Latest News for: Banking stability

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SAMA Governor: International trade restrictions threaten global economy in medium term

Eye Of Riyadh 27 Jul 2024
... risks on financial stability ... As for non-bank financial institutions, they have emerged as key players in the financial sector, and global financial stability could hinge on their resilience, he added.
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Insurance systems indispensable for maintaining financial stability - GDPC

Business Ghana 27 Jul 2024
Pearl Esua-Mensah, Chief Executive Officer of Ghana Deposit Protection Corporation (GDPC), says deposit insurance systems are indispensable for maintaining financial stability in the light of recent global financial challenges and bank failures.
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CBN Sells $148m to Authorised Dealers

This Day 27 Jul 2024
Hakama Sidi Ali, underscored the transparency of the apex bank’s operations ... According to the CBN director, the governor had assured that the bank will continue to address the supply gap to ensure the market stability.
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Global economy has increasing likelihood of soft landing: G20

Anadolu Agency 27 Jul 2024
Central Banks remain strongly committed to achieving price stability in line with their respective mandates, and will continue to adjust their monetary policies in a manner that is dependent on incoming macroeconomic data, it added.
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BCN returns CABEI $200 million loan to counter massive bank run

The Cleveland American 26 Jul 2024
He pointed out that with this cancellation, the bank reaffirms its “firm commitment to immediate compliance with its international financial obligations and ensuring the stability of the monetary and financial system.”.
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Big banks cut deposit rates to strengthen sector stability

China Daily 26 Jul 2024
... been replaced by the seven-day reverse repo rate — by 20 basis points to 2.3 percent, a move experts said will also help ease commercial banks' funding costs and stabilize their net interest margin.
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Saudi Central Bank Governor Praises Global Monetary Policies

The Arabian Post 26 Jul 2024
His analysis pointed to the success of these measures in stabilizing prices and sustaining economic momentum ... He noted that central banks have played a pivotal role in managing liquidity, ensuring financial stability, and supporting economic recovery.
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Greek Parliament Ratifies Attica Bank and Pancreta Bank Merger

Greek City Times 26 Jul 2024
... Plefsi Eleftherias’ rapporteur regarding whether the market research conducted by JP Morgan for the investor, on behalf of the Hellenic Financial Stability Fund (HFSF), included Pancreta Bank.
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Can central banks still go green?

Gulf-Times 26 Jul 2024
But a firm commitment to price stability does not require central banks to drop green-oriented monetary policies altogether ... The second reason is that in most countries central banks are mandated to ...
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Hong Kong reappoints central bank chief

Hong Kong Standard 26 Jul 2024
Hong Kong’s government reappointed Eddie Yue as its de-facto central bank chief to another five-year term to keep stability in the financial hub.  ... market and banking system.” .
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Are banks in the UAE, GCC building better appetite for expanding regionally?

Gulf News 26 Jul 2024
GCC banks’ appetite to expand in Turkiye has increased since the country’s ... Together with greater Turkish lira stability, this could improve GCC banks’ returns on their Turkish operations, it added.
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Eddie Yue reappointed chief executive of Hong Kong Monetary Authority

China Daily 26 Jul 2024
Under the leadership of Eddie Yue, the HKMA has maintained the stability of Hong Kong's money market and banking system, and has helped safeguard Hong Kong's financial security, said Chan.
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Hong Kong Reappoints Chief of De Facto Central Bank

Caixin Online 26 Jul 2024
... hub’s banking system and currency amid lingering global economic uncertainties.
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Bank of Russia raises key interest rate by 200bps to 18% to combat war-driven inflation

Invezz 26 Jul 2024
Central bank revises inflation forecasts ... According to the bank’s projections, annual inflation is expected to decline to 4.0-4.5% in 2025, stabilizing at around 4% in subsequent years ... “The Russian Central Bank raised its key rate to 18%.
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What is BaaS and how does it benefit Middle East’s financial landscape?

Tahawultech 26 Jul 2024
Although some banks may be hesitant to implement BaaS because of concerns regarding the stability of service and loss of independence, these issues are highly outweighed by the advantages of the solution’s incorporation.
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