News
Mester not yet convinced on alternative monetary policy frameworks
Enhancing Fed communication is an “essential component”, Cleveland Fed chief says
Lebanese central bank strike ‘shut down local banks’
Staff consider further strike action over rumoured salary cuts as government faces fiscal crisis
China cuts reserve requirements for small banks
PBoC cuts RRR for local banks; premier Li Keqiang had urged policy-makers to reduce funding costs for small businesses
EBA board rejects finding that Estonian and Danish authorities breached law
Senior European official says money laundering scandal will not be ‘swept under carpet’
IBM wins contract to support Canadian RTGS overhaul
Canada is preparing to replace its unusual high-value payment system with a new generation
Moore quits Fed nomination process
Growing pressure from Republican senators slashed his odds of being confirmed
Eswatini central bank denies allegations of holding ‘Gaddafi millions’
Central bank denies claims that it holds money passed on by former South African president Zuma
Central bank gold buying hits new high
Official reserve managers bought 145.5 tonnes last quarter, a 68% increase from Q1 2018
Carstens says EMEs are right to intervene but must be ‘rigorous’
BIS is “expending a great deal of analytical effort” in understanding the issue, he says
Italian cabinet approves central bank appointments after delay
Move comes after strong criticisms of the Bank of Italy by leaders of governing parties
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
BoE says Brexit is creating economy of two halves
Policy-makers strike hawkish note, but Carney says households and businesses are divided
Fed makes ‘technical adjustment’ to monetary policy
The move does not signal a change in policy stance, Powell says
PBoC to issue new banknotes with enhanced security features
New Chinese banknotes will use optically variable magnetic ink
Former UK civil servant nominated to lead Irish central bank
Senior civil servant with experience in New Zealand and UK nominated for top central bank role
DR Congo slashes rates to 9% from 14%
Central bank hopes period of relative stability will endure
Poloz tells lawmakers carbon tax is likely inflationary
The politically controversial policy could have a mixed impact on growth, the governor says
IMF flags high public debt in Middle East oil exporters
Oil producers in the Mena region are expected to average budget deficits of 4% of GDP in 2019
‘A huge job in anybody’s terms’ – BoE’s court sets criteria for new governor
Governor must be able to promote the UK post-Brexit, while issue of diversity looms large
BoE unveils ‘systemic risk buffers’ for UK banks
Aims to ensure adequate capital within UK ring-fenced firms, as well as at global level
New York Fed moves to tackle ethics in financial culture
Academics and bankers “share many of the same concerns” about ethics and behaviour, New York Fed official says
Global sandbox admits first fintech firms
GFIN accepts eight firms for tests in cross-border regulatory sandbox
ECB raises supervision fees in response to Brexit
UK-based banks looking to move to eurozone largely behind increased fees, ECB says
Macao weighs launch of yuan-denominated securities market
City aims to become yuan-clearing centre for Portuguese-speaking nations