Central Banks
Retail CBDCs can promote payment competition, report finds
BIS, HKMA and Bank of Israel say project found using different service providers need not harm security
Boards responsible for benchmark approval at most central banks
Over half of lower-middle income respondents favour investment committee over other methods
Book notes: The Continental dollar, by Farley Grubb
Grubb’s book brings an important new interpretation to this founding moment in US financial history
Margining added to liquidity stress after Ukraine invasion – BIS
Bulletin article examines how tool designed to promote stability can have undesirable side effects
Myanmar official says Mir payments will launch in October
Central bank leader had predicted the Russian card would start circulating last year
ECB criticises Italy’s windfall tax on banks
Central bank warns measure could hamper monetary transmission and weaken lenders
ECB nominates Bundesbank’s Buch as new head of supervision
Governing council votes for German official over Bank of Spain deputy governor
Helder Lopes becomes Timor-Leste central bank governor
Country faces bank lending challenges due to limited land registry
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator
Central banks’ average import coverage ratio falls further
Upper-middle income institutions tend to have a higher ratio
Tunisian president wants central bank to directly finance budget
Central bank governor has rejected calls for monetary financing as observers warn of growing crisis
Inflation revisions are significant, finds NY Fed research
Understanding inflation in real time poses major difficulties, researchers say
BIS paper says reform to AT1 instruments ‘may be necessary’
Actual use of contingent bonds may clash with their original purpose, authors say
Fabio Panetta to chair CPMI
Eddie Yue to lead emerging market committee, as Perry Warjiyo stays on as Asia committee chair
Reserve management staff salaries increase by almost 6% from last year
Staff in Europe remain the best paid globally
Data privacy and protection: non-negotiable supervisory equations
Manoj Singh says data protection is essential to modern finance, but throws up myriad supervisory challenges
Polish opposition accuses governor of bias over rate cut
Zloty falls after sharp rate cut as opposition accuses Glapiński of helping goverment
Barr says Fed will not issue CBDC without legislation
Supervision chief warns of danger of unregulated issuance of stablecoins
Norway’s sovereign wealth fund closes China office
Norwegian oil fund manager says its Singapore office is now the hub of its operations in Asia
Managers divided on sanctions effect on US dollar as reserve currency
Over 43% say it will weaken its status, but nearly 40% say it will not have meaningful long-term impact
Ueda says BoJ could end negative rates soon
Governor says it is “not impossible” that data will be strong enough by end of this year
Vanuatu launches new automated payments network
Island nation opens interbank rails and central securities depository
G20 promises greater funding for World Bank
US-led effort could unlock $200 billion of funding capacity, if countries follow through on pledges
West African central bank raises rates as crises continue
Authorities cite “rising uncertainties at regional level” and reduced aid after wave of coups