Payments
Bank of Russia to scrap some FX transfer limits
Institution to lift restrictions four months early for citizens and foreigners from “friendly countries”
Synchronisation can support tokenised securities settlement – BoE
But central bank says it is unclear whether it outperforms unified ledger
Serbia says sanctions on Russia pose financial stability risks
Central bank sounds warning as government threatens to divest Russian stakes in domestic oil refiner
Sarb finds ‘no compelling need’ for a retail CBDC
Central bank pivots towards wholesale version while modernising national payments system
HKMA asks Hong Kong’s banks to assist victims of apartment fire
Lenders requested to offer liquidity, repayment flexibility and replace documents for those affected
ECB in no hurry with new structural operations – Välimäki
Portfolio will first need to be reduced ‘considerably’, says bank's alternate board member
BSP remains cautious about stablecoins as proposals roll in
Deputy governor says most submissions are for dollar-backed assets focused on retail use
Central banks must respond to challenges of digital innovation – panel
Central Banking Autumn Meetings panel looks at how stablecoins, CBDCs and AI are shaping decision-making
ECB moves to link Tips with India’s UPI and Nexus
Connection with Nexus still hinges on ECB exploring potential ‘feasibility’
BoE, MAS and BoT to test synchronised FX settlement
Project will use ‘synchronisation operator’ to achieve atomic settlement
CBDC or fast payments can break up ‘walled gardens’ – BIS paper
Study of ‘competing digital monies’ finds public system could prevent fragmentation and rent-seeking
India to set up remittance link with Bahrain
Bilateral corridor will facilitate instant payments by Gulf kingdom’s large Indian community
Stablecoins should be tightly regulated – HSBC exec
John O’Neill says lender’s views on the assets are aligned with those of central banks
ECB holds rates for third consecutive time
Lagarde celebrates ‘fading risks’ to eurozone growth thanks to trade deals and Gaza ceasefire
Why Europe cannot afford to delay the digital euro
CBDC would counter the erosion of sovereignty as cash recedes, substitution by foreign digital monies and weaponisation of access, argue Biagio Bossone and Céu Pereira
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
RBA’s Bullock confident in banks’ ability to meet quantum risks
Central bank governor says more innovation and collaboration will be needed in future
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
Bank of Italy develops cross-border payments solution
Researchers say their approach enables instant cross-currency international transfers
Prioritise CBDCs over stablecoins, RBI’s Malhotra tells central banks
Indian central bank governor says CBDC collaboration needed to boost cross-border payments