Bank of International Settlements.
BIS, say, “There is a strong conviction among Central Banks, that more needs to done to regulate and monitor the risks emerging from non-bank financial intermediation” Also, “Central Bank digital currencies could help bring in a more level playing field in payments; we should not rush in, but CBDCs have Continue Reading
Oil Drops After Jump in U.S. Stockpiles and Gloomy IEA Forecast
(Bloomberg) — Oil fell for a second day — dropping below $41 a barrel in New York — after a surprise jump in US. Crude stockpiles and a gloomy forecast from the International Energy Agency weighed on the demand outlook. American crude inventories rose by 4.28 million barrels, climbing for a second Continue Reading