U.S. Treasury Secretary Janet L. Yellen delivered a significant address at the Council on Foreign Relations, outlining the Biden-Harris Administration’s international economic policy and its integration with domestic economic strategies.
The Bank for International Settlements (BIS) and its central bank partners have demonstrated that regulatory compliance can be integrated into cross-border transaction protocols through Project Mandala.
Erica Khalili, Chief Legal Risk Officer and Co-founder of Lead Bank, has emphasized the transformative role of crypto-centric banks in reshaping traditional finance.
Today, Patrick McHenry, Chairman of the House Financial Services Committee, commented on the U.S. Department of the Treasury's final rule limiting outbound U.S. investment to China.
Binance has announced the relaunch of Binance Connect, a service designed to provide Web3 businesses with a seamless fiat-to-crypto transaction solution within its ecosystem.
On October 7, the Securities and Futures Commission (SFC) celebrated its 35th anniversary by reflecting on past accomplishments and plans for the future.
The Bank of Russia has announced an increase in the key interest rate to 21% per annum, as revealed by Governor Elvira Nabiullina following a Board of Directors meeting on October 25, 2024.
Visa, a global leader in digital payments, announced the introduction of the Visa Tokenized Asset Platform (VTAP), a new solution designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks.
The Institute for Monetary and Economic Studies (IMES) of the Bank of Japan recently conducted a workshop titled "Macroeconomics and Central Banking." This event was held in collaboration with the Bank of Canada and the Federal Reserve Bank of Philadelphia. The IMES Newsletter has provided a summary of the discussions that took place during this joint workshop.
Binance has announced its involvement in the Cybercrime Atlas initiative, which aims to disrupt the global cybercriminal ecosystem through open-source intelligence. The initiative focuses on identifying vulnerabilities and enhancing threat mitigation efforts.
The Bank of Canada has announced a reduction in its target for the overnight rate to 3¾%, with the Bank Rate set at 4% and the deposit rate at 3¾%. This move is part of the bank's ongoing balance sheet normalization efforts.
Good morning. The central bank has announced a reduction in the policy interest rate by 50 basis points, bringing it down to 3.75%. This marks the fourth consecutive decrease since June. "We took a bigger step today because inflation is now back to the 2% target and we want to keep it close to the target," said an official.
Monetary policy efforts in Canada have successfully reduced inflation, bringing it down to around 2%. This level is expected to stay within the Bank of Canada's target range of 1% to 3%. The decline in inflation is attributed to lower energy prices and reduced underlying inflationary pressures. However, the distribution of inflation rates across various components remains broader than usual.
The Bank of Russia has announced a press conference scheduled for October 25 at 15:00, following the Board of Directors' monetary policy meeting. The event will feature Bank of Russia Governor Elvira Nabiullina and Deputy Governor Alexey Zabotkin.
The balance between financial inclusion and macroprudential policy in South Africa is the focus of a recent study. The research examines how these regulations impact bank lending rates and volumes among the country's largest banks. Financial inclusion aims to extend affordable credit, which could affect the stability of the financial sector. In contrast, macroprudential policy seeks to mitigate financial risks.
The Chairman of the House Financial Services Committee, Patrick McHenry, issued a statement regarding the Consumer Financial Protection Bureau's (CFPB) final rule implementing Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. McHenry stated, "The CFPB’s final 1033 rule is a promising step forward to protect Americans’ financial data privacy." He emphasized that consumers should have control over their financial data, including knowledge of where it is going and how it is used. The ability to terminate data collection by certain firms was...
The Bank of Russia has put forward a proposal to the Russian Ministry of Finance to amend legislation concerning the use of QR codes in payments for goods and services. The central aspect of this proposal is that banks will be required to adopt a universal QR code, developed by the National Payment Card System (NPCS).