Daniel Hinge

London

Benchmarking Editor at Central Banking

Benchmarking editor at https://t.co/RAf2LBRmwo. Writing, slowly. I'm mostly on the other place now - join us! https://t.co/aW72SIryk8

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Articles

Payments Benchmarks 2025 – model banks analysis - Central Banking

2 days ago | centralbanking.com | Daniel Hinge

The Payments Benchmarks 2025 show the overall direction of travel for central banks is towards greater interoperability. Central banks are aligning settlement hours, messaging standards and technology as they seek to boost cross-border payments. However, there are still major governance challenges to solve in achieving frictionless international transactions.
Stablecoins will not revolutionise money, says BIS

4 days ago | centralbanking.com | Daniel Hinge

Stablecoins have design flaws that render them unsuitable as the basis for a monetary revolution, the Bank for International Settlements said today (June 24). However, the early-release chapter of the organisation’s annual economic report adds that a “trilogy” – comprising tokenised versions of central bank money, commercial bank money and government bonds – could succeed where stablecoins would be likely to fail. Despite being touted as a possible solution to cross-border payment challenges, the
Working group minutes: a phased approach to 24/7 RTGS

1 week ago | centralbanking.com | Daniel Hinge

Several central banks are preparing a phased approach to transitioning their real-time gross settlement (RTGS) systems to round-the-clock operations, as they weigh potential trade-offs. Payments specialists who attended Central Banking’sin-person interbank working group in London on June 12 said that, in many cases, their systems were already technologically ready for 24/7 operations. However, the move implied potential operational and financial stability risks that needed careful consideration
Payments Benchmarks 2025 report – cross-border connections - Central Banking

1 week ago | centralbanking.com | Daniel Hinge

View a printable version of this report in PDF formatOne of the major unsolved challenges of global payments is how to establish efficient, multilateral, cross-border payments. Economies – especially those in developing countries – are being held back by inefficient correspondent banking chains. Know-your-customer checks are essential to the fight against money laundering and organised crime, but they slow down payments and raise the cost. However, the Payments Benchmarks 2025 highlight the
Central bankers discuss policy-making amid high uncertainty

2 weeks ago | centralbanking.com | Daniel Hinge

Amid continued geopolitical shocks, and following years of disruption owing to the pandemic and subsequent supply constraints, central bankers are learning to live with constant surprises, Central Banking’s Summer Meetings heard today (June 11). Heads of economics and monetary policy from several European central banks came together to discuss how to set interest rates when the outlook remained highly uncertain and global policy could shift overnight. One speaker from a eurozone central bank noted
Working group minutes: central banks seek cash cycle efficiencies

3 weeks ago | centralbanking.com | Daniel Hinge

Central banks from emerging market economies (EMEs) are looking for ways to cut the cost of distributing cash, which is often a significant logistical challenge. Most of the participants who attended Central Banking’slatest interbank working group, on access to cash, said they were keen to promote electronic payments in a bid to reduce the volumes of cash circulating in the economy. Some had also restructured their cash operations to generate savings. A central banker from an African country said
Obituary: Stanley Fischer, 1943–2025 - Central Banking

3 weeks ago | centralbanking.com | Daniel Hinge

Stanley Fischer, one of the most accomplished and influential central bankers of his generation, died on May 31 at the age of 81. Fischer’s contemporaries in the top echelons of global policy-making remember him as a formidable economist but also an unofficial ambassador for central banking, whose good humour and wisdom helped him unite a divided profession and navigate difficult political terrain. “Stan’s positive outlook enlivened our meetings and lightened the burden of our responsibilities,”
European central banks taking more active role in cash cycle

1 month ago | centralbanking.com | Daniel Hinge

Many central banks in Europe are taking a more active role in the cash cycle, even going as far as setting up their own automated teller machines (ATMs), as they try to resist a decline in cash infrastructure. Central bankers attending a roundtable organised by the International Mint Industry Association said their institutions were intervening to run parts of the cash cycle themselves. Heads of cash from the central banks of Austria, Finland and the Netherlands spoke of their concerns that
HSBC Reserve Management Trends 2025

1 month ago | centralbanking.com | Robert Pringle |Joasia E. Popowicz |Christopher Jeffery |Daniel Hinge

What are the most significant risks that reserve managers face in 2025? How are reserve managers positioning their portfolios in light of US protectionist policies? Does bitcoin have a place in reserves? These are some of the questions addressed in HSBC Reserve Management Trends 2025. The 21st edition features a survey of 91 central banks, responsible for more than $7 trillion in reserves.
Strategic Planning Benchmarks 2025 – model banks analysis - Central Banking

1 month ago | centralbanking.com | Daniel Hinge

Central Banking published its first Strategic planning benchmarks report on May 15. The model banks analysis drills further into the data to highlight trends across income groups and central bank sizes. The data shows that most central banks operate a dedicated strategic planning unit, rather than spreading this function across departments. However, the unit tends to be small – fewer than five staff at the majority of banks. Larger central banks usually have slightly larger strategic planning