Today, Patrick McHenry, Chairman of the House Financial Services Committee, requested an audit by the Government Accountability Office (GAO) of the Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Secure System (BOSS). The BOSS registry is designed to support national security efforts by helping law enforcement target individuals exploiting the U.S. financial system for illicit activities.

Most statistical data and surveys indicate a slowdown in economic growth, influenced by both demand and supply factors. A gradual decline is observed in lending; employers' demand for new jobs is decreasing, and households are showing an increased tendency to save.

The Reserve Bank of Australia (RBA) has initiated a review into Retail Payments Regulation, focusing on the costs merchants incur when accepting card payments and the surcharging framework. The RBA has released an Issues Paper and is inviting stakeholders to provide detailed feedback on the current regulatory framework, as well as suggest potential regulatory responses. This input will be vital in shaping future reforms aimed at ensuring a safe and efficient payments system.

The Bank of Russia has outlined its strategic plans for financial technology development from 2025 to 2027. The focus will be on ensuring seamless service provision and customer safety. The central bank aims to enhance digital and payment infrastructure, improve legal frameworks, and maintain technological sovereignty and information security.

This study investigates the effects of the Basel III regulatory framework on financing decisions within South Africa's real sector. The research utilizes a sample of 2,045 firm-year observations from 2011 to 2015 and applies the difference-in-differences approach.

The Bank of Russia has concluded discussions on proposals for the development of the microfinance market for 2025-2027. Participants largely supported efforts to stimulate the market for affordable loans to households and businesses, while also emphasizing the need for microfinance organizations (MFOs) to eliminate practices leading to household over-indebtedness.

The Bank of Canada's third-quarter 2024 Business Outlook Survey indicates continued muted inflationary pressures among businesses. The survey, conducted from August 8 to 30, involved interviews with senior management of about 100 firms across Canada. It highlights weak demand and excess capacity as primary factors affecting business conditions.

Bank of Russia Governor Elvira Nabiullina and Minister of Finance of the Russian Federation Anton Siluanov presented the outcomes of Russia's BRICS presidency in terms of cooperation among central banks and finance ministers at a meeting held in Moscow.

The Bank of Russia has introduced a new regulation requiring credit institutions to promptly update their systems with fraudsters' details from the regulator's database. This measure aims to reduce fraudulent fund transfers.

Starting January 1, 2025, trust managers will transition to offering only individualized strategies for private investors. The Bank of Russia has issued an ordinance requiring these managers to consider the financial standing, education, and market experience of their clients when building investment portfolios. This approach aims to better assess both the risk appetite and the risk-bearing capacity of customers.

The Canadian Survey of Consumer Expectations for the third quarter of 2024 indicates a decline in consumers' perceptions of current inflation and their expectations for future inflation. Although these expectations have decreased, they remain above pre-pandemic levels. The survey, conducted online from August 6 to 23, 2024, with follow-up phone interviews from September 3 to 12, highlights that strong government spending and high housing costs are seen as contributors to inflation.

The Bank of Russia has announced that it will not impose a limit on the total cost of credit (TCC) for consumer mortgage loans intended for purchasing or building houses and land plots. This decision applies to loans issued by credit institutions from October 10, 2024, to March 31, 2025.

The financial derivatives market has been recovering gradually since 2023. This recovery is progressing step by step due to limited access to foreign markets and challenges with settlements.

The Bank of Canada has announced that it will begin releasing its Monetary Policy Report (MPR) in an interactive, web-based format starting October 23, 2024. This quarterly report, produced by the Bank’s Governing Council, provides a base-case projection for inflation and growth within the Canadian economy, alongside projections for the global economy and an assessment of associated risks.

In the third quarter of 2024, the growth of incoming payments processed through the Bank of Russia averaged 0.4%, a significant decrease from the 7.4% recorded in the second quarter. In September alone, there was a slight decline of 0.2% compared to the average for Q2.

The Reserve Bank Board has released its review of the Term Funding Facility, as announced today by the Bank. This review is part of a broader examination of monetary policies adopted in response to the pandemic. The objective is to maintain transparency and openness about the experiences and lessons learned.

Nominal and real interest rates have increased across most financial market segments, according to a recent update. Despite the rise in rates, inflation expectations among households and businesses have decreased but remain historically high.

Today, U.S. Senator Sherrod Brown of Ohio expressed his condolences to the family of former Senator Tim Johnson following his passing. Johnson, who represented South Dakota, served as Chair of the Senate Banking, Housing and Urban Affairs Committee during part of Brown's tenure on the committee from 2007 to 2015.

The Bank of Russia has released a paper discussing the future of remote identification for financial institutions' customers. As digitalization progresses in the financial sector, there is an increasing demand for remote service channels. The central bank aims to explore further development areas, implement new mechanisms and technological solutions, and address potential risks with mitigation strategies.

The Bank of Russia has outlined its priorities for the Financial Inclusion Programme for 2025-2027. The main objectives are to enhance public financial health and increase the value and utility of financial products. These goals aim to be achieved through the introduction of product governance principles in the financial market.