Central Banks
Banknote provider De La Rue mulls full takeover offer
Edi Truell-backed companies drop bid for 40% stake and go all-in instead
CNB ‘considered’ adding bitcoin to reserves – governor
Governor says central bank could “continue to debate” using cryptocurrency in diversification drive
Central banks must be responsive to commodity price swings – BIS
Risk of transitioning to “high-inflation regime” may require more active policy, bulletin says
Brazil grants Paysafe licence for online gambling market
BCB gives UK-based company green light to operate as payment institution for newly regulated sector
Decentralised risk teams less likely to have chief risk officers
CROs are also less common at Asia-Pacific and European central banks
PBoC to issue record amount of bills in Hong Kong
Central bank to auction 60 billion yuan of bills in territory amid weakening renminbi
Bigger cities do not mean much greater growth – study
Benefits of agglomeration are “surprisingly little”, NBER paper argues
BoE’s new research agenda adds focus on balance sheet
Three-year plan responds to inflation surge, market turmoil and changed mandates
PBoC provides further financial support for tech firms
Central bank follows up on previous policy and allocates $13.6 billion through lending facility
Higher tariffs would hurt US allies as well as its foes – research
However, research says country would be largely shielded from impact of geopolitical fragmentation
Senior appointments in Australia and Hong Kong
RBA appoints heads of banking and economic research, while HKMA appoints financial infrastructure director
Credit and counterparty risk gains relevance as most covered risk
But central banks’ top risks vary by geographical regions
Central Bank of Kuwait puts limits on online card transactions
Bank restricts volume and quantity of payments, and urges use of one-time passcodes
Ghana releases draft open banking directive
Central bank heralds “transformative development” in consumer-consented data sharing
CPMI outlines backing for payments data harmonisation
BIS committee aims for greater harmonisation of ISO 20022 to support cross-border payments
Japan and Philippines renew swap agreement
China also renews 15 billion yuan currency swap line with Nigeria
Bank of Uganda to make rate decisions quarterly
Central bank lowers frequency of policy meetings from six times a year
Centralised risk teams tend to have more sub-units
Size of central banks with climate change risk unit steadies at 12%
Former Bank of Mauritius governor released on bail
Harvesh Seegolam had been arrested for alleged conspiracy to defraud
Confidence in stability matters for financial inclusion – IMF paper
Study of central Asia finds good governance increases effectiveness of many policies
Argentina secures $1 billion repo deal to boost reserves
Agreement with five unnamed international banks will be in effect until 2027
SNB faces renewed drive to hold bitcoin in its reserves
Campaign calls for constitutional amendment that would force central bank to keep cryptocurrency
PBoC vows to cut reserve requirements and interest rates
Officials pledge to keep monetary policy “moderately loose” and support capital markets
Financial and op risk divisions maintain largest staff
Upper-middle income nations tend to have different staffing priorities