IMF Blog entry by Allison Holland, Ceyla Pazarbasioglu How to Ease Rising External Debt-Service Pressures in Low-Income Countries – Debt servicing costs are increasing rapidly while annual refinancing needs have tripled to about $60 billion. Links: IMF Blog: How to Ease Rising External Debt-Service Pressures in Low-Income Countries
FSI Insights on policy implementation – No 56by Johannes Ehrentraud, Ségolène Mure, Elisabeth Noble and Raihan Zamil Non-bank financial intermediaries (NBFIs) encompass numerous firms with distinct business models that provide various financial services. This includes NBFI retail lenders, such as finance companies, mortgage companies, fintechs and big techs that lend to households and small and medium-sized enterprises (SMEs). In this[…]
by Claudia Buch Speech by Claudia Buch, Chair of the Supervisory Board of the ECB at the House of the Euro in Brussels, on “European banking supervision a decade on: safeguarding banks’ resilience amid global challenges”. Links: Speech by Claudia Buch, Chair of the Supervisory Board of the ECB
by Davide Romelli Central bank independence is widely considered the backbone of modern economic policy analysis. This column examines the evolution of central bank independence for a sample of 155 countries from 1923 to 2023, and reveals a remarkable global shift towards enhancing the independence of monetary authorities. Despite the post-2008 challenges and the recent[…]
by the ECB The supervison newsletter is published every three months. It highlights and summarises key issues in banking supervision that are of interest to banks and the wider financial sector. This issue includes among others an Interview with Claudia Buch and articles on rise in outsourcing, data quality, ICT and security risks, and stronger[…]
by Philip R. Lane Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the joint Banco de España, Irving Fisher Committee on Central Bank Statistics and European Central Bank conference “External statistics after the pandemic: addressing novel analytical challenges” in Madrid. Links: ECB Keynote speech: Euro area international financial[…]
by Burkhard Raunig, Michael Sigmund Since the introduction of the Single Supervisory Mechanism (SSM) in 2014, systemically important banks in the euro area are directly supervised by the ECB. From a static and dynamic perspective, we examine how this fundamental shift towards unified supervision under the SSM affects the competitive position of SSM banks. A[…]
by Stephen Kho In response to swift policy rate hikes by the ECB, commercial bank deposit rates have increased but also diverged across the euro area. In this SUERF policy brief, I discuss the transmission of monetary policy to deposit rates in the euro area, with a focus on the role of concentration in the[…]
by the Contact Group on Macroprudential Stance of the ESRB’s Instruments Working Group (IWG) Links: Report: Improvements to the ESRB macroprudential stance framework
Podcast with Luigi Zingales, Bethany McLean It’s been nearly 16 years since the federal government bailed out Wall Street to the tune of $700 billion in response to the financial crisis that precipitated the Great Recession. The idea that the public must guarantee critical financial institutions that are “too big to fail” was controversial then,[…]