News from November 2024

Study examines impact of child grants on adult employment

A study conducted on a South African social grant program has explored the long-term effects of cash transfers on labor market outcomes.

Dubai real estate policy director: We aim to grow 'real estate transactions' to '1 trillion dirhams'

Dr. Mahmoud Alburai, senior director of real estate policies and innovation at the Dubai Land Department, said that Dubai aims to increase real estate transactions from "600 billion dirhams" to "1 trillion dirhams by 2033."

Crypto lawyer: 'Our space is so new' so 'innovation is the number one driver'

Irina Heaver, a crypto lawyer at NeosLegal, said that the crypto space is "less than 15 years old" and emphasized that "innovation is the number one driver" of its development and technological progress.

Private investors move funds from equities to debt instruments

The MOEX Russia Index experienced a decline of 10.4% in October, as reported.

Bank of Russia reports stable complaint levels with declines in certain categories

The Bank of Russia has reported receiving over 241,000 complaints in the first nine months of 2024.

Bank of Russia adjusts regulations amid rising corporate lending

The Bank of Russia has announced several decisions regarding banking regulation, with a focus on capital adequacy and credit risk management.

Bank of Russia reports decline in incoming payments for October

The Bank of Russia reported a 2.9% decline in incoming payments for October compared to the average for the third quarter of 2024.

Basel III impacts non-bank institutions and fintech growth in South Africa

We examine the effects of the implementation of the Basel III accord on the growth of non-bank financial institutions and fintech platforms in South Africa.

RBA seeks feedback on digital money's role in Australian asset markets

The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have released a consultation paper titled Project Acacia, which aims to gather industry feedback on digital money's role in wholesale tokenised asset...

Binance CTO: 'Binance is the best exchange in the world for slippage and order book depth'

Rohit Wad, Binance's Chief Technology Officer, said that the company's extensive order book minimizes slippage, making it the "best in the world" exchange for "order book depth."

Bank of Russia tightens regulations on payment agent operations

The Bank of Russia is advancing its regulation of payment agent operations, requiring compliance with two basic standards.

Russian online financial literacy test sees over two million participants

The seventh edition of the Russian Online Financial Literacy Test has seen participation from over 2 million individuals, marking an increase of nearly 10% compared to last year.

Key rate increased amid rising inflation concerns

The recent release of the Summary of the Key Rate Discussion highlights several significant developments in economic conditions and monetary policy.

Reserve Bank maintains cash rate amid persistent high underlying inflation

The Reserve Bank Board has decided to maintain the cash rate target at 4.35% and the interest rate on Exchange Settlement balances at 4.25%.

Bank of Canada cuts policy rate amid concerns over economic slowdown

The Bank of Canada's Governing Council convened to discuss the monetary policy decision announced on October 23, 2024.

Bank of Russia joins international body for Islamic finance standards

The Bank of Russia has officially joined the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) as part of the 'regulatory and supervisory authorities' category.

Bank of Russia outlines new regulations and future plans

In the third quarter of 2024, the Bank of Russia released a report detailing discussions about a new liquidity coverage ratio and a draft regulation.

Bank of Russia updates management approach for loan collaterals

From November 6, 2024, the Bank of Russia will implement changes in how it manages collateral for its operations.

Survey predicts moderate growth and stable inflation for Canada in coming years

The latest Market Participants Survey for the third quarter of 2024, conducted from September 18 to 27, gathered insights from around 30 financial market participants on Canada's economic outlook.

Binance announces Binance Wealth platform tailored for wealth managers

Binance has announced the launch of Binance Wealth, a cryptocurrency exchange platform tailored specifically for wealth managers.