Legal
Financial regulators: one, two, maybe a few?
As Jamaica moves to introduce the ‘twin peaks’ approach to financial oversight, Ben Margulies assesses some of the pros and cons
Macau establishes digital currency as legal tender
New legal regime also introduces a penalty system for refusing notes and coins
A ‘unified ledger’ and the future of money
Blueprint set out by the BIS staff raises plenty of questions about the 'singleness of money'
ECB: from a supply to a demand-driven floor?
Eurozone’s central bank expected formally to abandon corridor in forthcoming operational framework review
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank
Ecuadorean candidate promises to spend central bank reserves
Measure could imperil central bank independence
Kenya revives interest rate corridor
Controversial 2016 law capping rates undermined earlier attempt at corridor
FDIC chair promises stricter rules for mid-sized banks
Gruenberg says regional banks will need better resolution plans and more long-term debt
Argentine central bank intervenes after Milei win
BCRA hikes rate 2,100bp and devalues peso after central bank opponent leads primary elections
Man on a mission: Axel van Nederveen, swaps evangelist
EBRD treasurer spreads the good word about local currency derivatives markets
Brazil governor promises to end high-interest rotating credit
Campos Neto tells legislators central bank achieved “soft landing” on monetary policy
When £1 is not £1
Gabriel Stein examines the risks from introducing a CBDC should its value diverge from that of physical currency and bank deposits
West African central bank freezes Niger’s accounts
BCEAO cancels bond issue after military detains elected president
Canada opposition leader repeats promise to fire governor
Poilievre accuses government of interfering in central bank
Climate change: a new financial risk for central banks
Overcoming ‘analysis paralysis’ and the lessons in capturing climate-related financial risks on the Deutsche Bundesbank’s balance sheet
Russian legislators approve Islamic banking pilot
Two-year programme may attract foreign capital or appease restive minorities
Cash for a very rainy, tremorous or lava-filled day
Are central banks well-positioned to keep cash flowing during natural disasters?
PNG central bank dispute leads to fuel rationing
Papua New Guinea central bank has accused fuel importer of failing to repatriate earnings
Guillermo Avellán on BCE independence, capacity-building and dollarisation
Central Bank of Ecuador general manager speaks about the need to bolster the central bank’s legal autonomy, dollarisation challenges, payments developments and monetising local gold production
Bye-bye BCRA?
An Argentine presidential candidate proposes abolishing the central bank and the peso
Uganda passes Islamic banking law
Parliament removes provision for sharia advisory council at the Bank of Uganda
Taiwan’s central bank calls for wage rises
Report calls for more unionisation after real wages fell in first quarter
Brazil regulators cut off loans for environmental law violators
Resolution marks change in policy from Bolsonaro era
Israeli government clashes with governor over banking law
Governor says law “crosses a red line” on independence, but pushes banks to raise rates