Bank for International Settlements (BIS)
BIS attacks crypto in report to G20 officials
But report promotes DLT for use in cross-border wholesale CBDC
BIS reports gaps in CBDC cyber security modelling
Over 90% of central banks now working on a CBDC project, survey finds
People: Natia Turnava becomes first woman to lead NBG
National Bank of Georgia names Turnava acting governor; RBI appoints deputy; and more
SNB to test wholesale CBDC in real-world pilot
Tokenised assets will be settled on the SIX Digital Exchange
Corridor systems most used to set monetary policy
Floor systems less popular overall but widely used with asset purchase programmes
Central banks face tough fight for ‘last mile’ of disinflation – BIS
Credit losses could rival global financial crisis in higher-for-longer scenario, institution warns
BIS says strategic plan now 80% complete
Institution reports rise in profits as it continues to overhaul banking services
Unified ledger could usher in ‘profound’ economic change – BIS
Hyun Song Shin describes single platform for public and private money as “game changer”
People: Israel appoints new chief supervisor
IDB appoints chief operating officer; IADI gets new head; and more
Data privacy laws can boost fintech lending – BIS paper
Study finds Californian law led to more data being shared with fintech firms
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
People: April to June 2023
A round-up of central bankers in the news and on the move during the past three months
Central banks need short-run climate models – BdF governor
Governments may push central banks into ineffective climate action, Sarb governor warns
Combatting the ever-changing cyber threats in banking
Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.
Major central banks set out CBDC policy debates
BIS and central banks discuss major policy issues that still need to be solved
Central Bank of Chile sets first counter-cyclical buffer
BCC also warns government could face financing problems
BIS’s Restoy warns of limits to deposit insurance reform
Better use of supervision could solve many issues without deposit insurance reform, official says
Central banks should abandon floor systems – BIS’s Borio
Abundant reserves are causing distortions and could hamper policy-making, economist says
‘Robust’ wage growth consistent with disinflation – BIS paper
But firms need to avoid increasing their profit margins, authors find
Dollar’s commodities link is creating risks, BIS paper warns
Simultaneous rises in dollar and commodities prices could harm stability, researchers say
BIS offers guidance on offline CBDC design
Half of central banks say offline payments are “vital” to CBDC design
Supervisors should take action on interest rate risk – BIS paper
Core regulation alone will not neutralise all current risks, Financial Stability Institute says
Non-banks key to ‘absorbing’ sovereign debt – BIS paper
New database of key players in sovereign debt markets reveals EME reliance on non-banks
Another financial crisis hiding in plain sight
Steve Kamin analyses how the risks that sank SVB were plain enough to those who looked for them