News
Fed official downbeat on US labour market
US labour market participation in stark contrast to advanced-economy counterparts, Daly warns
Lagarde urges central banks to consider CBDCs
IMF chief sees obvious benefits to central bank digital currencies, but design is crucial
Deputy to lead Bank of Israel amid appointment delay
Amir Yaron unlikely to be in governor’s office before the next monetary policy meeting
Central bank collaboration on CBDC warranted, says Bank of Israel official
Report rules out CBDC in Israel for now, but central bank will be watching Sveriges Riksbank closely as it launches prototype
ECB prepares to supervise largest Bulgarian banks
Move comes as Bulgarian government attempts to join single currency
UAE central bank cuts cap on housing loans
Government carries out major increase in public spending
People: Former Malawian governor dies
Mathews Chikaonda served as governor in the 1990s; new senior appointments made at the BIS; and more
US banking system responding well to post-crisis reforms, says Fed
Banking system shows healthy rebound despite supervision uncovering weaknesses, the Fed reports
Irish central bank to buy two more buildings
Move will be partly funded by sale of Spencer Dock building, CBI says
MAS chief laments ‘data localisation’
Misguided notions of data security threaten digital growth, says Menon; central bank further strengthens fintech support
Bahamas central bank draws up crypto asset regulations
Strict new guidelines will be applied to banks for customers wishing to trade and hold new instrument
RBNZ launches review into collapsed insurer
CBL Insurance to be liquidated after failing to assemble rescue plan
US academic likely to be next Bank of Israel governor
Amir Yaron likely to be appointed by Israeli cabinet but observer raises doubts about independence
Fed will delay stress capital buffers, Quarles says
Vice-chair says Fed is looking to modify stress-testing methods
Housing bottlenecks could boost eurozone inflation – ECB paper says
Labour shortage, scarcity of building land, and administrative hurdles could limit supply
HKMA’s ‘e-wallet’ feature suspended weeks after launch - local media
“Autopay” feature of new payments system hit by fraud allegations; HKMA says security is robust
EU offers Iran sanctions relief with new clearing house
Iran retains access to Swift network despite US sanctions, but new clearing house could provide permanent loophole
People: Sri Lanka’s central bank promotes two new deputy governors
Attygalle and Karunarantne become deputy governors, Kilponen to succeed Välimäki at Bank of Finland, IMF promotes representative in Argentina, and more
Riksbank to add Norwegian and Danish krone to reserves portfolio
Change responds to banks’ liquidity requirements in these Scandinavian currencies
Bank of Mexico opens second banknote printing plant
Existing facility has reached capacity and cannot keep up with banknote demand, says governor
ECB nominates Enria as next head of banking supervisor
Italian candidate likely to be accepted as next head of SSM
Basel rules force small countries to face irrelevant risks – Bahamas governor
Stress-testing parameters irrelevant for many small jurisdictions, Rolle says
Iceland hikes rates for first time since 2016
Central bank tightens rates as inflation continues to rise above target
Rajan sees room for disagreement between RBI and government
But former governor says triggering Section 7 would be cause to be “very worried”