The US Commodity Futures Trading Commission (CFTC) is making a major effort to catch up with its peers in the UK and Singapore by setting up a financial technology ‘laboratory’, making more extensive use of…
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James Boughton, Harry White and the American creed: how a federal bureaucrat created the modern global economy (and failed to get the credit), Yale University Press, November 2021, 464 pages Harry Dexter White (1892–1948) is among…
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The Bank of Lithuania has become one of the first central banks in Europe to invest in Chinese securities in a change of direction that sees the central bank target a more profitable investment of…
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There is wide variation in the amount of traffic that central bank websites attract. Of the 30 banks that provided data to the Communications Benchmarks 2022, nine reported a monthly average of between 1 and…
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The Reserve Bank of India’s ban on financial firms providing services relating to crypto assets has been overturned by India’s Supreme Court. In a ruling dated March 4, the court ruled the RBI did have…
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Ghana’s central bank is merging five troubled banks into one new lender, Consolidated Bank Ghana, its governor, Ernest Addison, announced on August 1. Addison accused shareholders and senior managers at the various banks of extraordinary and…
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Iceland’s authorities should deal with concerns over bank privatisation, financial regulation and an overheating housing market, an International Monetary Fund staff report says. The IMF published the findings of its most recent Article IV mission…
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Central Bank of Colombia, Bogota The board of the Colombian central bank unanimously approved a 150 basis point increase in the policy rate on June 30. The move, which brought the rate to 7.5%, is…
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Taiwan’s central bank said on June 29 that it has completed the second phase of its central bank digital currency (CBDC) trials. Yang Chin-Long, governor of the Central Bank of the Republic of China, said…
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The Dubai Financial Services Authority has announced the first set of firms to be granted innovation testing licenses (ITLs) under a new “cohort” framework, following “continued interest” from players in the market. According to a statement…
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