FMI
BoJ to implement next-generation RTGS project
The Bank of Japan said Friday it has decided to implement the next-generation real-time gross settlement (RTGS-XG) project.
Deutsche Bundesbank adopts SwiftNet FileAct
According to a report on Finextra.com, Deutsche Bundesbank is to adopt SwiftNet FileAct to begin standardizing its communications system for low value payments, bringing its branches in line with Germany's national Real Time Gross Settlement as it…
Survey of foreign exchange settlement risk
The Committee on Payment and Settlement Systems said Wednesday it will carry out a survey of how banks and other selected institutions manage the risks they can incur when settling foreign exchange transactions.
RBNZ to raise settlement cash level temporarily
The Reserve Bank of New Zealand will temporarily raise the Settlement Cash Level (SCL) from its current level of $20 million to $500 million, for value date 2 February 2006.
Russia-Belarus to have common currency from 2008
Russia and Belarus will have a common currency starting from 1 January 2008, representatives of the Interbank Currency Council said on Friday.
Hunt on for 'radioactive dollars' in Kazakhstan
Kazakhstan is currently hunting for dozens of "radioactive dollars" circulating in the country's financial system.
Z$50 000 bank note coming to Zimbabwe
Zimbabwe's inflation ravaged citizens will soon have a new Z$50 000 bank note to make shopping easier, central bank governor Gideon Gono announced on Tuesday 24 January.
ECB says forgers favouring 20-euro notes
The European Central Bank has reported the number of forged bank notes traced in 2005 fell 2.5 percent, but the number of 20-euro notes rose sharply in the second half of the year.
RBI plans RTGS cover for 5000 branches
The Reserve Bank of India said it plans to bring another 5,000 bank branches under the Real Time Gross Settlement (RTGS) system mechanism by June 2006.
Thailand to speed up adoption of e-payment
The Bank of Thailand plans to accelerate the adoption of electronic payment in place of cash and cheque settlement to cut financial costs and ensure efficient and quick services.
Payment Innovation Conference, Amsterdam 4-5 April
The key theme is 'Payment Innovation Beyond SEPA'. SEPA is the acronym for 'Single European Payment Area', a political effort to harmonize all payment systems within Europe.
BNB implements new treasury management system
The Bulgarian National Bank has strengthened its accession strategy through the implementation of The Trema Suite as its new treasury management system covering Front-, Middle- and Back Office for their reserve management operations.
Proposal for BOJ's next-generation RTGS project
The Bank of Japan has released a consultation document on the proposal for the next generation of the BOJ-NET Funds Transfer System.
BoT should regulate payments, says committee
According to a government committee on electronic transactions, the Bank of Thailand should have the authority to regulate the electronic payment business.
Document shows plan to shake up EU payments system
The European Union's payments system is set for a wide-ranging overhaul to cut down on the cost of cross-border transactions and save up to 100 billion euros ($117.7 billion), a European Commission document quoted by Reuters showed on Thursday 1 December.
ECB's Tumpel-Gugerell on SEPA
In the speech 'SEPA: making the dream become a reality' given on 15 November Gertrude Tumpel-Gugerell of the ECB said the ECB acts as a helping hand to create, out of the many different national payment schemes, one pan-European scheme for each of the…
Fed's Olson on US payment systems
At a EU/U.S. Retail Banking Forum Conference in Brussels on November 15, US Federal Reserve governor, Mark W. Olson, offered some insights into the US payments system.
New currency for Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has announced that it will introduce a new currency next year. RBZ governor Gideon Gono said the new currency would be unveiled "at a date to be announced".
CLS data on FX transactions
The CLS (Continuous Linked Settlement) Group on Monday released new data showing that during October 2005, a daily average of 215,016 foreign exchange transactions was completed using their global settlement system.
ECB's Target 2 delayed
The ECB has announced that the launch of Target 2 has been further delayed. The first group of countries will move to the EU's new large-value payment system on 19 November 2007, 11 months later than originally planned.
PBOC issues new rules on electronic payments
The People's Bank of China has issued new rules regarding electronic payments designed to minimize transaction risk.
Atlanta Fed's Barron on a viable payments future
In the speech 'Making a commitment to a viable payments future' given on 5 October Patrick Barron of the Federal Reserve Bank of Atlanta said that our payments system is going through a difficult transition. Today, the development of new technology and…
Zimbabwe plans new currency
Zimbabwe will have a new currency next year, the central bank governor announced on Thursday 20 October , the Zimbabwe Observor reports.
'The Region' from the Minneapolis Fed, Sep 2005
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2005. The article "Payments system issues and challenges" asks why the market, not the Fed, is the prime mover in the U.S. payments system. The latest…