News
China’s exchange rate poses major challenge to fairer trade – US Treasury
Renminbi has fallen by 6.25% against US dollar in 2018, reserves have declined by $74 billion
Regional financing bodies agree to deepen co-operation
All three major regional financing funds now linked by MoUs
Is Donald Trump undermining the Fed’s independence?
Persistent commentary could impact policy-making, but dialogue is necessary, says one observer
Regulation could stabilise crypto asset market, experts argue
Uncertainty remains over what regulatory approach to take, but collaboration appears key, say webinar panellists
Exchange chiefs back Giancarlo in tussle over CCP oversight
CFTC may block US CCPs from acceding to EU supervision
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal method for API specifications, payment provider says
Fraud growing faster than non-cash payments, Fed finds
Cases of payments fraud are getting smaller but more common, survey finds; introduction of chip-based cards appears to have helped reverse the trend
Australia to launch new $50 note
Successful transition to new $5 and $10 notes opened door for most circulated note
Reserves preservation key in Tunisia amid growing challenges – El Abassi
Governor of Central Bank of Tunisia stresses the importance of sound policies as the currency weakens and twin deficits grow
People: San Fran Fed appoints head of research
Sylvain Leduc becomes head of research at San Fran Fed; Shonubi approved as deputy in Nigeria; two front-runners to lead FSB; Iceland appoints head of new IT division
Hungarian central bank increases gold reserve tenfold
Governor Matolcsy says prime minister asked MNB to reconsider gold policy
Sri Lankan central bank to hold forensic audit of corruption allegations
CBSL announces wide-ranging policy changes after “bond scam” allegations
Canada’s Sabean on tackling a data governance overhaul
The Bank of Canada has been making “significant investments” in data, says senior director
Kenyan central bank gets green light on banknotes from court
Court of Appeals rules in favour of central bank on tumultuous banknote tender, clearing the way for De La Rue
Sudanese central bank increases liquidity supply as signs of crisis grow
Governor eases liquidity restrictions as reporters note long queues at banks
Emerging market governors back targeted capital controls
Governors says capital flow measures can be important tools in some circumstances
Draghi warns of dangers of ‘cliff-edge Brexit’
ECB president says some governments are endangering central bank independence
RBI’s Acharya stresses need for ‘prompt corrective action’
Tool allows supervisors to intervene early and should discipline bank managers, deputy says
UK to retain highest denomination note
Central bank says new £50 will be printed on polymer; low-value coins also set to stay
BoE to demand senior financiers tackle climate risks
Proposals from PRA would hold senior managers accountable for climate change risks, and capital surcharges may follow
Asia outlook positive despite growing risks, IMF reports
Sound policymaking should protect Asia’s prospects for staying at the forefront of global growth, IMF says
MAS adjusts exchange rate policy
Monetary authority only changes the slope of the policy band infrequently
Volatility in equities may soon influence Fed policy, says Moody’s economist
US equity sell-off may be due to Fed policy, says John Lonski
What is driving the drop in UK cash volumes?
The volume of cash in circulation in the UK has declined for the first time since 1960. Is this a sign the UK is moving towards a cashless society? Or just a blip in the trend?