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People: Chilean Senate confirms board member

People: Chilean Senate confirms board member

Chile: The Senate of Chile confirmed Luis Felipe Céspedes to the five-member board of the central bank (November 30). His term begins on February 6. Céspedes will replace Joaquín Vial Ruiz-Tagle, who is also the…

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CBDC issuance should not be rushed, say central bank experts

CBDC issuance should not be rushed, say central bank experts

Several central bank officials called for caution over introducing central bank digital currencies (CBDCs) at the Singapore Fintech Festival today (November 11). Nick Ogden, founder and director of payment services firm RTGS.global, told a panel…

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Suptech focus – AI to the rescue?

Suptech focus – AI to the rescue?

With the increased use of artificial intelligence in financial services, Vizor Software explains why it is crucial that regulators increase their knowledge of the potential risks while simultaneously raising internal AI skill levels and usage.…

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Crises enliven ‘totalitarian temptations’

Crises enliven ‘totalitarian temptations’

The coronavirus pandemic will embolden governments and bodies such as the International Monetary Fund to grasp for more power, writes Steve Hanke by : Source link

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Debt deal struck but ‘heated’ discussions await Argentine president in congress

Debt deal struck but ‘heated’ discussions await Argentine president in congress

Alfonso Prat-Gay, Argentina’s finance minister The creditors may have said yes, but Argentine president Mauricio Macri still faces an “uphill battle” to get the debt settlements on its 2001 default agreed in congress, a task…

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BoE ends off-the-record meetings with banks

BoE ends off-the-record meetings with banks

The Bank of England will no longer hold off-the-record briefings with individual financial firms, in a bid to increase transparency. According to a report from Reuters, the BoE said the move was a “permanent step…

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Slovak governor charged with bribery

Slovak governor charged with bribery

The governor of the National Bank of Slovakia, Peter Kazimir, is being investigated for bribery, according to media reports. The charges are linked to his time as finance minister in the government of former prime…

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ECB reallocates subscribed capital after Brexit

ECB reallocates subscribed capital after Brexit

The European Central Bank will maintain its subscribed capital at €10.8 billion ($11.9 billion) following Brexit, the ECB said on January 30, but contributions will be reallocated. The Bank of England’s departure from the European…

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RBI’s training college for supervisors goes fully operational

RBI’s training college for supervisors goes fully operational

The Reserve Bank of India has formed a training college for supervisors, as part of a broader attempt to strengthen its supervisory work. The college has been conducting limited teaching online since May 2020, but…

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Biden re-nominates Powell as Fed chair

Biden re-nominates Powell as Fed chair

US president Joe Biden announced he would nominate Jerome Powell for a second term as chair of the Federal Reserve Board of Governors today (November 22), ending a period of feverish speculation over the role.…

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