International
Central bank money and private payments must co-exist – CPMI
BIS committee sets out four policy roles for monetary authorities as payments landscape evolves
Fed holds rates as Warsh cuts number of meetings
Cook and Hammack push for 25bp hike as chair announces strategy-focused meetings with no policy decisions
The risks and returns of ever-expanding swap and repo lines
Increase in central bank swap agreements and repo facilities should help to counter future liquidity squeezes. But the proliferation is fraught with political risk
Singapore touts trust and neutrality to win central bank gold
MAS and SBMA believe there is room for multiple gold hubs; play down competition with Hong Kong
Malaysia and Thailand join MAS digital payments initiative
BoT, BNM and World Bank join MAS project alongside eight private sector players
RBNZ chief economist values greater freedom to share policy views
Paul Conway also says central bank flexible about potential mandate change
Peer comparison launches
Watch the demo of Central Banking’s new peer comparison tool, part of the Benchmarking Service
Lagarde sees slower pass-through after bond sell-off
Higher yields will limit knock-on effects from energy shock, ECB president tells IMF meeting
Dan Katz on the IMF’s role amid a fracturing economic system
The first deputy managing director speaks about the fund’s efforts in technical assistance, central bank guidance, debt workouts and surveillance in a system beset by fiscal imbalances, geopolitical fissures and digital disruption
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?
Warsh: I’ve focused too much on monetary policy
Fed chair vows to pay more attention to supervision, payments systems and consumer affairs
National Bank of Ethiopia joins Papss
Network says it will increasingly focus on boosting Africa’s connectivity with global payment systems
Success of Rwanda’s eKash comes from mandatory use – governor
Central bank learned from UPI and Pix on how to lower transaction costs on instant payment system
Mandatory cash acceptance not always backed by other policies
Benchmarking data suggests possible mismatch between demands on banks and merchants
Yue: China’s growth issues won’t impact yuan internationalisation
HKMA chief also says rising long-term bond yields have not affected Hong Kong
IMF, World Bank and BoT launch fraud prevention blueprint
‘Bangkok Blueprint’ targets more than just financial sector to ensure trust in digital financial products
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
BoK to review use of dot plot it debuted this year – Shin
Governor aims to find forward guidance ‘sweet spot’ and says any review will wait until at least next year
AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
Resilience is watchword in IMF’s World Economic Report
Tenreyro says sources of oil, trade and tech inputs should be diversified if economies are to withstand shocks
FSB warns global stablecoins remain untested in crisis
Complex cross-border regulatory structures have emerged, body says