Buch: Geopolitical, cyber risks challenge banks, reform needed
Claudia Buch, Chair of the ECB Supervisory Board, discussed geopolitical and cyber risks, supervisory simplification, and private credit markets in an interview with Les Echos.
Bank of Japan Executive Director Kamiyama Kazushige outlined the future evolution of Japan's payment and settlement systems, focusing on wholesale and retail central bank digital currency (CBDC) initiatives.
Riksbank Governor Erik Thedéen encouraged banks to regularly test their operational capacity to borrow from the central bank's lending facilities.
The Bank of Canada's Governing Council maintained the policy interest rate at 2.25 percent.
ECB Executive Board Member Frank Elderson emphasized that deregulation is 'a no-go' for financial supervision, advocating instead for deeper European integration and smarter, not lighter, regulation.
Claudia Buch, Chair of the ECB Supervisory Board, discussed geopolitical and cyber risks, supervisory simplification, and private credit markets in an interview with Les Echos.
Colm Kincaid, Deputy Governor of Consumer and Investor Protection at the Central Bank of Ireland, highlighted the CBI's role in promoting financial literacy.
Banca d'Italia Deputy Director General Gian Luca Trequattrini highlighted the critical role of financial literacy in navigating an era of profound economic and technological transformation.
Reserve Bank of Australia Governor Michele Bullock told a Senate committee that the RBA has increased the cash rate to combat persistently high inflation.
Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, stated that cash and the digital euro are complementary forms of public money.
Reserve Bank of India Governor Sanjay Malhotra affirmed the 4 percent inflation target as sacrosanct and expressed confidence in India's strong economic situation.
Sveriges Riksbank Governor Erik Thedéen outlined the central bank's high threshold for future asset purchases.