Binance’s Financial Crime Compliance (FCC) Law Enforcement and Investigation Team has received an award from the Central Investigation Bureau (CIB) of the Royal Thai Police. The award recognizes Binance's contributions to the bureau’s efforts in combating crypto-related crime.
The Bank of Russia has announced changes to the parameters of FX swaps, effective from September 16, 2024. The new interest rates for CNY/RUB sell/buy swaps will be set as follows:
Bank of Russia Governor Elvira Nabiullina announced today that the central bank has decided to raise the key rate to 19% per annum. This decision follows a series of measures aimed at tightening monetary conditions in recent months.
The September 2024 results of the monitoring of maximum interest rates on deposits in Russian rubles by the top ten credit institutions attracting the largest amount of household deposits are as follows:
On September 13, 2024, the Bank of Russia Board of Directors decided to increase the key rate by 100 basis points to 19.00% per annum. Current inflationary pressures remain high. By the end of 2024, annual inflation is likely to exceed the July forecast range of 6.5–7.0%. Growth in domestic demand is still significantly outstripping the capabilities to expand the supply of goods and services. Further tightening of monetary policy is required to resume the disinflation process, reduce inflation expectations, and ensure the return of inflation to the target in 2025. The Bank of...
On September 12, 2024, the Bank of Russia issued a 10-ruble base metal commemorative coin titled ‘Teacher’ as part of The Man of Labour series (Catalogue No. 5714-0101).
By July 1, 2025, major banks will be required to offer their clients the ability to conduct transactions with digital rubles. This includes opening digital ruble accounts, depositing cash, making funds transfers, and receiving digital rubles through the relevant infrastructure. The Bank of Russia plans to initiate large-scale use of the digital national currency from that date. It is essential that the digital ruble is accessible to both individuals and businesses and can be used as freely as other forms of rubles (physical money or bank deposits).
Christine Lagarde, President of the European Central Bank (ECB), and Luis de Guindos, Vice-President of the ECB, addressed a press conference in Frankfurt am Main on September 12, 2024. The Governing Council has decided to lower the deposit facility rate by 25 basis points based on an updated assessment of the inflation outlook, underlying inflation dynamics, and monetary policy transmission strength.
House Financial Services Committee Chairman Patrick McHenry (NC-10) has sent a letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg, demanding a transcribed interview following Gruenberg's failure to testify before the Committee on allegations of widespread workplace misconduct at the FDIC.
WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered an opening statement at a hearing titled “Protecting Americans’ Money: Combatting Scams and Frauds Against Seniors and Savers.”
Congressman Frank Lucas (OK-03) delivered remarks on the House floor in support of H.R. 9456, the Protecting American Agriculture from Foreign Adversaries Act. The legislation aims to make permanent policies enacted under the Consolidated Appropriations Act for Fiscal Year 2024.
Chairman Barr delivered remarks at a hearing to address concerns over the lack of transparency in U.S. financial regulators' interactions with global governance bodies. The focus was on organizations such as the Bank for International Settlements (BIS), the Basel Committee on Banking Supervision (BCBS), and the Network for Greening the Financial System (NGFS).
U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, along with Senators Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Tina Smith (D-MN), and John Fetterman (D-PA) have urged Federal Reserve Chair Jerome Powell to finalize a proposed rule expanding the Fed’s settlement services' operating hours to weekends and holidays. They also called for additional steps to enable 24/7/365 access.
Today, the House Financial Services Subcommittee on Oversight and Investigations, chaired by Bill Huizenga (MI-04), convened a hearing titled “The Fall of ESG: Scrutinizing the Failed Use of Environmental, Social, & Governance Standards and the Influence of Proxy Advisors.”
Governor Tiff Macklem addressed the Canada-UK Chamber of Commerce in London, United Kingdom, discussing how geopolitical, economic, and social forces are transforming global trade. He highlighted the benefits of open trade post-World War II and emphasized its importance for small open economies like Canada. However, he noted that global trade growth has slowed over the past 15 years due to changing production dynamics, geopolitical tensions, and waning public support.
Today, the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, led by Chairman French Hill (AR-02), is holding a hearing entitled “Decoding DeFi: Breaking Down the Future of Decentralized Finance.”
A press conference is scheduled for September 13 at 15:00 following the Board of Directors’ monetary policy meeting, according to an announcement from the Bank of Russia. Governor Elvira Nabiullina and Deputy Governor Alexey Zabotkin will participate in the event.
On September 9, 2024, the Bank of Russia will issue commemorative coins to mark the 25th anniversary of the Union State Treaty. The release includes a 3-ruble silver coin and a 25-ruble cupronickel coin with colored coating.