A group of the world's leading central banks and over 40 major commercial banks are to step up testing of one of world's most closely watched digital payments projects, as the race to upgrade - and dominate - the international financial architecture heats up.

Central banks pride themselves on being data-driven and consensus-based. Surprisingly, though, there is little consensus among policymakers on a crucial issue: how much capital should these institutions hold? Unlike commercial banks, central banks don’t ...

The Governor of the Banque de France, M. François Villeroy de Galhau, told a hearing of the National Assembly Foreign Affairs Committee on 14th May this year that the digitalization of the European economy is increasing the regions "reliance on non ...

What is a bank? A bank is a financial institution authorized to provide service options for customers who want to save, borrow or accrue more money. Banks typically accept deposits from, and offer loans to, their customers. They may also offer check ...

Because, critics argue, the gigantic balance sheets held by unelected central banks as the result of QE, and their “unconventional” monetary policies, have inflated asset-price bubbles, fostered inequality, led to misallocation of capital, and masked ...