News
Argentina strikes deal to restructure $65bn debt
Next step could be a return to programme negotiations with the IMF
Biden promises new Fed mandate on racial inequality
Democratic candidate wants Fed to take responsibility for economic concerns of Black Lives Matter movement
ECB says pandemic measures have been effective
Response to Covid-19 pandemic lowered bond yields and may have stopped financial panic
Cypriot judges end second trial of ex-governor
Prosecutors should not have tried Christodolou twice over alleged bribe payment, judges rule
CLS proposes second-tier FX settlement system
Stripped-back system for EM currencies mooted to tackle rising settlement risk
Oman launches first denomination in new banknote series
New series incorporates improved security features and elements for the visually impaired
South Africa must reform in return for $4.3 billion aid – IMF
Government must protect smaller banks and outline reform package by October, IMF says
Central banks’ gold purchases falling sharply – WGC
World Gold Council says demand for gold-based ETFs has boosted prices
Enria announces major change to ECB banking supervisor
SSM will have two new departments, and focus on banks’ business models, says Enria
IMF publishes transparency code for central banks
Updated framework aims to help central banks rank themselves against best practice
‘E-money’ is boosting financial inclusion in Philippines – deputy governor
“E-money” system has driven rise in citizens with bank accounts, BSP says
Thai cabinet confirms PM’s adviser as new governor
Monetary policy committee member to serve as next Bank of Thailand governor from September
BoE awards Accenture RTGS overhaul contract
Consultancy firm wins contract worth up to £150 million for payments system upgrade
People: BoE governor appoints first female private secretary
St Louis Fed appoints new COO; new appointments at Kazakhstan’s sovereign fund and central bank; and more
Fed extends swap lines and warns of slowing US economy
More fiscal and monetary stimulus will be needed as cases surge in US, chair Powell said
UN says rival Libyan central banks will be audited
Central bank is depository for civil war-torn country’s vital oil earnings
Fed extends emergency facilities for three months
Move comes as US Covid-19 reported cases surge to record highs ahead of July FOMC decision
ECB extends eurozone banks’ dividend payment pause
Enria says banks face “radical uncertainty” over pandemic’s economic impact
FCA presents new design for financial services register
UK regulator says website aims to boost consumer protection and make key data easier to find
Sarb eases conditions on emergency loan guarantees
South African central bank introduces new loan types to assist uptake of the scheme
IMF needs new tool to deal with pandemic – former officials
Current programmes place too much emphasis on adjustment, two ex-officials argue
UK’s tough legacy fix spells trouble for US Libor transition
FCA will have little control over how synthetic Libor rates are used in other jurisdictions
Thai central bank authorises facial recognition as KYC tool
Bank of Thailand says move will help reduce spread of coronavirus
CBDCs cannot have unlimited privacy – Canadian deputy governor
Timothy Lane says central banks should consider “hybrid privacy levels”