News
Trump sets up committee to investigate Cook
Courts had previously ruled US president had not followed due process in trying to fire Fed governor
Peru unexpectedly holds rates amid rising inflation
BCRP maintaining ‘hawkish stance’ by leaving open possibility of rate adjustment, economist says
BoE unveils animals that will feature on new banknotes
Public’s choice of barn owl, bumblebee and hedgehog to be supplemented by puffin
UK FCA to investigate itself after whistleblower died by suicide
Regulator appoints ex-BoE official to examine procedures as it faces criticism from former staff
Paraguay’s central bank unveils new series of banknotes
Designs come with updated security and accessibility features
Rising inflation prompts first RBI hike since 2023
Bank announces shift to calibrated tightening, with near-term rate cuts ‘off the table’
Singapore issues guidelines for ‘responsible use’ of AI
MAS says financial institutions can adopt different approaches in proportion with their risk profiles
As NBFI sector grows, so do its risks and benefits – Knot
Former FSB chair discusses implications of sector’s increasing dominance
Claudio Borio calls for revised monetary frameworks
Former BIS economist says central banks should tolerate mild deflation and aim for ‘nimbleness’
Kansas City Fed warns of long-term AI financing risks
Highly leveraged entities may cause financial stress to spill over to broader economy
Hong Kong to explore stablecoin use cases with Malaysia
Monetary authorities also agree to co-operate on tokenisation and local currency use
Russian finance ministry begins paying salaries in CBDC
All Russian citizens can request to convert salaries into digital ruble, ministry says
Divergence from global cycles gives Asia policy room – Amro
Change may allow Asean+3 central banks to focus on domestic rather than global conditions, report says
People: Sarb appoints former World Bank economist to MPC
Plus appointments in Singapore and the Seychelles
IMF approves El Salvador funds, despite bitcoin purchases
Institution granted waivers after government missed performance targets, including on crypto
Permanent FRTB reforms seen as vital for IMA adoption
Temporary relief granted in June has done little to encourage internal model use in Europe
RBA says stability risks mainly come from abroad
Bank’s finstab report says financial system resilient but points to AI and geopolitical concerns
Dollar’s share of foreign reserves fell slightly in Q2 – IMF
Euro claims rose, leading to fall in proportion of US assets according to latest Cofer figures
Colombia delivers unexpected 25bp rate hike
Move marks ‘fourth consecutive policy surprise’ in tightening cycle, economist says
Canada fights stigma over standing liquidity facility
Deputy governor outlines new plans for repo operations and central clearing
Bailey calls for AI kill switch ahead of regulation
FPC says technology is escalating financial stability risks and making them more intertwined