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December 15, 2022- The New York State Department of Financial Services released Guidance to banking organizations regulated by the NYDFS that wish to engage in virtual...
<h2>Monetary Policy Summary, December 2022</h2> <p>The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 14 December 2022, the MPC voted by a majority of 6-3 to increase Bank Rate by 0.5 percentage points, to 3.5%. Two members preferred to maintain Bank Rate at 3%, and one member preferred to increase Bank Rate by 0.75 percentage points, to 3.75%.</p>
December 1, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Fairness in Financial Services: Racism and Discrimination in...
British businesses reported cooling price pressures but warned of lower employment and investment ahead, in a Bank of England survey on Thursday that should reassure policymakers that their interest
November 3, 2022- The U.S. Department of the Treasury and the Internal Revenue Service issued three additional notices requesting public input on key climate and clean...