Sovereign debt
The risks and returns of ever-expanding swap and repo lines
Increase of central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
Little evidence of second-round inflation in UK – Bailey
BoE governor says economy more resilient than expected, amid signs of AI investment
FSB warns global stablecoins remain untested in crisis
Complex cross-border regulatory structures have emerged, body says
Reserve Benchmarks 2026 – executive summary
Data reveals diversification trend and sheds light on AI use in reserves management
RBA says stability risks mainly come from abroad
Bank’s finstab report says financial system resilient but points to AI and geopolitical concerns
Bailey calls for AI kill switch ahead of regulation
FPC says technology is escalating financial stability risks and making them more intertwined
Stablecoins issuers’ debt wish not enough to meet US needs – study
SF Fed authors say demand for Treasuries will be much smaller than government’s requirements
ECB should become global lender of last resort – report
Academics put forward policy recommendations to further internationalise euro
BdF chief urges French politicians to break budget deadlock
Central bank governor warns another stalemate could jeopardise France’s economic future
Mamerto Tangonan on the Philippines’ glocal digital ecosystem
Deputy governor shares insights on the nexus of wCBDC and digital sovereign bonds, multilateral payments governance and 'smart' global trade
EU central banks want more sovereign bonds in stablecoin reserves
Micar review proposals include severing crypto interdependence with rival banks
BoE holds rates and reveals talks to sell gilts to Treasury
Economists voice concerns over blurred fiscal and monetary policies
Bailey warns AI could crash global financial system
FSB chief warns of cyber security risks and threats from leveraged investments in technology
How credible is Venezuela’s debt restructuring?
Aggressive timetable and lack of IMF involvement raise feasibility concerns for restructuring up to $240 billion of debt
Africa’s domestic debt shift raises costs and risks, BIS warns
Diversifying investor bases necessary to reduce reliance on central and commercial banks, study says
Strained public finances may trigger ‘great repression’ – paper
IMF study of a century of data on financial repression finds the tactic is tempting governments again
LLMs can analyse news articles to spot stability risks – ECB study
Authors use AI to find trigger events in dataset of over 1 million stories
Implications of the 2026 Middle East war
Gavin Bingham, Paul Fisher and Andrew Large detail the monetary policy, financial stability and international co-operation challenges for central banks
BIS warns of stability risks from ‘fiscal-financial nexus’
Report sounds alarm over public debt and NBFIs’ role in bond markets, as de Cos calls for immediate action
The next financial crisis may start outside the banks
The warning signs are multiplying and the window for preventive action is narrowing, writes Stijn Claessens
Venezuela launches $150bn debt restructuring process
Government looks to rework both sovereign and national oil company’s debt