Ricardo's threads | Nothing contributes so much to the prosperity and happiness of a country as high profits

A comparative review of worldwide on-site banking supervision trends through the lens of IMF/World Bank FSAP

10/08/2025 European Central Bank Central banks

The IMF working paper, “Good Supervision: lessons from the field,” examines the effectiveness of On-site Inspections (OSIs) as a supervisory tool in advanced economies (AEs), drawing insights from 60 Basel Core Principles (BCPs) assessments conducted between 2012 and June 2023. Despite their critical role in ensuring financial stability, OSIs are identified as the second-largest weakness among supervisory techniques in AEs.

Trump Suggests Furloughed Federal Workers May Not Receive Back Pay After Shutdown

10/07/2025 New York Times USA

Union leaders and Democratic lawmakers say the move would run afoul of a law adopted under President Trump’s first term.

Carney and Trump: A Collision Avoided, Save for a Nasty Comment or Two

10/07/2025 New York Times USA

The Canadian prime minister came to Washington determined to take the heat out of the relationship. He mostly succeeded, at least for now.

Global Trade Growth to Slow Sharply Next Year, W.T.O. Says

10/07/2025 New York Times USA

The World Trade Organization said trade growth had proved more resilient in 2025 than expected, but would slow next year as result of President Trump’s tariffs.

Can Labour’s plan to fund deprived communities see off Reform? What the evidence shows

10/07/2025 The Conversation UK

Sonicpuss/ShutterstockMore than a year after the UK government abandoned the phrase “levelling up”, it has now launched a fresh strategy to distribute funding to disadvantaged communities. The promise to these deprived areas is three-pronged: investment in community facilities, enhancing public spaces like parks, and revitalising town centres and high streets.

As long as the cybercriminals’ business model works, companies are vulnerable to attack

10/07/2025 The Conversation UK

Tero Vesalainen/ShutterstockWhen cybercriminals targeted the UK nursery chain Kido, it represented a disturbing new low for the hackers. They allegedly threatened to expose personal data about young children and their families, shocking parents and cybersecurity experts alike.

Foreign Currency Reserves 2025 – Market Notice 7 October 2025

10/07/2025 Bank of England Central banks

Not for distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan or any other jurisdiction where it is unlawful to distribute this announcement.

Minutes: CBDC Academic Advisory Group - June 2025

10/07/2025 Bank of England Central banks

Meeting of the CBDC Academic Advisory Group

More young adults are living with their parents than previous generations did

10/07/2025 The Conversation USA

Welcome back: The number of young adults living with their parents has risen by 1.5 million over the past decade. Maskot/DigitalVision via GettyImagesA potentially worrisome trend is emerging among young adults. Instead of landing a job and moving to the big city after graduation, many are moving back into their childhood homes instead.

The slope of the euro area price Phillips curve: evidence from regional data

10/07/2025 European Central Bank Central banks

This paper contributes to the literature on the price Phillips curve by exploiting subnational regional data from 11 euro area countries. Beyond controlling for aggregate fluctuations common across euro area regions, our approach accounts for country-specific dynamics, including national inflation expectations, thereby addressing key limitations in previous studies. Our results suggest that the Phillips curve in the euro area is relatively flat, but statistically significant.

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