Financial Stability
Credit card advantages overlooked, RBA told
AUSTRALIA - Two leading banking industry consultants have criticised planned reforms of Australia's credit card industry.
Bulgarian c bank launch redesigned website 15 Mar
BULGARIA - Bulgarian Central Bank (BNB) will launch its redesigned website on 15 March.
Colombia central bank launches new COP1,000 bill
COLOMBIA - Colombia's central bank on Tuesday launched a new 1,000 peso bill ($1=2271.50) to complement the coins of that denomination in circulation already.
Banks shun online sales pitch
UK - Britain's banks and building societies are turning away from the web in their search for new customers.
Federal Reserve Board Currency and Coin
REPORT - Payment Systems, 2001 data for currency and coin, 28 February.
HKMA Press Release
PRESS RELEASE - Real Time Gross Settlement (RTGS) Systems in Hong Kong and Reuters Dealing 3000.
Fake note scam hits 50 shops
IRELAND - Forged euro notes were handed in to 50 Irish businesses last week, it emerged yesterday.
CBA hits Reserve, playing "social policy" on cards
AUSTRALIA - On Thursday Commonwealth Bank of Australia (CBA) attacked the Reserve Bank over its proposed credit card reforms.
Russia finishes real-time payment system
RUSSIA - According to Tatyana Paramonova, first deputy chairwoman of the Central Bank of Russia, the real-time payment system is 80% complete in Russia.
BOK to introduce cyber credit card in October
SOUTH KOREA - The Bank of Korea (BOK) is moving to introduce an online cyber credit card which will be available in October this year.
France bids tearless farewell to franc
FEATURE - After 650 years of history, the franc disappears this weekend with about as much ceremony as the muttered address at the funeral of a forgotten relative.
Crucial factors for online banking
MALAYSIA - In order to provide Internet or online banking, banks operating in Malaysia are required by Bank Negara (BNM) to employ the services of a well mandated or a trusted security system.
Speech by Jurgen Stark of the Bundesbank, 13 Feb
SPEECH - The speech was given on the presentation of the report "IT innovations and financing patterns: Implications for the financial system". The report was prepared by a Working Group of the Committee on the Global Financial System (CGFS) composed of…
Vietnam c bank governor has no bank account-media
VIETNAM - Vietnam's central bank Governor Le Duc Thuy, who is leading a campaign to reduce the country's reliance on cash transactions, has admitted he does not have a credit card, or a personal bank account.
Australian Reserve Bank's credit-card plan slated
AUSTRALIA - MasterCard said it will consider scaling back its Australian operations if the central bank proceeds with its plan to cut credit-card fees and open the credit-card system to new participants.
Gay online bank shuts down
US - The first online bank aimed at the gay and lesbian community in the US is to close after admitting it could not make a profit in the current economic climate.
Speech by Villy Bergstrom of the Sveriges Riksbank
SPEECH - In the speech given 11 February Bergstrom said capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises.
UAE mint coin for university silver anniversary
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
New anti-fraud cards on the way
UK - New measures to counter credit and debit card fraud have been unveiled by the UK's banking industry.
Punt passes away quietly
IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.
Bank may put printing pounds in private hands
UK - Private sector operators may be given the chance to print money under proposals by the Bank of England to jettison its banknote operations.
Credit card clean-up in Australia
AUSTRALIA - The Reserve Bank of Australia is poised to make sweeping changes to credit card regulations in 2002. Should it prohibit the banks' interchange fee structure, as has already been flagged, Australia's banks will lose a collective $A400 million…
Research by the Fed Bank of Minneapolis
RESEARCH - From The Region, December 2001 published by the Federal Reserve Bank of Minneapolis. The Federal Reserve and Electronic Payments. What do considerations of principle, experience and reputation tell us? By Gary H. Stern, President.
Speech by Dr Wellink of the Nederlandsche Bank
SPEECH - Speech by Dr. A.H.E.M. Wellink on the occasion of a symposium of the Banque de France on ' New Technologies and Monetary Policy, 30 November 2001.