For a central banker, nothing beats a (non) decision on interest rates as a way to bury some bad news. Amid the excitement of last week’s meeting of the European Central Bank (ECB), the regulator slipped out some unwelcome changes to its rule-book: banks will no longer be able to use some senior unsecured bonds as collateral when getting funding ...

Ever since the financial crisis, the European Union has grappled with how to solve the so-called sovereign bank doom loop — the phenomenon whereby weak banks can destabilize governments that support them and over-indebted governments can push banks holding their bonds over the precipice. The widely touted solution is the European Banking Union, which the European Commission wants completed by ...

Bloomberg Central bankers around the world have set up or are creating departments to embrace big data in the quest for deeper insight into the economies they manage. “Isaac Asimov once said, ‘I do not fear computers. I fear the lack of them,’” David Hardoon, chief data officer at the Monetary Authority of Singapore, said in a recent speech. “We ...