Central Bank Announcements
Adelaide financial adviser banned for five years
ASIC has banned Adelaide-based adviser Peter Anthony Chigwidden from providing financial services for a period of five years.
APRA releases new Enforcement Approach
The Australian Prudential Regulation Authority (APRA) has released details on the future role and use of enforcement activities in achieving its prudential objectives.
ASIC warns trustees about Protecting Your Super laws and provides guidance for consumers
ASIC has called on superannuation trustees to provide helpful and balanced communications to their members regarding the Protecting Your Super package (PYSP) of reforms, which are due to take effect on 1 July 2019.
Open letter on climate-related financial risks
Open letter from the Governor of Bank of England Mark Carney, Governor of Banque de France François Villeroy de Galhau and Chair of the Network for Greening the Financial Services Frank Elderson.
Policymakers must look beyond the short-term horizon of the macro-financial cycle and ensure financial and fiscal resilience against tail risks – Governor Philip R. Lane
Tail risks are shocks to the economic system that are unlikely to occur, but that would have a significant impact on the economy and financial system if they did.
Minutes of the Monetary Policy Meeting of the Reserve Bank Board
The Monetary Policy Board decided to leave the cash rate unchanged at 1.5 per cent.
Federal Reserve fines UniCredit $158 million for firm’s unsafe and unsound practices related to inadequate sanctions controls and supervision of subsidiary banks
Federal Reserve fines UniCredit $158 million for firm’s unsafe and unsound practices related to inadequate sanctions controls and supervision of subsidiary banks
Yannis Stournaras: Recent economic and financial developments in Greece
Speech by Mr Yannis Stournaras, Governor of the Bank of Greece, at the 86th Annual Meeting of Shareholders, Athens, 1 April 2019.
Yannis Stournaras: Climate change – threats, challenges, solutions for Greece
Keynote address by Mr Yannis Stournaras, Governor of the Bank of Greece, at the Symposium on “Climate Change – Threats, Challenges, Solutions for Greece”, The American College of Greece, Athens, 3 April 2019.
Yannis Stournaras: Lessons from the Greek crisis – past, present, future
Speech by Mr Yannis Stournaras, Governor of the Bank of Greece, at the 87th International Atlantic Economic Conference “Lessons from the Greek Crisis: Past, present, future”, Athens, 28 March 2019.
Jon Nicolaisen: Will debt be reduced
Speech by Mr Jon Nicolaisen, Deputy Governor of Norges Bank (Central Bank of Norway), at the Norwegian Academy of Science and Letters, Oslo, 9 April 2019.
MiFID II – A year in review – Colm Kincaid, Director of Securities and Markets Supervision
Implementation of MiFID II and its progress in first year and an insight into some of the Central Bank of Ireland’s related supervisory priorities for 2019.
Progress on Benchmark Reform
Financial regulators around the world expect institutions using LIBOR to be ready to transition to more robust benchmarks reforms .
Community Banking in the Age of Innovation
Community Banking are learning to adapt to a new world of rapid innovation and shifting consumer expectations and Concerns about compliance.
U.S. Economic Outlook and Monetary Policy
At the Federal Reserve, in our most recent Summary of Economic Projections, the median participant on the Federal Open Market Committee (FOMC) projected that in 2019, GDP growth of 2 percent will be the modal, or most likely, outcome; that core PCE inflation will rise to 2 percent; and that the unemployment rate will fall a bit further, to 3.7 percent, by the end of the year.
PRESS CONFERENCE – Mario Draghi
key ECB interest rates remain unchanged and continue to expect them to remain at their present levels at least through the end of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term.
The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices
we are examining the policy strategy, tools, and communication practices that the Federal Open Market Committee (FOMC) uses to pursue the Fed’s dual-mandate goals of maximum employment and price stability.
Progress on the Transition to Risk-Free Rates
The Financial Stability Board (FSB) has coordinated the international effort to reform interest rate benchmarks at the direction of the G-20. This is an important effort across the globe, but nowhere is it of more importance than in the jurisdictions relying on LIBOR.
Federal Reserve issues FOMC statement
Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter.
New Zealand Leaders Stand Together
A group of emerging leaders has published a letter calling for CEOs and other leaders across the country to enable a better, safer and more inclusive New Zealand following the Christchurch mosque attacks on 15 March.
