Bank of England warns against crypto adoption and the possible effects on credit creation LeapRate

March 03, 2020 BY Steffy Bogdanova

Bank of England warns against crypto adoption and the possible effects on credit creation

Jon Cunliffe, the deputy governor for the financial stability of the Bank of England (BoE), warned that the rise of crypto economy may ultimately weaken or even eliminate bank credit issuance. In a speech at the London School of Economics on 28 February, Cunliffe predicted that implementation of stablecoins on social media platforms may lead…

April 30, 2015 BY Maria Nikolova

Bank of Russia cuts key interest rates to 12.5%

In a widely expected move, the Bank of Russia brought key interest rates to 12.5%, with the decision to come into force on May 5th.

April 29, 2015 BY Maria Nikolova

Forex experts to need special certificates in Russia

Bank of Russia will demand that managers, dealers and accountants at Forex companies have First-Category Certificates, in order to prove they have sufficient knowledge of the securities market.

April 23, 2015 BY Maria Nikolova

Bank of Russia addresses warning about high-yield investment programs to... kids

Russia's watchdog takes matters like financial literacy seriously and is seeking to inform the youngest population about risks associated with alternative forms of investment.

March 06, 2015 BY Andrew Saks-McLeod

Britain's FX & clearing industry saved from mandatory relocation to eurozone as ECB loses court case

Europe's central bank has lost a court case which would have mandated relocation of firms managing financial trades in euros from London to the Eurozone. With London a strong world financial center, this ruling marks a milestone victory which ensures the continued presence of the electronic trading sector in its de facto home

February 23, 2015 BY Andrew Saks-McLeod

Denmark rejects capital control laws as central bank deems it a conflict of obligations to EU single market

Denmark's central bank has today refuted claims that it was to consider implementing capital control laws, however currency market interventions are likely to continue. Nordea Bank advised its clients to take head of Denmark’s Economic Council Hans Joergen Whitta-Jacobsen's comments with "a grain of salt"

July 30, 2014 BY Mike Fox

Global foreign exchange committee data confirms low Forex turnover...

Traders overall have been lamenting the low volatility, low volume environment seen in 2014, but FX traders in New York have been especially downbeat, with good cause. Semi-annual central bank FX volume data, released earlier this week from the the Foreign Exchange Committees in North America, UK, Canada, Australia, Singapore and Japan, confirmed that daily…

May 30, 2014 BY Andrew Saks-McLeod

Russia's Central Bank responding to concerns on fraudulent FX schemes with new rulings

Self-regulatory authority TSRFIN has appealed to the Central Bank of Russia for amendments to rulings on margin FX due to increase of fraudulent activity.

February 12, 2014 BY Gerald Segal

Bank of England says there is no evidence it knew about forex manipulation

Allegations by some media that the BoE knew about FX fix manipulation practices are groundless This has to be one of the weirdest twists in FX trading history – first of all we are getting a report by Bloomberg that officials at a major central bank, namely the Bank of England have been talking to…

Tag: central bank