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Task force calls on Fed to upgrade settlement system
Faster payments task force urges Fed to expand settlement service to all hours
China-led Asian Financial Cooperation Association launches
AFCA aims to strengthen regional financial co-operation and participate in global financial governance
Fintech not an ‘immediate threat’ to monetary policy – paper
Research from the Bank of Canada explores the impact fintech could have on central banks’ responsibilities
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
BoE’s Brazier warns lenders of ‘spiral of complacency’
IMF research flags technology’s role in falling labour share of income
Singapore’s inflation sees sudden drop in June
BNM governor warns global bodies against ‘one-pill-cures-all’ mindset
RBNZ pushes back on IMF financial assessment
Fiscal challenges a worry for Trinidad and Tobago – report