Despite rapid progress on research into central bank digital currencies (CBDCs), more work is needed in some important areas, a Bank for International Settlements working paper says. Raphael Auer and co-authors identify cross-border CBDCs as…
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In March 2019, Central Banking launched its second annual FinTech & RegTech Global Awards to showcase some of the groundbreaking projects being undertaken in the community. The results are revealed in the awards articles published…
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The Central Bank of Armenia In contrast to the 2013 ‘taper tantrum’, the Federal Reserve’s actions to dial back monetary easing could be good news for many emerging market economies (EMEs), Martin Galstyan, governor of…
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UK debt still seen as ‘safe haven’ asset despite Brexit The UK’s first two gilt auctions since voting to leave the European Union were met with high demand, this week – in particular the 10-year…
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The Bank for International Settlements, Basel The signals central banks send to the private sector and the information they receive in return could be enough to explain the decline in the natural rate of interest,…
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The Federal Reserve Board of Governors announced it would adopt strict new regulations barring its officials from investing in individual stocks and bonds (October 21). The board’s new rules will impose tighter disclosure rules and…
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The Central Bank of Lebanon is to be audited as recriminations fly over the country’s descent into economic crisis. The government appointed turnaround consultants Alvarez & Marsal to carry out the audit, after a cabinet…
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Central banks may need to “embrace failure” if they are to get ahead of new developments in the technology space, says Dominik Weh, a partner at Oliver Wyman. “You can only fulfill your mandate and…
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BIS names Innovation Hub directors; Bundesbank sends representative to Madrid; and more by : Source link
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The Central Bank of Nigeria formally introduced eNaira, a pilot retail central bank digital (CBDC) currency on October 25. Nigeria, Africa’s largest country by population, becomes the first on the continent to introduce a pilot CBDC. The amount of electronic currency currently…
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