Celo, the first mobile blockchain focused on emerging markets, announced the launch of Provo, a value-added sandbox for public and official sector experimentation on the Celo blockchain. Through Provo, central banks can explore and experience central bank digital currencies and other digital assets. According to Celo, the Provo service will allow central banks to...
Read MoreThe central bank is warning insurers it will crack down if they treat clients unfairly – but harsh rhetoric belies the reality of regulators’ soft-soft approach. In a speech yesterday at an insurance industry forum hosted by Deloitte, Central Bank Chief Financial Officer Derville Rowland supported his demand by citing two instances where the...
Read MoreAs a result of the measures taken by the National Bank of Georgia (NBG) aimed at ensuring the stability of the financial system as a whole in Georgia, the financial sector has passed the particularly severe phase of the shock caused by the Covid-19 pandemic “all quite successfully, ”says the NBG in its recent...
Read MoreBanknotes around the world. Thomson reuters Digital fiat currencies could reduce costs and time associated with cross-border payments, the Bank for International Settlements said. The BIS presented the results of testing a prototype digital currency platform as part of the mCBDC Bridge project. The prototype showed that payment transactions could be completed in seconds...
Read MoreFollowing the controversy, Fed Chairman Jerome Powell pledged to tighten central bank ethics rules. In announcing his resignation, Kaplan said he “adheres to all of the Federal Reserve’s ethical standards and policies,” but added that he was leaving because “the recent emphasis on my financial disclosure may become a distraction. “for the political work...
Read Moreundefined updates Sign up for myFT Daily Digest to be the first to hear about undefined news. Central banks around the world have spent the past 18 months buying debt at record rates, helping to support bond prices even as governments borrowed unprecedented amounts to fight the Covid pandemic. Now bond investors are wondering...
Read More(Bloomberg) – Latin America’s fight against soaring consumer prices is expected to shift to a new front this week, with Colombia set to become the region’s fifth-largest economy under a targeting regime. inflation aimed at tightening monetary policy. Bloomberg’s Most Read Bogota’s central bank is almost certain to join its peers on Thursday and...
Read MoreNewsletter: Not covered The most important market trends and how the best minds on Wall Street are responding to them. Delivered every day of the week. Stocks on Wall Street faltered on Friday and public debt was liquidated as investors closely watched the ongoing Evergrande crisis and digest hawkish signals from several major central...
Read MoreContribution of the panel of Philip R. Lane, member of the Executive Board of the ECB, to the 5e Research seminar on joint regional financing agreements organized by the European Stability Mechanism Frankfurt am Main, September 24, 2021 Structural changes (especially digitization and the carbon transition) are expected to have a great influence on...
Read MoreThe Royal Monetary Authority (RMA) – the central bank of Bhutan – has partnered with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to increase the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan shake hands Enterprise blockchain provider Ripple has announced...
Read More