This weekend’s global IT outage caused by a software update gone wrong highlights the interconnected and often fragile nature of modern IT infrastructure. It demonstrates how a single point of failure can have far-reaching consequences.…
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Central bank digital currency (CBDC) can fulfil the role of cash as retail public money to help maintain a well-functioning monetary system, a paper from the Bank of Canada (BoC) argues. BoC researchers Francisco Rivadeneyra,…
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By Brendan Pierson (Reuters) – A U.S. appeals court on Friday ruled that a regulation ordering deep cuts in power plants’ carbon emissions can go ahead while it considers a challenge from more than two…
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Businesses are often tempted to cut their marketing budgets for the short-term savings it provides – but those cuts can cause problems in the long term. A new study my colleague Tarun Kushwaha and I…
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Speech by Klaas Knot, Chair, Financial Stability Board, at the Committee on Payments and Market Infrastructures (CPMI) conference on the ‘Progress and priorities on the G20 cross-border payments roadmap’ in Florence, 11 July 2024 The views…
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A massive IT outage is currently affecting computer systems worldwide. In Australia and Aotearoa New Zealand, reports indicate computers at banks, media organisations, hospitals, transport services, shop checkouts, airports and more have all been impacted.…
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Gold is approaching its record highs, rising 50% from its 2022 lows and 25% since mid-February. According to Morgan Stanley commodity strategists, this surge is driven primarily by the physical market, with central bank purchases…
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President Joe Biden, currently seeking a second term as the Democratic Party’s nominee, is 81. Former President Donald Trump, the Republican Party’s nominee, is 78. No one older has run for U.S. president before. That…
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19 July 2024 Join us virtually on 22 August at 13:00-15:00 CEST to discuss our consultation report on the evaluation of the effects of the G20 financial regulatory reforms on securitisation. This virtual workshop will…
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NGFS study offers three proposals to help green monetary operations – Central Banking End of drawer navigation content Skip to main content Report highlights eight case studies, including central banks in China, Japan, the eurozone…
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