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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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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The US Senate confirmed Michael Barr to a four-year term as the Federal Reserve’s vice-chair for supervision on July 13, and separately appointed him as a member of the board of governors for a term…
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Central banks have the high costs and slow speed of many cross-border payments firmly in their sights. They believe that embracing new technologies, such as instant payment systems and international bridges between national central bank…
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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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