ECBPaper
Retail sentiment predicts next-day equity prices during downturns
An ECB working paper introduces the Reddit Retail Investor Sentiment Indicator, built from 8.5 million social media posts between 2015 and 2026.
AI Paper Curation
BISPaper
LLMs detect 79 capital rule divergences in G-SIB AT1 prospectuses
A Bank for International Settlements study presents a large language model screening procedure to identify divergences between bank prospectuses and regulatory capital rules.
BISPaper
Lower reserve requirements delay wholesale settlements
Reductions in reserve requirements prompt financial institutions to shift large-value payment settlements toward later hours of the day.
SNBPaper
Centuries-old monetary debates shape crypto and CBDC architectures
A Swiss National Bank working paper maps digital tokens, including cryptocurrencies, CBDCs, and stablecoins, onto three historical monetary controversies.
CBRPaper
Retail brokerage deposits hit record 1.1 trillion rubles in Q2
Retail investors deposited a record 1.1 trillion rubles into Russian brokerage accounts in the second quarter of 2026.
ECBPaper
ECBPaper
Random forests reveal non-linear tail risks in bank stress tests
A machine learning framework using random forests improves corporate default predictions and reveals non-linear tail risks across European banks.
FEDPaper
VIX and term spread drive shifts in conditional pricing kernel
Federal Reserve Board research introduces a semi-nonparametric framework to estimate forward-looking conditional pricing kernels using index options.
BISPaper
Liquidity rules reshape bank reserve demand rather than raise it
A Bank for International Settlements study finds that post-crisis liquidity rules and market frictions reshape central bank reserve demand rather than shifting it outward.
CBRPaper
Insurance premiums rise as profits drop
Russian insurance premiums expanded 14.4 percent year-on-year to 2 trillion rubles in the first half of 2026, driven by endowment life policies.
SARBPaper
Supplier concentration elevates systemic risks in financial sector
Severe supplier concentration and weak governance undermine third-party risk management across South African financial institutions, a Prudential Authority review found.
BOJPaper
Generative AI adoption tops 90 percent among Japanese banks
A Bank of Japan survey shows that 79.3 percent of Japanese financial institutions actively use generative AI, rising to over 90 percent when trials are included.