Economics

In view of the economic fallout from the resurgence of the pandemic, today the ECB Governing Council recalibrated its monetary policy instruments as follows

At the monetary policy meeting on 25 November, the Executive Board of the Riksbank decided to expand and extend the asset purchase programme from SEK 500 billion up to SEK 700 billion up until 31 December 2021

In the Risk Outlook, Finanstilsynet emphasises that banks and insurance companies must factor in the great uncertainty that still attends the future path of the Covid-19 pandemic and its economic impact.

Jerome H. Powell Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic.

On 29 June 2020, the FCA provided written consent to allow Wirecard to resume issuing e-money and providing payment services. The restriction on activities will lift at 00.01 on 30 June 2020.

Singapore, 8 June 2020… The Monetary Authority of Singapore (MAS) announced today the launch of a S$1.75 million MAS Global FinTech Innovation Challenge. The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: COVID-19 and climate change.

The Hong Kong Monetary Authority (HKMA) and the banking industry jointly launched the Banking Talent Programme (the Programme) today (4 June 2020) to nurture young talents for the industry, and provide participants with an opportunity to better prepare for future careers in the banking sector.

The Securities and Exchange Commission today announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of money to harmed investors.