The Americas
The Fed shares trading scandals, five years on
Could revised rules serve as template for other central banks?
Volume of damaged notes withdrawn from circulation increases
Frequency of official fitness tests tends to have bearing on removals
Atomic settlement: a solution to cross-border payment woes?
Experts say simultaneous settlement has the potential to improve cross-border frictions – so why are central banks lukewarm?
One in five central banks to issue new banknotes next year
Third of respondents have seven denominations of banknotes in circulation
Number of banknote depots linked to cash cycle involvement
Public and private sectors jointly bear distribution costs in most jurisdictions
Imminent US shake-up of LCR slated to include discount window
Adding Fed liquidity facility to bank regulation may help overcome stigma, raise lending capacity
Volume of cash in circulation averages less than 5bn notes
Proportion of payments made using cash averages 40% in past year
Printworks owners have seven times more cash staff
Currency departments generally more satisfied with non-staff resources than staffing
Trump sets up committee to investigate Cook
Courts had previously ruled US president had not followed due process in trying to fire Fed governor
UK FCA to investigate itself after whistleblower died by suicide
Regulator appoints ex-BoE official to examine procedures as it faces criticism from former staff
Investors price in sanctions risk for US equities – study
NY Fed authors say geoeconomic risk driven by firms’ exposure to sanctioned countries’ supply chains
Stablecoins issuers’ debt wish not enough to meet US needs – study
SF Fed authors say demand for Treasuries will be much smaller than government’s requirements
AI not having major impact on US graduate jobs – study
NBER researchers say changes in employment market are not statistically significant
Third parties manage roughly one-sixth of reserves
Compensation for external asset managers takes different forms across jurisdictions
Foreign exchange interventions jump 71% year on year
One in four central banks uses derivatives for FX intervention
Investment tranches account for half of reserves
Just one-fifth of central banks lack tranching mechanisms
Larger reserve holders operate longest portfolio duration
Duration among respondents holds steady at around two years, on average
Reserves exposure to non-SDR sovereign debt increases
US Treasuries and gold remain the most prominent asset classes
Managers predict moderate AI impact on reserves
But many reserve managers see high future potential for AI
Staff strength and salary associated with size of reserves
Managers report greater satisfaction with non-staff resources than staffing levels
Counting the cost of central bank staff errors
Risk managers expose underlying causes and outline measures to curtail incidents