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The Deutsche Bundesbank’s digital transformation

The Deutsche Bundesbank’s digital transformation

The German central bank’s new digital agenda includes major re-engineering of legacy analytics, processes, innovation management and digital competency by : Source link

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Poland law would fund coal benefit with central bank’s profit

Poland law would fund coal benefit with central bank’s profit

The Polish government is proposing using central bank profits to subsidise households that use coal as heating fuel. The programme would provide a single 3,000 zloty ($640) payment to every Polish home with a coal-burning…

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CBDCs could limit bank runs, US paper argues

CBDCs could limit bank runs, US paper argues

Well-designed central bank digital currencies (CBDCs) could improve financial stability, says a paper published by the US Office of Financial Research. Todd Keister and Cyril Monnet’s paper, Central Bank Digital Currency: Stability and Information, argues…

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Lagarde says tech should be used for crypto regulation

Lagarde says tech should be used for crypto regulation

Christine Lagarde: regulatory and supervisory technology can help “shut criminals out of the crypto world” The head of the International Monetary Fund has suggested using the same technological innovations that underpin cryptocurrencies to help regulate…

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Agustín Carstens on fixing the global monetary system

Agustín Carstens on fixing the global monetary system

The BIS chief speaks about how to strengthen the global safety net, vulnerabilities in emerging markets and the challenges and opportunities posed by fintech by : Source link

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Balance sheet saw ‘substantial’ growth in past year, says RBA’s Stevens

Balance sheet saw ‘substantial’ growth in past year, says RBA’s Stevens

The past year saw a number of factors expand the Reserve Bank of Australia’s (RBA) balance sheet, governor Glenn Stevens wrote in the central bank’s Annual Report 2014. Stevens described the changes as “substantial”, saying…

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Christopher Waller denies Fed is ‘behind the curve’

Christopher Waller denies Fed is ‘behind the curve’

Christopher Waller, a member of the Federal Reserve Board of Governors, told a conference on May 6 that the Fed was not falling short of its mandate. He defended the actions of the US central…

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Fed internal watchdog clears Powell and Clarida

Fed internal watchdog clears Powell and Clarida

The US Federal Reserve’s Eccles Building The Federal Reserve’s internal watchdog cleared chair Jerome Powell and former vice-chair Richard Clarida of ethical violations arising from equities transactions in 2020. In a memorandum addressed to Powell…

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BoE capital injection lays ground for stronger crisis response

BoE capital injection lays ground for stronger crisis response

The UK government revealed on June 21 that it would be injecting £1.2 billion ($1.6 billion) into the Bank of England. Governor Mark Carney called the agreement “ground-breaking”, saying it would provide important backing for…

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BIS is strengthening ties with the Americas, says Carstens

BIS is strengthening ties with the Americas, says Carstens

The Bank for International Settlements is strengthening its ties with the Americas as part of a broader overhaul of its strategy, general manager Agustín Carstens said on October 1. Carstens, himself a Mexican citizen, highlighted…

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