FMI
Tanzania jails two over central bank corruption scandal
First court cases heard after 2008 corruption scandal; two businessmen jailed
De La Rue profits nose-dive
UK banknote printer De La Rue reports 63% decline in operating profits after racking up large costs from a “single customer”
Malaysia announces new banknotes and coins for 2012
Bank Negara Malaysia to issue new banknotes and coins; design will be “distinctively Malaysia”
Bankruptcy does not exclude consumers from credit markets: Fed paper
Federal Reserve study finds evidence that bankruptcy filers are not excluded from unsecured credit markets but usually pay a higher premium for finance
ECB - Target2 Annual Report (2010)
European Central Bank Target2 2010 Annual Report says transaction values rose 7.6% for the year
Namibia introduces interbank lending rates
Bank of Nambia launches the country’s first-ever official short-term interbank lending rates; gives full endorsement and encourages further developments
ECB’s Tumpel-Gugerell: self-regulation hasn’t worked for Sepa
European Central Bank executive board member Gertrude Tumpel-Gugerell acknowledges banks’ progress “has not achieved the required results”
Bank of Namibia to issue new banknotes in 2012
New security features will be added to notes; old notes will still be legal tender
Cash has a future: Sweden’s Nyberg
Riksbank deputy governor Lars Nyberg predicts cash will continue to be used for payment despite decline in usage
Overdraft surveys reduce balances in the red: Philly Fed paper
Philadelphia Federal Reserve study examines impact of overdraft surveys on bank balances
Singapore challenges Hong Kong over global yuan hub status
Singapore agrees to open Chinese bank to clear yuan trades; Hong Kong’s plans to become centre for offshore yuan trade at risk
Russia launches Olympic coins
Bank of Russia launches Sochi 2014 coin series to “promote Olympic values in Russia and abroad”
IMF praises PMA as Palestine bids for statehood
Palestine Monetary Authority “now in a position to carry out functions of a central bank” as the territory bids for statehood recognition as of September
Consumers move back to cash payments: Boston Fed paper
Boston Federal Reserve study finds evidence of decline in credit and debit card usage and increase in cash payments during financial crisis
Sepa end-dates should be set in stone: ECB
European Central Bank proposes concrete end-dates for migration to Single Euro Payments Area
Sweden picks famous faces for new banknotes
Riksbank announces motifs to be emblazoned on new banknotes; include actress Greta Garbo, author Astrid Lindgren and singer Birgit Nilsson
Bernanke pledges tough oversight of CCPs
Federal Reserve chairman Ben Bernanke says reforms to financial market infrastructure will help strengthen supervision of central counterparties
Australia investigates options for updating payments system
Assistant governor of the Reserve Bank of Australia reveals insights into the review being conducted of the country’s payments system
Polish OTC clearer aims for 2012 launch as Europe fragments
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps
Zambia’s Fundanga on effects of illegal cross-border trade on monetary policy
Bank of Zambia governor Caleb Fundanga says small-scale cross-border trade could interrupt monetary policymaking
Atlanta Fed paper on evolution of US mobile payments
Atlanta Federal Reserve study says unique set of rules necessary for mobile payments industry to evolve in United States
Central Bank of Colombia paper on too-connected-to-fail
Central Bank of Colombia study calls for too-connected-to-fail rather than traditional too-big-to-fail approach
BoJ’s Miyao pledges continuity of settlements system during planned blackouts
Bank of Japan Policy Board member Ryuzo Miyao says in-house power generation at central bank branches would support settlements systems ahead of planned power shortages
China and HK central banks close to finalising new CNH clearing arrangement
Market participants are close to completing the legal and operational details relating to a new custodian account arrangement that would allow the city's participating banks in offshore renminbi to take credit risk against the People's Bank of China…