News
Ghana closes 72% of its microfinance firms
The Bank of Ghana revokes licences of 347 firms
Narrow bank TNB hits back at Fed regulatory proposal
Fed overreaching by attempting to rewrite its chartering authority, TNB says; investment firm DE Shaw also reveals intentions to launch a narrow bank
Irish central bank voices concern over firms’ senior executives
Sharp rise in number of candidates rejected for senior roles on “fitness and probity” grounds
Bank of England awards contracts for new banknotes
Award made for joint provision of substrate for £50 note as BoE opts for same polymer in all notes
ECB again criticises Slovene attempt to change central bank law
Politicians’ latest attempt to compensate bailed-in shareholders would break EU law, ECB says
Bullard says Fed may need to cut rates ‘soon’
Market-implied probability of a cut in September now above 80%
Australia cuts rates to record low
Weak inflation and declining property market push RBA to cut rates
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Next Irish governor faces calls to resign in NZ scandal
Makhlouf said opposition politicians were using hacked data but information was freely available
Sri Lanka cuts rates as economy feels effects of Easter attacks
Economy was rebounding in Q1, but appears to have been knocked back, central bank says
PBoC takes over city commercial bank in bid to stop contagion
Central bank says this is a standalone case and it has no plans to take over other banks
Central Bank of Kenya may have violated constitution with new banknotes
Bank is facing criticism over images on new notes
Liberian president fires central bank leadership and board
Weah alleges major “irregularities” by central bank as former governor’s trial continues
ECCB launches new polymer banknotes
Redesigned notes are the first ever vertical notes from the ECCB
Potential Fed nominee wants changes to interest rate policy
IOER hurts private sector entrepreneurialism and gives banks wrong incentive, Judy Shelton says
Central bank independence key to Ecuador programme – IMF
Fund is expected to sign off on first review of extended fund facility in June, providing $250 million
BoE’s Broadbent receives renewed term
Deputy to serve further five years; new appointments made to central bank’s oversight body
BoE makes climate risk a hot topic for banks
Financial institutions must entrust oversight of climate risk to named individual under senior managers regime
Trinidad and Tobago prime minister ridicules central bank’s migrant figures
Acting PM says he has “no idea” how central bank estimated cost of migrant crisis
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
Venezuela’s central bank finally admits economic collapse
First official data release since 2015 says GDP fell by 22.5% in the year to the third quarter of 2018
De La Rue CEO steps down as firm hit by Venezuelan losses
Banknote company says Venezuelan central bank failed to pay $23 million bill
New data reveals 20% drop in correspondent banking
CPMI data reveals ongoing decline; FSB unveils latest work to reverse trend
Bank of Spain calls for reform of pensions system
Governor sees need for national consensus to secure sustainability of current system