Today, the House Financial Services Subcommittee on Housing and Insurance, led by Chairman Warren Davidson (OH-08), is holding a hearing entitled “Housing Oversight: Testimony of the HUD and FHFA Inspectors General.”
Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a hearing entitled “Stress Testing: What’s Inside the Black Box?”
Cheta Nwanze, a Nigerian writer, stated that the Nigerian government arrested two employees of the cryptocurrency exchange Binance to use crypto as a "scapegoat" for the country's economic situation. Nwanze shared his statement on a June 17 episode of the Nigerian Politics Weekly podcast.
According to InFOM’s survey, one-year inflation expectations of households edged up to 11.9% in June 2024 from 11.7% in the previous month. The increase was driven by growing expectations among surveyed respondents with savings. Expectations of respondents without savings edged down but were still around the level of autumn 2023.
Authorised representatives of the Bank of Russia, acting in compliance with Article 76 of Federal Law No. 86-FZ ‘On the Central Bank of the Russian Federation (Bank of Russia)’, dated 10 July 2002, were assigned to 88 credit institutions.
The Bank of Russia, in coordination with Public Joint Stock Company ‘Leasing company Europlan’ (PJSC LC Europlan), has established facts of market manipulation in transactions involving the Issuer’s bonds in on-exchange trading.
The Bank of Russia has proposed a discussion on two models regarding the operation of exchanges and brokers: maintaining functional differentiation or allowing a combination of functions. The potential consequences, risks, and future regulatory developments are outlined in the Bank of Russia's consultation paper titled "Universalisation or Specialisation? Stock Market Participants’ Roles."
Governor Tiff Macklem addressed the Winnipeg Chamber of Commerce, discussing the labour market's adjustment to higher interest rates and slower economic growth. He emphasized the importance of a strong, inclusive labour market for long-term growth.
The Russian economy has experienced four major crises over the past decades. To determine which anti-crisis decisions the Bank of Russia made, whether they were efficient, and what lessons each crisis taught, one can refer to the Bank of Russia’s analytical paper.
The Bank of Russia has launched a new online resource, providing access to both modern books and periodicals relevant to everyday work, as well as unique antique books detailing the history of financial science, economics, and banking in Russia and worldwide.
Elvira Nabiullina, the Governor of the Bank of Russia, addressed the 10th All-Russian Congress of Financial Education Volunteers on June 21, 2024. She emphasized the significance of social initiatives in financial education and underscored the importance of trust in information sources.
Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), issued a statement in response to the Department of the Treasury’s notice of proposed rulemaking (NPRM) implementing the White House’s Executive Order on outbound U.S. investment to China.
Annual inflation across Russia increased by 0.46 percentage points compared to April, reaching 8.3%. Price growth accelerated in 71 Russian regions. The North Caucasian Federal District saw the most significant acceleration, while inflation slightly slowed down in the Urals.
The publication covers the main aspects of the discussion about the economic situation and inflation, monetary and external conditions, and alternatives to the key rate decision.
Following a public consultation, the Reserve Bank of Australia (RBA) has decided to increase the settlement activity threshold under the Financial Stability Standards for Securities Settlement Facilities (SSF Standards). This move aims to balance the risks posed by small firms to the financial system and the regulatory burden imposed on them. The review of the settlement activity threshold in the SSF Standards was initiated following the Payments System Board’s meeting in November 2023.
Business activity continued to grow in June, according to the Bank of Russia’s Business Climate Index. The index exceeded the 2024 Q1 average, approaching twelve-year highs despite a 10.4-point drop.
Most Russians preferred cashless payments in 2023, according to recent data. The most popular methods of these payments were bank card payments (75%), mobile and online bank payments (48%), and payments via the Faster Payment System (28%).