Central banks
BoE drops Libor for hedging UK FX reserves
Central bank adopts Sonia in Treasury swap programme, consults on restrictions for Libor collateral
CBDC effect on lending depends on competition
CBDC could increase bank lending if banks have some market power, they say
France’s de Galhau unveils G7 task force on ‘stablecoins’
Banque de France governor says group will weigh up impact of Libra and other “stable” crypto assets
Zimbabwe’s ‘mono-currency’ move triggers sharp rate hike
Central bank hikes overnight rate by 35 percentage points as local currency becomes sole legal tender
FSB weighs options for tackling rise of non-banks
Randal Quarles says strict regulation necessary if crypto assets such as Libra are used widely
BIS annual report warns of big tech threat to banks
Basel-based body wants “level playing field” for banks and tech firms as Facebook enters payments space
Internationalisation of euro pushes ECB to rethink policy
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
Facebook unveils new ‘currency’
Social media group plans to “reinvent money” with payment system backed by liquid reserves
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
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