FMI
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
BuBa focused on cutting cash-processing costs: Fabritius
Bundesbank’s Hans Fabritius says central bank working on outsourcing cash processing
Europe to set Sepa migration regulation: Tumpel-Gugerell
European Central Bank’s Gertrude Tumpel-Gugerell says Sepa needs migration date
Trade groups join forces to boost SEPA mobile payments
Mobey Forum and European Payments Council to cooperate in bid to increase use of mobile payments
RBA subsidiary chief ousted in graft probe
Managing director of polymer manufacturer Securency stands down as investigation reveals whistleblowers’ bribe claims ignored; offices and homes raided
Norway enables account holders to switch bank in seconds
Finance ministry ruling paves the way for technology that will make Norway the first country to allow customers to change accounts with ease
Oman signs up to new FX, payments system
Central Bank of Oman’s move represents part of a broader trend by emerging-market central banks to refine operational systems