Europe
Barry Eichengreen on the evolution of the global monetary order
The US monetary expert speaks to Thomas Chow about similarities between the dollar and 18th century Dutch money and why Washington has bet on the ‘wrong horse’ with private stablecoins
Trust must remain bedrock of monetary system – panel
Speakers emphasised need for regulatory alignment and common standards as payments evolve
Central banks face hydra-headed cyber threats – panel
Geopolitics and concentration risk mean attacks could threaten financial stability as well as operations
Zoltán Kurali on Hungary’s reserves strategy and euro adoption
Deputy governor speaks about portfolio positioning amidst geopolitical volatility, AI, CBDC and the future of the forint
Domestic growth unlikely even if Germany wins World Cup – Nagel
Bundesbank president says momentum will pick up by 2028 and calls for further deregulation
People moves: Adrian to step down from IMF
Plus senior appointments in Belgium and Botswana
Austria and Finland warn of Iran war’s impact following ECB hike
Higher energy prices are slowing growth and raising inflation, central banks say
Regs, not tech, create most cross-border payment issues – panel
One speaker tells London Meetings that ‘last mile’ compliance causes 80% of delays
Humans still in charge of AI use at central banks – panel
Speakers at London Meetings share their experiences of adopting new technology
ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
De-dollarisation presents new opportunities – panel
Speakers at London Meetings outline unique approaches to dealing with changing investment landscape
Supervision must be forward-looking, says ECB’s Donnery
Resilience prepares banking system for complex risk landscape, top supervisor tells London Meetings
Monetary policy is about robustness, not precision – panel
Uncertainty is no longer an exception but the norm, panellists tell Central Banking London Meetings
AML/CFT seen as biggest barrier to improving cross-border payments
All African central banks say AML/CFT compliance is a major challenge
Three in 10 instant payment systems built in-house
Montran is most widely-used commercial partner for development
One in five central banks regulates stablecoins
Most respondents are indifferent on use of stablecoins for payment
Conglomerates face higher risks than banks – ECB’s Tuominen
Shocks could have outsize impacts on institutions offering both banking and insurance, supervisor says
Crisis? Which crisis? How ECB stress test failed to see Strait
Banks were told to design geopolitical shock scenarios, but some focused mainly on tariffs
Number of unplanned outages in RTGS systems doubles
Central banks with longest average downtime typically plan to upgrade system within a year
Working group minutes: tokenised platforms vs synchronisation
Central bankers weigh up merits of emerging technologies and debate stablecoin use cases
Iceland could join euro even during a crisis – ECB’s Vujčić
BoE’s Mann also highlights pros and cons of country’s accession at currency conference
BoE asks public to vote for their favourite animals
Bank opens consultation on which creatures should feature on its next set of notes
Two-thirds of RTGS systems now aligned with ISO 20022
Over 80% of central banks aligned with CPMI harmonised standards
RTGS systems with broader hours accessed by more financial firms
Number of non-banks with RTGS systems access doubles year on year