Payments
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
Saudi Central Bank joins mBridge
Cross-border CBDC project with China, Hong Kong, Thailand and the UAE opens up further to private sector
Lessons from the banking turmoil of 2023
Guardrails on capital, liquidity, deposit insurance, resolution, digitalisation and disintermediation need a rethink
Oman central bank joins Afaq payments system
System is operated by company owned by Gulf region’s central banks
Lkhagvasuren Byadran on geopolitics, gold and 100 years of central banking on the steppe
Bank of Mongolia governor Lkhagvasuren Byadran speaks about monetary and financial reform, embracing AI and fintech, and Mongolia’s new SWF
Use machine learning to protect payment systems – research
Tool could also be used to warn of money laundering and bank runs, researchers say
Book notes: Fintech: finance, technology and regulation, by Ross Buckley, Douglas Arner and Dirk Zetzsche
An excellent overview of fintech 3.0 and 4.0 that also includes suggestions for smart regulation
China links CBDC to Hong Kong’s fast payments system
Hong Kong residents can top up wallets via 17 retail banks as PBoC continues to promote use
Cecilia Skingsley on monetary policy tech and a unified ledger
Head of the BIS Innovation Hub speaks about tokenisation, CBDCs and the ‘black box problem’ in AI
PMA launches instant payments amid Gaza cash shortage
Instant payments rolled out as most banks in Gaza have suffered “partial or total destruction”
Bundesbank’s Nagel: central bank business models are changing
Panetta says wholesale CBDC likely to launch sooner than retail; Das gives update on digital rupee
BIS’s Zhang Tao on why Asian central banks favour a broader policy mix
The BIS’s Asia chief speaks with Christopher Jeffery and Jimmy Choi about supporting liquidity, financial stability and innovation in the Asia-Pacific region
Book notes: Virtuous bankers: a day in the life of the 18th-century Bank of England, by Anne L Murphy
A bottom-up account of how clerks managed operations and enhanced the BoE’s reputation
RBA report looks at cross-border payments
Multilateral platform would be more scalable than bilateral links, Australian central bank says
Day-to-day payments too reliant on big tech – BdF deputy
Digital euro will not create a European ‘Big Brother’, Denis Beau says
Payment fraud is on the rise in Denmark and Sweden
Scammers and fraudsters are moving to digital realm
Moldovan instant payments system used over 100,000 times
Central bank says new system’s use will expand to businesses this year
ECB says iPhone is currently incompatible with digital euro
Apple users may have worse digital euro payments experience – Cipollone
RBI increases payments surveillance during elections
Indian central bank tells system operators to watch for suspicious transactions, report says
BoE’s digital securities sandbox to lead to new regulatory regime
Five-year project to open for applications this summer
SNB to explore wCBDC settlement for monetary operations
Project Helvetia allows safe and efficient settlement, says governor, but retail CBDC is risky
Africa’s CMA revamps cross-border payments over AML fears
Central Bank of Lesotho officials say the transition should be smooth but challenging
Laos and Brunei join Asian cross-border payments initiative
Laotian and Thai central banks also launch new cross-border payments link
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months