Yi Gang, Governor of the People’s Bank of China (PBOC), has promised ambitious new climate disclosure requirements and international collaboration as part of efforts to drive a ‘green transformation’ of Chinese banking.
Will future central bank digital currencies (CBDCs) transcend national borders – potentially easing current frictions in cross-border payments – or are they likely to remain strictly local?
The Bank of Japan has begun proof-of-concept trials on its central bank digital currency (CBDC), the digital yen. Phase 1 aims to test the technical feasibility of the CBDC, and will run for one year to March 2022.
The People’s Bank of China (PBOC) has proposed a set of global rules for central bank digital currencies (CBDCs), covering how they can be used around the world as well as monitoring and information sharing.
The BIS (Bank of International Settlements) has published a new report with the results of a 2020 survey on the use of big data by central banks.
If you were a mouse would you tie a bell to the cat, or would you let someone else make it their job? The fable of “belling the cat” – wherein inaction ends in disaster for the mice – serves as starting point for Christine Lagarde, President of the European Central Bank (ECB), in her […]
A recent speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the World FinTech Festival, outlined the role central banks have to play in innovation.
Deutsche Bank have published an in-depth guide to the ISO 20022 migration set to bring standardisation to global payments infrastructure by 2025. The next few years will see payments infrastructure switch up as major central banks around the world modernise their systems by swapping to ISO 20022 for cross-border and inter-bank payments. This significant move […]
A recent Central Banking magazine survey conducted in conjunction with Bearingpoint, shows the increasing importance of big data to central banks – however, also highlights that there are data quality and management issues that need improving to maximise the potential of this information. Working with big data is fast becoming a mainstream activity for central […]
After a significant amount of preparation and planning, Ukraine this week announced plans to move towards a “Hub and Spoke” based single financial reporting system using XBRL.