Banking

Introduction Financial regulators and governments have made much of their success in restoring the global financial system to a state of stability after the Global Financial Crisis and the Eurozone…

  April 12th 2024, 5 p.m. at the Warsaw School of Economics, building G, auditorium VII. The event is open to everyone. Topic The colloquium will attempt to answer the…

Introduction – 130 Central Banks have CBDC Projects Since we last reported on the ECB’s thinking about CBDCs1, multiple central banks have undertaken research in designing, operating and selling CBDCs.…

Introduction The European Stability Mechanism (ESM) will now be backstop-of-last-resort to the Eurozone banking system, in addition to backstopping the Eurozone member states and the currency itself. Its resources have…

At a dinner early in July the CEO of NatWest bank group (formerly known as RBS) Dame Allison Rose told a senior BBC journalist that the high-net-worth subsidiary of the…

Questionable business models in Fintech have been exposed, as predicted, in response to rising interest rates.  In Europe, the UK and US, rates have risen from near zero levels at…

Introduction The European Stability Mechanism (ESM) backstops the euro. Its nominal size is €705 billion but its lending capacity is lower at €500 billion, and the main condition attached to…

UK Consumer Price Inflation remained at 8.7% in May. The Bank of England has raised the cost of overnight money to 5% via increases in its Base Rate, and has…

Since the beginning of March, US regulators have closed and sold three banks: Silicon Valley Bank, Signature Bank and First Republic. The failures are the biggest to hit the US…

Introduction Central banks have undertaken many investigations, pilots and proofs-of-concept into Central Bank Digital Currencies (CBDCs), proving little beyond the lack of a convincing case in their favour, but unearthing…