The agency that sets rules for global banks will establish a task force to look at reform of Libor after a scandal in which three banks were fined for rigging the global interest rate benchmark. The Financial Stability Board, set up by the G20, will report back next year on […]
World News
ECONOMIST: ‘Why The Chinese Central Bank Is Doing More Harm Than Good’
Chinese interbank rates, or the rates at which banks lend to each other, have been rising since before the Dragon Boat festival earlier this month. A statement from the People’s Bank of China on Monday suggests that policymakers are serious about reform and are willing to take on short term […]
CBN to release microfinance bank bail-out plan September
The Central Bank of Nigeria has concluded plans to roll out framework for the disbursement of specialised fund meant to assist microfinance banks with liquidity problems. The Director, Other Financial Institutions Department of the CBN, Mr. Olufemi Fabanwo, made the disclosure during an interview with journalists at the opening session […]
