The Bank of England has become the latest central bank to collaborate with the Massachusetts Institute of Technology on research into central bank digital currency (CBDC). The Bank of Canada and the Boston Fed are…
Read More
With regulators leveraging technological innovations to move towards informed, data‑driven decision‑making and automation, supervisory technology is attracting enhanced interest. Kimmo Soramäki and Phillip Straley examine how regulators are gaining insight by examining interconnectedness in datasets,…
Read More
Politicians and central bankers need to radically rethink how they view blockages in the global economic system, if the world is to escape its current “low-growth trap”, said former Bank of England (BoE) governor Mervyn…
Read More
A working paper published by the IMF on July 2 considers how to strengthen the legal frameworks underpinning public debt management across the globe. In Designing Legal Frameworks for Public Debt Management, Elsie Addo Awadzi,…
Read More
The Bank of England’s new website The Bank of England launched a new “visual identity system” on March 3, including a redesigned website, new logo and changes to the way it presents data. “One part…
Read More
Joe Biden, the Democrat’s presidential nominee to face incumbent Donald Trump in the November US elections, is promising to create a third mandate for the Federal Reserve, focusing on racial inequality. Biden plans to work with…
Read More
Sveriges Riksbank has submitted a proposal to the Swedish parliament to transfer Skr3.8 billion ($411 million) of its profits to the Treasury, the central bank said today (February 18). The plan put forward by the…
Read More
Central banks have been understandably cautious about embracing cloud computing, fearing data breaches and other cyber risks. So one might not necessarily expect the financial markets group – critical as it is to the Reserve…
Read More
The government of Kuwait said it had appointed Basel Al-Haroun the next governor of the Central Bank of Kuwait, Reuters reported on March 14. He will succeed Muhammad Yousef al-Hashel, who has been governor since…
Read More
US president Joe Biden has ordered government agencies, including the Federal Reserve, to develop a central bank digital currency (CBDC) proposal within seven months. The March 9 executive order gave the Fed and other agencies…
Read More