Central Banking

Shareholders of Lebanon’s banks should be first in line to bear the cost of restructuring the country’s financial sector www.centralbanking.com/central-bank...

ECB to offer repo line access to almost all central banks - Central Banking Euro liquidity ‘granted by default’ unless breaching AML/CFT rules or sanctions, says Lagarde

ECB updates repo facility to provide standing access to nearly all monetary authorities www.centralbanking.com/central-bank...

MAS and HKMA aim to green red envelopes over Lunar New Year - Central Banking Monetary authorities encourage the giving of used notes or electronic cash gifts to cut waste

HKMA and MAS turn to sustainable gift-giving for Lunar New Year www.centralbanking.com/central-bank...

BSP to use satellite imagery to aid policy-making - Central Banking Philippines central bank partners with space agency to help identify climate-vulnerable communities

BSP signs agreement with space agency to use satellite technology to assess climate risks www.centralbanking.com/central-bank...

BoE to assess eligibility of digital gilts in monetary operations - Central Banking UK set to become first G7 country to issue sovereign bonds on DLT

Treasury hopes sandbox pilot will “catalyse” adoption of DLT across UK financial markets
www.centralbanking.com/fintech/7975...

Suspended Bulgarian deputy appointed as caretaker PM - Central Banking Country’s president says Gurov is only candidate not tainted by association with outgoing government

Bulgaria appoints suspended deputy governor as caretaker prime minister www.centralbanking.com/central-bank...

Nigeria opens up official dollar market to bureaux de change - Central Banking Move aims to strengthen retail FX liquidity and close spreads with exchange rate in informal economy

Nigeria begins to allow bureaux de change to access the official foreign exchange market www.centralbanking.com/central-bank...

RBNZ welcomes external probe into Covid-era monetary policy - Central Banking Finance minister says bank’s easing and asset purchases caused ‘decades-high inflation’

RBNZ welcomes independent review into its monetary policy during the pandemic www.centralbanking.com/central-bank...

UAE central bank joins Hong Kong’s bond clearing scheme - Central Banking Monetary authorities say move will provide Gulf state with direct access to renminbi debt market

Central Bank of the UAE joins Hong Kong bond clearing scheme www.centralbanking.com/central-bank...

European parliament votes for online and offline digital euro - Central Banking MEP's stance on CBDC is now closer to that of EU heads of government

European Parliament votes to approve both versions of ECB’s digital euro www.centralbanking.com/fintech/7975...

BNM selects firms for tokenisation and stablecoin pilots - Central Banking Malaysian institutions to test wholesale payments and tokenised asset settlement

BNM selects participants for tokenisation and stablecoin projects www.centralbanking.com/central-bank...

Iraq’s KRG launches payment system for government bills - Central Banking Central bank-approved platform forms part of digitisation efforts in autonomous Kurdistan Region

Government of Iraq’s Kurdistan Region launches platform for digital government payments www.centralbanking.com/fintech/7974...

Brazil’s Pix gaining prominence in B2B transactions – report - Central Banking Small businesses increasingly using platform for procurement, study from fintech company finds

Brazil’s Pix is becoming a more popular option for smaller businesses, says report www.centralbanking.com/central-bank...

Brunei to focus on Islamic and sustainable finance - Central Banking Central bank says it has no plans to introduce a CBDC or stablecoin regulations

Developing Islamic and sustainable finance to be key areas of focus over the next five years, says Brunei central bank www.centralbanking.com/central-bank...

Dollar will remain core to global finance – Saudi governor - Central Banking US currency maintains strong liquidity and robust legal framework despite “hiccups”, says Sayari

The US dollar will remain central to the global monetary system because of its strong market liquidity and robust legal framework, says Saudi governor www.centralbanking.com/central-bank...

China says tokenisation illegal under existing framework - Central Banking PBoC and agencies update 2021 crypto guidelines to place restrictions on real world assets

Real-world asset tokenisation illegal under existing regulations, say Chinese authorities www.centralbanking.com/central-bank...

Nexus picks operators to build and run ‘network of networks’ - Central Banking CEO expects global scalability following launch of multi-country fast payments linkage

Nexus appoints Singaporean and Malaysian operators to design and operate network www.centralbanking.com/central-bank...

This is not quite Japan’s ‘Truss moment’ – ex-BoJ board member - Central Banking Experts add that central bank is unlikely to have to intervene directly in sovereign bond market

Bank of Japan unlikely to have to intervene in the country’s sovereign debt markets, experts say www.centralbanking.com/central-bank...

Tech issue caused RBA systems outage, says Bullock - Central Banking Australian governor apologises and says payments failures were ‘not acceptable’

Internal technical problems caused RBA outages, says Bullock www.centralbanking.com/central-bank...

ECB holds rates again, despite below-target inflation - Central Banking Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure

ECB holds rates www.centralbanking.com/central-bank...

Full ‘postmortem’ on QE yet to be written – Klaas Knot - Central Banking Former DNB governor expects Fed to continue international monetary diplomacy under Warsh

A full evaluation of quantitative easing as a monetary policy tool is “yet to be written”, says Klaas Knot www.centralbanking.com/central-bank...

BoE holds rates at 3.75% in yet another close decision - Central Banking Good progress on disinflation and weak labour market open door for cut in March

Bank of England holds rates www.centralbanking.com/central-bank...

BoK and BI’s QR payments link to come online in April - Central Banking South Korea and Indonesia also renew $7.3bn currency swap agreement for five years

South Korea and Indonesia’s cross-border QR code-based payments link to come online in three months, say central banks www.centralbanking.com/central-bank...

MAS says support for IMF’s anti-poverty work aids stability - Central Banking Central bank to provide $36.9m to aid fund’s work in Sudan and other underdeveloped countries

Our support for IMF’s anti-poverty work aids stability, says MAS www.centralbanking.com/central-bank...

Miran resigns from Trump’s Council of Economic Advisors - Central Banking Departure from White House role comes after senators on banking committee called for his resignation

Stephen Miran quits Trump’s Council of Economic Advisors www.centralbanking.com/central-bank...

Slovenia’s politicians agree to appoint Dolenc as governor - Central Banking Acting head given full tenure more than a year after parliament rejected president’s initial choice

Primož Dolenc confirmed as governor of Bank of Slovenia www.centralbanking.com/central-bank...

Most non-centrally cleared repos have zero haircuts, FSB warns - Central Banking New report provides sweeping view of $16 trillion market and suggests ways to close data gaps

Most non-centrally cleared government bond repurchase agreements operate with zero haircuts and therefore pose significant risks, warns FSB www.centralbanking.com/central-bank...

HKMA wants lenders to accelerate post-quantum planning - Central Banking De facto central bank to unveil preparedness index, among other future-proofing tech initiatives

HKMA releases “tactical” fintech blueprint www.centralbanking.com/fintech/regt...

Bank of Israel pushes back against politicians’ calls to buy gold - Central Banking Head of markets says bank has done enough sanction-proofing with its portfolio, but refuses to elaborate

Official tells Israeli parliament that Bank of Israel considered investing in gold, but ultimately decided not to www.centralbanking.com/central-bank...

Warsh is an excellent pick for Fed chair, says Quarles - Central Banking Former vice-chair believes Trump’s choice will make policy-makers feel heard

Randal Quarles praises choice of Warsh to lead Fed www.centralbanking.com/central-bank...