Central Banks
Fed looks to boost competition in debit card payments
New rule will support legal right to at least two payments options for merchants
Bank of Canada to become default payments regulator
Central bank will oversee any company not already regulated under proposed law
Israeli reserves reach new record high
Foreign currency purchases to offset shekel’s strength boost portfolio to $194 billion
Dollar’s share of global reserves falls to 25-year low
Gradual decline may stem from currency diversification by emerging market central banks - IMF report
BoE’s Nelson warns against ‘rigid’ approach to op risk
Firms may fear the “wrath” of regulators, but rules should not offer guarantees, says official
Turkish central bank again holds rates despite rising prices
CBRT says it will hold policy rate at 19% until it sees significant fall in inflationary pressures
Fed clarifies account access rules for fintech firms
Proposals address growing number of firms seeking access to the central bank’s balance sheet
Iranian prosecutors indict former governor
Seif charged with “wasting” reserves in case that some argue is politically motivated
BoE forecasts 7.25% UK growth in 2021
Bailey warns downside risks to the outlook remain
Brazilian central bank hikes rates as inflation rises
Board says it is likely to announce another rate hike in June but says inflationary shocks are temporary
UAE’s central bank connects RTGS system to Swift tool
New initiative allows participants to monitor progress of transactions in real time
Yellen unsettles markets with rate rise comments
Treasury secretary’s offhand comment about raising interest rates leads to stock selloff
Ukraine’s MPC minutes show worries over inflation and war
Some MPC members warn NBU may have to continue tightening rates as pressures mount
Lights. Camera. Reverse repo: Fed to be dramatised in TV series
Warner Brothers Television developing “The Fed” drama series for IMDb TV
Armenia central bank raises policy rate 50bp
Inflation forces rate hike, matching moves by other former Soviet republics
Chilean central bank measures country’s carbon footprint
Study aims to create methodology to assess emissions and develop plan to cut footprint
People: US set to name OCC chief; IMF’s Werner to retire
New deputy governor appointed in India; former Ecuadorian general manager dies; and more
RBI steps in with liquidity amid worsening Covid outbreak
Central bank “stands in battle readiness”, governor says, as virus death toll climbs
Implementing Basel III accords must not be delayed – ECB’s Enria
Financial sector is calling for further postponement but this will bring no benefits, supervisor warns
Dallas Fed chief wants to talk about tapers
Comments may indicate split at Fed, though FOMC remains committed to asset purchases
SNB’s Jordan rejects higher profit distribution
Current system takes into account market risk stemming from ever-larger balance sheet
BoE prepares to break with EU rules on smaller banks
Central bank signals a more tailored approach to regulating non-systemic banks
Colombia’s central bank revises up growth forecast
Board maintains rates at 1.75%, as IMF says delays in vaccination could hamper recovery