News
People: Thailand appoints new deputy governor
The Central Bank of Chile appoints two division managers; RBNZ communications chief resigns
IMF urges Algeria to abandon monetary financing
Fund says a weaker dinar would support efforts to reduce debt
Sarb says blockchain project exceeds expectations
System has capability to process twice the number of transactions as the current RTGS system
RBI pledges to create public credit register
Existing system is fragmented, making it hard to accurately assess a borrower’s credit history
Switzerland weighs bold monetary experiment
On June 10, Switzerland will vote on whether to revolutionise its monetary system and hand the central bank a monopoly on money creation
Riksbank says Nordea’s relocation to Finland could increase financial risks
ECB expected to decide later this month whether to grant banking licence to Nordic lender
Malaysia central bank governor resigns
Muhammad Ibrahim quits amid intensifying pressure over land purchase and 1MDB scandals
Riksbank considers joining eurozone’s real-time payments network
Stefan Ingves says central bank may have to investigate issuing a digital currency
First female governor appointed to Bank of Macedonia
Deputy governor appointed after lawmakers reject second term for incumbent
Singapore and India launch fintech co-operation scheme
The countries plan to establish real-time payments links
DNB develops new instant payment network
Banks will be able to process payments within seconds by mid-2019, the central bank says, but evolution of cash infrastructure will continue
Visa outage highlights fragility of electronic payments
European network experiences outage for several hours on June 1, due to hardware failure; consumers forced to withdraw cash to make payments
Nigerian deputy governor resigns
Local reports suggest Adebayo Adelabu intends to run for governor of home state
PBoC’s Yi dampens market excitement on liberalisation
China rolled out series of liberalisation measures in recent months, but further action will only be gradual, says central bank governor
Trigger for emerging market sell-off still playing out, warns Argentine governor
There is a possibility of Argentina being “challenged further”, says Sturzenegger
Chilean deputy points to US inflation as biggest risk
US growth is broadly positive, but sustained wage growth could drive up rates causing sharp portfolio outflows from emerging markets; Chile relatively well positioned
Cash usage in Switzerland below eurozone average – SNB survey
SNB’s first payments study finds 70% of transactions processed in cash in 2017
Dutch government re-appoints Knot as DNB governor and boosts board
Two board members re-appointed and new member for resolution named
People: BoE’s Fried promoted; Vlieghe reappointed
Bradley Fried to take over as Court chair; Gertjan Vlieghe gets new term; Anneli Tuominen to serve additional term at Esma; Israel appoints technology chief
China opens onshore market to foreign investors
MSCI adds Chinese shares to its emerging markets index for the first time
Fed and other US regulators call for major changes to Volcker rule
Complex legislation has created compliance uncertainty, Federal Reserve argues
UK’s FCA to act on banks using overdrafts as revenue source
Regulator proposes rules to improve transparency around the cost of credit, with plans to ban fixed fees if necessary
Jonathan Haskel appointed to BoE MPC
Male economist chosen over four women who were shortlisted
Bank of England says UK payment schemes must adapt to ISO messaging standard
BoE will hold consultation with interested parties in June