March 2022: New VoxEU Column – Sovereign defaults in domestic law debt: Stylised facts from a new database

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[…]

11th EBA Policy Research Workshop: Technological Innovation, Climate Finance and Banking Regulation

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[…]

March 2022: New BIS Bulletin – Central banks, the monetary system and public payment infrastructures: lessons from Brazil’s Pix

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[…]

March 2022: New IMF Blog Article – Financial Systems of Caucasus, Central Asia Are Particularly Vulnerable to Shocks

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[…]

March 2022: ECB press release – ECB takes decisions related to RCB Bank phasing out its banking operations

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[…]