The evolving ‘strategy function’ in central banks – Central Banking Study shows central banks still struggle to fully utilise strategy units The discipline of ‘strategic planning’ emerged in private-sector companies in the 1960s, and became…
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Central Bank of Colombia, Bogota The president of Colombia, Iván Duque, appointed his former finance minister to the board of the central bank on August 30. Alberto Carrasquilla left office in May after a tax reform…
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The Bank for International Settlements is set to work with four central banks to test the settlement of cross-border transactions using their prototype central bank digital currencies. The BIS will collaborate with the central…
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The Group of 20 and Bank for International Settlements have launched a new cloud-based ‘TechSprint’ initiative to see how technology can streamline regulatory and supervisory processes. “Problem statements” have been drawn up to identify challenges…
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The US has accused Switzerland and Vietnam of being “currency manipulators”, saying their foreign exchange interventions had prevented “effective balance of payments adjustments”. In the case of Vietnam, the US Treasury also accused the authorities…
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The International Monetary Fund has said it is working towards a new arrangement with São Tomé and Príncipe following the country’s “sluggish” economic growth. In a statement on August 6, the IMF said it had…
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European Central Bank headquarters, Frankfurt The minutes of the latest European Central Bank policy meeting on July 22 confirmed the governing council’s divisions on its new forward guidance. The accounts published on August 26 acknowledge…
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The ranking Republican on the Senate banking committee has charged three regional Fed presidents with involving their banks in “politically charged issues” that are beyond the Fed’s remit. Senator Pat Toomey wrote to the presidents…
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Switzerland’s large companies must follow a set of climate-reporting parameters, the Swiss Federal Council ruled on August 18. The seven-member council is effectively the highest office of Switzerland’s federal government. The new reporting principles will…
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A London-based international court has dismissed a case brought by a firm against Ghana’s central bank, which had argued that the claimant had acted corruptly. Ghana-based payment services firm Sibton Switch Systems bought the case…
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