“As central banks, we are fundamentally open to innovation,” said Burkhard Balz, executive board member of the Bundesbank, speaking in Singapore in November. The future of central banking looks inextricably bound to innovation. Over the…
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There are several regional monetary unions in the making in Africa, including the East African Community (EAC), the Economic Community of West African States (Ecowas) and the Southern African Development Community (SADC). There was even…
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The Reserve Bank of Zimbabwe has held its first auction of government debt since 2012, in a move marking a significant change in policy. But the news follows an announcement by Zimbabwe’s finance minister that…
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The Bank for International Settlements The Bank for International Settlements is to open its main tower to the public, as it belatedly celebrates its ninetieth anniversary. Originally planned for 2020, the ‘BIS 90 Years’ event was…
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Argentina’s vice-president Cristina Fernández de Kirchner, central bank governor Miguel Ángel Pesce and his predecessor, Alejandro Vanoli, were acquitted of fraud on April 13. The nation’s top appeals court dismissed the “dollar futures fraud” case against…
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The Netherlands Bank has backed plans by the International Financial Reporting Standards (IFRS) Foundation to set global sustainability reporting standards, In September, the IFRS Foundation issued a consultation paper, outlining a proposed framework for sustainability…
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The evolving ‘strategy function’ in central banks – Central Banking Study shows central banks still struggle to fully utilise strategy units The discipline of ‘strategic planning’ emerged in private-sector companies in the 1960s, and became…
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Central Bank of Colombia, Bogota The president of Colombia, Iván Duque, appointed his former finance minister to the board of the central bank on August 30. Alberto Carrasquilla left office in May after a tax reform…
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The Bank for International Settlements is set to work with four central banks to test the settlement of cross-border transactions using their prototype central bank digital currencies. The BIS will collaborate with the central…
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The Group of 20 and Bank for International Settlements have launched a new cloud-based ‘TechSprint’ initiative to see how technology can streamline regulatory and supervisory processes. “Problem statements” have been drawn up to identify challenges…
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