Financial inclusion
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says
BoE aims to boost comms with new ‘visual identity’
Design overhaul aims to help central bank reach a wider audience, BoE says
How supervisors can step up the AML fight
Marcus Pleyer, president of the Financial Action Task Force, says digital tools, stronger co‑operation and risk-based methods can give supervisors an edge. But threats are still proliferating
Payments efficiency is driving force behind many CBDCs
Inclusion, financial stability and monetary policy are also leading factors
World Bank urges Georgia to make ‘further efforts’ on financial stability
Report praises “significant progress” but says work is needed on supervision, AML and inclusion
Currency Benchmarks 2021 – presentation
Central Banking’s currency subject matter specialist Rachael King speaks with Chris Jeffery about circulation, impact of Covid-19, forecasting, costs and resourcing, security and design, sustainability, and more
BIS paper calls for action on big tech dominance
“Digital platforms” can boost inclusion but may undermine other central bank objectives, authors say
RBI launches offline digital payments
Indian central bank hopes scheme will promote digital payments in remote areas
Mexican government announces CBDC for 2024
Bank of Mexico has yet to comment publicly on the initiative
BoE to publish ‘pop-economics’ book
‘Can’t we just print more money?’ is latest step in educational push by central bank
Podcast: an update on the e-naira project
Bitt’s Imran Khan explains how its project in Nigeria is different to CBDC projects launched before
RBNZ begins wide-ranging review of cash
New Zealand’s central bank warns of potential harm caused by “retreat from cash”
Central banks’ diversity policies can only go so far – RBA’s Debelle
Policies can only go so far in reducing the inequality gap, Debelle says, while providing update on “reconciliation” plan
ESG for central banking focus report 2021
The report flags challenges for central banks themselves – as guardians of the financial system, they have a duty to lead by example. But the lack of liquidity within ESG-compliant assets is proving a problem for many
A future-proof RTGS blueprint
Operating hours, access and data standards should all be considered by central banks contemplating an RTGS overhaul
CBDC issuance should not be rushed, say central bank experts
Officials at Singapore Fintech Festival warn central banks must be alert to risks of CBDCs
Banknote forecasting with big data tools on the rise
Three-quarters of central bank currency departments yet to use big data
Emerging economies more likely to employ access-to-cash policies
Central banks split on access-to-cash policies
Mobile money was ‘crucial’ for low-income countries during the pandemic – IMF
Data shows mobile and internet banking transactions grew for all income levels
Microfinance still key to inclusion despite flaws – RBI deputy
Excessive debt and “coercive recovery practices” demand reform, says Rajeshwar Rao
Nigeria launches ‘digital naira’ pilot
Central bank issues $1.2 million in retail CBDC after clampdown on private crypto
Fed board member says US community banks under threat
Michelle Bowman says smaller community institutions play vital role for ethnic minorities
Fed’s Quarles says there is no case for a US CBDC
Central banks should not waste resource or risk “significant disruption” to the banking system