Entries for 'Central Banks'

The July U.S. Regulatory Update covers Fed announcements on climate-related financial risk, cybersecurity, digital assets, strategies against illicit finance, and more.

This paper highlights why sanctions on Russia should not be considered static. Rather, they are a "moving target" requiring regular adjustments as their consequences play out and countermeasures are taken. Importantly, we have also yet to reach the top rung of the escalation ladder. Western allies could take additional steps in the coming weeks and months to keep up pressure on the Russian government.

This paper will systematically look at additional sanctions that have been or could be imposed on Russia in several key areas: global payments systems, access to the U.S. Dollar, sovereign debt, hydrocarbon exports, and export controls. Equally important, it will not only analyze the effects of these latest sanctions on the Russian economy but also the broader implications for international financial markets. For example, one of the biggest impacts on the global economy is likely to be on trade. While details on how the new sanctions affect energy are still emerging, we do know that sanctions on its central bank will make it more difficult for Russia to export energy and other commodities. As a result, we may see commodity prices surge.

Could a Chinese CBDC displace the dollar as the global reserve currency, undermine the U.S. sanctions regime or provide the Chinese government with the ability to increase surveillance on citizens?

The IIF Regulatory Affairs Department is pleased to share a comprehensive summary of the key regulatory and policy discussions that took place during the IIF’s 2020 Annual Membership Meeting.

The April U.S. Regulatory Update covers U.S. regulators’ responses to COVID-19, the CARES Act, the recent FSOC meeting, the Fed’s stress capital buffer and CCAR announcements, and more. 

This short briefing note analyzes the recent Bank of Canada and Bank of England discussion papers on potential Central Bank Digital Currencies.

The U.S. Federal Reserve and the Federal Government have begun to implement a series of policy measures to address the economic and financial fallout of the COVID-19 pandemic, the two grids in this document break out the recent policy responses. 

The IIF outlines 5 key policy tools that international economic policymakers should be striving to use, now. No one action can turn the tide against COVID-19, but international coordination will prove crucial to limiting the damage.

As part of our new line of sustainability-themed research, we are launching a series of short "back-to-basics" notes, aiming to bring some clarity to the complex ecosystem of climate data, risk assessment methodologies, taxonomy and reporting. Our Sustainable Finance Pyramid sets out a framework of "building blocks" for the assessment of climate-related risks—and opportunities.  This toolkit supports effective disclosure—vital for regulators, policymakers and investors. 

The February U.S. Regulatory Update covers the Federal Reserve’s new proposed supervisory approach, the revised Volcker Rule covered funds proposal, the 2019 Financial Stability Oversight Council report, and more, along with Congressional updates and hearings summaries.