Central Bank of Yemen Mandates 18% Minimum Interest Rate on New Yemeni Rial Deposits Effective Immediately The Central Bank of Yemen has mandated an 18% minimum interest rate on new Yemeni rial deposits effective immediately from April 12, 2026, representing a dramatic monetary policy intervention aimed at stabilizing the[Read More…]
FED
Fed’s Daly Warns Oil Shock From Iran War Extends Inflation Timeline
San Francisco Federal Reserve President Mary Daly has delivered a sobering assessment of the U.S. inflation outlook, warning that the oil shock resulting from the ongoing Iran war will significantly extend the timeline for returning inflation to the central bank’s 2% target. In an exclusive interview with Reuters on April[Read More…]
Federal Reserve Terminates Enforcement Actions with Crédit Agricole, Mega Bank, and Goldman Sachs After Years of Oversight
Federal Reserve Terminates Enforcement Actions with Crédit Agricole, Mega Bank, and Goldman Sachs After Years of Oversight The Federal Reserve Board announced on April 9, 2026, the termination of enforcement actions against three major global financial institutions – Crédit Agricole S.A., Mega International Commercial Bank Co., Ltd, and The Goldman[Read More…]
FSOC Proposes Major Shift in Nonbank SIFI Oversight Toward Activities-Based Approach
The Financial Stability Oversight Council (FSOC) proposed updated guidance on March 28, 2026, aimed at a significant shift in the way nonbank financial companies are designated as systemically important financial institutions (SIFIs). The proposed guidance, which reinstitutes several key elements from the FSOC’s 2019 interpretive guidance, represents a more activities-based[Read More…]
US Treasury Proposes Recasting Federal Reserve in the Bank of England’s Image
In a move that could fundamentally reshape the American financial landscape, Treasury Secretary Scott Bessent has begun formal discussions on a radical overhaul of the Federal Reserve’s relationship with the executive branch. The proposal, revealed in the early hours of Thursday, March 26, suggests “recasting” the US central bank’s ties[Read More…]
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