By Aitor Erce, Enrico Mallucci, Mattia Picarelli The debt jurisdiction affects a government’s ability to restructure its debt, is key to shaping the restructuring process, and affects the timing and conditions of market access. This column introduces a new database that codes sovereign defaults according to the legal jurisdiction governing the debt instruments. The database[…]
CfP Deadline Date: June 24, 2022 Conference Event: October 26-27, 2022 Event Location: Paris, France Organizer(s): European Banking Authority The 11th edition of the European Banking Authority’s Policy Research Workshop (https://www.eba.europa.eu/about-us/eba-research-workshops) will seek to explore the impact of technological innovation and climate finance on the banking regulation. The event will cover measures that policy makers[…]
By Angelo Duarte, Jon Frost, Leonardo Gambacorta, Priscilla Koo Wilkens and Hyun Song Shin Key takeaways Public payment infrastructures build on the central bank’s foundational role in the monetary system by promoting competition and interoperability between payment platforms. They can reduce costs for users and promote financial inclusion. Brazil’s recent experience with the Pix retail[…]
Heavily reliant on commodity exports, remittances and tourism, the economies of the Caucasus and Central Asia and their financial systems are vulnerable to volatile external shocks. The Chart of the Week shows how exposed countries in the region are to such disruptions, which in the past have caused economic downturns and financial distress. Although the[…]
By the European Central Bank (ECB) ECB approves Cyprus’ RCB Bank’s sale of part of its loan portfolio to Hellenic Bank ECB restricts RCB’s business: it cannot take new deposits, grant new loans, or make new investments ECB appoints temporary administrator to work with current management and closely monitor bank’s liquidity and capital RCB Bank’s[…]
CfP Deadline Date: May 15, 2022 Conference Event: September 8- 9, 2022 Event Location: Amsterdam, the Netherlands Keynote speaker(s): Samuel Hartzmark (University of Chicago Booth School of Business) Michaela Pagel (Columbia Business School) Stephan Siegel (Foster School of Business) Organizer(s): Vrije Universiteit Amsterdam Program and location RBFC 2022 will take place on the campus of[…]
by Financial Stability Board (FSB) This report examines whether the COVID-19 pandemic changed the ways in which individuals and firms engage with innovative financial service providers and traditional financial incumbents. Its main finding is that the pandemic has accelerated the trend toward digitalisation of retail financial services. Link: FinTech and Market Structure in the COVID-19[…]
CfP Deadline Date: May 1, 2022 Conference Event: September 20-21, 2022 Event Location: Barcelona, Spain Organizer(s): UN Principles for Responsible Investment (PRI) The UN‐supported Principles for Responsible Investment (PRI) works to understand the investment implications of environmental, social, and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors[…]
Key Takeaways: Banks are increasingly exploring opportunities for using artificial intelligence (AI), including machine learning (ML). Banks’ use of AI/ML presents significant opportunities but can also heighten certain risks and challenges. The Committee intends to continue exploring banks’ use of AI/ML, especially in the areas of explainability, governance, and resilience and financial stability Link: Newsletter[…]
CfP Deadline Date: April 22, 2022 Conference Event: July 7, 2022 Event Location: Luxembourg Organizer(s): University of Luxembourg The Department of Finance at the University of Luxembourg organizes the 1st Conference in Sustainable Finance on July 7th, 2022, in Luxembourg (in-person). The academic conference is hosted by the Sustainable Finance Chair, which is supported by[…]