Regulation
RBNZ to ban foreign bank branches from retail deposits
Central bank plans to change regulatory policy for branches of overseas banks in 2028
BoE promises new ‘rulebook’ for clearing houses and CSDs
Official says post-Brexit arrangements will be ‘more adaptable and dynamic’
CFPB proposes supervising large non-bank payment firms
Regulator says this is a part of a larger programme to monitor big tech
CCPs’ stress-test results have improved, BoE says
UK institutions can absorb default losses and maintain liquidity better than in 2021–22, regulator says
Chinese vice-premier He Lifeng appointed to key financial roles
Veteran party official to lead new bodies overseeing China’s economic policy
All Cuban businesses must offer electronic payments, says ministry
New rule is part of government’s response to ‘critical’ shortage of cash
BoE wants stablecoins fully backed with central bank deposits
Systemic stablecoins would have to back issuance with unremunerated deposits
Data sharing as a policy intervention
Increasing access to data represents another policy lever regulators can pull to achieve their objectives, writes David Bholat
Most central banks forecast currency demand over 1–3 years
Minority of institutions use big data for forecasting purposes
Fewer than 100 staff work in currency divisions on average
Duties including upholding Covid-19 countermeasures in some jurisdictions
China vows long-term strategy to resolve local debt risks
Officials stress need to strengthen Communist party control over China’s financial sector
Average value of counterfeit banknotes rises
UV ink the most common security tool used in battle against fake banknotes
Polymer adoption stalls in 2023
Only two benchmark respondents have concrete plans to change substrate
Former executives of troubled lender wanted by Vietnam police
Central bank is looking for investors to acquire failed Saigon Commercial Bank
Central banks maintain average of four cash centres
Figure has remained stable for the last five years
Slightly more central banks have access-to-cash policies
Almost two-thirds of respondents have access policies and nearly half minimum service rules
US regulators issue new climate guidance, despite opposition
Governors Waller and Bowman voice strong disapproval
Majority of central banks maintain currency denominations
Only a few countries removed denominations from active circulation in past five years
Decentralised finance has outpaced regulation – ECB paper
Technology with ‘no legal personality’ poses financial stability risks
CBDC opponent is Republican speaker candidate for four hours
Emmer has introduced 'CBDC Anti-Surveillance Act' to lower house
Visual aids nearly universal on banknotes
Majority of respondents use four or five features on their paper currency
US Treasury division proposes crypto mixer regulation
Proposals target terrorism financing after Office of Foreign Assets Control sanctions Hamas
Central banks report increase in value of banknotes in circulation
Average volume of notes declines by 2.9% year on year
Central banks report continued fall in cash usage
Share of cash payments remains high in upper-middle income jurisdictions, but falls marginally overall