News
Kenyan high court dismisses challenge to new banknote series
Central bank had been accused of violating constitution with banknote designs
Italian government nominates Panetta to senior ECB role
Nominee is trained economist with over 30 years’ service at the Bank of Italy
IMF warns Ukraine to protect central bank independence
Governor calls for end to pressure on reformers as court reinstates senior official
BoE finds room for improvement in cyber attack exercise
Participants have made changes since previous exercise but some issues remain, central bank says
BIS launches green bond fund for central banks
Institution aims to use fund’s clout to influence development of green investment standards
Lautenschläger resigns early from ECB governing council
News fuels speculation over German opposition to looser monetary policy
Kansas Fed’s George defends proposed instant payments system
Former FDIC head Bair warns current payment systems could fail “catastrophically”
Kristalina Georgieva confirmed as IMF managing director
World bank chief exec says boosting fund’s financial strength and tackling crisis risk are priorities
Philippines central bank cuts policy rates for third time this year
Governor Diokno says benign inflation outlook provides more room for further rates reduction
HKMA launches Instagram account
Hong Kong Monetary Authority aims to “engage with younger generation”
Corporate debt levels would amplify downturn, Brainard warns
CCyB should be used when stability risks are inconsistent with dual mandate, governor says
Emir data can give valuable insights on rate expectations – ECB paper
New methodology uses data on OTC transactions to track market expectations of interest rates
Bank of Israel grants digital bank licence
Israel joins growing list of jurisdictions permitting online-only financial services
Central banks urged to adopt DLT-based CBDC
Industry figures argue central bank money is needed for token-based securities settlement, but central bankers are sceptical
RBNZ to boost transparency on regulatory breaches
Central bank presses ahead with plan to report “material breaches” by banks on its website
Turkish central bank steps up efforts to increase bank lending
CBRT makes second move to use reserve levels to sharply increase credit growth
Carney calls for more nuanced approach to green metrics
Binary green-brown distinction is not enough to drive transition to low-carbon industry, BoE chief says
NY Fed president sends warning on Libor transition
Firms “sticking their metaphorical heads in the sand” must act now, Williams says
Swift conducts 13-second cross-border payment
Trials saw payments go from origination through to clearing and settlement in seconds
US designates Iranian central bank as terrorist supporter
Move will tighten existing sanctions regime regarding deals on “humanitarian goods”
Yemeni government appoints new central bank head
New appointee will be the fourth to hold the role since outbreak of civil war in 2015
Regional Fed presidents differ starkly over US economy
Boston Fed president warns of easing risk creates risks, but St Louis Fed chief says manufacturing is in recession
ECB prepares for ‘big bang’ move to new market infrastructure
Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021
BIS’s Borio warns of ‘troubling’ negative yields
BIS quarterly review highlights new peaks in negative-yielding debt and examines CLO risks