Central banks
ECB: EU must improve capital markets to boost euro as global reserve
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy, says Cœuré
Mexican currency under pressure over ratings downgrades
Fate of sovereign increasingly linked to struggling oil company Pemex
National Bank of Ukraine continues focus on CBDC
‘E-hryvnia’ pilot project completed in February
Three Asian central banks rebuff US claims of currency manipulation
Malaysia, Singapore and Vietnam respond to being placed on US Treasury watchlist
Colombian central bank suspends reserves accumulation
Board wants to assess impact of higher reserves on peso’s exchange rate
Riksbank opens procurement for development of e-krona
Central bank intends to commission platform for electronic central bank payments in 2020
Zimbabwe reaches IMF agreement to deal with currency crisis
‘RTGS dollar’ will be supported by advice from IMF programme
Buy side said to target sell side with Code compliance
Two years in, buy-side participation remains low, as some cite barriers to the adoption of conduct principles
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDCs are “questionable”
Sarb announces ‘CBDC feasibility project’
Central bank pursues partners to test digital currency
GFXC seeks deeper understanding of anonymous platforms
Committee elects Guy Debelle as new chair to replace Potter
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Crypto assets have little impact on monetary policy, says ECB team
Task force concludes crypto assets do not fulfil functions of money
Mario Draghi dismisses crypto assets
Head of European Central Bank warns of high risks
Venezuela to adopt more flexible exchange rate
Liberalisation and US sanctions on oil industry likely to boost inflation, say analysts
Carstens says EMEs right to intervene, but must be ‘rigorous’
BIS “expending a great deal of analytical effort” in understanding the issue, he says
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
Argentine peso plummets as political risk rises
Rising inflation and recession increase popularity of former president Cristina Kirchner
Bank of Jamaica should reduce FX ‘footprint’ – IMF
“Further rate cuts” also necessary, the fund says
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
How the MAS is using AI to spot rogue trading behaviour
Trained using machine learning, the Apollo tool scours trading data for suspicious patterns
RBI to repeat FX swap following high demand for first auction
Second round of long-term liquidity will be on offer in late April
PBoC chief pledges to keep opening up China’s financial sector
China will also continue market-based reforms of yuan exchange rates