Ukraine’s anti-corruption bureau searched the central bank. The National Anti-Corruption Bureau said on Wednesday that detectives were searching the premises of the National Bank of Ukraine and the home address of one of its employees, that no one had been detained or issued a suspicion notice, and the central bank confirmed the investigation on its premises and said it was continuing to operate as normal, Reuters reported. Ukrainian reporting linked the searches to the nationalised Sense Bank; the bureau disclosed no case details, and no charge has been reported.
CME Securities Clearing proposed changes to its default management practices. A Federal Register notice published on October 21 records the filing of a proposed rule change to amend the CME Securities Clearing Inc. risk management framework as it relates to the company’s default management practices. The notice is a filing, not an approval, and it concerns the clearing house for United States Treasury securities, where default management rules decide how a member failure is absorbed.
The South African Reserve Bank consulted on audit reporting versions. The Prudential Authority issued for consultation a proposed directive on which version of the BA returns forms the basis for reporting by auditors, a technical change to the returns banks file, published on October 21. It follows the governor’s payments modernisation programme reported here on Tuesday and is part of the same supervisory build out, at the level of forms rather than speeches.
The Bank of Finland set out the Eurosystem’s move to demand driven implementation. Board member Tuomas Valimaki, in remarks published on October 21 from a Helsinki stakeholder event on October 14, described the transition following the Governing Council’s March 2024 decision toward a demand driven framework for steering short term money market rates as reserves decline, stressing that the question is plumbing, how the stance is implemented, not the stance itself. The remarks pair with the ECB’s EUREP expansion reported in full today: one project rebuilds domestic implementation, the other the international backstop.
Nigeria’s tax reform chair linked past monetary financing to current inflation. Taiwo Oyedele said 30 trillion naira of monetary financing is linked to Nigeria’s inflation pressures, Premium Times reported on October 21. The claim is a single outlet report of a policymaker’s remarks and is recorded here as such; it concerns the legacy of central bank financing of the federal government, which the current administration says it has ended.
The Bank of Japan’s board member Junko Koeda addressed local leaders in Kumamoto on October 15, in a speech published in the BIS library on October 20, setting out three perspectives on activity and prices including artificial intelligence demand putting upward pressure on prices in the short run. The full text available in this run was partial, so the speech is recorded here rather than in a full story.