With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. So said Andrew Hauser, executive director for markets at the Bank of England, during a Friday (Nov. 3) speech at King’s College London. As an example of...
As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential of speed and lower costs demands interoperability. Regulations and frameworks are still emerging, and there are a number of private...
Central banks worldwide are seeking lessons from the cost-of-living crisis, as they convene for their penultimate meetings of the year. The focus of their discussions revolves around three key debates: the flexibility of central banks in reaching their inflation targets, the effectiveness of asset purchases...
The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and using tokenized bank deposits. And what remains to be seen is whether those initiatives will define competition, or co-existence, with...
May 21, 2020
The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is […]
January 21, 2020
Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. As stated in a report to...
February 12, 2024
The head of New Zealand’s central bank is not a fan of stablecoins. Reserve Bank of New Zealand Governor Adrian Orr voiced concerns about the digital currencies during a parliamentary committee meeting Monday (Feb. 12), calling them “the biggest misnomers,” “oxymorons” and not a replacement for fiat money. “Stablecoins are not stable,” said Orr, whose comments were […]
November 03, 2023
With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. So said Andrew Hauser, executive director for markets at the Bank of...
October 22, 2023
Central banks worldwide are seeking lessons from the cost-of-living crisis, as they convene for their penultimate meetings of the year. The focus of their discussions revolves around three key debates:...
June 12, 2022
Kenyan and Nigerian central bankers have said central bank digital currencies (CBDCs) could solve the risks cryptocurrencies have for financial stability, Reuters wrote Saturday (June 11). This includes bringing the...
