Regulation
Operational and financial risk units have largest staff
Upper-middle income institutions have largest average total number of risk employees
Enterprise-wide risk management widespread among central banks
Few institutions maintain use of department-level and damage limitation approaches
Most central banks lack climate risk units
Just under half of institutions say they have difficulty hiring staff with matching skills
Cyber and fintech risk policies rejigged in a few central banks
Departmental structure varies across jurisdictions
Minority of central banks altered risk functions in past two years
Amendments emanate from factors including technology and climate change
Few central banks lack risk management strategies
Two respondents do not have a risk strategy and slightly more lack a defined risk tolerance
GRC systems remain scarce among central banks
Minority of central banks project adoption this year, others aim to upgrade
Richard Byles on Jamaica’s inflation-targeting baptism of fire
The Bank of Jamaica governor speaks with Christopher Jeffery about forex interventions, setting up digital disruptor banks and the next steps for Jam-dex
Repo bankruptcy exemption carries ‘significant costs’ – paper
Apparent liquidity boost from US rule is undermined by greater risk of fire sales, authors say
Most heads of risk management units report to governor or board
Risk management committees are more likely to exist in central banks than chief risk officers
Risk management units are most often centralised
Operational risks are the most covered area across participating jurisdictions
Held-to-maturity assets present banking risks, paper says
Boston Fed research argues SVB failure could mean regulatory re-think
FCA official confirms end of ‘temporary permissions regime’
European firms must have UK regulatory approval by December 30
Jamaica ‘twin peaks’ law coming in 2025, official says
Central bank will oversee non-bank sector after scandal at securities firm
Regulating data use: implications of data sitting in the middle
Regulators need to take action to ease tensions created by the growing use of data, says Manoj Singh
BCRA requires prior approval for all FX requests
Virtual freeze on exchange as Pesce and other directors make way for Milei’s picks
RBA plans to review retail payments regulation
Governor Michele Bullock outlines plans to modernise Australia’s payments system
UK regulator proposes tougher rules for money market funds
BoE welcomes FCA move and warns of wider risk of “dysfunction” in core markets
Crypto, trade and environmental crime among AML/CFT risks – IMF
Staff propose increasing country assessments to twice per year
Administrative data tops list as alternative data source
Research and forecasting remain key areas of application for central bank economists
SEC criticised for belt-and-braces ban on volume-based pricing
Legal experts question need for rules to prevent firms disguising agency trades as proprietary
Argentine central bank delays payments regulation
Online payments firm had complained rule was anti-competitive
Vietnam government to probe central bank’s credit management
Credit growth is far below the SBV’s 14% annual target amid property sector downturn
Economists’ rate of access to centralised data services still below par
Central banks in high-income jurisdictions still have more access