Latest News for: Banking stability

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Australian Banking Watchdog Tightens Rules for High-Risk Loans

The Epoch Times 30 Nov 2021
As a result, banks will be allowed to hold less capital against these types of loans ... "Capital is the cornerstone of the banking system's safety and stability," APRA Chair Wayne Brynes said.
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Bank of Ghana signs cooperation MoU with Bank of Mauritius

Business Ghana 30 Nov 2021
The objectives of the MoU are to establish an arrangement for the exchange of information concerning the stability and development of their respective banking The MoU is also expected to strengthen areas of compliance with international standards and regulations related to the ...
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No proposal to recognise Bitcoin as currency, says Sitharaman

Sify 30 Nov 2021
The Reserve Bank of India has maintained its strong views against cryptocurrencies, saying they pose serious threats to macroeconomic and financial stability. The central bank also doubted the reported number of ...
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Hundreds in Merritt, surrounding area still without power following Nov. 15 flooding (Kamloops)

Castanet 30 Nov 2021
Crews worked to stabilize the Coldwater River bank in Merritt ahead of a weekend storm that led to a significant rise in river levels on Sunday ... City officials in Merritt got good news on Monday morning, after temporary diking and stabilization efforts held a rising Coldwater River at bay overnight.
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Israel’s deputy foreign minister aims to woo progressives, but Israeli policies get in the way

Cleveland Jewish News 30 Nov 2021
“The Belgian government’s decision to label products from Judea & Samaria strengthens extremists, does not help promote peace in the region, and shows Belgium as not contributing to regional stability,” Roll said on Twitter, using the biblical names for the West Bank preferred on the Israeli right.
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HFSF to disengage from banks

Ekathimerini 29 Nov 2021
The Hellenic Financial Stability Fund (HFSF) will have to prepare a strategy for the concession of its stakes in the country’s main banks, ahead of the prospect of its full divestment from the systemic lenders by 2025, according to a ...
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EXCLUSIVE Russia's VTB expects rising interest rates could hit profit next year -CEO

Reuters 29 Nov 2021
VTB expects another 50 bps rate rise at the central bank's next meeting on Dec ... "I do not think that this (potential new sanctions) is a serious threat for the country's financial stability or for the bank," he said, adding that any new sanctions would hurt U.S.
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Ghana's insurance penetration pegged at 1% over five-year period – BoG report

Ghana Web 29 Nov 2021
The Bank of Ghana has revealed the country’s ... According to the central bank’s 2020 Financial Stability Review, insurance penetration, in the near-to-medium term, is estimated to increase following the passage of a number of the new Insurance Bill currently before Parliament.
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'RBI digital currency likely in crypto bill'

The Times of India 29 Nov 2021
Terming the government's bill as a response to the central bank's concerns about macro-economic stability, the official in the know of discussions on the upcoming legislation said the "government's response is not to ban cryptocurrencies but rather to provide cryptocurrency via the RBI".
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RBI-backed CBDC likely to feature in crypto bill: official

The Times of India 29 Nov 2021
Terming the Centre’s bill as a response to the central bank’s concerns about macro-economic stability, the official in the know of discussions on the upcoming legislation said the “government’s response is not to ban cryptocurrencies but rather to provide cryptocurrency via the RBI.”.
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Reducing leverage to strengthen long-term stability

China Daily 29 Nov 2021
... limits on some developers' debt levels and caps on bank loans to the sector ... Developers having a lower debt burden and better ability to repay loans will also mean a lower risk of bad loans for banks and bond defaults for investors, strengthening overall financial stability.
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Possible new U.S. sanctions on Russia's OFZ market not a serious threat to financial stability ...

Reuters 29 Nov 2021
sanctions on Russia's secondary OFZ treasury bond market are not a 'serious threat' for the country's financial stability as state banks are much bigger holders of the bonds than U.S. investors, the head of state bank VTB said ... Register ... ....
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Togbe Afede advocates separation of Governorship and Chairmanship of BoG

Business Ghana 29 Nov 2021
Togbe Afede XIV, the Agbogbomefia of the Asogli state has called for the separation of Governorship and Chairmanship at the Bank of Ghana ... Bank of Ghana has lost focus, competing with the banks for profits, instead contributing to the macro-economic objectives of stability, growth and employment creation.".
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Bank of England concerned about El Salvador’s Bitcoin law

Inside Bitcoins 29 Nov 2021
Bailey, who is the governor of the Bank of England, has supported the recent sentiments by the International Monetary Fund (IMF) regarding the same ... The institution further noted that the use of Bitcoin “as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability.”.
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