Small merchants who borrowed from nonbank financial institutions with interest rates ranging from 5 to 7 percent can apply for partial refunds.
March 13, 2024The RBNZ said its final ESAS access policy will balance its initial risk-based approach against the innovation and competition benefits the access will bring.
March 8, 2024The new system is expected to help the central bank rebuild foreign exchange reserves while also easing local currency liquidity stress.
February 18, 2024The agreement was signed in November 2021 after seven years of negotiations. It has taken until now for the required legislative processes.
January 1, 2024The FCA and BOE published discussion papers outlining the UK's proposed regulatory approach for regulating fiat-backed stablecoins.
November 7, 2023RBNZ consultation revealed "considerable demand" for access to ESAS by non-banks for payments and settlements, access to HQLA, and interest income.
October 20, 2023ANZ was ordered to pay a A$15mn penalty, on top of A$8.3mn in remediation paid to over 186,000 credit card accounts.
September 27, 2023The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a "revenue enhancement tool".
August 21, 2023ECB will stop paying interest on minimum reserves, require weekly liquidity data, and impose capital add-ons for leveraged finance exposures.
August 1, 2023The Australian Taxation Office is seeking to identify individuals who are failing to meet their tax obligations on residential investment properties.
April 14, 2023