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Keywords: Financial stability
Libya has taken a significant step toward economic and political unity after its rival legislative bodies approved the country’s first unified state budget in more than a decade. According to official statements, both the House of Representatives and the High Council of State endorsed the new......
Switzerland is expected to finalize stricter capital requirements for UBS this month, a move that could significantly influence the future of the country’s largest bank and potentially affect its decision to remain headquartered in Switzerland. Following the 2023 collapse of Credit Suisse and......
The Bank of England governor, Andrew Bailey, has cautioned that recent failures in the private credit sector should not be dismissed as isolated events. Speaking in London, Bailey highlighted concerns that the opacity of non-bank lending could amplify financial shocks, drawing parallels with the 2008......
The Bank of England (BoE) warned on Wednesday that the ongoing conflict in Iran has created “a significant negative supply shock” to the global economy, intensifying threats to financial stability. According to the BoE, slower growth, rising inflation, and increased borrowing costs may lead......
South Korea has announced the appointment of renowned economist Shin Hyun-Song as the next governor of its central bank, a move aimed at strengthening the country’s economic resilience amid rising debt and global uncertainty. Shin, currently a senior figure at the Bank for International Settlements,......
The Bank of England has introduced new proposals aimed at improving how banks manage liquidity during periods of financial stress. The plan focuses on enabling financial institutions to quickly convert their liquid assets into cash during fast-moving crisis situations. Rather than requiring banks to......
Turkish President Recep Tayyip Erdoğan has appointed two new deputy governors to the Central Bank of the Republic of Turkey, according to an announcement published in the Official Gazette on Tuesday. The appointments include Fatma Özkul, who previously served as a member of the bank's monetary......
Türkiye’s banking sector recorded net profits of 842.84 billion Turkish liras ($19.92 billion) in November, marking a 17.3% increase compared to the same month last year, according to the Banking Regulation and Supervision Agency (BDDK). The sector’s total assets reached 44.97......
Europe’s central bank is navigating two parallel challenges as it seeks to balance financial innovation and stability: tightening oversight of private digital currencies and advancing the development of a digital euro. European Central Bank President Christine Lagarde highlighted both issues during......