Elvira Nabiullina, the Governor of the Bank of Russia, addressed the State Duma committees regarding the draft Monetary Policy Guidelines for 2025–2027.
The House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), has addressed federal banking regulators with a letter in response to a request for information regarding bank-fintech partnerships.
In the third quarter of 2024, the number of companies enabling payments through the Faster Payments System (SBP) saw a 13% increase, according to data from the Bank of Russia.
Lawmakers have raised concerns over recent actions by the Federal Deposit Insurance Corporation (FDIC) regarding changes to asset manager passivity agreements.
The Bank for International Settlements (BIS) and its central bank partners have demonstrated that regulatory compliance can be integrated into cross-border transaction protocols through Project Mandala.
Erica Khalili, Chief Legal Risk Officer and Co-founder of Lead Bank, has emphasized the transformative role of crypto-centric banks in reshaping traditional finance.
Today, Patrick McHenry, Chairman of the House Financial Services Committee, commented on the U.S. Department of the Treasury's final rule limiting outbound U.S. investment to China.
The Bank of Russia has announced an increase in the key interest rate to 21% per annum, as revealed by Governor Elvira Nabiullina following a Board of Directors meeting on October 25, 2024.
The Institute for Monetary and Economic Studies (IMES) of the Bank of Japan recently conducted a workshop titled "Macroeconomics and Central Banking." This event was held in collaboration with the Bank of Canada and the Federal Reserve Bank of Philadelphia. The IMES Newsletter has provided a summary of the discussions that took place during this joint workshop.
The Bank of Canada has announced a reduction in its target for the overnight rate to 3¾%, with the Bank Rate set at 4% and the deposit rate at 3¾%. This move is part of the bank's ongoing balance sheet normalization efforts.
Good morning. The central bank has announced a reduction in the policy interest rate by 50 basis points, bringing it down to 3.75%. This marks the fourth consecutive decrease since June. "We took a bigger step today because inflation is now back to the 2% target and we want to keep it close to the target," said an official.