The Financial Stability Board (FSB) recently reported that its Regional Consultative Group for the Middle East and North Africa (RCG MENA) convened in Riyadh to discuss global and regional financial stability vulnerabilities. This marked the first in-person meeting for the group since the onset of the COVID pandemic.
The Central Bank of The Bahamas has announced its intention to expand outreach efforts and continue the development and beta-testing of new features for its digital currency, the SandDollar. This follows several initiatives launched over the holiday season to promote the digital currency.
The European Central Bank (ECB) has revealed plans to intensify its climate change initiatives in 2024 and 2025. The bank has pinpointed three key areas for focus: the impact and risks associated with transitioning to a green economy, the escalating physical impacts of climate change, and the economic and financial system risks presented by nature loss and degradation.
The Bank Term Funding Program (BTFP), an initiative established by the Federal Reserve Board to fortify the banking system following the collapse of Silicon Valley Bank, will cease accepting new loans in March. However, it will continue to provide new loans until that time.
The Governing Council of the European Central Bank (ECB) has decided to maintain its three key interest rates, citing information that supports its prior evaluation of the medium-term inflation outlook.
The European Central Bank (ECB) has published the findings of the Eurosystem's January 2024 euro area bank lending survey. Conducted quarterly, the most recent survey indicated a moderate tightening in credit standards and a decrease in demand for both business and consumer lending.
The Federal Reserve Board has announced the appointment of five new members to its Community Advisory Council (CAC), replacing five whose terms concluded in December 2023.
The Federal Reserve Bank of New York has released a report titled, "The State of Low-Income America: Credit Access & Housing." This third installment in a series delves into the financial circumstances of low-income households, with a particular focus on their ability to access and maintain credit, the burden of rent, and mortgage refinancing.
The Central Bank of the Republic of Armenia (CBA) has reinstated its membership in the World Bank Treasury’s Reserve Advisory & Management Partnership program (RAMP), after having withdrawn in 2014.
The Federal Reserve Board has announced the appointment of four new members to its Community Depository Institutions Advisory Council (CDIAC). The Board also disclosed the names of the council president and vice president for 2024.
The European Central Bank (ECB) has announced the release of experimental statistics on Distributional Wealth Accounts (DWA). These statistics provide quarterly household distributional information in alignment with national accounts.
Belize Bank Limited has been granted an interim injunction against the enforcement of Practice Direction No. 7 – Regulation of Fees and Charges (PD No. 7) by the Central Bank of Belize. This injunction temporarily suspends the implementation of PD No. 7 until a court ruling is made on its applicability.
The Federal Reserve Board has unveiled the appointment of chairs and deputy chairs for the 12 Federal Reserve Banks for 2024, along with updates to the board’s website.
The Central Bank of Solomon Islands (CBSI) has announced an update to the Solomon Islands’ $100 and $50 banknotes, incorporating a new security feature in the form of a stripe. This enhancement is aimed at combating the increasing instances of counterfeiting and will be integrated into the latest reprints of these banknotes.
The European Central Bank (ECB) has revealed plans to carry out a cyber resilience stress test on 109 directly supervised banks in 2024. The primary objective of this test is to assess the banks' capacity to respond and recover from a potential cyberattack.
The Federal Reserve Bank of New York has announced the implementation of a new common policy for bank records disclosure by the 12 federal reserve banks. The objective of this policy is to enhance transparency by simplifying and standardizing the process of information requests from the public and news media.
The Hong Kong Monetary Authority (HKMA) has announced plans to initiate its Interbank Account Data Sharing (IADS) pilot program in the early part of next year. The scheme will allow customers, upon their agreement, to share their bank account data securely and efficiently with other banks.
The Reserve Bank of New Zealand has issued a warning to Citibank NZ for failing to provide originator information in thousands of international wire transfers to beneficiary institutions. This is a requirement under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) have released a report titled "Towards macroprudential frameworks for managing climate risk." The document delves into the potential risks that climate change poses to the financial system of the European Union (EU), and proposes a macroprudential strategy aimed at mitigating these impacts on the sector.