Central Banking Archives - Page 78 of 103

UK regulators extend complaints review after pressure from lawmakers

A consultation into the complaints scheme of the UK’s financial regulators has been extended after concerns were raised by a parliamentary committee. On September 11, the chair of the Treasury Select Committee sent letters to…

BoE to implement TCFD climate impact recommendations

The Bank of England will implement recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD) when publishing its 2019–20 annual report. The TCFD recommendations are aimed at helping businesses and other organisations to…

Union objects to Colombian central bank’s branch closures

The union that represents workers at the Colombian central bank has condemned its plans to repurpose some of its regional branch offices. The union, Anebre, claimed the central bank was engaging in a “labour massacre”…

People: Canadian deputy governor retires

Canada: Lawrence Schembri, deputy governor of the Bank of Canada, will retire on June 17 this year. Schembri’s term as deputy governor began in 2013. Deputy governor Sharon Kozicki will take over Schembri’s responsibilities analysing…

Stablecoin risks raise need for CBDC research – Brainard

The risks associated with the growing use of stablecoins could be one reason to develop a central bank digital currency (CBDC), say top officials from the European Central Bank and Federal Reserve. “Think of it…

African countries leveraging data for regtech

Sub-Saharan African countries are beginning to leverage regulatory data to improve their supervisory processes, according to a research paper published by the International Monetary Fund. The paper, Fintech in Sub-Saharan African countries: a game changer?, notes…

IMF paper tracks Asian authorities’ responses to volatile capital flows

Asian emerging market economies (EMEs) have deployed a wide range of tools to insulate themselves against volatile capital flows, with monetary policy particularly stretched, analysis by the International Monetary Fund finds. Reflecting a growing recognition…