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Banque de France announces second wholesale CBDC experiment phase

Banque de France announces second wholesale CBDC experiment phase

The Banque de France has launched its second phase of central bank digital currency (CBDC) experiments. The central bank will conduct up to five additional experiments, after conducting nine over the past year, with a…

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ECB’s Mersch urges caution on regulatory sandboxes

ECB’s Mersch urges caution on regulatory sandboxes

Yves Mersch has said he remains sceptical about the benefits of “regulatory sandboxes”.  “This is an area where, I would suggest, we exercise caution,” the European Central Bank executive board member said at a conference on…

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Fund structures are ‘a big issue’ for monetary system – Carney

Fund structures are ‘a big issue’ for monetary system – Carney

Mark Carney, Bank of England Flaws in the structure of many investment funds could be responsible for amplifying the volatility of capital flows and exacerbating problems with the functioning of the international monetary system, according…

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Summers calls on Fed and US Treasury to ‘fully’ coordinate debt management

Summers calls on Fed and US Treasury to ‘fully’ coordinate debt management

The Federal Reserve and US Treasury should start managing US government debt collaboratively and release a joint annual strategy statement to avoid working at cross purposes, a paper published today by Larry Summers, the former…

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Private sector tools often used to shape comms strategies

Private sector tools often used to shape comms strategies

Private sector tools are an important resource for many central banks to monitor how their messaging is working.  Central Banking asked 33 participants in the Communications 2022 Benchmarks what tools they use to design and…

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Millions stolen from central bank, Surinamese authorities say

Millions stolen from central bank, Surinamese authorities say

Surinamese authorities have accused several people, including a senior finance ministry official, of stealing about $2 million from government accounts at the central bank, according to media reports.  Central bank governor Maurice Roemer told his…

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Powell divests municipal bond holdings

Powell divests municipal bond holdings

Jerome Powell. Photo: Bipartisan Policy Center Federal Reserve chair Jerome Powell sold municipal bonds valued at between $1.2 million and $2.5 million on June 30. Powell was acting in compliance with the Fed’s recent ethics…

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The Deutsche Bundesbank’s digital transformation

The Deutsche Bundesbank’s digital transformation

The German central bank’s new digital agenda includes major re-engineering of legacy analytics, processes, innovation management and digital competency by : Source link

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Poland law would fund coal benefit with central bank’s profit

Poland law would fund coal benefit with central bank’s profit

The Polish government is proposing using central bank profits to subsidise households that use coal as heating fuel. The programme would provide a single 3,000 zloty ($640) payment to every Polish home with a coal-burning…

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CBDCs could limit bank runs, US paper argues

CBDCs could limit bank runs, US paper argues

Well-designed central bank digital currencies (CBDCs) could improve financial stability, says a paper published by the US Office of Financial Research. Todd Keister and Cyril Monnet’s paper, Central Bank Digital Currency: Stability and Information, argues…

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