FMI
RBA appoints head of payments policy
The Reserve Bank of Australia announced Friday 3 November the appointment of Ms Michele Bullock to the position of Head of Payments Policy Department.
Acid blamed for crumbling German banknotes
German authorities revealed Thursday 2 November that more than 1,000 German banknotes have mysteriously disintegrated in recent months, possibly due to acid on the brittle notes.
Japan's Next-Generation RTGS
This paper from the Bank of Japan's Payment and Settlement Systems Department provides an overview of the RTGS project and discusses how it is expected to enhance the safety and efficiency of the settlement mechanism for large-value payments in Japan.
New UK £20 'has raft of anti-fraud measures'
The Bank of England unveiled a new £20 banknote featuring the image of economist Adam Smith on Monday 30 October with a raft of improved anti-counterfeiting measures.
Kenya launches automated trading systems of NSE
President Mwai Kibaki of Kenya has said the automation of the trading system will create more confidence in the country's capital markets and enable the government and the private sector to access long-term financial resources.
RBI's Reddy on payment and settlement systems
In the speech 'Payment and settlement systems - select issues' given on 20 October YV Reddy of the Reserve Bank of India said the RBI has formulated a 'Payment and Settlement Systems Vision' document for the use of banks, financial institutions as well…
Oman launches Clearing House solution
The Central Bank of Oman's Automated Clearing House Solution (ACH) has been completed, HP Middle East announced.
Tumpel-Gugerell on Europe's financial sector
In the speech 'Building the future - Integrating Europe's financial sector' given on 23 October Gertrude Tumpel-Gugerell of the ECB said the ECB will only pursue plans for its own securities settlement system if it can offer much lower settlement fees…
NBS chooses Wall Street Systems package
The National Bank of Slovakia (NBS) has selected Wall Street Systems, a provider of global treasury and capital markets solutions and services, to manage its banking functions, it was announced Monday 23 October.
NBP's Rybinski on the single euro payments area
In the speech 'Single euro payments area from the point of view of the National Bank of Poland' given on 10 October Krzysztof Rybinski of the National Bank of Poland said the implementation of SEPA is a huge challenge for the Polish banking system.
UAE delays cheque clearing system for tests
The Central Bank of the United Arab Emirates has said at least 90 per cent of UAE banks are ready to implement the new system of cheque clearing that is expected to go live early next year.
Sweden's Srejber on the modern payment system
In the speech 'Vulnerabilities in the modern payment system' given on 18 October Eva Srejber of the Sveriges Riksbank said a payment system with effective resilience to shocks is of critical importance to the economy and to society.
Kazakhstan gets 'bank' note spelling wrong
The Central Bank of Kazakhstan has misspelled the word "bank" on its new notes, officials said on Wednesday 18 October.
RBA's Lowe on the central bank and payment system
In the speech 'The Central Bank and the Payment System' given on 12 October Philip Lowe of the Reserve Bank of Australia said broadly speaking, there are at least three ways in which a central bank can influence payment system outcomes.
RBA Payments System Board Annual Report 2006
According to the Reserve Bank of Australia's Payments System Board Annual Report 2006, while the use of both credit and debit cards has increased substantially over the past decade, the timing of growth has differed.
Payment systems, monetary policy in Europe
The first of two articles published by the Financial Times on Friday 6 October looks at the issue of central bank "plumbing" which, it says, is creating a stink for the ECB. The second article concerns a letter sent by a group of monetarist economists to…
T2S is 'only solution': ECB's Tumpel-Gugerell
The European Central Bank sees its proposal on securities settlement, called TARGET2 Securities, as offering an "efficient organisation of central bank money", says Gertrude Tumpel-Gugerell, a member of the executive board, in an interview in the autumn…
Trichet on bank transfer data from SWIFT
In a speech on the interception of bank transfer data from the SWIFT system by the US secret services given on 4 October Jean-Claude Trichet of the ECB said warned the European Parliament that any disruption to the SWIFT bank data sharing system could…
ECB says final decision on T2S in 2007
The European Central Bank will make a final decision on whether to proceed with its proposed Target 2 Securities settlement system in the first half of 2007, executive board member Gertrude Tumpell-Gugerell said Wednesday 4 October.
Swift defends role in data exchange
Swift, the Belgian company accused of transferring data on financial transactions to the US authorities, has refuted claims that it acted illegally.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Rick Hou on Solomon Islands bank notes
In the speech 'Launching of Solomon Islands' new and revised bank notes' given on 2 September Rick Houenipwela of the Central Bank of Solomon Islands said in the Solomon Islands currency development is influenced by various socio-economic factors.
RBA's Lowe on payment systems evolution
In a speech given on 27 September Philip Lowe of the RBA said over the past year or so, the Reserve Bank has been examining the architecture and governance of Australia's payment systems and the range of payment products offered in Australia.
ECB will move forward with financial integration
A European Central Bank executive board member signalled in comments to the Financial Times, published Friday 29 September, that the ECB will push ahead with plans to increase eurozone financial integration by providing securities settlement services,…