Central Banking Archives - Page 86 of 103

Dallas Fed president resigns, following Boston’s Rosengren

Robert Kaplan, president of the Federal Reserve Bank of Dallas, announced on September 27 he would leave office on October 8. Kaplan had faced criticism since it was revealed early in September that he held…

KYC initiative could help stem correspondent banking decline

Work is under way to create a regional know-your-customer (KYC) framework within the South Pacific in an attempt to halt the decline of cross-border banking services. In December 2019, governors from South Pacific central banks…

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…

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,…

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,…

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…