The Deutsche Bundesbank will not distribute profit to the German federal government for the first time since 1979, it said on March 3. The Bundesbank this was mainly due to the increase in risk provisioning,…
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A group of international financial organisations has launched the Climate Training Alliance (CTA) to provide climate risk education to central banks and financial supervisors. In a statement on July 9, the Bank for International Settlements announced…
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The number of women in senior positions within UK banks has increased over the last 20 years, but little progress has been made on improving age and nationality diversity. These were the findings of new…
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Vietnam’s prime minister, Pham Minh Chinh, has instructed the country’s central bank to develop a “virtual currency” based on blockchain within the next three years. On June 15, Chinh published a plan for the development…
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Putting more investment and energy into regtech, instead of solely focusing on crypto and CBDC, would help to secure more of the expected benefits from digital evolution by : Source link
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Emerging markets have become much more resilient in dealing with international capital inflows, while better leveraging the benefits of inward investment. The Bank for International Settlements’ Committee on the Global Financial System highlights these findings…
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The International Monetary Fund has urged countries that receive low scores as part of the fund’s fiscal transparency evaluation (FTE) to open up their budget processes. In an article that focuses on the Middle East and central…
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Strong communication and openness from the central bank are key ingredients in a successful financial stability policy, Koba Gvenetadze said today (June 14). The National Bank of Georgia governor said transparency plays several roles –…
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A group of the UK’s financial regulators have outlined a series of policy measures to improve levels of diversity and inclusion in the financial sector. In a discussion paper published today (July 7), the regulators…
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The Bank for International Settlements is paying out an extra dividend to its 63 central bank shareholders this year, after the rapid market recovery in 2020 generated large profits. Net profits were SDR1.2 billion ($1.7…
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