Central Banking Journal - Volume XXXII Number 3
Articles in this issue
Fractures in the monetary system
Seizure of Bank of Russia assets likely to have long-term implications for international system
Pierre Wunsch on inflation, forward guidance and policy tightening
Belgium’s governor speaks about models, reversing unconventional policies and other challenges
Effective market operations in a modern central bank
Oliver Wyman’s Paul Fisher and Oliver Wünsch explain how central banks can successfully organise and manage their market operations departments with a public sector workforce, and when their objectives are not dictated by financial returns.
ECB supervision and the state of the eurozone’s banks
ECB banking supervision has passed the first stage of the Covid-19 test, but many challenges remain
Diego Labat on policy normalisation, capital flows and tech challenges
Uruguay governor speaks about financialisation, flexible rates vs controls, payment upgrades and CBDCs
Anti-money laundering and countering the financing of terrorism focus report 2022
Anti-money laundering authorities face a never-ending battle to track and block the proceeds of financial crime. Increasingly, they are finding themselves in a technological race to stay ahead of criminals
AML supervision at central banks: 2022 survey
Kroll explores why many central banks are investing in skills and data to tackle money laundering, but resourcing constraints are preventing stronger action, as Central Banking’s survey data reveals.
Collaboration is key: how central banks are tackling money laundering
Kroll explores Central Banking’s survey data on how central banks are fighting money laundering. Many will need to step up their work with data and risk-based supervision to cope with new threats.
Regulators race to curb crypto asset money laundering
Crypto assets are increasingly used as vehicles for money laundering, but regulating them is not necessarily straightforward
The good, the bad and the ugly: how to spot money laundering’s worst offenders
Kroll’s consultants highlight the main signals that something is not right with a bank, and outline what supervisors can do about it.
How supervisors can step up the AML fight
Marcus Pleyer, president of the Financial Action Task Force, says digital tools, stronger co‑operation and risk-based methods can give supervisors an edge. But threats are still proliferating
Change at the Bundesbank: from Weidmann to Nagel?
Politics at the apex of German central banking amid Buba/ECB discord
Central Banking Awards 2022: the winners in full
Recipients of the 2022 awards include Stanley Fischer, the Bank of Korea, Mario Marcel and many more
Navigating the digital transformation at Deutsche Bundesbank – an update
Joachim Wuermeling explains the impact of Covid-19 and other developments
Masaaki Shirakawa on lessons from crisis and how to reform central banks
Former governor reflects on a turbulent 40 years at the Bank of Japan
Digital money and central banks
Monetary policy, regulatory and financial stability focus needed to stay relevant
Material world: the enduring appeal of paper banknotes
Central banks have used space-age polymers to make banknotes for decades. So why does paper remain predominant in banknote production?
Book notes: Imagining the Fed, by Nicolas Thompson
Worthwhile take on institution’s evolution – shame that examination isn’t longer and broader
Book notes: Shutdown, by Adam Tooze
Useful overview, showing intimate intertwining of geopolitics with health and economic policies
Book notes: Cogs and monsters, by Diane Coyle
Coyle brings much-needed nuance to the debate over the shortcomings of economics
Book notes: Mission economy, by Mariana Mazzucato
Although worth reading, the book doesn’t offer as many answers as it could when it comes to reimagining the capitalist system
