The Swiss National Bank’s profits dropped in 2020 by over 59% in relation to 2019, the central bank said today (March 2). The SNB reported profits of Sfr20.9 billion ($22.8 billion), down from Sfr48.9 billion…
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The Bank of England has admitted it has fallen short of ensuring employees from minority ethnic groups receive equal treatment, following a critical report by the bank’s oversight body. “The experience of colleagues with different…
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Canada: The Bank of Canada announced on July 21 that it had named Sharon Kozicki as a new deputy governor. Kozicki will begin work on August 2, the central bank said. Kozicki has served as…
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Central bank digital currency may be a necessary response to the decline in competition in the digital economy, staff at the Bank of Canada argue. “Without a public digital payment option, current problems related to…
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In a chain of events driven by new technology, one may sometimes get an eerie feeling of events preceding their cause. So, when it comes to designing a strategy for supervisory technology (suptech), it’s always…
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Major initial public offerings on the stock market will prompt capital inflows and protect the Hong Kong dollar peg, Eddie Yue, chief executive of Hong Kong’s de facto central bank, said last week. The aggregate…
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Somalia’s mobile money platforms have played an important role in distributing humanitarian aid, the country’s central bank said on October 17. Central Bank of Somalia governor Abdirahman Mohamed Abdullahi said the platforms have the potential to…
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Central banks should consider using a range of different formats to communicate economic information to different audiences, according to research from Australia’s central bank. In their paper, Joan Huang and John Simon examine how different…
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Malawian police arrested Dalitso Kabambe, former governor of the central bank on June 28, say media reports. The police confirmed that Kabambe was held at Lubadzi police station in the capital, Lilongwe. Three others connected to…
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The Deutsche Bundesbank will not distribute profit to the German federal government for the first time since 1979, it said on March 3. The Bundesbank this was mainly due to the increase in risk provisioning,…
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