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Tag: central bank


Regulations

Fed puts onus on banks to check legality of crypto ventures

August 17, 2022

Via: Banking Dive

Before engaging in crypto-related activity, banking organizations supervised by the Federal Reserve should notify their lead point of contact at the central bank to ensure the activity is legal, the Fed said in a statement Tuesday. The directive is similar […]


News

Contractionary Monetary Policy: What is it and How Does it Work?

June 17, 2022

Via: DailyFX

Contractionary monetary policy is the process whereby a central bank deploys various tools to lower inflation and the general level of economic activity. Central banks do so through a combination of interest rate hikes, raising the reserve requirements for commercial […]


Capital and Risk, Liquidity

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

May 17, 2022

Via: DailyFX

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]


Regulations

Bank trade groups want more clarity on Fed master accounts

April 25, 2022

Via: Banking Dive

Republican senators raised the issue of transparency and ethics with regard to master account approval at the Fed during the nomination process for Sarah Bloom Raskin, a former candidate to serve as the central bank’s vice chair for supervision. Sen. […]


Capital and Risk, Macroeconomic

‘Significant slowdown in economic growth’ looms, strategist says

April 8, 2022

Via: Yahoo

Indexes extended their losses on Thursday as markets digested the latest Fed minutes, where Federal Reserve officials “generally agreed” to cut up to $95 billion a month from the central bank’s balance sheet to combat surging prices. In light of […]


Channels

CBDCs are the future of money, but bank apps are stuck in the past

February 23, 2022

Via: American Banker

National digital currencies are gaining momentum. In November 2021, the nine largest banks in Japan announced that they will issue a digital yen this year. Nine countries have already issued central bank digital currencies and 14, including China, have pilots […]


Regulations

The Fed can’t seem to get a step ahead

February 11, 2022

Via: Banking Dive

New rules the Federal Reserve issued in October to clamp down on stock trading by board governors, regional presidents and senior staff seemed like a neat little bow to resolve a then-burgeoning scandal that, less than a month earlier, played […]


Capital and Risk, Macroeconomic

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; January Fed Meeting Preview

January 25, 2022

Via: DailyFX

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers in the week ahead the communications blackout window around the January Fed meeting ended. The blackout started on Saturday, January 15, leaving […]


News

Fed’s Quarles to step down at year’s end

November 8, 2021

Via: Banking Dive

Federal Reserve Gov. Randal Quarles resigned Monday in a move that allows President Joe Biden to give the central bank a Democratic majority. Quarles’ seat is the third Fed post Biden could fill in the coming months. One seat on […]


Capital and Risk, Liquidity

US Dollar Flexes Against British Pound Ahead of the Fed and BoE. Where to for GBP/USD?

November 3, 2021

Via: DailyFX

The US Dollar has made ground in a week full of central bank action. The RBA led the way yesterday, stepping back from yield curve control having already begun tapering their bond purchasing program. The Fed are up today, and […]


Capital and Risk, Liquidity

British Pound (GBP) Boosted as Bank of England Warns of Higher Interest Rates

October 11, 2021

Via: DailyFX

The Bank of England may need to hike interest rates earlier than previously expected as UK inflation runs hot, according to two members of the central bank’s rate-setting committee. Speaking to the Yorkshire Post, BoE governor Andrew Bailey said that […]


Channels

BIS finds CBDC-blockchain combo outclasses correspondent banking

September 30, 2021

Via: FinTech Futures

The findings come from the multiple CBDC bridge project (mBridge). It combines the monetary authorities of Hong Kong, Thailand, China and the United Arab Emirates. mBridge group members created a prototype which it says can reduce the time for international […]


News

Former HSBC boss to head up UK green infrastructure bank

September 3, 2021

Via: FinTech Futures

Flint will formally take up his new position at the UK Infrastructure Bank (UKIB) on 27 September. The bank aims to support regional growth through private and local government partnerships in order to finance a green industrial revolution in clean […]


Capital and Risk, Macroeconomic

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; Jackson Hole Preview

August 26, 2021

Via: DailyFX

HINTING AT TAPERING A slew of hot labor market reports and inflation rate readings have set the stage for a more hawkish Federal Reserve in the coming months. FOMC policymakers seem to concur, insofar as the tone of commentary over […]


Regulations

Fed strikes balance between openness, caution toward nonbanks

May 6, 2021

Via: Banking Dive

The Federal Reserve has shown twice this week that it is open to applying its regulatory framework beyond the tidy little box where banks reside. First, in comments to a fair-lending advocacy group Monday, Fed Chair Jerome Powell said the […]


Regulations

US mulls CBDC options in international race to advance payment systems

April 20, 2021

Via: Payments Dive

As nations across the globe launch studies into the potential benefits and mechanics of central bank digital currencies (CBDCs), many questions remain regarding the coins’ policy implications, said Bank Policy Institute (BPI) CEO Greg Baer. “A central bank digital currency […]


Capital and Risk, Macroeconomic

Powell praises economic recovery and sees Fed pulling back help after ‘substantial’ progress

March 25, 2021

Via: CNBC

Powerful fiscal help from Congress combined with accelerated vaccine distribution has allowed the U.S. economy to recover faster than expected, Federal Reserve Chairman Jerome Powell said Thursday. At some point, that will allow the central bank to dial back the […]


Capital and Risk, Macroeconomic

Here’s where the Federal Reserve sees interest rates, the economy and inflation going

March 17, 2021

Via: CNBC

The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot-plot projections budged little, with most members still expecting to keep rates […]


Regulations

Fed allows banks to resume stock buybacks with limitations

December 21, 2020

Via: Banking Dive

None of the largest banks fell beneath their capital minimums under the Fed’s hypothetical stress scenarios, which assessed how banks are navigating the coronavirus pandemic, the central bank said. Due to the strong performance from banks in the second stress […]


Capital and Risk, Macroeconomic

As Washington delays stimulus, the Fed is running out of ways to help the economy

October 28, 2020

Via: CNBC

Federal Reserve officials have been pressing Congress to provide more fiscal help to the U.S. economy, and with good reason: The central bank is running out of ways it can help. Since the expiration of key provisions of the $2.2 […]