BDF
Paper
Four factors explain France's persistently high saving ratio
A Banque de France research bulletin identifies four key factors contributing to France's historically high saving ratio since the end of the pandemic.
AI Paper Curation
FED
Paper
Global financial risk slows emerging market productivity growth
A Federal Reserve paper finds that global financial risk, specifically U.S. monetary policy uncertainty, significantly lowers long-run productivity growth in emerging markets.
BIS
Paper
Legislative reform essential for banking union resolution efficiency
A new Occasional Paper from the Bank for International Settlements identifies significant complexity in the European banking union's resolution framework.
BDF
Paper
Monetary policy operations drive euro area TARGET balance fluctuations
A Banque de France article quantifies the impact of monetary policy operations on euro area TARGET balances since the euro's introduction.
SARB
Paper
Macroprudential policy stabilizes EM banks against geopolitical risk
A South African Reserve Bank paper calibrates a DSGE model for emerging economies, showing that geopolitical risk shocks depreciate exchange rates, are inflationary, and harm bank balance sheets.
BDF
Paper
SSM
Paper
Euro area banks resilient to severe downturn, ECB stress test finds
ECB Banking Supervision concluded its 2025 solvency stress test for 51 significant euro area institutions, finding the sector resilient against a severe but plausible economic downturn.
FCA
Paper
FCA proposes enhanced reporting for operational incidents and third parties
The Financial Conduct Authority (FCA) has published a consultation paper proposing new rules for reporting operational incidents and third-party arrangements.
BOE
Paper
BoE sets operational resilience expectations for payment system operators
The Bank of England has published a Supervisory Statement detailing its expectations for operational resilience among recognised payment system operators and specified service providers.
BOE
Paper
Bank of England sets operational resilience standards for CSDs
The Bank of England has issued a Supervisory Statement outlining its approach to operational resilience for central securities depositories (CSDs).
BDI
Paper
Macroeconomic shocks drive US term premium fluctuations
A Banca d'Italia working paper analyzes the macroeconomic drivers of the US ten-year term premium.
BDI
Paper
Public funding fuels US innovation and economic growth
A Banca d'Italia working paper finds that government-funded but privately-owned patents explain roughly 20 percent of medium-term fluctuations in US productivity and GDP growth.