The Basel Committee on Banking Supervision (BCBS) has published a consultation document outlining new guidelines for counterparty credit risk (CCR) management. These proposed guidelines aim […]
Category: Government
G7 Strengthens Financial Sector Resilience with Cross-Border Cyber Exercise
The G7 Cyber Expert Group (CEG) successfully completed a cross-border coordination exercise on April 17th, 2024, simulating a large-scale cyberattack on financial institutions across all […]
Central Banks Join Forces to Explore Blockchain-Based Payments System: Project Agorá
The Bank for International Settlements (BIS), along with central banks from seven major economies, announced a groundbreaking initiative called Project Agorá. This project aims to […]
ECB and EBA Spearhead Efforts for Efficient Banking Industry Data Reporting
In a landmark move towards enhancing efficiency and reducing costs in the banking industry, the European Central Bank (ECB) and the European Banking Authority (EBA) […]
FM urges RBI to hold monthly meetings to address fintech sector’s concerns
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired a strategic meeting with leaders from the startup and fintech communities in New Delhi. The […]
EU Adopts Instant Payments Regulation to Expedite Fund Transfers
The European Union (EU) has enacted new regulations to ensure swift fund transfers to the bank accounts of retail clients and businesses across its member […]
UPI and RuPay Expand Reach: India Strengthens Digital Ties with Sri Lanka and Mauritius
In a historic move for South Asian connectivity, the Unified Payment Interface (UPI), India’s popular digital payment system, was launched in both Sri Lanka and […]
RBI Expands Use Cases for CBDC, Introduces Offline Functionality
In a significant move aimed at enhancing financial inclusion, the Reserve Bank of India (RBI) Governor, Shaktikanta Das, announced the expansion of the Central Bank […]
OSFI Introduces New Supervisory Framework to Modernize Financial Supervision
The Office of the Superintendent of Financial Institutions (OSFI) unveiled its new framework for supervision today, signaling a significant overhaul in its approach to overseeing […]
December 2023 SESFOD Survey: Credit and Market Trends
The European Central Bank (ECB) released the findings of the December 2023 Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives […]