Latest News for: Banking stability

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Islamic banks directed to improve risk management

Dawn 15 Jun 2021
The central bank on Monday issued exclusive instructions on Shariah Non-Compliance Risk (SNCR) management aimed at enhan­­c­­ing the stability and soundness of Islamic banking ... “The SNCR is a unique risk faced by Islamic Banking Institutions (IBIs) and must be managed proactively,” said the SBP.
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Ghana Inflation falls to unexpected record low

Ghana Web 15 Jun 2021
Ghana’s inflation rate dropped its lowest level since the start of 2013, at 7.5 percent in May, which is less than the median of the Bank of Ghana’s target band of between 6 percent and 10 percent ... The central bank’s monetary policy committee a fortnight ago predicted that the rate will be close to 8 percent by June.
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Experts: Money, credit supply set to rebound in H2

China Daily 15 Jun 2021
The central bank said that new yuan ... The data also indicated the continuity, stability and sustainability of monetary policy, which also reflects the central bank's priority to maintain a stable policy stance, while focusing on cross-cyclical balance of supply and demand, said Li.
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Lebanese trade unions launch general strike to demand new govt

Arab News 15 Jun 2021
The MP’s remarks came after a review session of unimplemented loans with the World Bank.The dollar exchange rate on the black market stabilized at the beginning of the week at a new record level, in light of the citizens’ distrust of the political and monetary authority.
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Sudan: Currency Auctions Spur Controversial Stands Among Economists

All Africa 14 Jun 2021
The Bank considers the stabilization of the national currency one of the ...
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PH banks issued $2.78B green bonds

Manila Bulletin 14 Jun 2021
Diokno said banks are crucial in mobilizing funds to finance green and sustainable projects – “and at the same time, in safeguarding financial stability from shocks coming from climate and other environment-related factors.” ... such as on a bank’s operation and financial interest.
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Goldman Sachs sees further policy rate cut in 2021

Ghana Web 14 Jun 2021
“Given the increased confidence on the fiscal side and the stability of the cedi—supported by capital inflows and gains in the terms of trade—we believe that lower inflation in the coming months will prompt the Bank of Ghana to deliver a further 200bp cut by year-end.
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Goldman Sachs predicts further policy rate cut in 2021

Ghana Web 14 Jun 2021
“Given the increased confidence on the fiscal side and the stability of the cedi—supported by capital inflows and gains in the terms of trade—we believe that lower inflation in the coming months will prompt the Bank of Ghana to deliver a further 200bp cut by year-end.
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Sheikh Mansour chairs UAE central bank board meeting

The National 14 Jun 2021
Sheikh Mansour bin Zayed chaired a meeting of the board of directors of the Central Bank of the UAE at Qasr Al Watan on Monday. The Deputy Prime Minister, Minister of Presidential Affairs and chairman of the central bank’s board led the meeting in Abu Dhabi at which its new organisational structure was approved, Wam reported.
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BoG declines response to UT Bank, unibank petitions

Business Ghana 14 Jun 2021
Bank of Ghana Act ... “The BoG’s exercise of its statutory powers under the BSDTI Act, including its power to revoke banking licences, are in furtherance of its mandate to ensure an effective and efficient banking and credit system in Ghana and to maintain financial stability by preserving public confidence in the banking system.
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Bond funds cheer emerging markets moving fast to choke inflation

The Times of India 14 Jun 2021
It’s essential that central banks react pro-actively.” ... Elsewhere, hawkish comments from Russia’s central bank chief will probably support the ruble, which may help to stabilize inflation expectations, said Anders Faergemann, a money manager at PineBridge Investments in London ... How different central banks are readying for tapering.
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Mansour bin Zayed chairs Central Bank's board meeting

Urdu Point 14 Jun 2021
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 14th Jun, 2021) The Board of Directors of the Central Bank of the UAE (CBUAE) held today its third regular meeting in 2021 at Qasr Al Watan, chaired by H.H ... The board also approved the enforcement of measures to be taken against facilities that violate the Central Bank’s policies and instructions.
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EU to sell first bond backing recovery fund on Tuesday

Metro USA 14 Jun 2021
(Reuters) -The European Union on Monday hired banks for a 10-year bond sale, the first to ... The sale should be launched on Tuesday, Johanness Hahn said at a capital markets seminar hosted by the European Commission, European Investment Bank and the European Stability Mechanism.
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Programs offer stability for unbanked Nevadans

Las Vegas Sun 14 Jun 2021
People who don’t have a bank account often pay for services in cash, said Guzman, president and CEO of Latin Chamber of Commerce Nevada, which is based in Las Vegas ... “One of the first steps to financial stability is becoming banked and using it for transactions.” ... The banks have worked hard to create what they consider safe and affordable accounts.”.
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