Central Banks
The Bank of Japan declined to sign a joint statement from central banks supporting Federal Reserve Chair Jerome Powell, aligning with its longstanding practice of avoiding controversial topics amid sensitivities over U.S. relations and an upcoming election.
Reported by AI
Hassan Abdalla, governor of the Central Bank of Egypt, stated that artificial intelligence transformations offer opportunities to boost analytical and supervisory capabilities but introduce risks like regulatory fragmentation and cyber threats. He called for robust digital infrastructure and modern legislative frameworks to address them. These remarks came at a high-level meeting in Abu Dhabi on financial stability.