Latest News for: Monetary authority

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Russia Starts Developing Mechanism for International Crypto Payments

Bitcoin 25 Sep 2022
Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions ... The finance ministry and the monetary authority have also agreed on a draft law concerning crypto mining that will legally define the activity.
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HK businesses push for full reopening as quarantine ends

Hong Kong Standard 25 Sep 2022
Hong Kong’s dismantling of hotel quarantine for arrivals is being met by calls for the city to remove remaining restrictions on travelers to help revive its fortunes as an international financial hub ... IOS Android ... The local monetary authority has also been forced to follow the hawkish US Federal Reserve in successive interest rate hikes ... .
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‘RBI needs to be watchful of US Fed’s action’

The Times of India 24 Sep 2022
If an economy is overheating and there’s too much demand pressure, ideally you would want the government to be reducing demand, and also the monetary authority to be raising rates and tighten financial conditions, and those two policies would work together to slow demand,” said Gruenwald.
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Indian economy world’s shining star: S&P chief economist

The Times of India 24 Sep 2022
If an economy is overheating and there’s too much demand pressure, ideally you would want the government to be reducing demand, and also the monetary authority to be raising rates and tighten financial conditions, and those two policies would work together to slow demand,” said Gruenwald.
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Singapore’s DBS Bank Expands Its Crypto Trading Service For 100K Customers

Bitcoinist 24 Sep 2022
As per Friday’s announcement through Bloomberg, Singapore state-owned DBS Bank has expanded its crypto trading service to more its 100,000 investors linked with its DBS Treasures section ... Related Reading ... Source ... In August, the DBS Bank also won the “in principle” license from the Monetary Authority of Singapore (MAS).
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‘We Need New Form of Money’ Sopnendu Mohanty, Monetary Authority of Singapore at Global Fintech ...

Malaysian National News Agency 23 Sep 2022
‘We Need New Form of Money’ Sopnendu Mohanty, Monetary Authority of Singapore at Global Fintech Fest 2022 ... Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, “In the new architecture of Web 3.0, asset transfers are not only done traditionally, ...
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The Monetary Authority takes disciplinary action against Cathay United Bank Company, Limited, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Hong Kong Monetary Authority)

Public Technologies 23 Sep 2022
) The Monetary Authority takes disciplinary action against Cathay United Bank Company, Limited, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance ... The Monetary Authority (MA) has imposed a pecuniary penalty of HK$11,000,000 against CUBHK for contraventions of the AMLO.
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Consumer Price Developments in August 2022 (MAS - Monetary Authority of Singapore)

Public Technologies 23 Sep 2022
Disclaimer. MAS - Monetary Authority of Singapore published this content on 23 September 2022 and is solely responsible for the information contained therein.
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Notice - Office Closure Due to Impending Tropical Storm (Cayman Islands Monetary Authority)

Public Technologies 23 Sep 2022
Cayman Islands Monetary Authority published this content on 23 September 2022 and is solely responsible for the information contained therein.
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Notice - Office Closure Due to Expected Hurricane Conditions (Cayman Islands Monetary Authority)

Public Technologies 23 Sep 2022
Cayman Islands Monetary Authority published this content on 23 September 2022 and is solely responsible for the information contained therein.
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Property Mortgage Lending (Hong Kong Monetary Authority)

Public Technologies 23 Sep 2022
The Hong Kong Monetary Authority (HKMA) today (23 September) issued a to banks, lowering the interest rate stress testing requirement for property mortgage lending from the existing 300 basis points to 200 basis points ... The Hong Kong Monetary Authority ... Hong Kong Monetary Authority ...
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Tightening in focus as Singapore Aug inflation stays elevated

Reuters 23 Sep 2022
- Core Aug inflation +5.1%, versus economists' +5% forecast- Headline inflation +7.5%, beats forecast- Next monetary policy statement due in October ... The rise in inflation was mainly due to larger increases in the prices of services and food, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry said in a statement.
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BOJ’s steps to boost weak yen yield little result

Business Day 23 Sep 2022
Singapore — As the Bank of Japan (BOJ) steps into currency markets for the first time in decades to defend a battered yen, it is running into numerous obstacles, chiefly its own stubborn commitment to ultra-easy monetary settings.
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Market split on Colombia central bank's next rate decision

Reuters 23 Sep 2022
Movements in Colombia's interest rate are aligned with monetary policy in the United States and Europe, amid dynamic local consumption and depreciation of ... The monetary policy authority has raised its benchmark interest rate by 725 basis points to 9% since September last year.
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Risk of global recession in 2023 rises

Jamaica Observer 23 Sep 2022
Investors expect central banks to raise global monetary policy rates to almost 4 per cent through 2023 — an increase of more than 2 percentage points over their 2021 average ... Fiscal authorities will need to carefully calibrate the withdrawal of fiscal support measures while ensuring consistency with monetary policy objectives.

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