Articles for Financial System

Diving into the Murky World of Scandals
3 weeks, 2 days ago

Diving into the Murky World of Scandals

New Indian Express  

No matter how much a financial system is fortified against scams, there is always a fraudster, a conman, or a swindler aiming to game that system. Vijay Narayan Govind, in his book Fraudster Tales, promises to tell select 10 true stories of financial scams, spread across centuries and continents, and in his own words, “these frauds were significant enough at …

India Financial System Lic
Agreeing to a new global climate finance goal not enough; global financial system needs reform, says UNFCCC chief
1 month, 1 week ago

Agreeing to a new global climate finance goal not enough; global financial system needs reform, says UNFCCC chief

Live Mint  

New Delhi: Agreeing on a new global climate finance goal at the COP29 climate conference will not be enough to rein in toxic emissions, and countries must work harder to reform the global financial system, a top United Nations official said. “We must agree on a new global climate finance goal. If at least two-thirds of the world’s nations cannot …

Finance Global Climate Change World Climate Climate Finance Greenhouse Gas Emissions
Better financial regulatory system urged
4 months, 1 week ago

Better financial regulatory system urged

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Their comments came after Wang Jiang, executive deputy director of the office of the Central Financial Commission, said that deepening financial reform requires strengthening risk prevention, intensifying supervision and promoting high-quality development. Liu Qiao, dean of Peking University's Guanghua School of Management, said: "The primary objective of …

Finance Economy China Market Industry Financial System Reform
Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

China Development Tax Financial System Reforms National Party
Fiscal, tax system reforms key to development
5 months, 1 week ago

Fiscal, tax system reforms key to development

China Daily  

The Central Economic Work Conference held in December proposed to arrange a new round of fiscal and tax system reform measures. The upcoming fiscal and tax system reform needs to better define the roles of the central government and local governments, improve the delineation of governance and fiscal responsibilities between them, and carry out corresponding reforms in the establishment of …

China Governance Financial Tax Local Transfer Tax System
Indian economy, financial system remain robust despite global economy facing heightened risks: FSR
5 months, 3 weeks ago

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR

The Hindu  

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability, the Reserve Bank of India said in the 29th issue of the Financial Stability Report which was released on June 27. SCBs’ gross non-performing assets ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets ratio to 0.6 …

Financial System Indian Economy Indian Economy Financial Fsr Economy Financial
Premier League clubs to prioritise new financial system
9 months, 1 week ago

Premier League clubs to prioritise new financial system

The Hindu  

The Premier League clubs agreed to prioritise their efforts around a new financial system, the league said on Monday, after no agreement was reached during shareholders’ meeting. “At a Premier League Shareholders’ meeting today clubs agreed to prioritise the swift development and implementation of a new League-wide financial system,” the league said in a statement. Premier League clubs today agreed …

Financial Premier League Premier Clubs League Efl Premier League Clubs
Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI
11 months, 3 weeks ago

Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI

India TV News  

The Reserve Bank of India Governor Shaktikanta Das on Thursday said that India is one of the fastest-growing major economies in the world with a rising potential growth profile. He further said that the Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals. He further said that Banks' gross non-performing assets ratio has declined to multi-year low of …

India Financial System Indian Cent Rbi Shaktikanta Das System Remain
US highlights AI as risk to financial system for first time
1 year ago

US highlights AI as risk to financial system for first time

Al Jazeera  

Financial Stability Oversight Council says emerging technology poses ‘safety-and-soundness risks’ as well as benefits. In its latest annual report, the Financial Stability Oversight Council said the growing use of AI in financial services is a “vulnerability” that should be monitored. The FSOC, which was established in the wake of the 2008 financial crisis to identify excessive risks in the financial …

Financial Financial System Risk Ai Risks Fsoc
G20 Summit in India opportunity to act on reforming global financial system amid crushing debt crisis: U.N. chief Guterres
1 year, 5 months ago

G20 Summit in India opportunity to act on reforming global financial system amid crushing debt crisis: U.N. chief Guterres

The Hindu  

U.N. Secretary-General Antonio Guterres has said that the G20 Summit to be hosted under India's Presidency provides an opportunity to take action on debt relief and reform the global financial system, as he voiced concern over the "crushing debt crisis" in the world. Mr. Guterres said that because most of these unsustainable debts are concentrated in poor countries, they are …

Global India World Financial System Developing Countries Debt Crisis G20
Opinion: It’s not just First Republic that failed. It’s the whole banking system
1 year, 7 months ago

Opinion: It’s not just First Republic that failed. It’s the whole banking system

LA Times  

First Republic Bank became the second-biggest bank failure in U.S. history after the lender was seized by the Federal Deposit Insurance Corp. and sold to JPMorgan Chase on Monday. The collapse of Silicon Valley Bank and now First Republic underscores how the effect of risky decisions at one bank can quickly spread into the broader financial system. At Silicon Valley …

Financial System Executives Risk Fed Banks Valley Lehman
Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das
1 year, 7 months ago

Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das

News 18  

RBI Governor Shaktikanta Das on Thursday said there is a renewed focus on the resilience and stability of the financial sector, and a resilient future-ready bank needs to be financially, operationally and organisationally resilient. He also said the Indian banking system remains resilient, and stress tests show Indian banks will be able to maintain capital adequacy above minimum requirement even …

Financial System Indian Bank Rbi Banks Das Resilient
Come inside the RBA's media lock-ups to see how we report on interest rates and financial risks
1 year, 8 months ago

Come inside the RBA's media lock-ups to see how we report on interest rates and financial risks

ABC  

In an era where many people struggle to put down their phone for 90 seconds, imagine handing it over for 90 minutes. That's what happens on a regular basis at the headquarters of the Reserve Bank of Australia a fine example of 1960s' Bauhaus — many would say brutalist — architecture that watches over Sydney's historic Martin Place financial district. …

Financial Financial System Bank Report Read Abc Rba
EU leaders play down bank risks as economy weakens
1 year, 8 months ago

EU leaders play down bank risks as economy weakens

Firstpost  

Brussels: European Union leaders on Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine. Dutch Prime Minister Mark Rutte said: “Generally, I think we are in good shape.” The EU deliberations came in the wake of U.S. regulators’ …

Russia Financial European Banks
Treasury Secretary Yellen Tells Congress U.S. Banking System 'Remains Sound'
1 year, 9 months ago

Treasury Secretary Yellen Tells Congress U.S. Banking System 'Remains Sound'

Huff Post  

LOADING ERROR LOADING WASHINGTON — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits. Yellen was the first Biden administration official to face lawmakers over the decision to protect uninsured money at two …

Europe Banking Financial System Bank Interest Rates Capitol Hill Washington
What’s behind Iran and Russia’s efforts to link banking systems?
1 year, 10 months ago

What’s behind Iran and Russia’s efforts to link banking systems?

Al Jazeera  

Tehran and Moscow have shown serious political will to expand economic ties, but challenges remain. Tehran, Iran – “The financial channel between Iran and the world is being restored,” the new governor of Iran’s central bank, Mohammadreza Farzin, said last week when he announced that Iran and Russia have taken a significant step towards linking their banking infrastructures amid Western …

Trade Ukraine Russia Financial Banking Iran West
Digital currency to further bolster digital economy, make payment system more efficient: RBI
1 year, 10 months ago

Digital currency to further bolster digital economy, make payment system more efficient: RBI

India TV News  

RBI Executive Director Ajay Kumar Choudhary on Wednesday the digital currency will further bolster the digital economy, make the payment system more efficient and reduce the cost involved in physical cash management. Central Bank Digital Currency The RBI has already launched pilots of CBDC in wholesale and retail segments last year. He said the key motivation for exploring the issuance …

India Digital Digital Currency Currency Digital Economy Payment Rbi
Huge financial burden on Telangana in the offing in new Public Distribution System policy
1 year, 11 months ago

Huge financial burden on Telangana in the offing in new Public Distribution System policy

The Hindu  

The Telangana government will face a huge financial burden on one more count, this time with the recent decision of Centre to give New Year’s gift to the country’s poor by supplying free rice under the National Food Security Act. Currently, the Centre is implementing Prime Minister’s Garib Kalyan Anna Yojana by allocating rice to States for supply to its …

States Rice Telangana State Pds Centre
Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor
2 years ago

Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor

The Hindu  

Pressing for the prohibition of instruments like Bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments are allowed to grow. "It's a 100% speculative activity, and I would still hold the view that it should be prohibited if you try to regulate it and allow …

Financial System Cryptocurrencies Das Private Rbi Governor Private Cryptocurrencies Speculative Instruments
What is SWIFT Banking System and How it Can be Used to Punish Russia for Invading Ukraine. An Explainer
2 years, 9 months ago

What is SWIFT Banking System and How it Can be Used to Punish Russia for Invading Ukraine. An Explainer

News 18  

US and European officials are holding one key financial sanction against Russia in reserve, choosing not to boot Russia off SWIFT, the dominant system for global financial transactions. HESTIATION OVER BAN Ukraine has sought for Russia to be excluded from SWIFT, but several European leaders would prefer to stay patient because a ban could make international trade more difficult and …

Ukraine Russia Payments Financial System Sanctions Sanction Treasury
Gains from new financial standards plan foreseen
2 years, 10 months ago

Gains from new financial standards plan foreseen

China Daily  

A new plan to advance standardization in the financial sector during the 14th Five-Year Plan period will facilitate the high-quality development of China's financial services industry. A new plan to advance standardization in the financial sector during the 14th Five-Year Plan period will facilitate the high-quality development of China's financial services industry and help improve the development efficiency of the …

China Financial Digital Plan Digital Yuan
每日一词∣金融标准化 financial standardization
2 years, 10 months ago

每日一词∣金融标准化 financial standardization

China Daily  

近日，中国人民银行会同市场监管总局、银保监会、证监会联合印发《金融标准化“十四五”发展规划》。《规划》提出，到2025年，与现代金融体系相适应的标准体系基本建成。 China's financial regulators have issued a plan to advance standardization of the financial sector over the 14th Five-Year Plan period, with the goal of basically establishing a financial standard system that fits modern finance in 2025. The document was jointly published by the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory …

Financial
Central Bank Digital Currencies: These Are The 13 Guiding Principles Set Out By G7 Finance Leaders
3 years, 2 months ago

Central Bank Digital Currencies: These Are The 13 Guiding Principles Set Out By G7 Finance Leaders

ABP News  

New Delhi: Group of Seven finance ministers and central bankers have endorsed 13 public policy principles for retail central bank digital currencies, and have said the digital payment ecosystem should be grounded in transparency, the rule of law and sound economic governance. They added: "Strong international coordination and cooperation on these issues helps to ensure that public and private sector …

International Policy Financial Financial System Bank Digital Economic Governance
Curbing financial risks key to sustainability
3 years, 9 months ago

Curbing financial risks key to sustainability

China Daily  

China is trying to strike a balance between encouraging fintech development and preventing financial risks via prudent regulation. Still, China needs to develop a cross-market and cross-sector financial cooperation system to prevent systemic risks in the financial sector that could trigger an inflation crisis forcing the country into the middle-income trap. So China should streamline the direct financing system and …

Policy China Development Market Regulation Financial System Regulatory