Central Banking
Kyrgyzstan to pursue digital strategy with Zhao
Country’s president calls Binance founder “trusted adviser” following controversial pardon by Trump
Bailey defends BoE’s internships for black applicants
Governor says internships are open to all, after politicians say programme is “discriminatory”
PBoC’s language suggests policy shift on yuan – China economist
Central bank drops ‘cautious’ from pronouncements on currency’s internationalisation
Hong Kong’s fintech strategy pits AI against AI – Yue
HKMA chief sets out AI focus after regtech adoption reportedly reaches 97%
Stablecoin rules should extend beyond issuers – FSI report
Some platforms offer yield-bearing products based on digital assets, latest brief points out
BoE considering new form of offline payments for UK
Phase two of digital pound work to start next month, as Bailey softens stance on stablecoins
US long-term unemployment uptick worries researchers
Minneapolis Fed authors point to ‘large and consequential trend’ upwards
Concentrated IT market poses systemic risks, Dutch say
AFM and DNB urge Europe’s financial sector to diversify digital service providers
RBA’s Bullock confident in banks’ ability to meet quantum risks
Central bank governor says more innovation and collaboration will be needed in future
SNB to open ‘Moneyverse’ in renovated visitor centre
“Interactive experience” will help financial literacy and give “glimpse” into the SNB, central bank says
Fed researcher makes case for liquidity support for non-banks
Central clearing, liquidity regulations and balance sheet policies may be key, says author
Career concerns can lead to better FOMC voting – NBER paper
Study examines range of biases among Fed decision-makers
BoE’s Woods rejects call to exempt gilts from leverage rule
Bank capital regime must account for sovereign bonds’ interest rate risks, PRA chief says
BoK holds policy at 2.5% and signals room for further cuts
Rhee Chang Yong says four of six board members open to cutting to 2.25% over next three months
Interesting developments in currency denomination structures
Antti Heinonen explores recent changes in currency structures and the reasons behind them
Waller proposes ‘skinny’ master accounts for Fed payment services
New facility would enable firms to access Fed services without having to go through third-party lenders
Machine-to-machine could be future of payments – study
Existing 402 web protocol, coupled with AI, could enable frictionless transactions, says author
ESRB says central banks may be forced to intervene in stablecoin crises
New report lists concerns around regulatory arbitrage, de-pegging and monetary sovereignty
ECB and BoJ officials reject explicit forward guidance
Central bankers promote ‘meeting-by-meeting’ approach to rates setting
BoE plans system-wide test on private credit risks
Bank aims to probe market after First Brands and Tricolor collapses raise alarms about subprime lending
Economists divided on impact of yuan internationalisation efforts
Experts offer mixed views on measures including renminbi bonds, repos and HKMA facilities
Trump’s ethics a ‘sticking point’ for stalled crypto law
Republican lawmaker says questions about president’s holdings stymied passage of Clarity Act
Lagarde calls for EU-wide clean energy strategy
Integrated capital markets to finance affordable and sustainable sources of power, ECB president says
US inflation regime persistently above target now – Fed economist
Price rises are broad-based and have significantly impacted expectations says researcher