News

Brazil delays prospectus for Bepi and BEM

After the headache caused by the problems with economic and financial evaluations, the central bank decided to wait and postponed publication of the prospectuses to contract the company that will put together the sale model and perform the financial and…

Slovenia to ease portfolio investment rules

The Bank of Slovenia said on Monday it would ease restrictions for foreign portfolio investment next month as part of its drive to harmonise its regulations with those of the European Union by the end of 2002.

Litas to be pegged amid preparations for EU

Lithuania, while preparing for its membership in the European Union, plans to keep litas pegged to dollar and later to euro, the board of the Bank of Lithuania announced after discussing its participation in the processes of Lithuania's preparation for…

HKMA, HSBC beef up anti-counterfeiting measures

Hong Kong's quasi central bank the Hong Kong Monetary Authority and the Hong Kong & Shanghai Banking Corp. unveiled Monday new security features to combat widespread counterfeiting of Hongkong Bank's HK$1,000 notes.

Bk Indonesia to adopt risk-based bank supervision

Bank Indonesia will gradually shift its banking supervision system from the current compliance-based mechanism to include the internationally practiced risk-based system starting next year, according to a senior official at the central bank.

Nigeria parliament urged to legislate on e-banking

The Nigerian National Assembly has been called upon to pass appropriate legislation that will address the problem of fraud and other peculiarities of electronic banking, if Nigeria must enjoy full benefits of e-banking.

Rohatinski steps down until new cbank law passed

Croatia's central bank governor Zeljko Rohatinski said on Friday he would step down until parliament passed a new law which will regulate the work of the monetary authority in line with European criteria.

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