News
Powell to lead two key BIS committees
French governor leads BCBS oversight body, BoE’s Cunliffe to head CPMI, and NY Fed has key Americas role
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
Liberian central bank gets third governor in two years
Ex-banker tasked with reshaping institution as legal battles continue and staff cuts loom
PBoC to rein in fintech firms after President Xi praises blockchain
Central bank will verify blockchain-compatible products
MAS develops multi-currency blockchain network
Prototype enables payments to be carried out in different currencies
Iranian central bank imposes AML controls on lenders
Local reports say FATF has threatened Iran with blacklisting, but hardliners are blocking reforms
Supervisors must adapt to climate change risks – Fed official
Real impacts are already being felt and policy-makers must develop new tools, Kevin Stiroh says
People: Riksbank appoints new executive board member
Swedish central bank promotes Cecilia Skingsley to first deputy governor; FCA appoints three new board members; Nigerian president appoints former deputy governor as special adviser
New IMF chief maintains focus on unsustainable debt levels
Debt levels at all-time high and well over twice global GDP, Kristalina Georgieva warns
RBNZ may raise insurance firms’ solvency levels
Governor expects review of insurers will lead to “series of thresholds”
ECB’s Löber: Facebook’s libra a “black hole” of legal certainty
But current global standards fit for purpose to underpin digital assets
Carney says BoE is ready to cut rates as MPC votes to hold
Two dissenters vote for rate cut as BoE cuts UK growth forecasts on back of new Brexit deal
Mobile payments accelerate decline in Swedish cash use
Cash accounted for just 6% of payments in 2018, and its value in circulation is barely 1% of GDP
Barbados-based firm hopes to become world’s CBDC provider
Bitt founder shares his ambitions to create a global CBDC settlement network
German finance minister offers deal on eurozone deposit insurance scheme
New proposals may not be enough to overcome other EU countries’ opposition
Patray retires from Liberia governorship
Embattled governor hands over leadership to deputy as country strikes IMF deal
Bank of Thailand cuts interest rate to record low
Bank of Thailand cuts rate to all-time low and relaxes forex rules
US G-Sibs ‘dramatically’ cut exposure to Brexit risk – Fed research
Financial analyst unpacks individual banks’ exposures to the UK since referendum
Cuts in oil output may imperil Norway’s financial sector – Norges Bank
Central bank warns prospect of environmental policies may be weakening the krone
Cash increasingly used as store of value – BIS report
Cash “still king”, BIS authors say, but electronic payments are taking a bigger share of transactions
Central banks report sharp improvement in data governance
Progress comes as many central banks complete projects to improve governance
Fed stands ready to ease year-end funding squeeze, says Logan
New York Fed prepared to adjust recent market operations, says markets chief
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline
People: Ghana’s Addison to lead IMF and World Bank board of governors
Addison to chair IMF/World Bank board; Saudi Arabia appoints new deputy governor; and more