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Tensions rise as EU payments deadline nears
Many are concerned by potential flaws in Europe's revised payment services directive
Ukrainian central bank bars PwC from further audits
NBU says firm verified “misrepresented information”, but PwC denies charge
Russian prosecutor clashes with central bank
Bank of Russia must take commercial bank out of administration, prosecutor says
Quotes
As internet access increases and encryption technology improves, digital currencies have the capacity to reduce operating costs, increase efficiency and enable a wide range of new applications
Fan Yifei, PBoC deputy governor
I have always strived to maintain the appropriate balance between transparency and confidentiality, but I regret that in this instance I crossed the line to confirming information that should have remained confidential
Jeffrey Lacker, former president, Federal Reserve Bank of Richmond
Market discipline is done away with by interventions by the ECB. So there is no fiscal control mechanism from markets or politics. This has all the elements to bring disaster for monetary union
Otmar Issing, founding executive board member, European Central Bank
If the Americans do not implement the Basel III framework, we Europeans will certainly not introduce the new rules unilaterally – and the whole world will suffer the consequences
Andreas Dombret, member of the executive board, Deutsche Bundesbank
Editor's choice
St Louis’s Bullard on the future of the Fed and its monetary policy record
President James Bullard says Fed monetary policy was a “factor” that fuelled crisis
Trendlines
Latest issue
Comment
Draghi, quo vadis?
BoJ faces growing communications challenge
Fixing the ‘perverse incentives’ in the SLR
Our Take
Are central banks allowing markets to get a bad name?
Tackling the ‘human agency’ problem
Basel action needed before ‘regulatory cycle’ turns
Inflation expectations down in ECB forecaster survey
BoE economists issue ‘call to arms’ for macro-prudential research
Mozambique central bank praised for monetary framework overhaul
BoE paper warns escape from secular stagnation may ‘beggar thy self’
FCA threatens further action against firms “misleading” customers
Non-banks drive rebound in cross-border banking – BIS