On Wednesday, Thailand’s market regulator said, from April 1, 2022, it has banned the use of digital assets for being used to pay for goods and services. The move is in line with earlier discussions between the Securities and Exchange… Read More ›
financial stability
Benefits of digital pound can be achieved by alternative means with fewer risks: Economic Affairs Committee Chair Michael Forsyth.
On Thursday British lawmakers warned, a digital pound which will be used by consumers is likely to affect the country’s financial stability, erode privacy and raise the cost of credit. The digital pound would need greater appraisal before its widespread… Read More ›
BlackRock, HSBC and Swiss Re among 200 companies creating nature driven risk management disclosure framework
In a significant development, BlackRock, HSBC and Swiss Re are among the companies who are seeking to create a risk management and disclosure framework aimed at channeling capital towards environmentally projects and away from ones which damage nature. Earlier this year in… Read More ›
BoE does not foresee Brexit related market disruptions threatening UK’s financial stability
On Friday, Britain’s central bank, the Bank of England, took steps to keep inter-bank lending rates steady through 2021 as Britain negotiates its trade relationship with the European Union. In a statement, Bank of England Governor Andrew Bailey said, Britain… Read More ›
Mitigating climatic risks a must for financial stability: Haruhiko Kuroda, BOJ Governor
On Thursday, Haruhiko Kuroda, the Governor of the Bank of Japan stated, central banks are facing new issues from climate-related risk which must be mitigated to maintaining financial stability. “Natural disasters, such as the strong typhoon that struck Japan in… Read More ›
Britain’s financial regulations are likely to become tougher post Brexit: KPMG
While some sections of the Eurosceptics are pushing to loosen lending rules, KPMG expects that Britain’s FCA and the Prudential Regulation Authority at the Bank of England will in fact tighten and enhance rules governing finance. In a report released… Read More ›
Republican tax plan proposal will increase cost of U.S. education by more than $65 billion
This proposal’s target are the liberal values promoted by U.S. colleges and universities. By significantly hiking the cost of education, the proposal aims to diminish liberal values among the masses. As per an analysis by the American Council on Education… Read More ›
EU to benefit from the relocation of Britain’s financial industry
EU leaders have prepared a draft guideline for Michel Barnier, EU’s Brexit negotiator Michel Barnier, before the commencing of Brexit negotiations. Leaders across the European Union have warned Britain that if it were to assume that its financial services industry… Read More ›
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