News
Management failings caused Australian equity trading platform outage
Responsibility for upgrade project was unclear, IBM review finds
Rwandan central bank scraps e-wallet transfer fees
Customers can now move money between mobile and bank accounts without charge
Chilean governor opposes new pension withdrawals
Congress considering authorising fourth drawdown as stimulus measure
Myanmar authorities shut banks amid growing crisis, report says
Private banks closed from August 16 to August 22 amid ongoing cash crisis, reports allege
Central Bank of Iceland raises rates again
Above-target inflation and higher GDP growth justify second rate hike since May, MPC says
People: Kuwait’s sovereign wealth fund gets new managing director
Korean president nominates head of financial supervisor and EBRD gets new corporate strategy chief
Hungarian central bank raises rates for third month running
MPC cautions inflationary pressures remain and forecasts return to target in mid-2022
Paraguay raises rates as start of ‘gradual normalisation’
Country is latest in Latin America to tighten policy, alongside Brazil, Uruguay and Peru
Haldane warns against blind trust in AIs
AI systems should not be used for autonomous supervision, says former BoE chief economist
BIS and HKMA start work on green bond infrastructure project
Digital platform based on blockchain aims to improve green bond market’s transparency
Taliban name acting head of Afghan central bank
Mohammad Idris played leading role in financing Taliban war effort, senior official says
Bank of Thailand to test retail CBDC
Thai central bank will invite firms to participate in testing prototype in 2022
Fed may taper asset purchases this year, say FOMC minutes
Federal Reserve staff warn US financial system has “notable” vulnerabilities
New forward guidance is “elemental” for ECB strategy, Lane says
Chief economist implicitly disagrees with Belgian governor’s criticism of new wording
US and IMF block Taliban access to Afghanistan assets
IMF will not allow Taliban to receive SDRs, while US freezes central bank reserves
Belizean governor fired by prime minister after ‘integrity’ row – reports
Former governor says he was forced out after conflict over “special interests”
Philippines central bank calls for urgent reform of secrecy law
Financial industry says current law attracts money launderers as governor demands change
Canada records highest inflation since 2011
House prices help drive figures up, as inflation becomes campaign issue in election season
Mexican president demands IMF assets from central bank
Governor rejects proposal and former presidential ally says it would be legally impossible
RBA governor dismisses calls for policy review
Opposition politician criticises central bank for frequently missing inflation target
Digital yuan project should rethink anonymity, paper urges
Scholars argue CBDC “wallets” ought to be under full control of retail users
Taliban unlikely to gain immediate access to most DAB assets
Likely asset freeze and fall in currency may lead to hyperinflation, analyst warns
Uruguay raises policy rate 50 basis points
Move is first time central bank has raised rates since readopting a policy rate last year