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ECB nominates Bundesbank’s Buch as new head of supervision

ECB nominates Bundesbank’s Buch as new head of supervision

The European Central Bank’s governing council today (September 13) nominated Deutsche Bundesbank vice-president Claudia Buch as the new head of the central bank’s supervisory board. Buch is set to replace Andrea Enria, whose non-renewable five-year…

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RBI’s CBDC pilot has 1.5 million users, says Das

RBI’s CBDC pilot has 1.5 million users, says Das

The Reserve Bank of India’s central bank digital currency trial has been rolled out to 1.5 million users, governor Shaktikanta Das said on September 6. Das gave the update on the e-rupee pilot project, which…

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Tunisian president wants central bank to directly finance budget

Tunisian president wants central bank to directly finance budget

The Central Bank of Tunisia The president of Tunisia has called for the central bank to directly finance the government, as the country faces a growing economic crisis. Kais Saied made the remarks when visiting…

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Fabio Panetta to chair CPMI

Fabio Panetta to chair CPMI

The Bank for International Settlements said Fabio Panetta will take over as chair of its Committee on Payments and Market Infrastructures (CPMI), as part of a changeover in committee leadership. The incoming Bank of Italy…

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Barr says Fed will not issue CBDC without legislation

Barr says Fed will not issue CBDC without legislation

US Federal Reserve vice-chair for supervision Michael Barr affirmed his institution’s cautious policy on central bank digital currency (CBDC), reiterating that it “has made no decision on issuing a CBDC”. Speaking on September 8 at…

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Legal dispute pits Costa Rica central bank against financial supervisor

Legal dispute pits Costa Rica central bank against financial supervisor

Central Bank of Costa Rica A conflict between Central Bank of Costa Rica (BCCR) and its financial regulatory arm escalated on September 1, when the prosecution service raided the offices of the regulator’s oversight council.…

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US Senate confirms Jefferson and Cook for Fed posts

US Senate confirms Jefferson and Cook for Fed posts

The US Senate voted to confirm two people nominated by president Joe Biden for senior posts on the Federal Reserve on September 6. It confirmed Philip Jefferson as vice-chair of the Fed’s board. It also…

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PBoC developing interoperable QR codes for digital yuan

PBoC developing interoperable QR codes for digital yuan

The People’s Bank of China (PBoC) is working on rolling out unified QR code standards that would enable payments using its central bank digital currency (CBDC), the digital yuan. Under the plans, people would be…

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People: July to September 2023

People: July to September 2023

New head for PBoC The standing committee of China’s congress named Pan Gongsheng governor of the People’s Bank of China on July 25, succeeding Yi Gang. The PBoC had already announced on July 1 that…

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Kazakhstan joins mBridge project – Central Banking

Kazakhstan joins mBridge project – Central Banking

The National Bank of Kazakhstan (NBK) has joined the Bank for International Settlements-led mBridge project, the National Payment Corporation of Kazakhstan revealed on August 25. The national provider of payments systems and digital financial infrastructure…

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