News
Cœuré issues urgent call for CBDC development
Central banks have no time to waste, says BIS official, as crypto and stablecoins threaten disruption
PBoC opens up wealth management to Hong Kong and Macau
China looks to shore up Hong Kong’s status as a financial centre amid concerns over security crackdown
Regional Fed presidents sell equities after media reports
Rosengren and Kaplan divest assets to avoid “even the appearance” of conflict of interest
Somaliland president replaces central bank governor
Ali Ibrahim Jama had led unrecognised state’s central bank since 2018
Peru’s central bank doubles rates on higher inflation
MPC says it expects inflation to be temporary and says economy is still weak
Canadian governor outlines next phase of policy
Governor says Bank of Canada will keep asset holdings unchanged in “reinvestment phase”
OCC issues $250 million penalty against Wells Fargo
US regulator says bank has failed to meet commitments on loss mitigation
Former Ecuadorian governor arrested in Miami
US authorities arrest Delgado for immigration violations nine years after he fled Ecuador
ECB announces moderate cut in net asset purchases
Council unanimously agrees adjustment despite mid-term below-target inflation projections
Sarb governor urges shift to narrow inflation target
Kganyago says it was a “mistake” to maintain a target band for so long
Bank Indonesia tells banks to provide financing to SMEs
As much as 30% of banks’ loan books will need to be directed to small businesses
Iraqi court jails foreign engineers over central bank dispute
Australian engineer’s family say he was jailed to pressure firm over troubled project
People: Former Malawi governor dies
RBNZ deputy governor departing; new appointments in Nigeria; and more
Bank of Zambia governor resigns
Mvunga leaves following change in presidents, amid high inflation
Eurosystem calls for full Basel III implementation
Supervisors say output floor should be implemented through single set of risk-weighted assets
Bitcoin becomes legal tender in El Salvador
Observers warn move could further destabilise the fragile Salvadoran economy
MAS demands crypto exchange Binance cease operations
Move came after UK’s FCA said firm failed to provide sufficient supervisory information
BoJ unveils new 10,000-yen note
New banknote features “father of Japanese capitalism” and is set for issue in 2024
Norges Bank given new macro-prudential responsibilities
Government assigns central bank power to set countercyclical capital buffer
BIS to throw open doors for 90th anniversary
Delayed celebration will invite public to multimedia exhibition in main tower
PBoC to provide 300 billion yuan to SMEs
State Council calls on central bank to step in as Delta variant shows signs of denting growth
Mozambique president reappoints governor
Former IMF official Zandamela has faced inflation, Covid-19 and fallout from alleged fraud
Payments Canada launches new wholesale payments system
Bank of Canada governor says new system is important to keep system secure and efficient
Norwegian government may split SWF from Norges Bank
Committee will assess future governance of world’s largest sovereign wealth fund