New York Fed to establish ‘innovation centre’

Central Banking Newsdesk
18 Jan 2021

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The Federal Reserve Bank of New York is establishing an ‘innovation centre’ to be responsible for collaborating with the Bank for International Settlement’s innovation hubs.

In a statement on January 11, the New York Fed announced it was looking for a director to lead its new centre. Recruitment firm Heidrick and Struggles has been asked to find suitable candidates.

NY Fed president John Williams said the centre would “leverage” the Fed’s expertise and connections “to deepen the central

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