Our Scans · (FS.1.01) Retail Banking · Weekly Summary

• [New] A central bank digital currency has the potential for financial monitoring and surveillance and could turn the Federal Reserve into a retail bank. Senator Jon Husted
• Bank of England policymakers are keeping a close watch on retail sales, expecting a surge in spending as wealthier households spend savings built up during lockdowns. / UK Reuters
• One prominent proposal known as Fed Accounts - which has attracted support from progressive members of Congress - would create a system of retail accounts at the Federal Reserve that would provide all Americans with the opportunity to have a bank account at no cost. Brookings
• The Reserve Bank of India plans to expand its digital rupee pilot to more direct benefit transfer schemes and the domestic retail space in the current fiscal year. Economic Times

Last updated: 30 July 2026