Governance
BoJ’s Himino: Stablecoins strengthen dollar privilege
Deputy governor calls for ‘holistic’ system involving stablecoins, CBDCs, tokenisation and cash
Zafar Parker on 25 years of reserve management at the Sarb
Amid evolving risk, the head of financial markets talks about the journey to excess balance transfers to the government as South Africa’s reserves rose from $20bn to $80bn
Working group minutes: guarding financial independence
Dynamic capital may help but tailoring accounting frameworks to central banks is still challenging
Geopolitical shifts and the evolution of reserve management: adapting to a new reality
How great power rivalry affects central bank portfolios by the Central Bank of Brazil’s Ricardo da Costa Martinelli
Book notes: Redefining the monetary standard in the digital age, by Livio Stracca
A comprehensive and readable account of what digitalisation could mean for monetary policy
Trends in reserve management 2026: survey results
101 central banks, responsible for $9.5trn+ reserves, reveal exclusive data on FX interventions, if the US dollar is still seen as a safe-haven currency and approaches to investing in 20+ currencies
Inside the BoK’s homegrown AI system, Boki
Sovereign platform will reshape staffing needs and pay for itself within five years, digital innovation chief Jungphil Park tells Jono Thomson
Regulators must adapt to monitor AI risks in payments – paper
IMF authors point to tension between probabilistic agents and payment systems’ deterministic needs
DoJ drops Powell probe, clearing way for Warsh
U-turn comes after Thom Tillis doubled down on threat to block president’s chosen successor
Lagarde calls for reform of IMF’s voting system
ECB president says multilateral institutions need to be ‘better aligned with what the world has become’
Lane says Blanchard’s Eurobond proposal is ‘feasible’
ECB’s chief economist calls for expanded supply of euro-denominated safe assets
Waller proposes consolidating regional Fed operations
HR, finance and procurement should be done by Washington instead of locally, governor says
People: Bank of Greece approves new term for governor
Plus: change at the top in Vietnam, new general counsel at Netherlands Bank
PBoC says world in flux calls for more IMF involvement
Pan Gongsheng says world should confront ‘enormous challenges’ with multilateralism
Governance Benchmarks 2026 – model banks analysis
Data reveals differences between groups in board composition, legal protections and more
Governance Benchmarks 2026 – executive summary
Benchmarks data explores many legal issues, including scope of central bank law, independence and legal protections for governor
Sama’s Al-Sayari on financial resilience and the future of the riyal
The Saudi Central Bank governor speaks with Christopher Jeffery about the Middle East conflict, the transformation of the Saudi economy, improving prudential oversight and contingency planning, and the development of the fintech and tokenised ecosystem
Book notes: Can Europe survive? By David Marsh
Marsh poses important questions and cannot be blamed for failing to produce a roadmap to continental salvation
Governance Benchmarks 2026 – legal matters
Data reveals challenges relating to financial independence and legal protections for officials
The evolution of central banks
Bank Negara Malaysia governor Abdul Rasheed Ghaffour writes that the roles and responsibilities of central banks are evolving in a changing landscape
MNB found more than 4,000 issues with renovated HQ – report
Shoddy workmanship and leaky ceilings at Hungary’s central bank among issues named
Governors still lack immunity
Benchmarks data gives mixed picture on the protections officials can expect from criminal and civil actions
Use AI for ‘deeper insights’, not to make decisions – CBBH head
Selimović also discusses payments and reserves at Central Banking’s Kuala Lumpur meetings
Independence lower where central banks face legal issues
Financial independence a bigger problem where central banks say law is inappropriately worded