Central Bank News Archives - Page 5 of 115 - The Industry Spread

Bank of Lithuania: The number of electronic money and payment institutions as well as the sector’s income continue on an upward trend

July 16, 2020

At the end of 2019, a total of 115 electronic money institutions (EMIs) and payment institutions (PIs) operated in Lithuania, comprising a one-fifth increase compared to the previous year. According …

Bank of Russia publishes methodological recommendations on assessing interest rate risk in banking book

July 16, 2020

The Bank of Russia has prepared the methodological recommendations to integrate modern universal approaches to quantifying interest rate risk in the banking book into the banking practice. These approaches are stipulated by the Interest rate risk in the banking book (IRRBB) standard (April 2016) of the Basel …

CBR Commission receives 646 applications for business reputation recovery

July 16, 2020

Over the period of its operation, as of 1 July 2020, the Bank of Russia Commission received 646 applications from members of governing bodies, officials and owners of financial institutions who do not agree with the decision that their qualifications or business reputation do not meet current requirements. The Commission started its work …