The Bank for International Settlements (BIS) states that most countries preparing for CBDC are not yet adequately prepared and face significant risks.
November 30, 2023
Markets and investors are currently focused on the minutes of the October meeting to be released by the Fed later in the day. Meanwhile, there is a decline in the banking index in Europe.
November 21, 2023
The Managing Director of the IMF emphasized the critical importance of central bank digital currencies (CBDCs) for the public sector, stating that they could serve as a low-cost alternative to facilitate cross-border payments and might replace physical cash in the future.
November 15, 2023
The International Swaps and Derivatives Association (ISDA) issued warnings regarding Europe's plans concerning the swaps of US Treasury bonds.
November 7, 2023
A New York court found Sam Bankman-Fried (SBF) guilty of seven separate charges related to abuse and fraud. The trial concluded with SBF being held accountable for crimes such as fraud, securities and commodities fraud, money laundering, and conspiring to commit these offenses.
November 3, 2023
According to data released by the U.S. Department of Labor, there was an unexpected increase in unemployment benefit claims nationwide.
November 2, 2023
The United States Federal Reserve (Fed) kept interest rates unchanged at today's meeting. Fed Chair Powell made significant statements about the current state of the economy and future policy steps during his speech at 21:30.
The China National Financial Regulatory Authority has announced its decision to strengthen the capital regulations for banks as part of the effort to combat financial risks.
In the US, mortgage applications continued their declining trend for the third consecutive week ending on October 27th. The noteworthy aspect during this period was an unexpected decrease in the 30-year mortgage interest rates.