FMI
BoJ improves payments and settlements after crisis
Bank of Japan enhances its payments and settlements systems following Lehman collapse
RBA: credit card reform in Australia
Reserve Bank of Australia‘s assistant governor discusses the challenges regulators face in the market for credit card payments
The US banking practices falling behind
Boston Fed study urges US to invest more in payments technology to cope with the demands of the digital age
Canada to switch to polymer
Bank of Canada to issue plastic notes in 2011
Bangladesh’s Rahman welcomes remittance improvements
Bangladesh Bank governor Atiur Rahman says banks, microfinance companies and IT specialists should continue working together to increase access to finance
Bank begins consultation on note circulation
Bank of England in talks with commercial cash industry on proposal to better distribute lowest denomination note
Switzerland delays new banknote series
Swiss National Bank says move made on back of security concerns
Riksbank’s Nyberg: cards systemically important
Riksbank’s Lars Nyber says cards are overtaking cash in Nordic countries, but security still an issue
India’s Gokarn rules out March hikes
Reserve Bank of India’s Subir Gokarn emphasises that, barring extraordinary circumstances, the central bank will not raise rates before April; central bank cracks down on PayPal
Europe is losing the “war on cash”: report
ECB and European Commission efforts to promote cashless payments are having some effect, but people still prefer cash, report finds
New rules in pipeline for financial plumbing
Head of Basel-based CPSS says decade-old principles for payments, settlement and clearing must be updated and financial resource requirements sharpened
Bulgaria joins Europe’s Target2
Euro-hopeful becomes full member of Europe’s large-value payment system
Brazil broadens settlement universe
The Brazilian central bank grants brokers and dealers direct access to its Selic settlement system
Euro counterfeits soar 30%
ECB statistics show 860,000 forged euro banknotes recovered in 2009
Botswana extends note exchange
Bank of Botswana gives public three months grace to exchange pula banknotes, enlists commercial banks and post offices for operation
Euroclear appoints new CEO
Settlement services provider names HSBC’s Tim Howell as replacement from Pierre Francotte
BoJ discussion paper series – Dec 09
Bank of Japan finds e-money usage does not lower cash-demand
Britain to abolish cheque clearing in 2018
Payments overseer says plans contingent on 2016 review demonstrating alternatives exist
SMEs are pulling through: ECB’s Tumpel-Gugerell
European Central Bank board member says small firms are the backbone of the euro economy and have done well in the crisis; outlines advantages of SEPA for SMEs
Bank’s Bailey links rise in banknotes with turmoil
Bank of England’s Andrew Bailey says crisis has sparked rise in demand for currency; says trend reflected in other major economies
Chakrabarty: mobile payments uptake low in India
Reserve Bank of India’s Kamalesh Chakrabarty says mobile banking yet to take off
North Korea drastically revalues currency
Reports say that the country has slashed two noughts off its currency; imposes a cap on exchanges into new money
RBNZ, stock exchange moot possible payments team-up
Reserve Bank of New Zealand confirms talks with NZX to collaborate on clearing and settlement system