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IMF publishes transparency code for central banks

IMF publishes transparency code for central banks

The International Monetary Fund’s executive board has adopted a voluntary code that helps central banks assess their transparency against best practices. The central bank transparency code sets out five key “pillars” of operations, building on…

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Bank of Mexico creates environmental and social risk department

Bank of Mexico creates environmental and social risk department

The Bank of Mexico has created a new division charged with managing environmental and social risks, Mexican media reports.  A provision creating the department was added to the central bank’s internal regulatory code, and the amended code was…

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Chilean president grants Marcel new term as governor

Chilean president grants Marcel new term as governor

The president of Chile, Sebastián Piñera, named Mario Marcel to a second term as governor of the Central Bank of Chile on October 22.   The president praised Marcel’s “valuable contributions to the management of monetary policy and his input…

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ECB appoints members to new ‘digital euro’ board

ECB appoints members to new ‘digital euro’ board

The European Central Bank appointed all 30 members of its new Digital Euro Market Advisory Group on October 25. The ECB said the board members will advise on the design and distribution options available for…

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BIS paper: DLT opens possibility of ‘embedded supervision’

BIS paper: DLT opens possibility of ‘embedded supervision’

Distributed ledger data would be useful for supervision, but must be trustworthy, author says by : Source link

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IMFC backs new trust to channel resources to vulnerable economies

IMFC backs new trust to channel resources to vulnerable economies

The International Monetary and Financial Committee says it backs a proposed trust that would allow the International Monetary Fund to channel resources to a wider range of needy countries. The IMFC – one of the…

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Central banks still value diversification, say reserve managers

Central banks still value diversification, say reserve managers

The sharp increase in US sovereign debt yields in the past few months is unlikely to result in central bankers ending their decade-long pursuit of foreign exchange diversification, according to delegates attending National Asset and…

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Mexican inflation rising rapidly, warns deputy governor

Mexican inflation rising rapidly, warns deputy governor

Mexico faces considerable inflationary pressure and possibly “inflationary inertia”, Jonathan Heath, a deputy governor and member of the Bank of Mexico board, said on October 13. Speaking on a podcast produced by Mexican banking group…

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Georgieva promises to learn lessons from ‘Doing Business’ controversy

Georgieva promises to learn lessons from ‘Doing Business’ controversy

Kristalina Georgieva speaks to World Bank president David Malpass International Monetary Fund chief Kristalina Georgieva says the recent controversy around her actions at the World Bank underscores the importance of listening to staff concerns. Addressing…

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How will Covid-19 hit central banks’ financial results?

How will Covid-19 hit central banks’ financial results?

The economic fallout from the Covid-19 pandemic – as witnessed during previous crises – has had an important influence on the money creation process and the seigniorage booked into the financial results of central banks.…

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