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Fed joining NGFS would be a ‘game changer’ – Després

Fed joining NGFS would be a ‘game changer’ – Després

It would be a “game changer” if the Federal Reserve joined the Network for Greening the Financial System, the head of the group’s secretariat said.   Speaking at Central Banking’s Climate Risk event today (December…

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Guinea junta replaces central bank leadership

Guinea junta replaces central bank leadership

Conakry, capital of Guinea Guinea’s military government removed the governor and deputy governors of the Central Bank of the Republic of Guinea (BCRG) on December 7 and appointed new management, Guinean media reports. The president,…

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Project Jura executes ‘real-life’ cross-border CBDC settlement

Project Jura executes ‘real-life’ cross-border CBDC settlement

Bank for International Settlements, Basel The consortium behind Project Jura successfully settled a “real-life” transfer of securities and cash between France and Switzerland in November. The group – which includes the Bank for International Settlements,…

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Suptech use expanded during pandemic, says BIS report

Suptech use expanded during pandemic, says BIS report

Some regulatory authorities considerably increased their use of supervisory technology, or “suptech”, a new Financial Stability Institute survey finds.   Prior to the pandemic, regulatory authorities had made relatively limited use of suptech for prudential…

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Major economies already engaging in ‘currency wars’ – former IMF chief

Major economies already engaging in ‘currency wars’ – former IMF chief

Major economic blocs, such as the US, European Union, China and Japan, have engaged in ‘currency wars’ for a number of years, which now risk spiralling into ever more disruptive “beggar-thy-neighbour” policies, according to Jacques…

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Snapshot: IMF reveals staff views on Argentina

Snapshot: IMF reveals staff views on Argentina

Argentina to undergo IMF article VI consultation later this year The International Monetary Fund has released a host of informal briefings on Argentina compiled by staff between 2013 and 2015, after the Latin American nation…

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Powell: FOMC may accelerate taper

Powell: FOMC may accelerate taper

Fed will no longer refer to inflation as “transitory” by : Source link

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Campos Neto named in Pandora Papers

Campos Neto named in Pandora Papers

Roberto Campos Neto, governor of the Central Bank of Brazil (BCB), appears in the Pandora Papers leak of records as an assetholder in offshore tax havens, several media sources report. The International Consortium of Investigative…

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Liquidity operations squeezed Fed’s net income last year

Liquidity operations squeezed Fed’s net income last year

The Federal Reserve’s recent liquidity injections led to its lowest remittance to the Treasury since 2009, preliminary results show. The central bank handed over $54.9 billion to the Treasury, down from $65.8 billion in 2018.…

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Central bank social media usage continues to evolve

Central bank social media usage continues to evolve

There is no doubt the art of central bank communications is evolving constantly.   Before 1994, the US Federal Reserve would not publish the results of its interest rate decisions. Senior central bank officials rarely…

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