Regulation
Middle income central banks see largest volume of counterfeit notes
Foil remains least used security feature for banknote production
Three-quarters of UK financial firms use AI – BoE’s Breeden
Deputy governor previews survey result in speech on AI’s financial stability risks
Majority of central banks have emergency cash inventory
But few respondents say they have alternative strategies in place
Half of central banks recycle banknotes as sustainability measure
Most currency operations lack climate strategy, but a few plan to launch one
Combining central banking orthodoxy with innovation
Sergiy Nikolaychuk argues the future of central banking centres on adaptability as well as independence
Minority of central banks keep whole cash cycle in-house
Banknote printing remains central banks’ most outsourced function
Currency staff make up 8% of central bank workforce
Institutions with own printworks have larger currency departments
Mamo Mihretu on the radical reform of central banking in Ethiopia
Ethiopian governor speaks about simultaneous monetary policy and exchange rate reform, opening the country’s financial system and a fundamental reset for Africa’s second most populous economy
Raised tactile features are most common banknote visual aid
Assistive mobile application offered by just two central banks
Suspended Bulgarian deputy claims he is fighting for central bank ‘independence’
Eurozone candidate country’s deputy breaks silence on suspension, and his fight to get reinstated
Polymer substrates used on one-fifth of banknotes
Data reveals widening adoption in upper-middle income jurisdictions
Book notes: Carbon colonialism: how rich countries export climate breakdown, by Laurie Parsons
Compulsory reading to gain insights into many climate issues that receive insufficient ‘airtime’
Basel Committee chair warns against easing regulations
Short-term gains will be offset by long-term pain, says Erik Thedéen
Average volume of defective banknotes remains above 100m units
Central banks retrieved over $1 billion of mutilated banknotes on average
Cash payments average over 30% of transactions in 2023
No pressures on number of printed banknotes, central banks say
Half of upper-middle income banks plan banknote issue in next year
Total number of banknote denominations in circulation averages under 10
Average cash values rise more than volumes year on year
Value of banknote pieces in circulation rises by over 30% on average
Australian central bank proposes caps on card fees
Small businesses pay “substantial” surcharges during debit and credit card transactions, says RBA
Opposing Basel III is ‘short-term thinking’ – DNB’s Klaas Knot
Lenders should not ask governments to water down proposals, says Dutch central bank governor
Malaysia’s Zeti on the key skills needed to be a successful central banker
The Bank Negara veteran speaks about leadership skills, lessons from the AFC and 1MDB crises, her scepticism of inflation targeting, and how the Asia School of Business' masters synthesises theory with practical realities
Climate stress tests are cold comfort for banks
Flaws in regulators’ methodology for gauging financial impact of climate change undermine transition efforts, argues modelling expert
Fed relief plan for G-Sib agency clearing welcomed
Rollback may revive interest in European FCM model, as principal clearing still treated punitively
Fed’s new liquidity rule spells more pain for US regional banks
Limit on HTM assets follows move to deduct unrealised losses from capital buffers
Middle income countries form largest membership of World Bank Ramp
Central banks highlight market intel, support, training as partnership gains