Subject: Top stories this week in Central Banking

THIS WEEK
TOP STORY
GFTN’s Maha El Dimachki on the tech forces facing central banks
Tokenisation, AI and quantum are converging as global financial corridors evolve
  12 Oct 2026   |  Interview
Financial Stability
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
14 Oct 2026   |  News
Currency
One-fifth of EMDE central banks actively discourage cash use
Digital payments are reducing cash demand, especially in advanced economies
14 Oct 2026   |  Commentary
Financial Stability
AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
13 Oct 2026   |  News
Payments
FSB warns global stablecoins remain untested in crisis
Complex cross-border regulatory structures have emerged, body says
12 Oct 2026   |  Official Record
Financial Stability
FSB calls for ‘urgent action’ on public liquidity backstops
Many jurisdictions at risk of having to ‘improvise under pressure’, report says
09 Oct 2026   |  Official Record
Foreign Exchange
China hits back at criticism of yuan policy
PBoC denies devaluation claims, says other nations are responsible for their declining competitiveness
09 Oct 2026   |  News
Monetary Policy
Monetary policy must be more agile during AI transition – study
Bank of Italy paper says inflationary developments offer more reliable guide than long-term r*
12 Oct 2026   |  Research
Operating framework
Zoltán Kurali on the MNB’s monetary policy framework review
Hungarian deputy explains the rationale behind cutting the target from 3% to 2.5%, retaining a tolerance band and reducing meeting frequency
13 Oct 2026   |  Interview
Financial Stability
Supervisory culture at Fed a ‘decades-long problem’ – Bowman
Vice-chair says there will be restructuring, while ‘tailoring’ of regulations will also change
14 Oct 2026   |  News

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