Risk
ECB holds rates as it waits for ‘additional information’
Lagarde says her need to speak out on wider issues was key reason for her announced departure
The risks and returns of ever-expanding swap and repo lines
Increase in central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
BoE survey finds UK financial firms shifting to GenAI
Respondents expect systemic risk to increase as tech becomes more widespread
Iberian central banks sign MoU to tackle quantum computing risks
Bank of Portugal and Bank of Spain to co-operate on post-quantum cryptography
French riots hurt investor confidence as budget impasse lasts
Deteriorating fiscal outlook and political paralysis unsettle sovereign bond markets
Philippines tightens more than expected as inflation bites
BSP expects price growth to remain high next year due to oil prices and El Niño effects
BoK delivers hawkish hold
Shin says previous hikes provided room for pause, though tightening would continue amid heightened inflation
RBNZ chief economist values greater freedom to share policy views
Paul Conway also says central bank flexible about potential mandate change
PBoC considering making overnight rate its benchmark
Governor says rate already ‘benchmark-like’ as he unveils onshore FX pilot and other measures
BoE probes Barclays’ handling of private credit loans
FT report says PRA investigating misallocation of derivatives following internal complaint
Georgieva: love it, hate it or fear it, AI is here
IMF MD’s ambivalence contrasts with Macklem’s cautious optimism and Anthropic policy chief’s bullishness
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
Atomic settlement: a solution to cross-border payment woes?
Experts say simultaneous settlement has the potential to improve cross-border frictions – so why are central banks lukewarm?
Warsh: I’ve focused too much on monetary policy
Fed chair vows to pay more attention to supervision, payments systems and consumer affairs
Banks must fix gaps in climate stress tests – Elderson
ECB supervisor says risks once thought remote are moving closer to becoming tomorrow’s baseline
Imminent US shake-up of LCR slated to include discount window
Adding Fed liquidity facility to bank regulation may help overcome stigma, raise lending capacity
Pre-emptive policy has built credibility, says Georgian governor
Enriched monetary policy toolkit assesses whether shocks are transitory in a volatile world
Overnight rates hitting MRO no sign of failure, says Välimäki
Bank of Finland board member outlines preferred view of new ECB structural operations
Supervisory culture at Fed a ‘decades-long problem’ – Bowman
Vice-chair says there will be restructuring, while ‘tailoring’ of regulations will also change
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
Hammack: explaining Fed moves is accountability via transparency
Cleveland Fed CEO says setting out the reaction function is not the same as forward guidance