News
MAS launches asset tokenisation and DeFi project
First pilot on bond transactions will involve state-owned firms and JP Morgan
BoE finds ‘shortcomings’ in three UK banks’ resolution plans
Central bank’s first resolvability assessment concludes banks can now fail “safely”
Argentine central bank struggles to meet reserves targets
IMF signs preliminary agreement for loan payment but reports say BCRA cannot meet reserve target
Lesotho appoints new central bank governor
Acting governor Mohapi will become first deputy
ECB announces 25bp rate raise and QE slowdown for July
September increase may be steeper, as ECB forecasts higher inflation and lower growth
Czech president names three new rate-setters
Some observers say appointment may create dovish majority on board
Virtual asset service provider sues Fed
Crypto firm wants “master account” but critics warn of regulatory problems
Central banks and UN working to improve remittance data
Flows are critical income sources for many economies, but data is often limited
Rates round-up: RBI adds 50bp to main rate
Chile announces eighth rate hike; Thai PM reveals rate hold early; and more
Fed’s Waller joins chorus of concern over crypto
Growing number of central bankers now talking about crypto regulation
People: Skingsley to head BIS Innovation Hub
New deputy governor in Philippines; BIS names new Asia-Pacific rep; and more
Ukrainian debt holders brace for restructure
Investors could see a 40% haircut on the bonds, though final figure will depend on complex talks
Ukrainian central bank hikes rates and warns of rising financial risks
NBU says fall in yields on hryvnia-denominated assets may lead to dollarisation
West African leaders name new central bank governor
Previous governor departed in April, leaving interim leadership unclear
Swiss central bank defends board structure
Think-tank suggested governing board was “susceptible to group think” in April report
Israeli sovereign wealth fund launches after years of delay
Government finally accrued required tax revenues from gas and mining sectors
Global climate standards ‘badly needed’ but elusive, say central bankers
“I am not sure we are going to get there,” ECB president says
Rates round-up: Canada adds 50bp to main rate
Kenya orders first rate increase since 2015; Dominican Republic hikes 100bp; and more
Biden holds rare meeting with Fed chair Powell
Yellen admits she was wrong about the path of inflation in 2021
BoE set to gain stablecoin insolvency powers
Government proposal would amend existing rules for dealing with failed payment systems
NGFS moving from climate ‘awareness to action’ – MAS’s Menon
Net-zero transition has been “tepid” despite the limited time remaining, MAS chief says
IMF urges Kosovo to fill vital central bank positions
Supervisory board lacked quorum for approximately 18 months
Honduran banknote to honour murdered activist
Berta Cáceres, who was killed in 2016, has been declared a “national hero”
Nigerian governor remains in office despite president’s call for resignation
Electoral commission also calls on Emefiele to step down over bid to become next president