The Bank of Russia has streamlined the documentation requirements for credit institutions seeking regulatory consent to establish control over other banks.
The Bank of Russia has revoked the banking license of Corporate Finance Bank LLC, a Moscow-based financial institution ranked 230th by assets in the Russian banking system.
The Bank of Russia's Board of Directors has decided to remove the effective interest rate (EIR) limit on credit cards for credit institutions from January 1 to March 31, 2025.
Investors are showing increased interest in individual investment accounts (IIAs), with the number of such accounts rising by 32,000 in the third quarter of 2024.
Vishal Sacheendran, head of regional markets at Binance, said that cryptocurrency developed "from down up," integrating into markets without disrupting traditional finance.
From April 1, 2025, banks serving as agents for non-governmental pension funds and insurance companies will need to prepare new key information documents (KIDs) related to the long-term savings programme (LSP) and unit-linked life insurance (ULLI).
In the first half of 2024, there was a noticeable increase in interest regarding credit histories among individuals, alongside a rise in requests for credit reports from banks and microfinance organizations (MFOs).
Based on an investigation, the Bank of Russia has identified market manipulation in transactions involving ordinary shares of PJSC PIK-specialized homebuilder.
The Bank of Russia has announced plans to implement macroprudential limits (MPLs) on banks and microfinance organizations in the mortgage and car lending sectors.
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."