News
Thailand forges ahead with virtual banking
BoT to accept applications to open virtual banks from March 20
Has mobile money achieved what retail CBDCs aspire to?
Central Banking Spring Meetings: Fintech panellists discuss financial inclusion and bank casualties
Egyptian MPC raises rates and devalues currency
Moves after UAE's $35 billion investment make IMF deal more likely
Bosnia’s reserves rebound after asset reshuffle
Central bank’s vice-governor cautions against premature rate cuts in face of geopolitical risks
Trial opens in Vietnam over alleged multi-billion dollar fraud
Accused include real estate tycoon and 15 former central bank officials
Fight against money laundering must continue, Somali official says
Somali central bank aims to enhance transparency over financial flows, says deputy governor
ECB warns Hungarian law could harm central bank’s independence
Bid to expand executive board powers comes amid growing rift between governor and prime minister
Dallas Fed chief says pace of QT may need to slow down
Lorie Logan argues US central bank should take more measured approach to normalising balance sheet
Natural rate is rising in US and eurozone, BIS study finds
Research adds to debate on metric but warns it is “blurry guidepost” for monetary policy
China sets 5% growth target
Economists question whether government can achieve GDP goal, given weakness in economy
Irish central bank says payments strategy needs drastic change
Deputy governor says sector is slow to change and backs draft “access to cash” law
BoE has ‘more to do’ after compliance breaches
UK audit office says more than 40% of staff still did not feel free to raise concerns in 2023
RBA seeks citizens’ ideas for redesigned A$5 note
Bank asks Australians to submit proposals for theme reflecting indigenous cultures
RBNZ to impose cyber reporting rules on financial institutions
From April 8, New Zealand’s banks will need to disclose major cyber incidents within 72 hours
PBoC pledges to improve visitors’ payment experience
China’s central bank tells firms to make mobile and card payments easier for foreign nationals
SNB head Thomas Jordan announces retirement
Board chair praises Swiss central banker for leadership in crises and record of change
Standardised FRTB leaves banks befuddled on residual risk
Benchmarking exercises find “weak consensus” among banks over notional values for exotics
Nigerian central bank hikes rates after long delay
Governor’s first MPC meeting announces 400bp rise as street protests over inflation grow
Clare Lombardelli appointed BoE deputy governor
OECD chief economist will take over UK central bank’s monetary policy portfolio
CMU should drive green and digital transitions, says BdF governor
Villeroy de Galhau calls for capital markets union to adopt “higher purpose”
Campaigners call on BoE to make collateral rules greener
Report says bank’s use of fossil fuel assets as collateral is adding to climate risks
Hong Kong eases homebuying curbs to support real estate market
HKMA relaxes mortgage rules and government removes cooling measures
Bank of Israel holds rate amid uncertainty over war
Governor notes falling inflation but says proposed military spending could fuel pressures
New Zealand central bank holds policy rate
RBNZ says inflation risks have become “more balanced”