Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced an upcoming hearing for the Housing and Insurance Subcommittee. The hearing is titled “Housing Solutions: Cutting Through Government Red Tape.”
The Bank of Russia has approved a procedure for excluding information about individuals and companies from the database on actual and attempted unauthorized money transfers. This new regulation will come into force on July 26.
Economic activity significantly increased over May and June, according to recent data. Moreover, aggregate demand continues to expand at a pace exceeding the economy’s capacity. The growth rates of consumer prices were up as well.
The Bank of Russia has revised the List of RUONIA Panel Banks in accordance with the “Procedure for Selecting Credit Institutions for the List of RUONIA Panel Banks” effective from 24 August 2021 and approved the updated List of RUONIA Panel Banks.
The Bank of Russia and the Russian Small and Medium Business Corporation have signed an information exchange agreement to bolster support for small and medium-sized enterprises (SMEs).
The Bank of Russia has announced the suspension of releasing statistics on amounts of trading in the US dollar, euro, and yuan against the ruble. This decision is based on results from over-the-counter (OTC) trading for 'tomorrow' settlements.
The Canadian Survey of Consumer Expectations for the second quarter of 2024 was conducted through an online panel from April 26 to May 15, with follow-up phone interviews taking place from May 14 to May 23. The survey results indicate that consumers' perceptions of inflation remain unchanged from the previous quarter, but their expectations for inflation over the next 12 months have declined significantly. Despite this improvement, both measures are still higher than pre-pandemic levels.
The Business Outlook Survey for the second quarter of 2024, conducted by in-person, video, and phone interviews from May 9 to 29, reveals that firms' sales outlooks remain mostly unchanged from the previous quarter and continue to be more pessimistic than average. Businesses tied to discretionary spending report particularly weak sales expectations, while those associated with essential spending see population growth benefiting their sales.
Toropets, an ancient town in the Tver Region, was first mentioned in chronicles in 1074. According to legend, Alexander Nevsky married in a church in the town, and Patriarch Tikhon spent his childhood there.
Suzdal, a town in the Golden Ring of Russia, is known for its architectural monuments listed as UNESCO World Heritage sites. Its small streets and picturesque meadows have served as settings for well-known films such as "Andrei Rublev," "Balzaminov’s Marriage," and "Charodei (Enchanters)."
WASHINGTON, D.C. – U.S. Senators Sherrod Brown (D-OH) and Mike Braun (R-IN) announced the Senate's passage of their bipartisan legislation aimed at informing veteran homebuyers about their eligibility for the VA Home Loan Program. This initiative seeks to increase homeownership among veterans.
Today, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, led by Chairman Andy Barr (KY-06), is holding a field hearing in Lexington, Kentucky entitled “Financial Institution-Fintech Partnerships: Leveraging Third-Party Relationships to Increase Access to Financial Services.”
Bank of Russia Governor Elvira Nabiullina held a meeting with Minister of Finance of the Republic of Belarus Yury Seliverstau, who arrived in Moscow on a working visit. They discussed topical issues of bilateral cooperation.
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 nominations hearing for several key financial regulatory positions.
The Bank of Russia has introduced a new category of brokerage clients, termed "clients with an initial risk level," which will include beginner investors lacking experience in trading securities or derivatives. This initiative is part of the Bank of Russia ordinance aimed at mitigating risks associated with leverage trading for novice investors.
In accordance with Clause 5.1 of Bank of Russia Ordinance No. 3439-U, dated November 6, 2014, titled 'On the Procedure for the Bank of Russia to Recognise Credit Institutions as Important in the Payment Services Market,' the Bank of Russia reports that the short name of the credit institution Tinkoff Bank (Reg. No. 2673), recognized by the Bank of Russia as important in the payment services market and included in the relevant register, was changed to TBank on July 4, 2024.
The Bank of Russia has released an updated table comparing the national rating scales of Russian credit rating agencies (CRAs) listed in its register. This comparison table, which incorporates data on one-year theoretical probabilities of default according to the national rating scale for the Russian Federation, is designed for public dissemination.