Central Banking

Korea's KFTC-BoK assistant governor new president

SOUTH KOREA - The Korea Financial Telecommunications and Clearings Institute (KFTC) selected Yoon Gye-sub, the assistant governor of the Bank of Korea (BOK), as its new director at a general meeting held on Apr 4, 2001.

Yoon, who joined the central bank in 1968, received his bachelors degree from Seoul National University and his Ph. D. from Kyunghee University.

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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