After the Great Financial Crisis, the European Central Bank (ECB) extended its monetary policy toolbox to include the use of long-term loans to banks at interest rates close to zero or even negative. These central bank interventions were aimed at supporting the transmission of expansionary monetary policy and likely played a crucial role in bolstering the financial stability of the euro area, namely by reducing the chance of bank runs. However, quantitative evidence on the effects of these in...| Liberty Street Economics
The post Asset Management & Investment Funds Update – October 2025 appeared first on WILLIAM FRY.| WILLIAM FRY
At the European Insurance Forum, the Central Bank of Ireland shared thoughts on its new supervisory approach, highlighting regulatory simplification and the importance of ethical innovation.| WILLIAM FRY
In a companion post, we showed that during the bank run of spring 2023 investors were seemingly not concerned about bank risk broadly but rather became sensitized to the risk of only about a third of all publicly traded banks. In this post, we investigate how the Federal Reserve’s liquidity support affected investor risk perceptions during the run. We find that the announcement of the Fed’s novel Bank Term Funding Program (BTFP), and subsequent borrowings from the program, substantially r...| Liberty Street Economics
It is time for Congress to rein in and audit the Federal Reserve as it continues to undermine the U.S. dollar and usurp new powers, explained U.S. Congressman Warren Davidson on Conversations That Matter with The New American magazine Senior Editor Alex Newman. Davidson, who has sponsored and co-sponsored multiple bills targeting the Fed, warned ... The post Time to Take Aim at Federal Reserve: US Rep. Davidson appeared first on The New American.| The New American Podcast
The rapidity of deposit outflows during the March 2023 banking run highlights the important role that the Federal Reserve’s discount window should play in strengthening financial stability. A lack of borrowing, however, has plagued the discount window for decades, likely due to banks’ concerns about stigma—that is, their unwillingness to borrow at the discount window because it may be viewed as a sign of financial weakness in the eyes of regulators and market participants. The discount ...| Liberty Street Economics
Washington D.C., 24 April 2025 —Vulnerable Twenty (V20) Finance Ministers of the Climate Vulnerable Forum (CVF), representing 74 vulnerable countries, convened today for the 14th Ministerial Dialogue, held on the sidelines of the Spring Meetings of the World Bank Group (WBG) and International Monetary Fund (IMF). Themed “Enabling Climate Prosperity: A Global Agenda for Jobs, […]| CVFV20.Org
Welcome to the May 2025 edition of Legal News. Here is a selection of our recent publications.| WILLIAM FRY
A look out how novel payment systems based on blockchain networks can be made interoperable to reduce speculation and volatility.| Liberty Street Economics
Catch up with Kartik Athreya as he answers questions about his experiences in his first year as director of research at the New York Fed. Kartik discusses some of the unique aspects of being a New York Fed economist, the importance of research, and the topics that have most resonated with him over the past year.| Liberty Street Economics
On 28 February 2025, the Central Bank of Ireland (Central Bank) outlined its new approach to supervising regulated financial services firms.| WILLIAM FRY
The US Treasury has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).| www.globalgovernmentforum.com
The Vice President and Presidential Candidate of the NPP, Dr Mahamudu Bawumia, has launched myCreditScore, a personalised credit reference and scoring system for Ghanaians. Backed by the Central Bank, this Credit Scoring System, allows Ghanaians to demonstrate their creditworthiness transparently, helping them access credit more easily. Through this system, individuals who display good credit behaviour and […]| The Herald ghana
The Central Bank of Ireland recently updated its Markets in Crypto Assets Regulation (MiCAR) web page to include further detail on the authorisation process under MiCAR and a frequently asked questions document.| WILLIAM FRY
September 2024 updates across sustainable finance, macroprudential policy for investment funds, T+1 settlement cycles, and passporting notification procedural changes.| WILLIAM FRY
Central Bank MiCAR Authorisation and Supervisory Expectations for CASPs .| WILLIAM FRY
The authors report on new research showing that once a DW facility is stigmatized, removing that stigma is difficult.| Liberty Street Economics
Welcome to the April 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
Financial crime – an area of particular focus for the Central Bank in the 2024| WILLIAM FRY
Welcome to the March 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
We look at CP158 - The Central Bank Consultation Paper on its proposals to revise the Consumer Protection Code.| WILLIAM FRY
One Giant Step Closer to the Mark President Biden issued an executive order on March 9, 2022, that directs federal agencies to develop policies for the US government to regulate and issue a new digital currency, tentatively called the FedCoin (1). Digital cryptocurrencies have seen explosive growth in recent years. The combined assets of non-governmental...| End Times Truth
