FMI
Korean payment system to operate in Vietnam
The Korea Financial Telecommunications and Clearings Institute (KFIC) said on Feb 28 it will hold a ceremony on Mar 6 to mark the operation of a Korean-designed inter-bank payment system that was recently installed at the State Bank of Vietnam.
Card-based payment systems in US and Japan-IMES
Ronald J. Mann, a visiting scholar at the Bank of Japan, has written a paper entitled "Card-based payment systems in the United States and Japan". He explains why credit and debit cards have so far proved unsuccessful in Japan compared to the US, and…
Technological Innovation and Banking Industry-BoJ
The Institute for Monetary and Economic Studies at the Bank of Japan has published a final report based on a forum the bank held in Dec 1997 on "Technological Innovation and Banking Industry/Monetary Policy". The report looks at the development of…
E-banking conference to be held in Philippines
Philippine government officials, bankers, businessmen, academics, and other observers of the Philippine economy will tackle the challenges and opportunities of electronic banking at a conference being held by the Philippines central bank.
Clearstream to refute Secret-Acts charges
Luxembourg's central bank said Feb 26, 2001 that clearing and settlement group Clearstream has given assurances to the authorities here it will "take steps to refute allegations" that it set up thousands of secret accounts for its clients, including…
Central bankers discuss e-commerce at NY Fed
International central bankers on Feb 23, 2001 discussed how greater use of the Internet might affect monetary policy but said no definitive conclusions had been reached
MAS chair quizzed on currency, emoney, regulation
Lee Hsein Loong, Singapore's Deputy Prime Minister and Chairman of the Board of the Monetary Authgirty of Singapore, answers parliamentary questions about whether there will be a devaluation of the Singapore dollar, about introducting electronic payment…
ECB updates operational conditions for pay systems
On 20 February 2001, the Governing Council of the ECB updated the operational conditions for the use of eligible securities settlement systems (SSSs) in the settlement of collateral for Eurosystem credit operations.
CPSS revises glossary of payment system terms
A revised version of the CPSS / BIS publication "A glossary of terms used in payment and settlement systems" is now available for download on the BIS website.
Vietnam,Russia look to bilateral payment mechanism
Risks encountered by Vietnam's businesses in trading with Russian partners will likely be removed if talks between the visiting Russian banking delegation with their Vietnamese counterparts bear fruit.
ECB- Cross border use of collateral: users survey
The European Central Bank (ECB) on Feb 19 published a report presenting the results of a survey on the cross-border use of collateral.
Yugo cbank gets more control with new payment plan
Yugoslavia's central bank said on Feb 16, 2001 its proposal to re-establish foreign currency payments between Serbia and parts of Yugoslavia not using the dinar would allow it to regain control over money transfers countrywide. "Payments will be made…
Bulgaria's BNB in dispute with Mileti Mladenov
The Bulgarian National Bank and the Deposit Guarantee Fund got involved in a strange dispute when the draft law on bank insolvency was discussed by the parliamentary legal committee. The reason for the dispute was that Mileti Mladenov, head of the Fund,…
Ferguson speech-US undergoing inventory adjustment
The U.S. economy "is clearly undergoing a stock adjustment" to reconcile the supply and demand of capital goods, Federal Reserve Vice Chairman Roger Ferguson said on Feb 14 at a speech at Vanderbilt University. Ferguson said it is unclear how long the…
Peter Nicholl - Success of Bosnia payment system
BiH Central Bank Governor writes about the successful introduction of new payments system in Bosnia and Herzegovina. He says it is the result of teamwork Vice Governor Kemal Kozaric. He said that it was an historical day for BH. Foreign currency reserves…
Mains points of CBBH strategic plan for 2001
The Central Bank of Bosnia & Herzegovina publish a monthly newsletter about activities and news at the central bank. Below is one of the articles which summarises the mains points of CBBH strategic plan for 2001.
ECB slams banks over cross-border payment charges
The European Central Bank on Feb. 8, 2001 accused commercial banks of persistently overcharging retail customers for cross-border payments and said it may have to step in unless fees are cut substantially this year. The ECB said in its February report…
Suranyi cites record of six years of econ growth
In his farewell speech on Feb. 8, 2001 National Bank of Hungary (NBH) president Gyorgy Suranyi emphasized the sustainable growth achieved in Hungary since 1996. Speaking at a press conference in Budapest, Mr Suranyi, whose term expires on March 1,…
Burst IT-bubble temporary setback - Swedish c.bank
The information technology revolution will continue - despite the collapse of many IT stocks in 2000 - with unforseeable consequences for future economic policy, Sweden's central bank said on Feb 7, 2001. Riksbank governor Urban Backstrom made it clear…
Philippines 1st e-Bank gets go-ahead for e-banking
The Philippines central bank has formally confirmed 1st e-Bank's authority to continue providing electronic banking services via its present cellphone banking system and soon a proposed Internet banking system, 1st e-Bank said in a statement. The BSP…
Cash launch to boost public support for euro-Noyer
European Central Bank Vice President Christian Noyer said on Feb. 2 that public support of the single currency would grow with the introduction of euro notes and coins from January 1, 2002. Echoing earlier comments from other ECB officials, Noyer said it…
International Bank Insolvencies: cbank perspective
Problems in the banking sector of some economies, including bank insolvencies, pose numerous challenges to policy makers, lawyers and regulators among others. Central bank lawyers are the target audience for this book. It is co-edited by Gregor Heinrich…
Speech: Pedro Solbes at Euroclear Euro Conference
Pedro Solbes, the Member of the EU Commission Economic and Monetary Affairs, gives a speech to the Euroclear conference titled 'Preparation for the euro cash changeover: state of play and tasks ahead'.