Central Banking
People: Nigeria reappoints deputy governors
Czech National Bank names new deputy; New York Fed appoints chief operating officer; and more
BIS finds Brexit dented London’s financial ‘pre-eminence’
London remains a leader in banking and derivatives, but has lost some market share
Fed warns banks on crypto exposures
Regulators cite “lack of maturity and robustness” in crypto firms’ risk management
Rates round-up: Turkey pauses rate cuts
Egypt hikes main rate 300bp after IMF deal; Indonesia decelerates tightening; and more
Italian prime minister says ECB policies are ‘making things worse’
Government ministers warn of difficulties for Italian sovereign bonds
Iran appoints new governor amid protests and plummeting rial
Farzin becomes fourth head of central bank in less than two years
E-yuan uptake disappointing, former PBoC researcher says
Xie Ping argues consumer cash needs already met by other services
RBI strategy targets global rupee use
Central bank aims for wider use of Indian payment technology and spread of national currency
Palestine weathers ‘complex crises’ but faces further slowdown
Unemployment remains high and the government’s budget under severe stress
The strong dollar, global inflation and global recession
Steve Kamin asks whether the Fed’s tight policy is pushing the world towards recession
There’s work to be done on RTGS contingencies
Central bankers from Canada, Thailand, Singapore and Brazil discuss RTGS backup planning, including how redundancy, cost and complexity prevent central banks from operating more contingency sites
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges. Central Banking looks back at the stories that made the biggest impact this year
Court rejects bid to arrest CBN governor
State security application comes as Nigerian central bank calls in naira notes and elections near
New law gives BI monetary financing power during crisis
Law also adds mandate for central bank to support economic growth
Shoppers in Hong Kong encouraged to use e-yuan
PBoC’s mainland expansion of digital renminbi continues
Kentucky restaurant sues Fed
Restaurant latest plaintiff to argue that debit interchange fees are illegally high
Eurozone citizens still use cash in majority of transactions
Cash use declines since 2019, but still makes up almost 60% of transactions
Sri Lanka cabinet approves draft of new central bank law
Measure will end CBSL role in buying government bonds
It is time to reorganise the Bank of England
Recent crises have shown the BoE’s management structure to be outdated, says William Allen
ECB adjusts risk controls with eye on collateral availability
First assessment of climate risk in collateral framework concludes no climate-related changes needed
Bo Bo Nge in hands of ‘arbitrary’ regime
Jailing of reform-minded central banker is “attack on central bank governance globally”
Kazakhstan explores crypto co-existence in Binance CBDC trials
World’s largest crypto exchange working on crypto regulation in other central Asian states
