Central Banking
MAS secures more financial crime convictions
Nine individuals convicted as a result of MAS investigations over 18-month period
Norges Bank holds rates due to Covid fears
Norwegian central bank thinks the spread of Covid-19 likely to slow down recovery
People: Iceland’s central bank makes senior appointments
New legal head at Bank of Finland, and Bank of Israel appoints spokesperson and IT chief
Riksbank governor criticises proposed central bank law
Lawmakers’ proposal would damage ability to deal with crises and reduce independence – Ingves
BIS paper warns economies may stagnate after Covid-19
Author models the structural changes brought about by the coronavirus pandemic
BoE expands asset purchases as UK locks down again
MPC publishes more pessimistic forecast of 11% growth contraction and high unemployment
Brazilian Senate passes bill increasing central bank independence
Legislation still needs to be approved by the lower chamber of Congress
Colombia’s governor to leave central bank in December
Departure could open door to Ana Fernanda Maiguashca as first female governor
Barbados governor hits back at AML ‘blacklisting’
Action by EU is “pernicious” amid pandemic and IMF programme, says Cleviston Haynes
ECB paper looks at interest rate-growth differential
Several factors are likely to push differential up for some eurozone countries, say researchers
Disintermediation caused by CBDC can be prevented – research
Central banks can use lender of last resort power and decrease CBDC remuneration
World’s biggest IPO suspended after PBoC intervenes
Ant Group market debut suspended after Chinese authorities interview Jack Ma
Sri Lanka central bank sees signs of ‘strong recovery’
Signs of bounce-back in the economy but recent surge in virus cases could cause problems
Singapore’s central bank discontinues issuance of $1,000 banknote
Highest denomination will remain legal tender, but new issuance will cease at the end of 2020
RBA cuts rate and ramps up yield curve control
Economy is rebounding but central bank is worried about high unemployment
ECB slows down PEPP purchases
Purchases reached €12.6 billion in the week to October 30, the lowest level since PEPP was launched
South Sudan president fires governor again
President has now fired four governors and eight finance ministers, as multiple crises continue
Tunisian central bank forces state to cut spending plans
Prime minister abandons plan to widen deficit to 14% of GDP after governor refuses to finance it
Lebanese central bank ‘has not handed over audit documents’
Media reports say embattled central bank has not provided basic data on transactions
Dollar funding drives global house price movements – BIS paper
Non-US banks often depend heavily on dollar funding to issue mortgages, authors show
RBA announces wholesale CBDC project
Australia’s central bank partners with ConsenSys and local banks for proof of concept
Covid-19 accelerates cash decline in Sweden
Riksbank report shows payments through Swish have already overtaken cash
BoE extends contract with De La Rue
UK printer will help central bank continue to develop printing site as world leader
Cambodia officially launches quasi-CBDC
Cambodia’s blockchain-powered payment system goes live