FMI
India's Subbarao sees key role for retail payments
Retail payments are going to be the drivers of the future payment and settlement architecture, said Duvvuri Subbarao, the governor of the Reserve Bank of India.
NY Fed names new senior VP for cash and custody
James Narron is the new senior vice president responsible for the cash and custody function at the New York Federal Reserve.
PMA's Alwazir: reform agenda continues
The recent escalation of the conflict with Israel wreaked havoc on Gaza's banking sector. But the Palestine Monetary Authority (PMA) has ploughed on with its reform efforts
ICE's CDS clearing plan gets Fed's approval
The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.
BoE's Tucker: end bickering over CDS clearing
Paul Tucker, the soon-to-be deputy governor responsible for financial stability at the Bank of England, has called on officials to stop feuding over plans to create a central counterparty for credit default swaps (CDS).
Crockett on lessons from history
Sir Andrew Crockett, a former general manager of the Bank for International Settlements now at JPMorgan, a bank, warns that officials must acknowledge the benefits of innovation and the inconsistencies between macro- and micro-level fixes.
Of currencies, crises and completions
The crisis presents an opportunity to complete Europe’s journey towards a true monetary union, argues John Nugée
Payments systems and the crisis
Ron Berndsen, who heads the payments oversight department at the Dutch central bank, assesses the impact of the crisis on the financial "plumbing".
A setback for European payments
Terry Dirienzo, product and marketing director for Experian Payments, a consultancy, bemoans a French suspension of work on the Single Euro Payments Area (Sepa).
Swedish seigniorage hits five-year high
The Riksbank has offered to pay SEK5.9 billion ($737m) of its profits to the national treasury for the financial year 2008, Sweden's central bank said on Monday.
Italy investigates retail payments trends
The Bank of Italy is surveying the outsourcing of technological services associated with the provision of electronic retail payment services.
Riksbank upgrades payments system
The Riksbank is to move to a new technology system and platform for RIX, the central bank's funds transfer system.
Zimbabwe lops zeros off currency, again
The Reserve Bank of Zimbabwe has chopped 12 zeroes off the Zimbabwean dollar in its latest attempt to curb hyperinflation.
Sepa implementation: an overview
A new publication from the Bank of Italy gives an up-to-date overview of the Single Euro Payments Area (Sepa) implementation process.
Harare abandons Zim dollar for foreign currencies
The Zimbabwean government has said that it will allow businesses to accept multiple currencies alongside the effectively worthless Zimbabwean dollar.
Denmark details release schedule for new notes
The National Bank of Denmark will begin issuing a new Dkr50 ($8.75) bill, the first in a new series of banknotes, on 11 August.
Denmark's Bernstein on the benefits of the euro
Nils Bernstein, the governor of the National Bank of Denmark, has outlined a number of reasons why Denmark should join the eurozone.
Danes less keen on euro
The popularity of the euro among Danes has waned since November 2008, a poll commissioned by one of the country's leading banks has found.
Zim to set denomination record for issued note
The Reserve Bank of Zimbabwe is to introduce the highest-ever denomination issued note - worth Z$100 trillion.
Innovation impacts money demand
Technological developments affect average money holding and interest elasticity of money demand, research from the Bank of Italy notes.
Paper charts changes in US retail payments
The Kansas City Federal Reserve has published research covering changes to the American retail payments system, which is now is in the midst of a transformation.
Number of forged euro notes hits record high
The number of counterfeit euro banknotes seized soared by 13% in the second half of 2008, the European Central Bank (ECB) said on Monday.
How individuals remit funds internationally
A research briefing from the Federal Reserve Bank of Kansas City describes means by which individuals make international remittances.
Tanzania looks into new notes
The Bank of Tanzania is looking into printing new banknotes barely five years after the previous series was introduced.