updated Tue. August 27, 2024
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Irish Times
April 24, 2018
Former Irish Nationwide Building Society chief executive Michael Fingleton has lost his appeal arguing he cannot lawfully be subject to a Central Bank inquiry into alleged regulatory breaches at the Society. The three-judge Court of Appeal today dismissed all grounds of Mr Fingleton's appeal against theÃâà...
Irish Times
April 23, 2018
At its latest macro-prudential meeting in March, Central Bank officials, including governor Philip Lane, discussed the biggest risk factors facing the Irish economy. In particular, they highlighted “the cyclical strength of the economy” and the potential for overheating as it converges on full employment, which isÃâà...
Cointelegraph
April 23, 2018
The central bank of Iran has banned domestic banks and other financial institutions from dealing in cryptocurrencies, citing money-laundering concerns first raised in a circular from December 2017, Reuters reported Sunday, April 22. Reuters cites Iran's state-run news agency IRNA as saying Sunday:.
SomalilandPress
April 16, 2018
Somaliland Central Bank to Set the Exchange Rat. By Liban Ahmad. Policies the Somalilandgovernment has adopted under President Bihi turn analysts' attention to what Hargeisa looks upon as external threats. Those challenges range from a sovereignty dispute with Mogadishu to a territorial dispute withÃâà...
gulfnews.com
April 16, 2018
DUBAI: Most United Arab Emirates interbank offered rates (EIBOR) rose on Sunday as the central bank introduced a new way of calculating them, seeking to make the system more transparent and reflect market conditions more accurately. The three-month rate climbed to 2.43820 percent from 2.38683Ãâà...
The Japan News
April 16, 2018
By Naoki Ogawa / Yomiuri Shimbun Staff WriterYi Gang has been appointed governor of China's central bank, the People's Bank of China (PBC). He is the ... Normally, central banks carefully explain the aims of their monetary policies in statements, with governors holding regular press conferences. This isÃâà...
Independent
April 16, 2018
Governor Emanuel Tumusiime Mutebile, wearing a charcoal grey suit, white shirt and blue-checkered tie, is having lunch together with other bank executives in the Governors' Dinning located on the extreme end of the Eastern wing of the Central Bank building on Kampala Road. His gold-rimmed glassesÃâà...
Cointelegraph
April 16, 2018
The Bank of Lithuania has reportedly begun looking into cryptocurrencies, initiating a dialogue between commercial banks, government regulators, and crypto traders, local news outlet The Baltic Times reports today, April 15. The central bank had invited representatives from the Financial Ministry, theÃâà...
Nikkei Asian Review
April 14, 2018
After the Bank of Korea raised interest rates for the first time in nearly six-and-a-half years last November, other central banks in the region followed suit. In January, the Central Bank of Malaysia raised its policy rates for the first time in three and a half years. In March, the Hong Kong Monetary AuthorityÃâà...
Cointelegraph
April 14, 2018
The Central Bank of Kenya (CBK) has issued a circular to all banks in the country, warning them against dealing with cryptocurrencies or engaging in transactions with crypto-related entities, local news outlet Standard Digital reports today, April 13. CBK Governor Patrick Njoroge mentioned the circularÃâà...
Economic Times
April 12, 2018
NEW DELHI: The CBI has booked infrastructure major ARSS Infrastructure Private Limited for allegedly cheating Central Bank of India of nearly Rs 62.41 crore in 2011, officials said ... Sudarshan Raj, the then branch manager of Central Bank of India, Janpath branch in Bhubaneswar has also been booked.
Independent.ie
April 12, 2018
In its latest quarterly bulletin, the Central Bank says wages will rise by 3.2pc on average this year, and by a further 3.4pc in 2019. That's compared with a modest pick-up in the average hourly earnings during the second half of last year. With the cost of living rising far more slowly, at less than 1pc a year,Ãâà...
ABC News
April 12, 2018
Top officials at the European Central Bank were concerned about a strengthening euro and the possibility of a global trade war as they decided at their last meeting to go slow in removing economic stimulus. The written account of the March 8 meeting showed the bank's 25-member governing council sawÃâà...
thejournal.ie
April 12, 2018
THE CENTRAL BANK'S deputy governor has predicted that Brexit could be one of the most significant events to affect the Irish economy in a generation. Speaking at Dublin City University's Brexit Institute Ed Sibley highlighted the impact a hard Brexit would have on the Irish financial services system if UKÃâà...
euronews
April 4, 2018
BEIJING (Reuters) – China will actively resolve shadow banking risks and prudently tackle risks associated with financial institutions, the central bank said on Wednesday. China will effectively control the macro leverage ratio and credit risks in key areas, the People's Bank of China (PBOC) said in aÃâà...
Irish Times
April 4, 2018
In weighing up the Central Bank's recent history, it's hard to see past its failure to reign in reckless lending by banks in the lead up to the crash or to warn about the evident overheating of the Irish economy before it was too late. However, even with these significant regulatory shortcomings, former governorÃâà...
CNBC
April 4, 2018
Australia's central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of "masterful inaction" for some time yet. As widely expected, the Reserve Bank of Australia (RBA) ended its April policy meeting with theÃâà...
U.S. News & World Report
April 4, 2018
KIEV (Reuters) - Ukraine's central bank will keep its key interest rate unchanged next week after four consecutive hikes due to signs of slowing inflation, ... The central bank said after that meeting that monetary conditions were tight enough to bring inflation back to its mid-term target, and has also said it willÃâà...
ETHNews
April 4, 2018
The Masterchain platform was developed by the central bank, the Russian FinTech Association (which is closely linked to the central bank and lists Skorobogatova as its supervisory board chair), and other Russian banks. Its prototype was first launched in 2016. In comments delivered toward the end ofÃâà...
CoinDesk
April 2, 2018
The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island's existing anti-money laundering regulations. During a meeting with Taiwan's legislative arm Monday, central bank governor Yang Chin-long was questioned over how the banking authority would address the currentÃâà...
PYMNTS.com
April 2, 2018
The Philippine central bank is warning local financial institutions to be on the lookout for cyberattacks after the Malaysian central bank was hacked. According to Reuters, the hackers attempted to steal money from Bank Negara Malaysia (BNM) using fraudulent wire transfers over the SWIFT bank messaging network.
Iraqi News
April 2, 2018
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 2 registered $185,900,715 in sales, a -5.64% volume decline from the US $197,018,430 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 1. The latest auction was attended by 45 banks and 9Ãâà...
PaymentsSource
April 2, 2018
Central banks worldwide are seriously studying the possibilities of digital cryptotokens representing central-bank assets. Several central banks around the world are studying whether and where to issue tokens that represent national currencies. Central-bank digital currencies (CBDCs) fall into twoÃâà...
The Business Times
April 2, 2018
[TAIPEI] Taiwan's central bank governor, Yang Chin-long, said on Monday the market was misplaced in expecting an interest rate hike to let the island's currency appreciate. Mr Yang made the comments during a parliament session. Last week, the central bank kept its policy discount rate unchanged at 1.375 per cent for theÃâà...
Trinidad Guardian
March 31, 2018
The Monetary Policy Committee (MPC) of the Central Bank of T&T has decided to hold the repo rate at its current level of 4.75 per cent, according to the latest Monetary Policy Announcement (MPA). The repo rate is the rate the Central Bank applies to overnight financing provided to commercial banks thatÃâà...
newsBTC
March 31, 2018
According to the report, China's central bank expects various governments to improve their supervision over digital currencies, and an increased use of cryptocurrencies as a means of exchange and payments. “China should actively participate in the global governance of digital currencies” in order toÃâà...
Philippine Star
March 31, 2018
In the same report, the New York-based think tank said it expects full-year 2018 inflation to breach the central bank's 2-4 percent target band, adding that consumer prices will likely keep rising to hit a peak in July to September. “We are forecasting a 4.2 percent average for the year under the new series,Ãâà...
Bitcoinist
March 31, 2018
Bitcoin was largely created as a means of undermining the control of governments and traditional financial institutions. Now, the dominant cryptocurrency by market capitalization is making it difficult for governments and central banks to manipulate their own fiat currencies.
ABS-CBN News
March 31, 2018
MANILA—The Central Bank has sounded an alert to local financial institutions following a cyber attack at the Malaysian central bank, in which hackers sought to steal money using fraudulent wire transfers, its governor said on Saturday. Bank Negara Malaysia (BNM) has said no funds were lost in theÃâà...
PYMNTS.com
March 30, 2018
What's more, it reported there were no disruptions to the other payment and settlement systems that the central bank uses. “All unauthorized transactions were stopped through prompt action in strong collaboration with SWIFT, other central banks and financial institutions,” the bank stated. Meanwhile, a spokesperson forÃâà...
Economic and Political Weekly
March 29, 2018
To explore the empirical validity of the proposition that a rise in the interest rate would necessarily lead to a lower rate of inflation, empirical evidence from 158 countries, during 1981 to 2013, is used to critically evaluate this widely accepted idea. Based on the findings, it is argued that from a policyÃâà...
Coindesk
March 29, 2018
China's central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency. According to an announcement Thursday, People's Bank of China (PBoC) has outlined its agenda for the coming year during a conference call focused on monetaryÃâà...
Irish Times
March 28, 2018
The Central Bank received €25 billion of Government bonds in February 2013 under a restructuring of so-called promissory notes, which had been used by the State during the financial crisis to rescue Anglo Irish, which was subsequently renamed Irish Bank Resolution Corporation (IBRC). IBRC had beenÃâà...
Irish Times
March 28, 2018
The Central Bank has warned of the “increased indebtedness” of consumers who sign PCPs, as well as the banking system's exposure to the car market with the controversial scheme now the go-to source for finance in the Irish market. PCPs, or personal contract plans, were introduced following theÃâà...
Caixin Global
March 26, 2018
Further financial sector liberalization is needed to improve competitiveness, said the new head of the People's Bank of China (PBOC) during one of his first public appearances less than a week after being named China's first new central bank governor in 15 years. Financial sector opening should followÃâà...
Sputnik International
March 26, 2018
Kristian Rouz — The European Central Bank (ECB) is taking its first steps towards wrapping up its bond-buying program, known as quantitative easing (QE), which is due to end this September. Such measures are crucial to preventing possible disruptions in Eurozone investment and economic growthÃâà...
U.S. News & World Report
March 26, 2018
China's Central Bank Governor Yi Gang speaks at the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in ... further open its financial sector while putting "equal emphasis" on preventing risks through regulation and supervision, the new central bank governor saidÃâà...
New York Times
March 26, 2018
By adding the role of party secretary of the central bank, Mr. Guo emerges with even broader responsibilities over the country's financial system. Mr. Guo has already run the China Banking Regulatory Commission for the past year, and a week ago, the National People's Congress voted to fold the country'sÃâà...
CNBC
March 26, 2018
China will steadily reform and further open its financial sector while putting "equal emphasis" on preventing risks through regulation and supervision, the new central bank governor said on Sunday. In his first public speech since becoming central bank chief last week, Yi Gang told the China DevelopmentÃâà...
CoinDesk
March 16, 2018
The chief of the Monetary Authority of Singapore (MAS), the city-state's de facto central bank, has spoken of blockchain's potential in international payments. ... MAS has partnered with the Bank of Canada "to test and develop a cross-border solution using crypto tokens issued by the two central banks.".
U.S. News & World Report
March 15, 2018
RIYADH (Reuters) - Saudi Arabia's central bank raised its two key interest rates by 0.25 percentage points on Thursday in an apparent effort to prevent ... The central bank lifted its repo rate, at which it lends to commercial banks, to 2.25 percentage points and its reverse repo rate, at which commercial banksÃâà...
africanews
March 15, 2018
The Sudanese pound has weakened against the dollar in recent months on the black market amid a shortage of hard foreign currency, in turn forcing the central bank to devalue the pound twice this year. Since January, sporadic protests have erupted in Khartoum and some other parts of the country afterÃâà...
CoinDesk
March 15, 2018
A portfolio company of Overstock's Medici Ventures arm, Bitt said it had signed a memorandum of understanding with the ECCB to test its technology for know-your-customer, anti-money-laundering and combating the financing of terrorism procedures within the central bank's member nations.
The Economist
March 15, 2018
Amid the cacophony of blockchain-based would-be substitutes for official currencies, central banks from Singapore to Sweden have been pondering whether they should issue digital versions of their own money, too. None is about to do so, but a report prepared by central-bank officials from around theÃâà...
Coindesk
March 15, 2018
The new governor of Taiwan's central bank has said speculation has taken over from cryptocurrencies' original role as a payments tool. Earlier this year, while still in his role as deputy chief of the central bank, Yang Chin-long indicated that the central bank has started the evaluation of the benefits andÃâà...
Red Deer Advocate
March 9, 2018
OTTAWA — Even with reassuring trade news out of the United States, a senior Bank of Canada official warned Thursday of serious consequences related to steel and aluminum tariffs as he sent signals the bank's in no rush to raise interest rates. Deputy governor Timothy Lane said in a speech that theÃâà...
Independent.ie
March 9, 2018
The Central Bank found that in approximately 30pc of credit unions that operate prize draws, staff and directors have won prizes over the period October 2014 to March 2017. The probe found: “Draws were conducted by staff, who were eligible to enter the draw, with no independent oversight present.
CNBC
March 9, 2018
[The stream is slated to start at 13:30 GMT. Please refresh the page if you do not see a player above at that time.] European Central Bank (ECB) President Mario Draghi is speaking at the institution's headquarters in Frankfurt, Germany, following the Governing Council's interest rate decision. Investors willÃâà...
CoinDesk
March 8, 2018
The statements reveal the widening ambitions of the company, which is also looking into applications in the area of artificial intelligence, as previously reported by Quartz. The central bank-focused push also comes as Bitmain reportedly looks to grow its mining footprint, with an eye to expanding in Canada.
Business Recorder
March 6, 2018
BELGRADE: Serbia's central bank is expected to keep its benchmark rate at 3.5 percent when its Executive Board meets on Thursday, a poll of dealers and traders showed, as the dinar currency remains strong and inflation is likely to rise later in the year. Eight out of 12 analysts and traders polled byÃâà...
