Payments
Vietnam and Laos launch local currency settlement framework
Central banks also set up cross-border QR payments link
Central Bank of Kuwait puts limits on online card transactions
Bank restricts volume and quantity of payments, and urges use of one-time passcodes
Ghana releases draft open banking directive
Central bank heralds “transformative development” in consumer-consented data sharing
CPMI outlines backing for payments data harmonisation
BIS committee aims for greater harmonisation of ISO 20022 to support cross-border payments
Oman names new central bank governor
Bank CEO takes the helm at Gulf state’s central bank
Cambodia allows banks to handle stablecoins and backed cryptos
Central bank sets up legal framework to regulate cryptocurrency activities
Madagascar’s governor on targeting M3 over inflation
Central Bank of Madagascar head Aivo Andrianarivelo speaks about introducing an interest rate corridor, diversifying from dollars to gold, using instant payments to bolster inclusion and drawing on IMF sustainability funding
Book notes: Default: the landmark court battle over Argentina’s $100 billion debt restructuring, by Gregory Makoff
Required reading amid current high sovereign debt, global tensions and the urgent need for climate finance
CNB’s Aleš Michl on tackling inflation, Friedman’s legacy and ditching DSGE
The Czech governor speaks about policy mistakes, targeting M2, diversifying into equities and gold, building new models and ending interest payments on minimum reserves
Bank Indonesia completes wholesale CBDC proof of concept
Experiments show two DLT-based platforms are capable of serving as a ledger
RBA official: industry needs ‘common vision’ for fast payments
Assistant governor says transaction costs and end users’ requirements need to be addressed
ADB approves $500 million loan to Indonesia
Policy-based facility focuses on expanding vulnerable groups’ access to financial services
Digital euro can fill market gap, panellists say
Representatives from central banks and industry discuss use cases for retail and wholesale CBDCs
BSP completes wholesale CBDC proof-of-concept tests
Central bank names off-hours interbank payments as potential use case
Central Bank of Iraq bans payments to ‘agents’ of TikTok
Platform is “offensive to the social fabric”, says minister of communications
Nandalal Weerasinghe on Sri Lanka’s IMF programme, central bank reforms and road to recovery
The Central Bank of Sri Lanka governor speaks about his return from retirement to aid Sri Lanka’s structural reforms and recapitalisation, reinforce central bank independence and develop financial resilience
Bank of England to review UK clearing rules
Broader collateral set and greater margin transparency could be adopted from Emir 3.0, but not active accounts requirement
Currency Benchmarks 2024 – model banks analysis
Data highlights differences in cash management between central banks
Central banks to maintain independence despite threats – panel
Top central bankers discuss Trump, AI and why they plan to ignore IMF on rate cuts
Implementation of regulatory reforms ‘uneven’, says FSB
Annual report reviews efforts over past year to adopt Basel III and tackle risks in non-bank sector
