inflation-targeting central banks
Government reps attend meetings in two-thirds of jurisdictions with other regimes
Irish central banker acknowledges ‘valid’ criticism of Dora timeline
New digital resilience regulation criticised for not giving firms enough time to comply
Monetary policy budget averages under $2 million annually
Budgets larger in high income, upper-middle income central banks
Briefing, analysis and research are monetary policy officials’ top duties
Average departmental staff remains below 40 persons
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
The former Bank of Japan governor speaks with Christopher Jeffery about the need to properly understand the business of banking, making sound contingency plans and the BoJ’s current policy constraints
European Commission opens consultation on AI in finance
As AI use in financial services increases, regulators must balance innovation with risk
Attention shifts to US, UK after European Union postpones FRTB
Global timeline still unclear, with banks hoping lawmakers will use delay to soften rules