Yakiv Smolii: Resignation speech

As the National Bank of Ukraine  has long been under systematic political pressure, I have made a difficult but necessary decision to resign. For months, the central bank has been pressurized to make decisions that…

IMF, crisis, External Advisory Group, economy, Climate, buffers, growth, Monetary

IMF: Opening Remarks at Advances in Monetary Economics…

Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF July 13, 2020 Hello everyone, good morning to you all. [caption id="attachment_368970" align="alignleft" width="300"] Tobias Adrian, Financial Counsellor and Director of…

ECB

PRESS CONFERENCE by ECB in Frankfurt

Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today’s meeting of the Governing Council, which was also attended…

ECB

Monetary policy decisions by European Central Bank

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the…

UAB ConnectPay, COVID-19, institutions

Bank of Lithuania: The number of electronic money…

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 to the audited (where audit…

Bank-of-Russia, market-making, restrictions, information, securities, economic activity, FPS, reputation, recommendations

Bank of Russia publishes methodological recommendations on assessing…

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 Committee on Banking Supervision. These recommendations…

Bank-of-Russia, market-making, restrictions, information, securities, economic activity, FPS, reputation, recommendations

CBR Commission receives 646 applications for business reputation…

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 on 28 January 2018. It has sustained 291 complaints since…

IMF

IMF Managing Director Kristalina Georgieva Appoints Alfred Kammer…

[caption id="attachment_370877" align="alignright" width="200"] Kristalina Georgieva, Managing Director, IMF[/caption] Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Mr. Alfred Kammer as Director of the European Department.…