National Palace of El Salvador, San Salvador El Salvador’s legislature ordered the central bank to convert more than $360 million worth of IMF special drawing rights (SDRs) into dollars and transfer these to the finance…
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Central banks that get involved earlier in the policy-making process rate their effectiveness more highly, data from Communications Benchmarks 2022 reveals. Similarly to last year’s benchmark, most officials said their comms teams are involved in…
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Andrew Bailey: chosen in December 2019 to succeed Mark Carney as governor of the BoE Andrew Bailey has been accused of being unfit to lead the Bank of England (BoE) by a high-profile UK activist,…
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The US Federal Reserve is set to face years in which it suffers losses due to the effects of interest rate risk stemming from its hefty asset holdings. The balance sheet peaked at a size…
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The Reserve Bank of India is in the process of updating and overhauling its approach to risk management, the central bank’s 2018–19 annual report shows. Several initiatives are under way. The enterprise risk management department…
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A policeman watches protesters in Maracaibo. A senior English judge ruled that the country’s courts would continue to recognise the Venezuelan opposition’s central bank board. The Venezuelan government’s central bank had asked the English court…
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The Banque de France has launched its second phase of central bank digital currency (CBDC) experiments. The central bank will conduct up to five additional experiments, after conducting nine over the past year, with a…
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Yves Mersch has said he remains sceptical about the benefits of “regulatory sandboxes”. “This is an area where, I would suggest, we exercise caution,” the European Central Bank executive board member said at a conference on…
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Mark Carney, Bank of England Flaws in the structure of many investment funds could be responsible for amplifying the volatility of capital flows and exacerbating problems with the functioning of the international monetary system, according…
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The Federal Reserve and US Treasury should start managing US government debt collaboratively and release a joint annual strategy statement to avoid working at cross purposes, a paper published today by Larry Summers, the former…
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