Central bank negative equity: a risk governance perspective
Janet Cosier explains how risk planning, recapitalisation and transparency are key as central banks incur financial losses
Central banks around the world have started to report negative-equity positions on their balance sheets during the past year. This has coincided with the rapid rise in inflation that required monetary policy-makers to respond by increasing interest rates sharply over a relatively short period of time. These decisive actions have created mismatches on the balance sheets of many central banks, including the US Federal Reserve System, the European Central Bank, the Bank of England, the Bank of
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