News published on Fiat Reporter in July 2025

Major banks are set to be the first to offer digital rubles to their clients starting September 1, 2026.

The Bank of Russia has released the results of its monitoring of maximum interest rates on deposits in Russian rubles for July 2025.

A new guarantee system for assets held in type 3 individual investment accounts (IIAs) is set to be introduced in Russia.

Banks are not required to implement an antifraud cooling-off period for car loans when the funds are directed to an auto dealer, including via a borrower's bank account.

On July 24, 2025, the Bank of Russia made the decision to cancel the depository license issued to Limited Liability Company GS Invest.

Today, the Governor of the Bank of Russia, Elvira Nabiullina, announced a decision to reduce the key interest rate to 18% per annum.

On July 25, 2025, the Bank of Russia's Board of Directors decided to reduce the key rate by 200 basis points to 18.00% per annum.

Credit and non-bank financial institutions have been advised to provide information about complex financial products on dedicated sections of their websites and mobile apps.

Bank of Russia Governor Elvira Nabiullina and Deputy Governor Alexey Zabotkin are scheduled to participate in a press conference on July 25 at 15:00.

The Bank of Canada has released the results of its Canadian Survey of Consumer Expectations for the second quarter of 2025.

The Bank of England has introduced a series of measures aimed at maintaining financial sector stability while providing growth opportunities for mid-sized banks and building societies.

The European Central Bank (ECB) has initiated a public contest to design future euro banknotes, marking a new phase in the redesign process.

The European Central Bank (ECB) has released its third progress report on the digital euro's preparation phase, which began on November 1, 2023.

The London Foreign Exchange Joint Standing Committee (FXJSC) Legal Sub-committee convened on March 5, 2025, at the Bank of England.

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have announced proposals to reform the Senior Manager Certification Regime (SM&CR).

The Economic Secretary to the Treasury has confirmed the reappointment of Marjorie Ngwenya as an External Member of the Prudential Regulation Committee (PRC).

The Reserve Bank of Australia (RBA) has released a Consultation Paper as part of its ongoing review of merchant card payment costs and surcharging.

Federal bank regulatory agencies have issued a joint statement to provide clarity on banks' involvement in crypto-asset-related activities.

The Bank of Russia has presented its plans for regulating the initial public offering (IPO) market following a public discussion of its initiatives.

The Reserve Bank of Australia (RBA) has expressed its support for the Australian Securities and Investments Commission's (ASIC) decision to grant a clearing and settlement facility licence to Clearstream Banking S.A. Clearstream holds a...