The Central Bank of Lebanon is to be audited as recriminations fly over the country’s descent into economic crisis. The government appointed turnaround consultants Alvarez & Marsal to carry out the audit, after a cabinet…
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Central banks may need to “embrace failure” if they are to get ahead of new developments in the technology space, says Dominik Weh, a partner at Oliver Wyman. “You can only fulfill your mandate and…
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BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more by : Source link
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The Central Bank of Nigeria formally introduced eNaira, a pilot retail central bank digital (CBDC) currency on October 25. Nigeria, Africa’s largest country by population, becomes the first on the continent to introduce a pilot CBDC. The amount of electronic currency currently…
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This year marks our second annual Fintech & Regtech Global Awards, which were launched to recognise technological excellence in the field of central banking and among the firms that provide essential support to the community.…
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The State Bank of Pakistan The Saudi Fund for Development has boosted the coffers of the State Bank of Pakistan with a $3 billion deposit, adding to a recent recovery in the central bank’s reserves.…
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Yves Mersch, European Central Bank Europe is not politically ready for “European safe bonds” which would bundle together the sovereign debt instruments of different eurozone countries, Yves Mersch said today (February 10). Mersch, a member…
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The path from ordinary operations to crisis communications is not typically a long one. Running monetary and financial stability policy often means addressing crises: bank failures, currency fluctuations, critical systems outages and sudden capital movements…
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Four Democratic senators introduced legislation to forbid Federal Reserve officials from holding or trading individual stocks and other securities on October 26. The proposed law, titled the ‘‘Ban Conflicted Trading at the Fed Act’’, would…
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The International Monetary Fund’s executive board has adopted a voluntary code that helps central banks assess their transparency against best practices. The central bank transparency code sets out five key “pillars” of operations, building on…
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