Financial Stability

The crypto sector was briefly mentioned in RBI’s recently released Financial Stability Report. Talking in particular about DeFi, the report said that global regulatory bodies like the Financial Action Task Force and the International Organisation of Securities Commissions (IOSCO) are constantly examining developments around DeFi.

The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.

Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).

Amanda Pritchard, Chief Executive of the UK's National Health Service (NHS), has sounded an alert about the rising cases of crypto trading addiction. Pritchard is concerned if the rising cases of crypto-related gambling are not controlled in time, they could pose a risk to members of UK’s crypto community and the financial stability of the count...

The Financial Stability Board (FSB) is laying importance to crypto policy work and AI as the G20 summit steps into its nineteenth year. Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the group for the next one year.

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday.

Global financial regulators and the International Monetary Fund (IMF) on Thursday set out a roadmap to coordinate measures that stop crypto assets from undermining macroeconomic and financial stability.

Wall Street's top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks.

Wall Street's top regulator is developing rules to govern the use of artificial intelligence on trading platforms, which poses a risk of conflicts of interest, the agency chief said in a speech on Monday. The US Securities and Exchange Commission will also need "new thinking" to confront challenges to financial stability presented by the use of tec...

The Financial Stability Board (FSB) has said that it is finalising its own set of rules to oversee the crypto sector on an international level. After receiving feedbacks from stakeholders and the public, the organisation has outlined some pointers in the latest development. These include supervision and oversight of global stablecoin arrangements (...

Adobe said it will offer Firefly, its artificial intelligence tool for generating images, to its large business customers, with financial indemnity for copyright challenges involving content made with the tools. The move to include compensation comes amid a rise in lawsuits around the image data used in AI services from companies that can generate ...

International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.

Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.

Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.

The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using pub...

The crypto sector was briefly mentioned in RBI’s recently released Financial Stability Report. Talking in particular about DeFi, the report said that global regulatory bodies like the Financial Action Task Force and the International Organisation of Securities Commissions (IOSCO) are constantly examining developments around DeFi.

The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.

Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).

Amanda Pritchard, Chief Executive of the UK's National Health Service (NHS), has sounded an alert about the rising cases of crypto trading addiction. Pritchard is concerned if the rising cases of crypto-related gambling are not controlled in time, they could pose a risk to members of UK’s crypto community and the financial stability of the count...

The Financial Stability Board (FSB) is laying importance to crypto policy work and AI as the G20 summit steps into its nineteenth year. Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the group for the next one year.

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday.

Global financial regulators and the International Monetary Fund (IMF) on Thursday set out a roadmap to coordinate measures that stop crypto assets from undermining macroeconomic and financial stability.

Wall Street's top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks.

Wall Street's top regulator is developing rules to govern the use of artificial intelligence on trading platforms, which poses a risk of conflicts of interest, the agency chief said in a speech on Monday. The US Securities and Exchange Commission will also need "new thinking" to confront challenges to financial stability presented by the use of tec...

The Financial Stability Board (FSB) has said that it is finalising its own set of rules to oversee the crypto sector on an international level. After receiving feedbacks from stakeholders and the public, the organisation has outlined some pointers in the latest development. These include supervision and oversight of global stablecoin arrangements (...

Adobe said it will offer Firefly, its artificial intelligence tool for generating images, to its large business customers, with financial indemnity for copyright challenges involving content made with the tools. The move to include compensation comes amid a rise in lawsuits around the image data used in AI services from companies that can generate ...

International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.

Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.

Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.

The Financial Stability Board (FSB) of the G20 said on Thursday it would take steps to tackle "vulnerabilities" and data gaps in decentralised finance (DeFi) highlighted by the collapse of cryptocurrency exchange FTX last year. The fast-growing and unregulated DeFi segment offers trading, borrowing, and lending in cryptocurrency assets by using pub...