Norway Central Bank Keeps Rate Unchanged
OSLO (dpa-AFX) - Norway s central bank retained its policy rate and reiterated that the rate will be hiked in the latter half of this year.
The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to hold the policy rate at zero percent. In the Committee s current assessment of the outlook and balance of risks, the policy rate will most likely be raised in the latter half of 2021 , Governor Øystein Olsen said.
The committee observed that economic activity will pick up through the year as much of the adult population is expected to be vaccinated by the end of summer.
Minister Tito Mboweni appoints Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority
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The Minister of Finance, Mr Tito Mboweni, has in terms of section 61(1), read with section 63(1) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act), appointed Mr Unathi Kamlana as Commissioner of the Financial Sector Conduct Authority (FSCA).
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Press Release – Reserve Bank The Reserve Bank – Te Ptea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Banks Supervision team, but the …
The Reserve Bank – Te Pūtea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors.
The Enforcement Department is operationally separate from the Bank’s Supervision team, but the two will work closely together to achieve the Bank’s compliance goals of incentivising and managing prudent behaviour, and holding institutions to account for non-compliance. The two departments operate within the Bank’s Financial Stability Group, which is led by Deputy Governor and General Manager of Financial Stability Geoff Bascand.
The Reserve Bank - Te Pūtea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Bank’s Supervision team, but the .