Governance
BoE unveils strategic priorities for 2019
Annual report says focus will remain on Brexit, but resilience, fintech and an overhaul of the BoE’s own operations are also priorities
Call to arms on climate change
Following Mark Carney’s “breaking the tragedy of the horizon” speech in 2015, it became apparent central banks and regulators needed to sit up and take responsibility for risks emerging as a result of climate change.
Romania’s Mugur Isarescu on independence in a ‘post-truth’ world
National Bank of Romania veteran governor speaks to Christopher Jeffery about the country’s shift to a market economy, challenges in the eurozone and independence in a ‘post-truth’ world
ECB queries changes to Austrian central bank law
But collapse of government puts future of draft law and identity of next governor in doubt
Green solutions – Supporting our clients along their green investment value chain
From extreme weather to transition risks, the systemic challenge of climate change lies in the interconnectedness of risk. Amundi is helping to shape solutions by integrating climate risks across its asset classes and pushing public debate forward.
Climate change – Where can central banks contribute?
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
New Zealand opens formal inquiry into next Irish governor
Irish finance ministry makes no comment as former deputy says Donnery should have been appointed
ECB again criticises Slovene attempt to change central bank law
Politicians’ latest attempt to compensate bailed-in shareholders would break EU law, ECB says
Next Irish governor faces calls to resign in NZ scandal
Makhlouf said opposition politicians were using hacked data but information was freely available
The calm before the storm – The climate change 2019 survey
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Liberian president fires central bank leadership and board
Weah alleges major “irregularities” by central bank as former governor’s trial continues
BoE’s Broadbent receives renewed term
Deputy to serve further five years; new appointments made to central bank’s oversight body
Two top officials leave the New York Fed
Simon Potter and Richard Dzina step down after combined 49 years at the bank
People: Brazil likely to replace deputy with San Francisco Fed economist
Fernanda Nechio nominated for Brazilian central bank board; two appointments in Lithuania; Sarb fills sixth board position; Guy Debelle takes on Global FX Committee chairmanship; and more
RBI toughens liquidity rules for non-banks in wake of 2018 stress
Default by IL&FS triggered liquidity problems across financial markets
Indian central bank to set up new supervisory body
Move follows tension between RBI and government over banking supervision
Book notes: The third pillar, by Raghuram Rajan
Rajan sets out an ambitious – but deliberately non-radical – manifesto for reform at the local level
Zhou on four key decisions that forged the modern-day PBoC
Former People’s Bank of China governor Zhou Xiaochuan shares his perspectives about four critical moments in China’s economic reform agenda
Judy Shelton could be Trump’s next Fed pick
Shelton, like Trump’s two previous picks, is a gold standard advocate
Nigerian president nominates Emefiele for second term as governor
Governor has been most important figure in Nigerian economic policy for last five years
ECB raises concerns over new Cyprus agency
Powers given to digital security agency should not prejudice those of ECB, opinion warns
Lebanese central bank strike ‘shut down local banks’
Staff consider further strike action over rumoured salary cuts as government faces fiscal crisis
Moore quits Fed nomination process
Growing pressure from Republican senators slashed his odds of being confirmed
Italian cabinet approves central bank appointments after delay
Move comes after strong criticisms of the Bank of Italy by leaders of governing parties