FMI
Netherlands Bank working paper studies media impact on debit card use
Research finds “significant” impact of newspaper articles about skimming fraud on same day debit card usage
Hong Kong and Malaysia launch investment and settlement pilot platform
Hong Kong Monetary Authority, Bank Negara Malaysia and Euroclear Bank launch new pilot platform for cross-border investment and settlement of debt securities; culmination of work started in 2008
Kenyan parliament clears central bank governor
Chaotic debates in Kenyan parliament result in Njuguna Ndung'u being cleared of personal responsibility over collapse of Kenyan shilling
Esma under pressure on Emir implementation
A public hearing on Emir draft technical standards has left market participants concerned regarding both the implementation time frame and the asset classes covered by trade repositories and CCPs
Estonia data shows increases in travel service provision
Bank of Estonia reveals data gathered by tacking travellers' mobile phones
RBI cuts reserve ratio to improve lending conditions
Reserve Bank of India reduces cash reserve ratio for banks by 75bp; move injects 480 billion rupees into banking system
Norway to issue new coin to mark universal suffrage
Norges Bank announces plans to introduce a commemorative 10-krone coin 100 years after suffrage was extended to all women
UK payment card fraud falls to 10-year low
UK card fraud has fallen sharply due to ‘chip and pin’ and new online payment services, reaching a 10-year low in 2011. Online banking fraud has also fallen but bogus mortgages remain a concern
Bank of Estonia to reveal travel statistics gleaned from mobile positioning data
Estonian central bank has been using data from mobile phone usage for more than three years to assist with balance of payments calculation; only two other European central banks operate similar systems
Draghi defends high-value euro banknotes
Letter to MEP Nikolaos Salavrakos outlines reasons for having €200 and €500 banknotes
Boston Fed continues research into payments
Researcher Scott Schuh adds to 2010 research into payments; finds rising cost of debit cards reduces their use
Tucker replaces Dudley as chairman of CPSS
Bank of England’s Paul Tucker to replace New York Fed’s William Dudley as head of international committee responsible for payments, clearing and settlements infrastructure
China expands yuan cross-border settlement option to all exporters
People’s Bank of China permits all companies qualified for foreign trade activities to conduct international settlements in yuan, reports official Xinhua news agency
Turkey reveals new currency symbol
Turkish prime minister leads ceremony at the Central Bank of Turkey to unveil the new symbol for the lira
BoE looking 'carefully' at banknote substrate choices
Chris Salmon, chief cashier at the Bank of England, says the possibility of polymer or hybrid substrate banknotes is being looked at by the central bank; no decision made yet
Bank of Thailand governor discusses links with Germany
Prasarn Trairatvorakul highlights important trade link with Germany and commits to necessary reforms to improve Thailand’s competitiveness
Central bank's credibility was vital to introducing minimum rate, says SNB’s Schlegel
The decision by the Swiss central bank to introduce a minimum rate to the euro last September was possible because of the SNB’s credibility, says the central bank’s head of foreign exchange and gold
Philadelphia Fed launches consumer credit and payments web pages
Research and statistics on consumer credit and payments now displayed on separate web page; includes searchable publications library and access to podcasts
Lithuania continues restructure of operations
Bank of Lithuania continues “optimising” operations; will concentrate key functions within specialised services and close a vault
Turkey agrees currency swap with China
Central Bank of the Republic of Turkey and People's Bank of China agree currency swap
New Norwegian coin commemorates Royal birthdays
Norges Bank reveals a commemorative silver coin to celebrate the birthdays of King Harald and Queen Sonja; profits from sale will go to charities
Central bankers attend Financial Action Task Force meeting
Central bankers from many of the 136 member countries of FATF share thoughts on combating money laundering
European Commission to propose regulation on CSDs
European Commission announces new rules targeting central securities depositories to be released in March; wants to ensure securities transactions are settled in a “safe and timely manner”
Australia set to formalise payment system mishap reporting
Reserve Bank of Australia announces intention to establish strict rules on informing the central bank of operational incidents in retail payments systems; launches consultation process