New law obliges banks to reimburse cyberfraud victims
The Bank of Russia has detailed new legislative measures, effective 2027, to combat cyberfraud.
The Bank of Russia proposes to raise minimum capital requirements for banks with a universal licence from ₽1 billion to ₽3 billion and for those with a basic licence from ₽0.3 billion to ₽1 billion.
The consolidation in the German banking sector continued in 2025, with the total number of credit institutions decreasing by 39 to 1,329. Domestic branches also declined by 6 percent to 16,799, driven by digitalization and cost pressure.
People's Bank of China Governor Pan Gongsheng met with eight central bank governors and deputy governors from nine countries.
The People's Bank of China and the Bank for International Settlements co-hosted a high-level symposium in Shanghai on June 10, 2026.
The Bank of Russia has detailed new legislative measures, effective 2027, to combat cyberfraud.
The Reserve Bank of India has issued final amendment directions permitting commercial banks to extend finance to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
The Hong Kong Monetary Authority (HKMA) hosted a seminar on tokenisation, showcasing its potential for corporate treasury operations.
In May, individuals purchased ₽94.3 billion in corporate bonds, surpassing demand for OFZ and shares.
Mikhail Mamuta has been appointed Bank of Russia Deputy Governor, effective June 10, 2026.
The Riksbank will increase the administration fee for redeeming invalid banknotes from SEK 200 to SEK 300 per application.
The Financial Stability Board (FSB) has published a consultation report outlining sound practices for responsible AI adoption by financial institutions.