Latest News for: Monetary authority


HK banking sector exposure to Credit Suisse 'insignificant': monetary authority

Hong Kong Standard 20 Mar 2023
Hong Kong's banking sector has "insignificant" exposure to troubled Swiss banking giant Credit Suisse, the city's monetary authority said on Monday ... The Monetary Authority and Securities and Futures Commission said they would stay in close touch with Swiss authorities and monitor the financial markets very closely.

UBS AG’s Acquisition of Credit Suisse AG (Hong Kong Monetary Authority)

Public Technologies 20 Mar 2023
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) welcomed the announcements made by the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) early this morning (20 March) relating to the acquisition of Credit Suisse AG by UBS AG ... Hong Kong Monetary Authority.

Oyerinde: Incoming Govt Must Address Challenge of Low Revenue Generation

This Day 20 Mar 2023
How will the fiscal and monetary authorities work together to turnaround this economy and enable it to move forward? ... The challenge we have had in the recent past is when the fiscal and monetary policy authorities are working at cross purposes ... So we believe strongly on the need for alignment between the fiscal and monetary authorities.

Singapore, Hong Kong downplay Credit Suisse turmoil as stocks dip

Al Jazeera 20 Mar 2023
The Monetary Authority of Singapore (MAS) said on Monday that Credit Suisse would operate as normal in the city-state, with customers having full access to other accounts, following the lender’s purchase by UBS Group over the weekend ... Hong Kong’s Monetary Authority (HKMA) and the ...

Credit Suisse Continues to Operate in Singapore and Hong Kong -- Update

Market Watch 20 Mar 2023
Credit Suisse's operations in Singapore will continue with no interruptions or restrictions, the Monetary Authority of Singapore said in a statement ... In Hong Kong, Credit Suisse's operations, which consist of a branch supervised by the Hong Kong Monetary Authority and two licensed ...

Investors expect slowdown in pace of rate rises

The Times/The Sunday Times 20 Mar 2023
Attention will turn to the US Federal Reserve on Wednesday, when the world’s most powerful monetary authority will make its first rate decision since having to bail out depositors in Silicon Valley Bank and Signature Bank last week.

Facing another crisis

The Cleveland American 20 Mar 2023
In principle, I agree with the assessment presented by the country’s monetary authorities to allay fears about the potential impact of the bankruptcy of two US banks, reminiscent of the 2008 financial crisis, when a bank that was too big to fail ... The Monetary Board ...

Explanatory Brief for Financial Services and Markets (Amendment) Bill 2023 (MAS - Monetary Authority of Singapore)

Public Technologies 20 Mar 2023
MAS - Monetary Authority of Singapore published this content on 20 March 2023 and is solely responsible for the information contained therein.

Asian Banking Regulators Allay Fears on Credit Suisse Ripple Effect

Coinspeaker 20 Mar 2023
The Hong Kong Monetary Authority (HKMA) for instance said the region’s banking ecosystem remains very robust despite the Credit Suisse saga despite the firm having a branch operating in the city.

Asia policymakers move to calm nerves after Credit Suisse takeover

FX Empire 20 Mar 2023
The Monetary Authority of Singapore (MAS) said it expected the takeover to have no impact on the stability of the Singapore banking system ... Hong Kong’s Securities and Futures Commission and the Hong Kong Monetary Authority, the de-facto central bank, said Credit Suisse’s ...

NZX Top 50 Index falls 1.4 percent

RNZ 20 Mar 2023
Monetary authorities in Singapore and Hong Kong, where Credit Suisse hosts large regional offices, separately said the Swiss bank's business continued without interruption.

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Chinese President Xi Jinping, left, and Russian President Vladimir Putin pose for a photo on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Samarkand, Uzbekistan, Thursday, Sept. 15, 2022
AP / Alexandr Demyanchuk, Sputnik, Kremlin Pool Photo