Financial Stability
PBOC vows to promote e-banking
CHINA - A senior official of China's central bank said on Apr 7, 2001 that the central bank is adopting active measures to support the development electronic banking.
BiH payment systems working well-cbank governor
BOSNIA AND HERZEGOVINA - The new payments system in Bosnia and Herzegovina, which has been in effect for three months, is working well, said Bosnia's central bank governor Peter Nicholl on Apr 5.
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.
ECB MoU on payment systems and supervision
CENTRAL BANK REPORT - The European Central Bank issued a Memorandum of Understanding (MoU) on Apr 2, 2001 describing the specific arrangements for co-operation and information sharing between EU payment system overseers and banking supervisors in…
New payment systems need cbank monitoring-ECB
SPEECH - New cross-border payments initiatives need to be closely monitored by central banks to ensure they are as safe and solid as dealing direct with central banks, a European Central Bank board member said on Apr 2, 2001.
BoC annouces monetary operations changes
CANADA - The Bank of Canada is changing two of its operational procedures relating to the Large Value Transfer System, effective Apr 2, 2001.
G10 payment systems 1999 statistics-BIS report
BIS REPORT - The Committee on Payment and Settlement Systems at the Bank for International Settlements has published "Statistics on Payment Systems in the Group of Ten Countries: Figures for 1999". This is an annual publication that provides data on…
Credit-card reform goes to the RBA
AUSTRALIA - On Mar 20, 2001, the Australian competition regulator handed the job of reforming Australia's credit-card system to Australia's central bank.
Price stability remit for Croatian Cbank
Croatia's parliment is to debate a new central bank law to reform the payment system and give the central bank more independence.
Settlement failures triple in Feb bond trading-BoJ
The Bank of Japan found 296 cases of settlement failure in Japanese government bond trading in February, the central bank said on Mar 14, 2001.
Dutch cbank and Euronext offer real time DvP
The Nederlandsche Bank, the Dutch central bank, and Euronext Amsterdam are to offer real-time DvP from Mar 19, 2001, the central bank has announced.
Vietnam cbank launches electronic payment system
The State Bank of Vietnam (SBV) has completed the technical side of its US$13.2 million inter-bank payment project funded by the World Bank-funded, SBV Governor Le Duc Thuy announced.
Efficient payments in the euro area-Wellink speech
Opening address by Dr A.H.E.M. Wellink, President of De Nederlandsche Bank NV, on the occasion of the "5th conference on pan-European cash & treasury management", held in Amsterdam on Mar 6 2001.
Emoney and central banking- International Finance
The academic journal International Finance edited by Benn Steil has a special feature about whether information technology and electronic money will mean the end of central banking. Authors include Charles Goodhart and Michael Woodford. Also in the issue…
Information technology and central banking-papers
Bank of Japan and EMEAP held a high-level workshop on development of information technology and central banking from October 2-3, 2000. As well as looking at the impact of IT on the economy as a whole, the executive director of the Bank of Japan,…
US think-tank to study cross-border settlement
The Group of Thirty, the private Washington-based think-tank, is to undertake a new study of securities clearing and settlement arrangements in global capital markets, with a particular emphasis on cross-border activity.
Venezuelan cbank to introduce interbank ref rates
The Central Bank of Venezuela is planning to introduce a new electronic interbank trading system that should result in the creation of interbank rates of reference and greater efficiencies in interbank lending.
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…