Bloomberg The world’s financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability. The call appears in a draft communique prepared for the meeting of finance ministers and central bank governors of the world’s 20 …

Bloomberg Industrial & Commercial Bank of China (ICBC) Ltd., the world’s biggest lender, has been ordered by the Federal Reserve to bolster its protections against money laundering. The Fed found “significant deficiencies” in safeguards at the Chinese bank’s New York branch, the US regulator said in an enforcement order. The company agreed to submit plans to fix its compliance programs within …

Bloomberg With so many central banks failing to hit their inflation targets, some are considering changes to the tool kits they use to steer their economies. Norway’s decision to lower its price target is just the latest example, and follows more or less official adjustments in Sweden, Argentina and the euro area. Even in New Zealand, the birthplace of inflation …