Banque de France Governor François Villeroy de Galhau has stated that France is expected to avoid an economic recession through 2028. Despite ongoing global economic uncertainties, the central bank anticipates a period of moderate growth and gradual disinflation for the French economy over the coming years.
The UK Treasury and the Bank of England are reportedly weighing a pause on the development of a central bank digital currency, commonly known as the 'digital pound' or 'Britcoin.' The potential delay aims to allow officials more time to monitor rapid advancements in private sector payment innovations and ensure the project remains aligned with broader economic needs.
The Financial Sector Conduct Authority (FSCA) has officially deregistered Moody's Investors Service South Africa as a credit rating agency. The move follows a formal request from the global ratings firm to renounce its registration in the country, marking a shift in how the agency will conduct its South African operations moving forward.
The Argentine Banking Association (La Bancaria) has launched a 24-hour national strike in Argentina to protest the Central Bank's decision to shutter 12 regional treasury branches. The industrial action aims to challenge the closures, which the union argues threaten jobs and regional financial services, leading to a complete cessation of banking activities across the country.
Japanese Finance Minister Satsuki Katayama has signaled that the government is prepared to take action against excessive foreign exchange volatility. The warning comes as investors closely monitor upcoming Bank of Japan policy decisions, with authorities emphasizing their readiness to respond to speculative moves in the yen.
The Bank of Canada has maintained its benchmark interest rate at 5.00%, citing persistent inflation concerns and global economic uncertainties. Governor Tiff Macklem emphasized that while progress has been made, the Governing Council requires further evidence that inflation is sustainably returning to the 2% target before considering rate cuts.
Chinese regulators have lengthened the approval process for overseas bond and loan quotas for domestic companies to up to nine months. This regulatory shift aims to enhance oversight of capital outflows and manage financial risks associated with external debt, marking a more cautious approach to international financing for Chinese firms.
Turkish brokerage firm Tera Yatirim is under regulatory scrutiny following a dramatic surge in its share price since its 2022 initial public offering. The Capital Markets Board of Turkey (SPK) has initiated investigations into the trading activity surrounding the stock, which experienced an extraordinary increase of approximately 40,000% since entering the public market.
Rating agency Moody's has upgraded the long-term deposit rating of Liechtensteinische Landesbank AG (LLB) from Aa2 to Aa1. The upgrade reflects the bank's exceptional financial stability, strong capitalization, and its systemic importance to the Liechtenstein financial sector, supported by the state's guarantee.
The Nigerian Exchange Limited (NGX) has received regulatory approval to extend its daily trading hours to 9:00 a.m. – 4:00 p.m. WAT, effective April 27. This strategic adjustment aims to enhance market liquidity, provide investors with more time for trading activities, and align the exchange's operations with global best practices.
Nigerian authorities have reiterated their commitment to hosting the African Union's African Monetary Institute. The nation is actively preparing to meet the requirements for the institution, which is targeted for an operational launch in September 2026 as part of the broader African Union financial integration agenda.
The Brazilian Federal Police have arrested the former president of the Banco de Brasília (BRB) as part of an ongoing investigation into alleged financial irregularities. The operation, which targets corruption and money laundering, highlights continued efforts by authorities to address misconduct within public financial institutions in Brazil.
A Federação Brasileira de Bancos (FEBRABAN) informa que agências bancárias não abrem para atendimento presencial em cidades que celebram feriados municipais nesta terça-feira, 14 de abril. Canais digitais e caixas eletrônicos permanecem disponíveis para transações. Contas com vencimento nestas datas podem ser pagas no dia útil seguinte sem acréscimo de multas.
The Indian government has periodically adjusted its windfall tax structure, including export duties on diesel and aviation turbine fuel (ATF). These measures are designed to regulate domestic supply and ensure fuel availability within the country, reflecting the government's ongoing strategy to manage energy security amidst fluctuating global oil prices.
Major French financial institutions are undergoing significant restructuring, leading to workforce reductions. Industry analysts and bank officials point to the rapid integration of artificial intelligence and digital automation as a primary driver for these efficiency measures, as banks seek to modernize operations and reduce long-term structural costs.
Turkish authorities have detained Ramazan Başak, a former deputy chair of MASAK, the country's Financial Crimes Investigation Board. The detention is part of an ongoing investigation into allegations of market manipulation. Başak, who previously held a senior role in the agency responsible for combating financial crimes, is now facing legal scrutiny regarding these financial charges.
The Federal Reserve Board has issued a proposal aimed at clarifying the role of intermediaries in fund transfers via the FedNow Service. The initiative seeks to ensure operational safety and efficiency for financial institutions using the instant payment system in the United States, inviting public comment on the proposed regulatory framework.
Mexico's Financial Intelligence Unit (UIF) has added several individuals and entities linked to the Jalisco New Generation Cartel (CJNG) to its list of blocked persons. This action, taken in coordination with U.S. sanctions, aims to disrupt the financial networks of one of Mexico's most powerful criminal organizations and curb its illicit operations.
The Argentine government has established new regulatory frameworks for electricity transmission concessions. These changes aim to modernize infrastructure and provide legal certainty for investors ahead of upcoming energy auctions, as the country seeks to expand its grid capacity and integrate more renewable energy sources into the national system.
The International Monetary Fund has encouraged the Bank of Japan to persist with gradual interest rate increases. Despite global economic uncertainties, including risks stemming from the Middle East conflict, the IMF maintains that normalizing monetary policy is appropriate to manage inflation and support long-term economic stability in Japan.
