Swiss authorities granted fintech firms access to an interbank payment system, modifying an ordinance on financial institutions on January 1, the Swiss National Bank said today (January 11). The federal government added a new licensing…
Read More
Tighter Fed policy could spell trouble for countries with large dollar debts The dollar debt of Latin American companies has risen much faster than exports over the past decade and now represents a major financial…
Read More
A working paper published by the Reserve Bank of India on August 10 highlights a host of challenges facing public debt management in the country, including a “narrow investor base”. In Public debt management in…
Read More
Tiff Macklem, Governor of the Bank of Canada The Bank of Canada’s governor said on March 3 that the previous day’s 25-basis points policy rate rise was “the first step on the path to higher…
Read More
A consultation into the complaints scheme of the UK’s financial regulators has been extended after concerns were raised by a parliamentary committee. On September 11, the chair of the Treasury Select Committee sent letters to…
Read More
The Bank of England will implement recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD) when publishing its 2019–20 annual report. The TCFD recommendations are aimed at helping businesses and other organisations to…
Read More
The union that represents workers at the Colombian central bank has condemned its plans to repurpose some of its regional branch offices. The union, Anebre, claimed the central bank was engaging in a “labour massacre”…
Read More
Canada: Lawrence Schembri, deputy governor of the Bank of Canada, will retire on June 17 this year. Schembri’s term as deputy governor began in 2013. Deputy governor Sharon Kozicki will take over Schembri’s responsibilities analysing…
Read More
The risks associated with the growing use of stablecoins could be one reason to develop a central bank digital currency (CBDC), say top officials from the European Central Bank and Federal Reserve. “Think of it…
Read More
Sub-Saharan African countries are beginning to leverage regulatory data to improve their supervisory processes, according to a research paper published by the International Monetary Fund. The paper, Fintech in Sub-Saharan African countries: a game changer?, notes…
Read More