News
The winners of the 2020 FinTech and RegTech Global Awards
Central banks and their partners have innovated across machine learning, cloud services, payments and more
Eurozone’s RTGS system suffers major outage
ECB says Target2 system’s production site had to shift to alternative region – rules out cyber incident
Jack Ma slams Basel regulations
Alibaba founder says Basel Accord limits innovation; regulators remain cautious on big tech
Covid-19 to accelerate asset diversification and boost gold
Crisis has accelerated long-term pre-crisis trends stemming from global financial crisis
Regulators fine Goldman $2.9 billion over 1MDB
DoJ says bribes were largest it had discovered, as UK regulators fine US bank $126 million
Ukrainian deputy governor publicly criticises central bank
Governor effectively takes responsibility for banking supervision away from leading reformer
Policy-makers should develop blockchain standards – panellists
Standards should ensure systems can communicate with one another, experts say
Swiss National Bank opposes ban on ‘war material’ assets
Central bank says referendum motion is ill-defined and would hurt reserves management
Bank of Israel increases size of QE programme
Yaron calls on government to act on worsening economic outlook as Israel suffers “second wave”
Former HKMA chief Norman Chan sets up fintech firm
Chan becomes latest former senior Hong Kong official to move to fintech sector
Thai economy is like “patient in intensive care” – governor
Central bank extends debt relief for SME debt relief as political unrest mounts
Eurosystem lays out retail digital payment strategy
Access to cash and level playing field for electronic payments are key elements – Panetta
Turkish central bank holds rates despite currency’s slide
MPC attempts indirect tightening again as expert claims official figures hide true inflation rate
RBNZ warns of cyber risk from cloud
Draft guidelines would mandate firms to notify RBNZ over outsourcing critical functions to cloud
Hong Kong open to working with PBoC on digital currency
Senior government official says authorities would “actively participate” if it aids “mutual connectivity”
EU sees huge appetite for new triple-A asset
‘Sure’ bonds offer the ECB a less controversial option for asset purchases
Quarles: policy-makers have ‘work to do’ on non-bank fragilities
FSB chair outlines areas where non-banks may have amplified the Covid-19 shock
State Bank of Vietnam governor steps down to take senior party role
Vietnam government assigns SBV governor to new party role, without announcing his successor
Nobel laureate envisages climate change-fighting ‘club’
Green finance will not be enough to halt climate change, says William Nordhaus
Lagarde and Weidmann clash over EU recovery fund
ECB president wants it to become a permanent fiscal tool, Bundesbank president thinks it should remain a one-off
Banks and regulators call for global climate risk standards
Carney and Winters warn private sector cannot move much further without lawmakers
Canadian opposition says central bank ‘must not become government ATM’
Bank of Canada to end some emergency financing programmes as lawmaker calls more QE “insane”
PBoC sets sights on macro leverage and NPL risks
Yi says Chinese central bank looking at ways to manage outstanding risks as economy bounces back; financial market reform ongoing
RBNZ looks to bolster capabilities as ‘steward’ of the cash system
Central bank launches review of cash system and increases engagement with financial industry