News from November 2024

International insurance supervisors to meet in Cape Town for annual conference

The Prudential Authority, part of the South African Reserve Bank, and the Financial Sector Conduct Authority are set to host the 2024 International Association of Insurance Supervisors Annual Conference.

Paper discusses regulation for crypto-asset separation in transaction banking

The recent paper on digital assets in payments and transaction banking defines these assets as those controlled through public-private key cryptography.

Inflation expectations remain high despite slight decrease

In November 2024, inflation expectations for the coming year decreased slightly among both groups of respondents—those with savings and those without—according to InFOM's survey findings.

Study explores South Africa's bank lending and deposits channels amid monetary policy shifts

This paper examines the bank lending channel of monetary policy transmission in South Africa, despite the absence of typical bank loan-level data.

Bank of Canada announces finalists for Governor’s Challenge

The Bank of Canada has announced the six finalist teams for the 2024-25 Governor’s Challenge.

Bank of Russia explores global trends in asset tokenisation

Both Russia and other countries are increasingly interested in the tokenisation of conventional assets as a form of digital investment.

Bank of Russia to discuss new banknote design in open meeting

The Bank of Russia is set to hold an open meeting on November 28, 2024, at noon.

Bank of Russia's First Deputy Governor resigns

First Deputy Governor of the Bank of Russia, Olga Skorobogatova, has announced her decision to leave the institution.

Bank of Russia introduces measures to control corporate over-indebtedness

The Bank of Russia is taking steps to address the issue of over-indebtedness among large companies.

Bank of Russia appoints Zulfia Kakhrumanova as deputy governor

Zulfia Kakhrumanova, currently the Director of the Information Technology Department, has been appointed as Deputy Governor of the Bank of Russia.

Bipartisan bill supports service dog funding through commemorative coin sales

The U.S. Senate has passed the bipartisan Working Dog Commemorative Coin Act, a bill that was introduced in the House by Chairman Patrick McHenry and led in the Senate by Senators Ted Budd, Mark Kelly, Thom Tillis, and Tammy Duckworth.

Payments System Board addresses platform assessment and cross-border initiatives

The Payments System Board convened today to discuss several key topics, focusing on the New Payments Platform (NPP), regulatory reforms, and improvements in payment systems.

Inflation slows down in 47 Russian regions as non-food prices rise

Annual inflation rates in Russian regions remained elevated in October, although a slowdown was observed in 47 regions.

Bank of Russia mandates registration for digital rights in foreign trade

Foreign trade contracts that involve settlements using digital rights must be registered with authorized banks, as stated in a recent ordinance by the Bank of Russia.

McHenry challenges banking regulators on outdated policies during committee hearing

Today, the House Financial Services Committee, led by Chairman Patrick McHenry, is conducting a hearing to oversee President Biden's prudential banking regulators.

Bank of Russia authorized to set limits on risky mortgage and car loans

The Bank of Russia has been granted the authority to impose macroprudential limits on mortgage and car loans issued by banks and microfinance organizations (MFOs).

Ural Forum registration opens; focuses on cybersecurity and tech in finance

Registration has commenced for the Ural Forum of the Bank of Russia, scheduled to take place from February 19 to 21, 2025, at the Yekaterinburg-EXPO Congress Center.

Bank of Russia establishes new guidelines for unit-linked life insurance

The Bank of Russia has outlined new guidelines for the sale and customer information of unit-linked life insurance (ULLI) policies.

Business climate index rises slightly in November

The Bank of Russia's Business Climate Index for November was recorded at 5.5 points, slightly up from October's 5.3 points.

Bank of Russia's Nabiullina discusses monetary policy challenges at State Duma session

In a recent plenary session at the State Duma, Elvira Nabiullina, the head of the Bank of Russia, addressed key issues surrounding monetary policy and economic development.