PRESS RELEASE 13 September 2018 At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key…
The Securities and Exchange Commission today announced that a Boulder, Colorado-based biopharmaceutical company, its CEO, and its former CFO will pay more than $20 million in penalties to settle charges of misleading investors about the company’s devel...
This is an annual publication that provides data on payments and payment, clearing and settlement systems in the CPMI countries.This version of the statistical update contains data for 2016 and earlier years. There are detailed tables for each individu...
Fintech startup SendFriend has secured a US$1.7 million funding round for its remittance platform that will use the XRP cryptocurrency to move funds internationally. Backed by banking group Barclays and XRP founder Ripple, the startup gained a stake through its “Barclays powered by TechStars”...
The Securities and Exchange Commission today charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize.  ...
Financial supervisors can harness the same innovative technologies that are driving fintech developments. Such so-called suptech applications can be found in the areas of data collection and analysis. The experience of early users suggests that suptech...
SummaryFocusWe first calculate the "variance risk premiums" (VRPs) that investors require for taking on stock market volatility risk in major advanced economies (AEs) and emerging market economies (EMEs) over 2007-15. We test whether the US and eurozon...
SummaryFocusThis paper tests whether the linkages between financial and macroeconomic variables are similar in the economies that have the same degree of liquidity dependence (i.e. the same share of industries that are sensitive to the availability of ...
The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week.  The SEC also today charged Tesla wi...
The Securities and Exchange Commission today charged New York-based broker-dealer Alexander Capital L.P. and two of its managers for failing to supervise three brokers who made unsuitable recommendations to investors, “churned” accounts, and made unaut...