Banking licence of Evrokapital-Alliance revoked and provisional administration appointed
The revocation of a banking licence is an insured event as stipulated by Federal Law ‘On the Insurance of Deposits with Russian Banks’.
January 2019
Shared National Credit review finds some improvement in credit quality, risk remains elevated in leveraged loans
SNC review finds increased risks associated with leveraged lending and reminded remind banks to update credit risk management practices.
IMF commends Hong Kong’s strong buffers and prudent policy frameworks for ensuring continued stability
Buffers, strong economic fundamentals and robust regulatory & supervisory framework, HK is prepared for challenges ahead, International Monetary Fund says.
Statement by IMF Managing Director Christine Lagarde on Egypt
Egypt is making substantial progress on its IMF-backed economic reform programme, the fourth tranche of which is set to be unlocked this year.
Barclay Hedge Fund Index Drops 2.61% in December; Difficult 2018 Ends with Index Down 5.11% for the Year.
Hedge funds dipped 2.61% in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
Eddie Yue: How Hong Kong is prepared for macro-economic challenges on the horizon in 2019
remarks by Mr Eddie Yue, Deputy Chief Executive of the Hong Kong Monetary Authority, at the Hong Kong-Paris Financial Seminar, Hong Kong, 16 January 2019.
Shaktikanta Das: Reflections on current policy issues facing the Indian economy
Speech by Shaktikanta Das, Governor of RBI, on Indian Economy at Investors' Roundtable, 9th Vibrant Gujarat Global Summit 2019, Gandhinagar on 18.01.2019.
John C Williams: Monetary policy – A “Data Dependent” Approach
Monetary Policy by the President& CEO of Fed Reserve Bank of NY, at New Jersey Bankers Association's Economic Leadership Forum, Somerset on 18.01.2019.
Asian Stocks Lower, EURUSD Holds 1.14
Stocks in the US rallied on Friday as traders were relieved to see an end to one of the most extended U.S. government shutdown in history.
FINRA Provides Crypto Guidance
FINRA, the Financial Industry Regulatory Authority, provided further guidance for its member firms regarding digital assets in its 2019 priorities letter.
BoJ: Statement on Monetary Policy
Statement on Monetary Policy, At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following.
Bank of Korea Leaves Base Rate Unchanged at 1.75%
The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.75% for the intermeeting period.
EURUSD: Bears in Control, Asian stocks Higher
The ECB kept key interest rates and future guidance unchanged but downgraded its assessment, and the Asian trading session had a positive run.
Latin American Presidents Agree to Work Together to Address Regional Challenges
Latin American Presidents Agree to Work Together to Address Regional Challenges, Latin American presidents made it clear.
Intercontinental Exchange Announces Several Enhancements to the ICE Permian WTI Crude Oil Futures Contract
ICE Announces Several Enhancements to the ICE Permian WTI Crude Oil Futures Contract, Storage futures bring new risk management tools.
ECB Introductory Statement to the Press Conference
Introductory statement by Mr Mario Draghi, President and Mr Luis de Guindos,Vice-President of ECB, Frankfurt am Main, 24 January 2019.
GAO Wants CFPB Involved in Fintech Banking Alternatives
The GAO report also addresses fintech lenders’ use of alternative data to supplement traditional data used in making credit decisions or to detect fraud.
Dovish Draghi, Dismal Data Drag Euro Down
Dovish Draghi, Dismal Data Drag Euro Down ,Trade Tension Lifts Dollar, Aussie Slumps,Global bond yields were universally lower.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.