Federal Reserve vice-chair Richard Clarida resigned on January 10, a few weeks after he admitted to controversial equities sales as the Covid-19 pandemic was beginning in 2020. Clarida’s resignation takes effect on January 14, though…
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The European Commission will assess whether any regulatory changes are needed in order to improve the reporting and monitoring of climate-related risks. In remarks on November 6, vice-president Valdis Dombrovskis outlined the commission’s plan to…
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The term ‘big data’ is relatively vague and refers to the proliferation of information brought by the so-called data revolution and generated as an ‘organic’ by-product of social media and web-based activities, machine sensors and…
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US president Joe Biden announced three candidates for vacancies on the Federal Reserve Board on January 14. The three nominees, if confirmed, would introduce an unprecedented degree of diversity to the Fed’s leadership, with four…
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The Bank for International Settlements and the Swiss National Bank say they have linked a prototype wholesale central bank digital currency (wCBDC) into core banking systems. In results published today, the BIS and SNB reported…
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The Federal Reserve’s outsourcing risk management guidance may need to be changed to help community banks interact with fintech firms, one of the central bank’s senior officials says. Speaking on April 11, Michelle Bowman, a governor…
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The risk of hitting the zero or effective lower bound (ZLB/ELB) in the future reduces current inflation through the expectations channel, a paper published by the US Federal Reserve finds. Timothy Hills, Taisuke Nakata and…
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Central Bank of Estonia: paper analyses impact of debt repayment problems on consumption Debt repayment issues lead to “substantial” short-term changes in consumption, a working paper published by the Central Bank of Estonia suggests. In…
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US Treasury secretary Janet Yellen had to walk back comments about interest rates on May 4. Speaking at a public event hosted by The Atlantic, Yellen said that stimulus spending “could cause some very modest…
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Richard Clarida, vice-chair of the Federal Reserve Board, revealed he had made previously undisclosed seven-figure equities transactions in the last week of February 2020. Clarida admitted the trades in an amended asset disclosure filed on…
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