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FSB seeks feedback on its Global Monitoring Report on Non-Bank Financial Intermediation

FSB seeks feedback on its Global Monitoring Report on Non-Bank Financial Intermediation

The Global Monitoring Report (GMR) on Non-Bank Financial Intermediation (NBFI) is one of the FSB’s flagship reports. The report has been prepared on an annual basis since 2011 and assesses global trends in the NBFI…

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IMF code drives reform of central bank transparency

IMF code drives reform of central bank transparency

The IMF’s second HQ building The International Monetary Fund has successfully piloted the first evaluations using its Central Bank Transparency Code, an advisory progamme developed since 2020. The fund reports its “recommendations received strong traction…

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Biden admin says Republican concerns about oil reserve damage unfounded By Reuters

Biden admin says Republican concerns about oil reserve damage unfounded By Reuters

© Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.…

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Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it’s a high-stakes game

Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it’s a high-stakes game

Speaker Kevin McCarthy said the House would vote on a debt ceiling bill 'within weeks.' AP Photo/Seth Wenig House Speaker Kevin McCarthy has laid out an opening gambit in what is likely to be a…

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Will AI ever reach human-level intelligence? We asked 5 experts

Will AI ever reach human-level intelligence? We asked 5 experts

Artificial intelligence has changed form in recent years. What started in the public eye as a burgeoning field with promising (yet largely benign) applications, has snowballed into a more than US$100 billion industry where the…

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FSB appoints new chairs of key committees

FSB appoints new chairs of key committees

Press enquiries: +41 61 280 8486press@fsb.org Ref: 6/2023 The Financial Stability Board (FSB) has appointed the chairs of two of its Standing Committees, following the departures of the previous chairs: Ms Nellie…

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Oil dips as potential Fed rate hike overshadows falling stocks By Reuters

Oil dips as potential Fed rate hike overshadows falling stocks By Reuters

© Reuters. FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas By Laila Kearney and Muyu Xu (Reuters) -Oil…

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South Africa’s power outages could reach critical levels this winter

South Africa’s power outages could reach critical levels this winter

Over the past 15 years South Africa has been experiencing a gradually worsening number of electricity cuts. This state of affairs has prompted frustration among citizens, negative international economic sentiment and financial hardship for many…

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Menon set to leave MAS this year – reports

Menon set to leave MAS this year – reports

Monetary Authority of Singapore managing director Ravi Menon is set to leave the institution later this year after a 12-year stint as chief, reports say. Menon’s term is due to end on May 31. He…

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FSB to consider lessons learned from recent banking-sector turmoil

FSB to consider lessons learned from recent banking-sector turmoil

Press enquiries: +41 61 280 8486press@fsb.org Ref: 7/2023 The Financial Stability Board (FSB) today published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors, ahead of their meeting…

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