Search Results for: central banks
Bitcoin faces biggest threat yet
June 17th, 2014
The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it. In recent weeks, a British-based “mining ...
Hungary Verdict to Pave Way for $15 Billion FX Loan Plan
June 16th, 2014
Hungary’s supreme court will complete its precedent rulings today on foreign-currency mortgages, paving the way for the government to phase out loans worth about $15 billion. The court, known as Kuria, will brief reporters at 12:30 p.m. in Budapest ...
Tough bank test
June 16th, 2014
A European Central Bank policymaker is voicing concern that Europe may be too tough on banks as they undergo “stress tests” to measure their financial resilience. European officials are trying to make this year’s new round of tests tougher ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
FCA finalises rules to improve the protection of client money and custody assets
June 10th, 2014
The Financial Conduct Authority (FCA) has announced in a press release that it has finalised changes to the client money and custody assets (client assets) rules. These changes affect approximately 1,500 FCA regulated firms that carry out investment business, ...
Price rises threaten to stifle China easing
June 10th, 2014
Chinese consumer inflation picked up in May following a dip in April that had raised concerns about the danger of deflation in the world’s second-largest economy. The headline consumer price index rose 2.5 per cent from a year earlier, ...
Moscow Exchange is to join the FIX Trading Community as a new Global Premier member
June 10th, 2014
Moscow Exchange (MOEX) has issued in its press release dated June 9th that is delighted to join the FIX Trading Community as a new Global Premier member. MOEX manages the sole exchange platform in Russia for equities, bonds, derivatives, ...
China Regulator Pledges to Expand Credit as Economy Slows
June 6th, 2014
China’s banking regulator vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing. Lending to small businesses, major infrastructure projects and ...
Asian Stocks Rise With Ringgit; U.S., Europe Futures Gain
June 6th, 2014
Asian stocks rose for the fourth straight week and emerging-market currencies strengthened after the European Central Bank cut interest rates to fight deflation. The dollar headed for its best week since April versus the yen and U.S. and European ...
China against Windows 8 Amid U.S. Spat
June 5th, 2014
China’s government took another step against Microsoft Corp. (MSFT) by telling officials in one province not to use Windows 8 software, marking an escalation in the dispute with the U.S. over spying and hacking allegations. Jiangsu province, south of ...
