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Bank Policy Institute
Trends
- 1ECB in Focus as File Photo Circulates in News Reports▼FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt
A file photograph showing the European Central Bank logo outside its headquarters in Frankfurt is being used in news coverage, keeping the institution in headlines. No specific announcement, policy decision or statement is attached to the image. Readers are likely encountering it alongside broader reporting on eurozone monetary policy, interest rates or banking sector developments involving the ECB.
- 2Banks Can Count on the Discount Window if Regulators Allow It▼Banks Can Count on the Discount Window … if Regulators Will Let Them
The Bank Policy Institute argues that banks should be able to rely on the Federal Reserve's discount window as a liquidity backstop, but only if regulators make it easier for them to use. The industry group's piece renews debate over whether supervisory barriers and stigma still discourage healthy banks from borrowing at the window in times of stress.
- 3ECB Begins Search for Schnabel's Successor▼ECB Seeks Schnabel Successor in First Move to Post-Lagarde Era
The European Central Bank has started looking for a replacement for Isabel Schnabel, widely seen as the first move in shaping the institution's leadership beyond Christine Lagarde's tenure. Schnabel, the ECB's influential executive board member, has been a key voice on monetary policy. The search signals early manoeuvring over the bank's future direction as attention turns to who will fill senior roles next.
- 4Swiss central bank warns stablecoins could hinder monetary policy●Stablecoins could hinder monetary policy: Swiss central bank
The Swiss National Bank has warned that the growing use of stablecoins could hinder the effectiveness of its monetary policy. According to the central bank, widespread adoption of privately issued digital currencies pegged to fiat money could weaken its control over money supply and interest rates. The statement adds the Swiss institution to a growing list of regulators and central banks voicing concern over stablecoins' impact on financial stability.
- 5Think Tank Urges Loans, Not Treasuries, Back Discount Window Capacity●Replacing Reserve Balances: Loans, Not Treasuries, Should Back Banks’ Discount Window Capacity
The Bank Policy Institute argues that banks' discount window collateral capacity should be backed by loans rather than Treasury securities, in a proposal addressing how reserve balances could be replaced in the US banking system. The argument touches on ongoing debates over banks' preparedness to borrow from the Federal Reserve's discount window, which drew scrutiny after the 2023 regional bank failures.