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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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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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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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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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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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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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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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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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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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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