News Centre

BIS - Monetary Policy Announcements And Expectations: The Case Of Mexico

Date 14/06/2022

Summary

Focus

Under inflation targeting regime, the effectiveness of monetary policy depends on public understanding of central banks' decisions, since expectations are a key channel of the transmission mechanism from policy actions to the economy. Here, private sector analysts play an important role and they shape their expectations in response to central bank announcements and data releases. Thus, it is important to study how private analysts' expectations react to new data and monetary policy decisions.

BIS: Communication, Monetary Policy, And Financial Markets In Mexico

Date 14/06/2022

Summary

Focus

All modern central banks have moved to a strategy that includes better communication tools, more transparency and accountability. Associated with this trend, in the last few decades the literature has substantially increased. The recent development of intensive computational tools that can transform text into data, provides additional ways to analyse and corroborate the benefits of greater communication and central banks' sentiment. Textual analysis has become itself a source of information and feedback for central banks.

BIS - Forward Guidance And Expectation Formation: A Narrative Approach

Date 14/06/2022

Summary

Focus

Forward guidance is a central bank statement that provides direct information about the probable state of monetary policy in the future. Its purpose is to influence interest rate expectations. But how exactly does it do so? This is not yet fully understood.

EBA Publishes Guidelines On Role And Responsibilities Of The AML/CFT Compliance Officer

Date 14/06/2022

The European Banking Authority (EBA) today published its Guidelines specifying the role and responsibilities of the anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officer and of the management body of credit or financial institutions. These Guidelines aim to ensure a common interpretation and adequate implementation of AML/CFT internal governance arrangements across the EU in line with the requirements of the EU Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (ML/FT). 

SEC Charges Weiss Asset Management With Short Selling Violations

Date 14/06/2022

The Securities and Exchange Commission today announced that investment advisory firm Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges that it violated the federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those same stocks.

BIS: Monetary Policy Press Releases: An International Comparison

Date 14/06/2022

Summary

Focus

Central banks around the world distribute press releases detailing their monetary policy decisions. Central banks also include in those publications rationalizations for the policy choices and information about the central bank's economic projections. These documents may help guide the evolution of the policy rates by examining the discussions about future economic conditions.

Wilshire Announces New Chief Technology Officer

Date 14/06/2022

Wilshire, is pleased to announce the arrival of Lawrence Miller as Chief Technology Officer and a member of the Executive Committee.  As Chief Technology Officer, he will have oversight responsibility for all development and engineering efforts throughout Wilshire.

BIS: Effects Of Banco de la Republica's Communication On The Yield Curve

Date 14/06/2022

Summary

Focus

Communication is nowadays an essential instrument in the conduct of monetary policy. Consequently, central banks are interested in assessing their communications strategies in order to determine whether or not information is disseminated with clarity and in such a way that they contribute to the effectiveness of monetary policy.

The Africa Financial Industry Summit-AFIS Will Hold Its First In-Person Event In Lomé November 28-29, 2022

Date 14/06/2022

• Founded in 2021 by Jeune Afrique Media Group and the AFRICA CEO FORUM, the AFRICA FINANCIAL INDUSTRY SUMMIT-AFIS will be held in Lomé, Togo, November 28-29, 2022 for its first in-person gathering. 
• The AFRICA FINANCIAL INDUSTRY SUMMIT-AFIS will bring together more than 600 participants, including the most prominent leaders in banking, insurance, fintech and capital markets, as well as key policy makers.
• The AFRICA FINANCIAL INDUSTRY SUMMIT-AFIS supports the African financial sector to improve financial inclusion and grow as a truly pan-African financial services industry. The upcoming AFRICA FINANCIAL INDUSTRY SUMMIT-AFIS is organised in partnership with the International Finance Corporation (IFC), the World Bank Group's private sector organisation, the Republic of Togo, Ecobank and Deloitte. 

Royal Bank Of Canada (RBC) And Envestnet Data And Analytics Announce Agreement To Provide Clients With Greater Control Over Their Financial Data - For The First Time, More Than 14 Million RBC Clients Have Direct Connection To Envestnet | Yodlee’s 1,500+ Apps And Services

Date 14/06/2022

RBC is pleased to announce a data access agreement with Envestnet | Yodlee, a leading data aggregation and analytics platform, to address the needs of an increasingly digital customer base. The agreement allows RBC clients to better manage their finances and build wealth by connecting to and sharing their RBC financial information with more than 1,500 third-party applications powered by the Envestnet | Yodlee platform.