Latest News for: Banking stability


FDIC Chair calls for clear guidelines for banks to hold crypto assets

OBN 27 Oct 2021
Federal Deposit Insurance Corporation (FDIC) Chairperson Jelena McWilliams has expressed her willingness to explore clear guidelines on how banks could hold cryptocurrencies ... However, she pointed out that oversight on stablecoins is necessary since they come with risks of affecting financial stability, securing funds for banks, and credit creation.

Long-term coal stability in focus

China Daily 27 Oct 2021
Zhou Maohua, an analyst at China Everbright Bank, said the country's tight energy situation will gradually ease off with the help of the government's effective measures to stabilize both supplies and prices, and the current high coal prices will retreat to "normal levels" sooner than later.

When an energy crisis collides with the climate crisis

GreenBiz 27 Oct 2021
Now, he has launched a similar campaign to pressure banks to stop financing fossil-fuel projects and is criticizing regulators for being complacent about systemic risk. Hohn to the world’s central bankers — the Bank of England, the European Central Bank, the European Banking Authority and the U.S.

Kinesis Money Partners With Atlas Vaults and Atlas Brokers in Latin America

The Marshall News Messenger 27 Oct 2021
We believe that with Kinesis we can be part of a greater ecosystem that will provide people with an alternative to the economic chaos being caused by the Central banking system, which has destroyed the value and stability of world currencies” ... CONTACT. Media contact. ... KEYWORD ... FINANCE BANKING NATURAL RESOURCES PROFESSIONAL SERVICES MINING/MINERALS ... PUB.

Traditions Bancorp, Inc. Reports Third Quarter 2021 Earnings

The Bradford Era 27 Oct 2021
This represents a $544 thousand, or 19%, decrease from the third quarter of 2020 and is a function of the stabilization of mortgage banking activities following the unprecedented prior year refinancing boom, favorable credit quality trends eliminating the current need for ...

Kinesis Money Partners with Atlas Vaults

Finance Magnates 27 Oct 2021
Thomas Coughlin, CEO of Kinesis Money comments. ... We believe that with Kinesis we can be part of a greater ecosystem that will provide people with an alternative to the economic chaos being caused by the Central banking system, which has destroyed the value and stability of world currencies” About Kinesis Money ... ....

Reserve Bank outlines climate risk strategy

RNZ 26 Oct 2021
The Reserve Bank has outlined its actions to alleviate and manage the economic risks associated with climate change. It says the financial stability risks associated with climate change are significant, requiring an urgent response. The Reserve Bank strategy has three components, ...

Ukraine is creating a global crypto hub using progressive legislation

Cryptopolitan 26 Oct 2021
In addition to legislation, Bornyakov advised the country’s National Bank of Ukraine to be a more important player in terms of stability, and to support the use of cryptocurrency in the digital economy. “It may create its own digital currency to help it win investments and maintain the banking system’s stability.”.

Financial stability key to a solid recovery

China Daily 26 Oct 2021
In this transitional period, maintaining global financial stability is key to a solid economic recovery ... On its part, the People's Bank of China has signed bilateral swap line agreements worth 3.99 trillion yuan ($624 billion) with 40 central banks and monetary authorities worldwide since 2008, contributing to global financial stability.

HILARY JOFFE: Alarm bells ring over Sipho Pityana’s action against Absa and regulator

Business Day 26 Oct 2021
Banks are different ... And the regulator is the custodian of the banking system itself, whose stability and soundness is crucial to the economy’s ability to function...

Holmes County receives seven bids for stream stabilization project on Killbuck Creek

Wooster Daily Record 26 Oct 2021
MILLERSBURG - The Holmes County Commissioners received seven bids ranging from $219,000 to $285,000 for a stabilization project on the Killbuck Creek that will protect roads and bridges along County Line Road between Holmes and Wayne counties ... "It will also allow vegetative stabilization on the banks of the river.

Dollar Stabilizes While Traders Await Central Banks Guidance

CryptoNewsZ 26 Oct 2021
Investors are on edge with central bank meetings, and data releases indicate new information on the rates ... Westpac analysts stated that the Dollar is finding stability near the mid-93s. The reason behind the trend is the focus on the European Central Bank’s meeting and the release of the US growth data.

China, Japan renew currency-swap deal

People Daily 26 Oct 2021
25 (Xinhua) -- The People's Bank ... The agreement will be valid for a three-year period and can be extended by mutual consent, China's central bank said Monday.

Over 97% of depositors fully covered in event of bank failure – NDIC

Business Day Online 26 Oct 2021
The Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday that over 97 percent of depositors would be fully covered by the corporation in the event of failure of any bank ... resilience and reinvention for banking system stability and deposit insurance’, in Gombe State ... World Bank sanction puts Nigeria’s reputation at risk -analysts.

SEC to head U.S. stablecoin regulation and enforcement

Cryptopolitan 26 Oct 2021
SEC to take charge in regulating the stablecoins sector in the United States.PWG is proposing a change in banking charters to accommodate stablecoins ... Banking charter to change to accommodate stablecoins. It’s no secret that banking regulations are changing ... The report will call on Congress for stiffer stability regulations to protect investors.