In its information letter to banks, the regulator advises them to choose the format for providing financial services based on the number of residents and their income levels.
The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, chaired by French Hill (AR-02), convened today for a hearing titled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets.”
A press conference will be held on June 7 at 17:00 following the Board of Directors' monetary policy meeting, according to an announcement by the Bank of Russia. Governor Elvira Nabiullina and Deputy Governor Alexey Zabotkin are scheduled to participate.
The May 2024 results of the monitoring of maximum interest rates on deposits in Russian rubles for the top ten credit institutions attracting the largest amount of household deposits are as follows:
On June 3, 2024, the Bank of Russia issued a 3-ruble silver commemorative coin to mark the 450th anniversary of the foundation of Ufa. This coin is part of the Cities series.
On 3 June 2024, the Bank of Russia issued new silver commemorative coins as part of its Historical Events series. The coins commemorate the 100th anniversaries of the foundation of the Republics of North Ossetia—Alania and Ingushetia.
The value of assets managed by management companies increased by 5.8% in the first quarter of 2024. Unit investment funds (UIFs) exhibited the highest growth in assets, maintaining 60% of the total assets under management.
Using data on South Africa’s commercial banks from 2005 to 2018, this study investigates the impact of bank regulation on bank performance. The research employs a fixed effects model for regression analysis and the data envelopment analysis approach to estimate efficiency scores.