Search For "global financial system"
Recent surge in gold demand highlights transformation in global financial
Updated : 6 months, 4 weeks ago IST
The resurgence of gold as a principal reserve asset highlights a major transformation in the global financial system, according to a report by CareEdge Ratings.
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Cross-border platforms and development finance to power BRICS+ growth: EY
Updated : 9 months, 4 weeks ago IST
As BRICS+ economies deepen collaboration to reshape the global financial system, three key institutional initiatives: the cross-border payments platform, the New Development Bank (NDB), and the BRICS Contingent Reserve Arrangement (CRA) are gaining strategic momentum, according to the EY Ec
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RBI Governor flags concerns over use of technology for money laundering an
Updated : 1 year, 2 months ago IST
Reserve Bank of India (RBI) Governor Sanjay Malhotra raised concerns on Wednesday over threats from money laundering and terror financing to the national and global financial systems, which are continuously evolving and becoming more sophisticated.
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Mansour bin Zayed chairs the Financial Stability Council meeting reviewing
Updated : 1 year, 6 months ago IST
Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Financial Stability Council, has chaired the Council's second meeting of 2024 in Abu Dhabi.
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India's economic stride strengthening rupee's internationalisation in new
Updated : 1 year, 9 months ago IST
With growing global fragmentation, and geopolitical and geostrategic shifts, de-dollarisation plans are gathering currency. On the other hand, BRICS countries are working on reducing dollar dominance in the global financial system by replacing it with a new global currency.
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India, US reaffirm commitment to combat illicit finance risks in global fi
Updated : 2 years, 5 months ago IST
India and the US recently co-chaired the 'US-India Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT)Dialogue'.
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China faces 'Lehman Moment' fears as big investment firm misses payments
Updated : 2 years, 9 months ago IST
The term 'Lehman moment' refers to the catastrophic event in September 2008 in which Lehman Brothers, then the eighth-largest investment bank in the United States filed for bankruptcy, triggering a domino effect that sent shockwaves throughout the global financial system, resulting in the wo
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US, EU, Japan central banks join hands to keep dollars flowing: CNN Busine
Updated : 3 years, 2 months ago IST
"The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements," the central b
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Financial Action Task Force suspends Russia's membership
Updated : 3 years, 3 months ago IST
"FATF has decided to suspend its membership in the Russian Federation. The Russian Federation remains accountable for its obligation to implement the FATF Standards. The Russian Federation must continue to meet its financial obligations. The Russian Federation will remain a member of the Glo
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Aarav Solutions enables Equifax Canada to launch new automated and cloud-b
Updated : 3 years, 9 months ago IST
New Delhi [India], August 8 (ANI/GPRC): Aarav Solutions announced today its role as System Integrator (SI) partner on Equifax Canada's Global Financial System (GFS) billing platform.
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Financial Stability Board to propose crypto regulations
Updated : 3 years, 10 months ago IST
Basel [Switzerland], July 12 (ANI): The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, will report to the G20 finance ministers and central bank governors in October on regulatory and supervisory aspects of stableco
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Xi Jinping is aware he needs Fintechs to support China's economy
Updated : 3 years, 11 months ago IST
Beijing [China], June 25 (ANI): Chinese Premier slammed the weaponization of the global financial system and vowed to meet domestic growth goals, and called for the healthy development of China's fintech sector.
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