Accounts
IMF budget flat for another year
Fund faces eighth year with its budget unchanged in real terms
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Internationalising renminbi – Hong Kong leads the way
Hong Kong’s advantages in technology, talent and infrastructure make it best placed to form the primary transaction and risk management network for the overseas offshore renminbi market, argues Zhou Chengjun, IFF Academic Committee member and deputy…
Namibian government proposes to cap its borrowing from central bank
Finance minister asks for five-fold increase to central bank’s capital to pay for new responsibilities
Boston Fed research encourages tokenisation for ecommerce
Payment method could reduce fraud, paper says, given account information is removed from the process
Philippine central bank handed new stability powers and mandate
Act removes money supply and credit as determinants for monetary policy in addition to granting central bank broader supervisory scope
RBI boosts Modi’s coffers with early dividend
Interim payout is larger than in 2018 and comes ahead of general election
Risk manager: Saudi Arabian Monetary Authority
A multi-year overhaul of the Saudi central bank’s risk architecture has come to fruition, resulting in radical changes in behaviour
Turkish central bank makes early payout to government
Extraordinary general meeting sees CBRT agree to similar actions in future
Supervisory lessons: resolution is a ‘dirty business’
Former Bank of Spain head of supervision Aristóbulo de Juan reveals his principles for resolving problem banks in the final article of a four-part series
BoE keeping ‘open mind’ on central bank digital currency – Carney
But “it could be some time” before private accounts are available at BoE, if they are ever offered, governor says during online Q&A
Turkish central bank to hold extraordinary general meeting
January meeting likely to see early profit distribution to government, ahead of local elections
Auditors call for BoE to do more to modernise working practices
Complex, outdated and overly manual processes are adding to costs, says report
Asset management: outlook for 2019
Monetary policy divergence, fears over protectionism and ESG are shaping reserve managers’ approach to 2019
Singapore central bank probes possible misconduct at large trading group
Noble Group shares suspended as MAS, police and accounting regulators examine allegations
People: Former Malawian governor dies
Mathews Chikaonda served as governor in the 1990s; new senior appointments made at the BIS; and more
Rajan sees room for disagreement between RBI and government
But former governor says triggering Section 7 would be cause to be “very worried”
Argentina’s 2019 elections pose extra challenge to revamped IMF programme
Increased stand-by arrangement intends to eliminate primary budget deficit in 2019
African banks should adopt Nigerian regulatory model – Zimbabwean official
Foreign and domestic banks need uniform regulatory approach, official tells conference
Fed assessing effects of community bank closures in rural areas – Quarles
Decline in community banks over last two decades concentrated in institutions with less than $100 million
RBA moves back into profit
Gains in foreign currency investments carry RBA back into profit, annual report says
New York Fed wraps up final sales of crisis portfolio
Maiden Lane vehicle created in wake of Bear Stearns bailout ultimately turns a profit
Papua New Guinea transitions to IFRS 9
Central bank will look to disclose more information around risk exposures
Demetriades on political pressures on central banks and their governors
Former governor of the Central Bank of Cyprus speaks about the Cypriot banking crisis, the need for EU-wide AML oversight, independence and his fears for stability of the monetary union