Legal
IMF code drives reform of central bank transparency
Dmytro Solohub says pilots of new transparency code have already fostered change
EU concludes authorities cannot seize Russian assets
Brussels says Europe may be able to invest assets and use extra profits to aid Ukraine
Federal Reserve denies FedNow is a CBDC
Online sources post disinformation on payment system as anti-CBDC sentiment grows
Governance Benchmarks 2023 report – the frameworks that underpin central banks
Data reveals differences in profits, appointments and policies among EMEs and advanced economies
Bank of Israel warns political turmoil could hit GDP
Central bank slows cycle with 25bp hike, raising key rate to 4.5%
US regulators fine Wells Fargo for aiding sanctions-busting
Fed and Treasury say bank failed to halt client channelling funds to Iran, Syria and Sudan
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
CAR to drop crypto as legal tender
Country bows to pressure from partners in regional monetary union
Towards legal CBDCs
Officials at the Bank of Thailand and Bank of Jamaica on how their CBDC design choices interact with the law
Lifetime achievement: Stefan Ingves
Modest man from the Finnish ‘boonies’ has had a major impact on international central banking
How Finma milked Credit Suisse’s CoCos to close UBS deal
An unusual clause in Swiss AT1 bonds allowed them to be written off, but could others ever follow suit?
BoE may have ‘too much to do’, experts warn
Secondary remits may be diverting attention from key tasks, House of Lords committee hears
OK regulator? How AI became respectable for AML controls
Dutch court case pressures supervisors to accept new tech; explainability the key challenge
Chicago Fed used search firm that employed Goolsbee’s wife
Board says it was aware of Robin Goolsbee’s employment
Israel political crisis sparks fears for economy
Bank of Israel governor reportedly convened financial stability committee last week
Court rules golf tour organisers can sue Saudi sovereign fund
PGA Tour and Saudi-sponsored rival pursue dueling lawsuits in US court
Fed spurns Custodia a second time
Central bank again denies membership application from Wyoming crypto firm
US court rules plaintiffs cannot seize Afghan reserves
Judge supports earlier ruling that frozen assets belong to Afghan government, not the Taliban
Currency round-up: Charles III causes controversy
Australian government drove decision to drop UK monarch from notes, as ECCB weighs its options
Israel continues tightening as inflation persists
Foreign minister attacks hike, forcing PM and finance minister to defend autonomy
PBoC releases draft rules for Swap Connect
Foreign access to onshore CNY swaps limited to interbank bond market users, while Isda docs aren’t ruled out
Bank of Spain board member quits hours after appointment
Cabrales had signed letters expressing support for Catalan pro-independence politicians
Brazilian president ‘not interested in fighting’ Campos Neto
Monetary council keeps 3.25% inflation target unchanged despite president’s criticism
People: France appoints deputy governor
New deputy governors in Indonesia and Kenya; Dilma Rousseff to lead Brics bank