Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
The Bank of Korea will intervene to control currency volatility if needed, the BOK chief said, describing the recent market fluctuations as a little "excessive."
Several ECB officials have made remarks about their expectations for interest rates in recent days.
Companies are appointing executives to oversee AI. A better approach: infuse the technology throughout the organization.
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...
On Tuesday (April 23), Windsor Mayor Drew Dilkens announced new initiatives to revitalize downtown. To pay for it, he’s re-opening the city’s recently approved 2024 operating budget and adding $3.2 million in new spending. The move, which would see municipal property taxes rise another 0.7 per cent — to 4.61 per cent — is allowed […]
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy.
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
IMF Mission Chief for Ghana Stéphane Roudet, has indicated that Ghana’s economy has seen its worst level and it’s now set for full recovery. However, he maintained this projection is based on the “government continuing to implement the IMF programme the way it has been done over the past year, then we can say that […]
The International Monetary Fund has slightly upgraded its global economic growth forecast but warned about progress on inflation on the back of conflicts in the Middle East and Europe. Global growth 2024 is expected to rise by 3.2 per cent in the April world economic outlook, 0.1 percentage points higher than in the previous update […]
It came hours after the IMF unveiled new forecasts predicting that the UK