Data
The signal and the noise: cash forecasting in uncertain times
From big data tools to Arima models and structural time series, cash forecasting methods are evolving. The work could prove critical to the future of cash during uncertain times
High income countries have larger share of staff devoted to payments
Structure of central banks’ payments sections differs across institutions
Payments oversight more difficult in poorer nations
Lower income central banks more likely to feel they need more resources
CBDC and bank intermediation in the eurozone
An assessment of the impact different ‘digital euro’ designs related to remuneration and usage limits could have on the banking system, including during times of stress*
FSB and IMF wrap up post-crisis data gaps initiative
Some issues remain despite “significant progress” since 2009, report finds
Few central banks offer free RTGS transactions
Most central banks use a mix of fixed and variable fees to recoup RTGS operating costs
Global climate standards ‘badly needed’ but elusive, say central bankers
“I am not sure we are going to get there,” ECB president says
Majority of central banks only have one RTGS contingency site
More than half of institutions have had RTGS outages since 2020
Many central banks plan RTGS upgrades in coming year
Over 80% expect to renovate systems within five years
NY Fed releases supply chain pressure tracker
Recent months have seen resurgence of supply chain bottlenecks
Communications Benchmarks 2022 – executive summary
Key findings of the 2022 report, including the ongoing shift to social media and the impact of Covid-19
Tackling private-sector debt in the wake of the pandemic
Navigating Covid-19 debt is more of a challenge amid gathered storms of inflation and war, write Roong Mallikamas and Benjamin Weigert
Fed hiring more staff to examine cloud providers
Regulator wants to put more “boots on the ground” at firms such as Amazon, Google and Microsoft
Social media ahead of traditional comms for central banks
High income institutions still skewed towards traditional channels
Central banks use wide array of external comms channels
Institutions employ about 10 media formats on average, and almost all use social media
Central bank websites vary greatly in popularity
Some get hundreds of page views per month, while others get millions
Email main channel for central banks’ two-way communication
A majority of central banks interact with the public through social media platforms
BIS paper says people should have more power over their data
Authors propose “consent-based architecture” to let consumers control how data is used
Central banks use multiple channels for internal comms
Email and platforms developed in-house are top channels, but many others are also common
QR code payments pave way for borrowing – BIS paper
Chinese merchants that offer QR code payments can more easily access credit from big tech firms
Central banks offer wide range of comms training courses
Many train communications staff in areas such as writing, public speaking and social media
Many central banks ‘layer’ news for different audiences
Techniques include use of differing language, visual and video presentation, and data release
BIS figures show banks cutting Russia exposures
Exposures down almost half since Russia annexed Crimea in 2014
Central bank comms staff earn $40,000 on average
Data shows wide disparity across institutions and income groups