Financial Stability
St Louis Fed's Central Banker, Spring 2005
The St. Louis Fed's Central Banker magazine for Spring 2005 has been published. The latest edition contains an article which reports that for the first time in history, Americans are favouring electronic payments in greater dollar amounts than checking…
ECB's E-payments in Europe conference summary
The European Central Bank held a conference on "E-payments without frontiers" on 10 November 2004. A detailed summary of the event was published by the ECB on Tuesday 15 March, together with documentation of the individual presentations by speakers.
RBI constitutes payment systems Board
The Reserve Bank of India said on Thursday 10 March that it has constituted a Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) as a Committee of its Central Board.
Bank of France cuts growth forecast
The Bank of France has lowered its first quarter growth forecast for the French economy by 0.1 points to 0.4%.
RBA's Lowe on reform of the payments system
In a speech on 'Reform of the payments system' given on 2 March, Philip Lowe of the Reserve Bank of Australia said the reform process has been going on for a number of years and we are not yet at the end of the road.
RTGS & hybrid payment systems: a comparison
This Bank of England Working Paper published on Tuesday 1 March contrasts Real-Time Gross Settlement and hybrid payment systems that are based on payment offset, using a two-period, multi-bank model. It finds that hybrid payment systems outperform RTGS…
Zimbabwe plans new currency next year
Zimbabwe will introduce a new currency next year, phasing out bank notes introduced two years ago as a stop-gap measure to ease critical cash shortages across the country, a government daily reported on Wednesday.
Museum of Australian currency notes
The Reserve Bank of Australia has opened from 1 March a Museum of Australian Currency Notes on the ground floor of its Head Office in Sydney.
Report on payment systems in accession countries
The European Central Bank published the latest addendum to the report entitled "Payment and securities settlement systems in the accession countries" (second edition) on Monday 28 February.
Interview: Seung Park
The governor of the Bank of Korea discusses reserve management, central bank independence and closer cooperation in East Asia in conversation with Robert Pringle.
A framework for financial stability
Five questions must be answered by those looking for a way to formulate policy in financial stability, says Andrew Haldane.
Lessons learned from outsourcing at Norges Bank
Can a central bank outsource IT services that are systemically important? Semming Austin recounts the approach taken by Norges Bank.
IT systems in smaller central banks
Central bank IT cannot stand still, but limited resources mean smaller institutions must plan carefully, says Terry Beadle.
Central banking on the move
Michael Yorke and Jeff Klein describe how advances in mobile computing can meet the needs of today’s central banks.
Central banking joins the internet age
The internet provides opportunities – but also risks – for central bank services. The authors explain how the Bank of Japan moved over to the net.
Effective IT with limited resources
IT departments in small central banks face particular challenges in providing services. Jennifer Greaves sets out how they can be met.
Iraq’s central bank: in search of a raison d’être
Iraq’s underdeveloped financial markets make it impossible for the central bank to fulfil its mandate argue Matt Sekerke and Steve H. Hanke.
Indonesia, Malaysia launch joint ATM network
Against the setting of an increasing number of Indonesian workers, tourists and students in Malaysia, the two nations have launched a joint Automatic Teller Machine (ATM) network, Xinhua reports.
China to restrict use of RMB image on internet
Anyone who wants to use images of Chinese currency (RMB) on the internet will have to get approval from the People's Bank of China, or otherwise will face fines of up to 30,000 yuan (3,627 US dollars), a draft regulation said.
Vietnam extends electronic payment infrastructure
Vietnam's central bank officially granted credit card giant Visa International a licence to set up a representative office in the country on Wednesday 16 February.
Korea's banknotes set for new look
Korea's banknotes are to get a radical overhaul to curb rising forgery. The Bank of Korea said Monday 14 February it plans to incorporate high-tech features in the new notes, including holograms.
Bank of Spain to implement business process system
TIBCO Software Inc. announced Thursday that the Central Bank of Spain, Banco de Espana, has chosen TIBCO to serve as its core provider for the automation of its business processes.
Zambia withdraws fading plastic bank notes
Zambia's central bank told commercial banks and financial institutions on Wednesday to withdraw from circulation plastic bank notes printed in 2003 because they are fading.