Latest News for: Banking stability

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New Czech central bank governor says reducing inflation is priority

FX Empire 01 Jul 2022
Upon his appointment in May, he said he expected to propose rate stability for some time at the first monetary policy meeting of the bank’s board, due on Aug ... He said the bank would continue in macroprudential policies and market supervision to maintain financial stability and banking system resilience.
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RBI releases the Financial Stability Report, June 2022

Beijing News 01 Jul 2022
Reserve Bank of India (RBI) released the 25th issue of the Financial Stability Report (FSR), which reflected the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system.
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RBI wary of recast MSME portfolio; Banks’ gross NPAs at 6-year low

Financial Express 01 Jul 2022
The central bank, in its Financial Stability Report (FSR) released on Thursday, observed that bad assets in the MSME sector are relatively high, though they have moderated from 11.3% in September 2021 to 9.3% in March 2022 ... As such, the banking stability indicator, which presents ...
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Banks stare at trading losses as yields rise

The Times of India 01 Jul 2022
“Hardening of government bond yields in the face of additional borrowing could result in mark-to-market losses for banks,” the central bank said in its Financial Stability Report ... balance sheets poses risks to macro-financial stability.
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Big tech firms offering financial services pose risk to financial stability: RBI

The Telegraph India 01 Jul 2022
The central bank, in its 25th Financial Stability Report (FSR), said the advent of FinTech has exposed the banking system to new risks which extend beyond prudential issues and often intersect with other public policy objectives relating to safeguarding of data privacy, cyber ...
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Rupee sees worst qtr since Covid, FM says it’s performance is better than other currencies

The Times of India 01 Jul 2022
Even the Japanese yen — usually a safe-haven currency — fell precipitously against the dollar as the Bank of Japan reiterated its decision to continue with accommodative monetary policy,” the RBI said in its financial stability report (FSR).
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Don’t link your Ghana card to your bank account via social media link – BoG warns

Joy Online 01 Jul 2022
The Head of Financial Stability at the Bank of Ghana, Dr. Joseph France, has warned the general public against linking their Ghana cards to their bank accounts through links sent via social media. According to him, no bank has put it out there that clients can link their Ghana cards and bank accounts remotely ... No bank will ask you,” he said.
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Euro area inflation to hit new record high of 8.6% in June

Anadolu Agency 01 Jul 2022
Last week, European Central Bank’s President Christine Lagarde said that the bank will "go as far as necessary" to ensure that inflation stabilizes at the bank's 2% target ...
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No debits from bank accounts without Ghana card authentication from July 1 – Dr. France

Joy Online 01 Jul 2022
The Head of Financial Stability at the Bank of Ghana, Dr. Joseph France, says commencing July 1, all persons who have failed to link their Ghana cards to their bank accounts will be unable to withdraw funds from their bank accounts ... The linkage of Ghana cards to bank accounts is a government initiative to weed out fraudsters from the banking sector.
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Reserve Bank changes put financial stability as its core role - analyst

RNZ 01 Jul 2022
The running of the Reserve Bank faces its biggest shake-up in decades today as a board of directors takes control from an all-powerful governor ... Banking consultant Simon Jensen, from Buddle Findlay, said the new structure changes the RBNZ's core banking objective from soundness and efficiency to financial stability.
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Dollar shortage may hit companies with overseas currency borrowings

The Times of India 01 Jul 2022
... in India and several companies with overseas currency borrowing could face some headwinds, the central bank's Financial Stability Report (FSR) said.
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Rupee, sensex see worst quarter since Covid

The Times of India 01 Jul 2022
Even the Japanese yen — usually a safe-haven currency — fell precipitously against the dollar as the Bank of Japan reiterated its decision to continue with accommodative monetary policy,” the RBI said in its financial stability report () ... This 61-basis-point increase in yields would result in banks racking up huge marked-to-market losses.
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New era of inflation will bedevil central banks and bond markets

The Hill 01 Jul 2022
Speeding up the process of decarbonization poses a new challenge to central banks and their efforts to keep inflation near the 2 percent target over the medium run ... Furthermore, the recent loss of central bank credibility is likely to raise the cost of restoring price stability.
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Ringgit falls versus US dollar on Fed's stance to raise interest rates

Malaysian National News Agency 01 Jul 2022
"The US dollar’s uptrend will continue following Powell’s statement that the central bank will use all the tools at its disposal to maintain price stability in the economy and overcome the rising inflation.

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Servicemen work at the scene at a residential building following explosions, in Kyiv, Ukraine, Sunday, June 26, 2022.
AP / Nariman El-Mofty
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