Governance, Regulation & Compliance

Saudi Arabia's central bank raised key policy rates seven times in 2022 and economic growth is projected to slow this year.

World Bank President David Malpass—a Trump administration appointee—will soon be replaced by the Biden administration's pick, former Mastercard CEO Ajay Banga.

Kazuo Ueda will have his plate full when he takes over in the spring, with the market keen to see whether—and how soon—he will deviate from his predecessors controversial policies.

Audit companies face an audit by a government oversight agency and are found lacking.

Japanese Prime Minister Fumio Kishida will nominate a new head of the BoJ perhaps as early as February. 

Britain repeals post-2008 banking reforms, including the cap on bonuses for bankers.

The excise tax—also meant to prevent corporations from amassing excess capital at the top—is anticipated to raise around $74 billion.

The FTC is suing to block the merger of Nvidia and Arm as well as the purchase of virtual-reality startup Within by Meta (Facebook).

A new SEC seeks to align CEO and close collaborators’ compensation with corporate results.

After years of easy money, central banks are tightening up—some more quickly than others. Global Finance grades their performance in the face of the past year’s rising inflation. 

Byadran Lkhagvasuren, governor of the central bank of Mongolia, gave an interview to Global Finance about the bank’s future and potential stagflation.

Despite emerging alternatives, the network power of Swift makes it tough to remain in the global financial system and avoid sanctions.  

The US Securities and Exchange Commission hopes to implement new climate change disclosure rules by the end of 2022.

CFOs must now tackle real-time emergencies and have the quick reflexes needed for crisis management.

Japan moves to digitize government services.

The Bank for International Settlements says existing regulatory frameworks need a tune-up to deal with fintechs.

Managing director of the IMF was found culpable in the World Bank Doing Business report scandal in which data was falsified.

Reta Jo Lewis’ nomination to the controversial agency comes two years after Congress reauthorized the export credit agency after leaving it moribund from 2015 to 2019 and unable to grant financial commitments for more than $10 million.

A recent spate of ransomware attacks on U.S. companies has sparked new regulations.

Barring cryptocurrencies will prevent Chinese yuan from leaving China in the form of Bitcoin or other cryptocurrencies, allowing the government to maintain control of its centralized fiscal and economic systems.