Europe
Half of planned CBDCs designed to be programmable
Two-thirds of wholesale CBDCs likely to be programmable
Most central banks without CBDC mandate engaged in retail projects
Only one in three banks has a legal mandate for CBDC issuance, but many are still working on digital currency
American central banks less likely to struggle with fintech recruitment
But American banks face toughest battle for talent retention
Cool heads must guide financial regulation of climate risk
Supervisors can’t simply rely on ‘magical thinking’ of market discipline, says Sergio Scandizzo
Quantum computing could help with prudential policies – study
Bank of Italy paper says technology could help central banks simulate stress scenarios for lenders
Fintechs more likely to be licensed in upper-middle income countries
Licence issue rate across central banks broadly unchanged year on year
ECB could do more to internationalise euro – research
Becoming international lender of last resort, issuing safe assets could improve offshore use
Cyber, suptech and CBDCs are top areas for fintech research
Central banks with fintech strategy more likely to prioritise CBDCs
Cyber security and legacy systems still greatest technology challenges
But concerns differ by central banks’ CBDC mandate
Trump, the Fed and climate’s undeniable systemic risk
Experts disagree on the impact of the Fed’s withdrawal from the NGFS but are united about climate change’s devastating effect on the financial system
European politicians clash over ECB review, climate, digital euro
Report on bank’s performance critiques climate mandate, loss of purchasing power
Bigger rate cut would have sent clearer signal, says BoE dissenter
MPC member says UK’s economic outlook would have justified 50bp reduction
Central banks lacking fintech unit less likely to have a strategy
Respondents’ strategic priorities include digitalisation, regulations, collaborations and others
Norges Bank considers joining T2
Norwegian central bank says it anticipates deal could be reached this year
Bank of England wants dynamic Emir for UK clearing houses
Review won’t just photocopy EU legislation, as BoE seeks to make rules simpler and adaptable
FSB: big banks could be sidelined from future rescue deals
Exacerbation of too-big-to-fail means G-Sibs could already be too large to take extra assets
Four in five central banks lack chief fintech officers
Centralised fintech teams more likely to have chief fintech officers
Eurozone ‘not in a recession at all’ – Cipollone
ECB vice-president says there is “room to cut”, digital euro work continues and bitcoin is not gold
Rivers, birds and cultural spaces to feature on new euro notes
Design contest to start in 2025, though introduction “several years” away
CNB takes next step towards adopting bitcoin
Board approves governor’s proposal to look at “additional asset classes”, which could include crypto
European Central Bank makes 25bp cut
Lagarde “confident” EU central banks will not add crypto to their reserves
AI transcript hints at nepotism in ECB hiring practices
Opaque wage adjustment processes are unaccountable, sources tell Central Banking
Trump says ‘no’ to CBDCs
Digital asset schism between US and eurozone widens
Privacy and security seen as greatest AI risks
Larger risk teams more likely to provide training to staff on risk types