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Saudi Arabia boosts Pakistan’s reserves

Saudi Arabia boosts Pakistan’s reserves

The State Bank of Pakistan The Saudi Fund for Development has boosted the coffers of the State Bank of Pakistan with a $3 billion deposit, adding to a recent recovery in the central bank’s reserves.…

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Mersch: no political appetite for ‘European safe bonds’

Mersch: no political appetite for ‘European safe bonds’

Yves Mersch, European Central Bank Europe is not politically ready for “European safe bonds” which would bundle together the sovereign debt instruments of different eurozone countries, Yves Mersch said today (February 10). Mersch, a member…

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Central bank communications ‘after’ Covid

Central bank communications ‘after’ Covid

The path from ordinary operations to crisis communications is not typically a long one. Running monetary and financial stability policy often means addressing crises: bank failures, currency fluctuations, critical systems outages and sudden capital movements…

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Senators introduce Fed ethics law

Senators introduce Fed ethics law

Four Democratic senators introduced legislation to forbid Federal Reserve officials from holding or trading individual stocks and other securities on October 26. The proposed law, titled the ‘‘Ban Conflicted Trading at the Fed Act’’, would…

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IMF publishes transparency code for central banks

IMF publishes transparency code for central banks

The International Monetary Fund’s executive board has adopted a voluntary code that helps central banks assess their transparency against best practices. The central bank transparency code sets out five key “pillars” of operations, building on…

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Bank of Mexico creates environmental and social risk department

Bank of Mexico creates environmental and social risk department

The Bank of Mexico has created a new division charged with managing environmental and social risks, Mexican media reports.  A provision creating the department was added to the central bank’s internal regulatory code, and the amended code was…

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Chilean president grants Marcel new term as governor

Chilean president grants Marcel new term as governor

The president of Chile, Sebastián Piñera, named Mario Marcel to a second term as governor of the Central Bank of Chile on October 22.   The president praised Marcel’s “valuable contributions to the management of monetary policy and his input…

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ECB appoints members to new ‘digital euro’ board

ECB appoints members to new ‘digital euro’ board

The European Central Bank appointed all 30 members of its new Digital Euro Market Advisory Group on October 25. The ECB said the board members will advise on the design and distribution options available for…

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BIS paper: DLT opens possibility of ‘embedded supervision’

BIS paper: DLT opens possibility of ‘embedded supervision’

Distributed ledger data would be useful for supervision, but must be trustworthy, author says by : Source link

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IMFC backs new trust to channel resources to vulnerable economies

IMFC backs new trust to channel resources to vulnerable economies

The International Monetary and Financial Committee says it backs a proposed trust that would allow the International Monetary Fund to channel resources to a wider range of needy countries. The IMFC – one of the…

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