News
Gontareva’s home burns as government returns to PrivatBank negotiations
Former NBU governor says her house was burned to the ground in an alleged arson attack; government back in negotiations with PrivatBank owners despite bank’s collapse
RBNZ flags insurers’ weak governance and risk controls
Conduct and culture review finds un-updated data, poor customer eligibility and products charging excessive premiums
People: Lagarde and Mersch receive European Parliament backing
Majority of European Parliament votes in favour of new ECB president and supervisory vice-chair
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, the central bank says
Global growth will strengthen in 2020, says strategist
Central banks should be cautious about responding to manufacturing slowdown, Kevin Gardiner says; Fed likely to cut again in September 18 decision
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
FCA chief calls for EU to extend Brexit clearing exemption
Bailey also urges EU to grant equivalence determinations for UK trading venues
Lane stresses broad consensus on ECB policy
Comments come after criticism from German and Dutch central bank governors
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoins group included Libra Association, Fnality and JP Morgan
Zimbabwean rates hit 70% as inflation remains in triple digits
Central bank attributes rapid price rises to restructuring of the economy; rates will now be set by monetary policy committee
Dutch governor attacks ECB’s new stimulus
Klaas Knot says rate cut and QE is “disproportionate to present economic conditions”; Germany's Weidmann also critical
Fed policy is reinforcing overvalued equities, Shiller warns
Robert Shiller talks to Central Banking about his latest research, “Narrative Economics”
Papua New Guinea upgrades payment system
More financial institutions to use new central switch in bid to improve efficiency and inclusion; international networks also to be added
BoE’s Hauser urges firms to adapt to forex market fragmentation
Less sophisticated firms are paying much higher spreads, executive director says
ECB cuts rates to new record low and re-starts QE
Deposit rate decreased to –0.5% and open-ended asset purchases launched at €20 billion a month
Singapore looks to establish term RFR by 2020
Swaps linked to overnight rate will help create term structure, says industry committee member
People: Colombia appoints new policy board member
Roberto Steiner joins the Central Bank of Colombia; UK FCA appoints chief economist; new PSR head named
Turkey launches second major rate cut
Central bank slashes further 325 basis points off main rate
How data is driving a counter-revolution in cash
As the payments landscape undergoes far-reaching changes, central banks are mobilising new data tools and technologies to better understand and serve demands for physical currency
ECB expected to cut rates and restart QE to boost inflation
But Draghi’s ambitious stimulus package faces growing opposition from governors in surplus countries
Aussie regulator signals tougher misconduct stance
Asic warns it will use new powers to punish misconduct in wake of excoriating Royal Commission review
UK regulator seeks ways to ‘open up’ payments data
PSR says “synthetic data” could be used in trials to protect confidentiality
Law could help central banks fight the next recession
Brookings panel discusses using countercyclical regulations to boost spending at the ZLB
RBI weighs plan to boost securitisation market
Government-sponsored intermediary could be formed to act as market maker and standard setter