Regulation
High income countries have larger share of staff devoted to payments
Structure of central banks’ payments sections differs across institutions
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*
Virtual asset service provider sues Fed
Crypto firm wants “master account” but critics warn of regulatory problems
Most central banks have oversight of non-bank payments systems
Less than half have oversight of non-bank fintech service providers
Central banks and UN working to improve remittance data
Flows are critical income sources for many economies, but data is often limited
Fed’s Waller joins chorus of concern over crypto
Growing number of central bankers now talking about crypto regulation
Book notes: The future of money, by Eswar S Prasad
Prasad’s book is the best on the topic so far, providing the most complete description of issues and factors that will shape the future of money
People: former New York Fed chief Corrigan dies
New deputy governor appointed in Honduras; Bundesbank names head of research; and more
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
Yellen calls for new stablecoin regulation amid algorithmic crash
Terra, a leading stablecoin, lost its dollar peg as several crypto-assets fell
Shadow banks: the biggest threat to US financial stability?
Non-bank risks may be the greatest problem facing the Fed’s incoming vice-chair for supervision
Zimbabwe freezes all bank lending
President announces controls on money creation to stem decline of currency
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Central African Republic makes cryptocurrency legal tender
War-torn state is second country to give crypto official status, after El Salvador
BoE backs cut to insurers’ capital requirements
Post-Brexit move to ease regulations requires tightening of some other rules, central bank says
Bank of Jamaica will expand supervision of climate risks
Central bank notes island country is among 20 most vulnerable to climate change
BoE’s Woods envisages radically simplified capital regime
Prudential regulation head sketches simplified Basel III alternative
Paraguay legislative committee rejects crypto law
The central bank issued strong objections to the law, which passed the upper house in December
The international effort to manage NBFI risks: where do we stand?
The Covid-19 shock demonstrated more needs to be done to address stability risks posed by the NBFI sector. Maurizio Trapanese details progress made during the Italian G20 presidency as well as outstanding macro-prudential issues
Stablecoins revive US narrow banking debate
Legislators suggest simplified bank rules to regulate issuers, but Federal Reserve is cautious
Chile central bank board adopts code of conduct
Regulations include anti-drug measures and trading restrictions
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
Lifetime achievement: Stanley Fischer
Fischer has had a profound impact on monetary economics and central banking during his prolific career