The pandemic and recent inflation have heightened credit risk concerns. Supervisors have observed higher-risk and deficient lending practices.
August 8, 2022Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.
August 5, 2022Bangladesh has sufficient FX reserves for over five months of imports, providing some cushion. It has also taken measures to address its falling FX reserves.
August 3, 2022Securities firms will be exempt from a requirement to hold collateral worth at least 140 percent of the value of each stock purchase to provide credit to customers.
July 5, 2022The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.
July 4, 2022The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.
June 30, 2022The BIS warns that the dangers of stagflation "loom large" due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.
June 29, 2022Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.
June 28, 2022The central bank also adjusted its base interest rate and announced plans to issue a 6-month savings bond that will pay 20 percent annualised interest.
June 20, 2022The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.
June 16, 2022