The latest measures include a NZ$30bn bond-buying programme, a new term lending facility for banks, and additional liquidity to support funding markets.
March 23, 2020The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.
March 21, 2020Temporary currency swap lines will be established with 9 central banks - including BOK, RBA, MAS and RBNZ - to lessen the strain on US dollar funding markets.
March 19, 2020Bank of Korea has cut its key rate by 50 basis points to 0.75 percent, joining other central banks unveiling emergency measures to fight the coronavirus outbreak.
March 17, 2020The Fed is cutting interest rates by 100bps and will buy $700bn in assets. Banks will no longer have to meet reserve requirements and can use capital and liquidity buffers to lend.
March 16, 2020The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.
March 4, 2020The Fed is exploring policy and design issues, legal considerations, and financial stability and resilience implications, governor Lael Brainard says.
February 11, 2020The proposed revisions seek to relax the Volcker Rule's general prohibition on banks investing in hedge funds, private equity funds and credit funds.
February 1, 2020The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.
January 20, 2020UPI adoption has grown from 100,000 to 1.15 billion monthly transactions in four years, with 140 member banks using its rails to enable payments for customers.
December 19, 2019