FinancialSystem

Poland's Central Bank Claims Illegal Actions in Probe to Oust Chief

3 months ago

The Polish central bank has reported that illegal actions have occurred during an investigation aimed at ousting its president, Adam Glapa. These claims come amid a continuing crisis that has engulfed the country's financial system.

Bank of England's Capital Rules Remain Essentially Unchanged After Latest Tweaks

3 months ago

The Bank of England has recently announced that its key capital rules remain in their current form following minor adjustments. Authorities stated that this decision is driven by the necessity to ensure the stability of the country's financial system, especially amidst a volatile global economy. Despite adjustments in certain regulatory aspects, the overall direction of policy remains unchanged.

RBC CEO Warns of the Need for Tax Reform in Canada

3 months ago

In a recent statement, Royal Bank of Canada (RBC) CEO Dave McKay expressed serious concerns about the country's current economic course, stating that Canada is heading in the wrong direction. He emphasized that implementing tax reform is crucial for stimulating economic growth and improving the country's financial situation.

Key UN Talks in Tripoli to Resolve Libya's Central Bank Crisis

3 months ago

Significant negotiations organized by the United Nations are taking place in Tripoli, aimed at resolving the ongoing crisis of Libya's Central Bank. These discussions have brought together a considerable number of representatives from various Libyan authorities and international organizations, emphasizing the seriousness of the current situation.

Indian Lenders Lag Global Peers on Cybersecurity Spending

3 months ago

A recent study by the Boston Consulting Group revealed that Indian banks and financial institutions significantly fall behind their international counterparts in cybersecurity investments. The analysis indicated that amid the ever-growing threats posed by cybercriminals, Indian lenders are struggling to adapt and increase their budgets for information protection. While global banks place considerable emphasis on cybersecurity, Indian institutions often have insufficient high expenditures on cybersecurity systems, making them vulnerable.