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Central Bank of Russia

Statistics on complaints to Bank of Russia: mid-year results

In the January to June 2020  period, the Bank of Russia received a total of 148.4 thousand complaints from financial consumers — a rise of 15.2% vs the same period in 2019. The growth owes its origin mainly to the number of applications for loan restructuring related to adverse national epidemiological conditions. Yet, the number of such complaints saw a drastic…

yearly low, extensions

The Future of Retail Payments in the United States

It is a pleasure to be here today with Esther George and Ken Montgomery to talk about the future of America's retail payment system. Recognizing that the retail payment infrastructure touches every American, a year…

yearly low, extensions

Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States

The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States. The features and functionality described in…

Mühleisen

South Africa Looks Toward Inclusive Recovery to Stabilize Debt, Boost Growth

In a conversation with IMF Country Focus, the Director-General of South Africa’s National Treasury Dondo Mogajane explains how the government has responded to the COVID-19 crisis, how IMF financing will help to stabilize the economy, and…

Survey BIS

BIS Innovation Hub and HKMA invite global innovators to participate in a trade finance digitisation TechChallenge

TechChallenge competition to highlight potential of new technology to safeguard and enhance trade financing. Firms are invited to submit innovative solutions to address TradeTech operational challenges by 31 August 2020. Financial sponsorship will be offered…

Frank Elderson: We should aim for a 1.5 degree economy when designing the recovery path

Introduction I am honored to open this session today. In the past 5 years, I gave more than 50 official speeches and even more informal presentations at numerous occasions, but I have never spoken in…

Bank of Albania

Gent Sejko: Albania’s economic and financial developments in 2019

Honourable Madam Chair of the Committee, Honourable Members of the Committee, Allow me, to thank you, notwithstanding the unexceptional circumstancing, for the invitation and the opportunity to present the main messages of the Annual Report…

New Challenges for Japan's Labor Market

Haruhiko Kuroda: The impact of COVID-19 on the Japanese economy and the Bank of Japan’s response

Introduction It is my great pleasure to have the opportunity today to participate in this virtual discussion. In my opening remarks, I will talk about the impact of COVID-19 on Japan's economy and the Bank…

ECB

Luis de Guindos: Building the financial system of the 21st century

In my remarks today, I will highlight the impact that the coronavirus (COVID-19) shock has had on the banking sector and market-based sources of finance. In both the euro area and the United States, the…

Reserve Bank of India

Shaktikanta Das: Are dynamic shifts underway in the Indian economy?

Thank you for having me in this interaction with members of the National Council of the Confederation of Indian Industry (CII). I am pleased to note that the CII has realigned its functioning and thought…