Regtech has the potential to revolutionise regulators’ insights into the financial system. Indeed, it already has. While it could be argued that 2008 was the catalyst for much of the regulatory reporting we see today,…
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The International Monetary Fund and Ghana reached a preliminary, staff-level agreement on a three-year funding package worth almost $3 billion on December 12. The loan will help Ghana meet a tangle of economic crises, from…
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The US Federal Reserve’s Eccles Building New legislation will require the US Federal Reserve board to create a database of institutions that hold, or have applied for, access to key Fed facilities known as master…
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The Federal Reserve Bank of Chicago Economist and former Obama administration official Austan Goolsbee will be the next Federal Reserve Bank of Chicago president, the regional Fed announced on December 1. Goolsbee will take office…
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The Bank of England is seeking a third-party supplier to develop a mobile wallet for central bank digital currency (CBDC). The BoE has not confirmed it plans to issue a CBDC and says it will…
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This is the second part of Central Banking’s roundtable discussion with several economists about the challenges facing the US Federal Reserve. You can find the first part of the discussion here. How do you characterise…
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Inflation remains arguably the most pressing economic issue in the US. Excluding food and energy, the personal consumption expenditure price index increased 5.1% from one year ago in September. Headline PCE inflation was 6.2%. But…
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Santo António, in São Tomé and Príncipe The government of São Tomé and Príncipe has removed the central bank’s administrative council and appointed former finance minster Américo Ramos governor. According to news agency STP Press,…
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Instant, cheap, universal and securely settled cross-border payments could become a reality in the next decade, European Central Bank officials have said. Central bank-issued digital currency combined with domestic payment systems could deliver this, Ulrich…
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World Bank president David Malpass warned the current global economic climate could lead to widespread defaults in the developing world. Speaking on December 1, he said he was “worried about a disorderly default process”. Malpass…
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