Finance ministers and central banks from the Group of Seven rich nations agreed the global financial system is resilient but the need for vigilance remains, Japan's finance minister Shunichi Suzuki said on Saturday.
The officials issued a joint statement vowing to address regulatory gaps in the banking system discovered during recent problems at U.S. and Swiss banks, and said they would continue to work closely with supervisory and regulatory authorities to monitor financial sector developments.
British finance minister Jeremy Hunt told reporters at a separate event that G7 finance chiefs in Japan had "very frank and open discussions" about the challenges they face, including banking regulation. He hailed Britain's rapid work to facilitate a private sale of the UK arm of Silicon Valley Bank to HSBCBut he said Britain was reviewing the legal and regulatory structures to ensure that people had access to their deposits as quickly as possible during any future incidents.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billlie’s Moon Sua To Sit Out Group’s Upcoming Promotions In JapanBilllie's MoonSua To Sit Out Group's Upcoming Promotions In Japan
Read more »
Rookie group ATBO to reveal their new comeback song at 'KCON JAPAN 2023' | allkpopRookie boy group ATBO will reveal their new comeback song at 'KCON JAPAN 2023' site.IST Entertainment said, 'ATBO will be participating in '…
Read more »
Akiko Nakajo of YouTube Japan Talks Accelerating Change for Equality: Billboard Japan Women in Music InterviewWhat does Nakajo think needs to be improved and what does she feel hopeful about?
Read more »
Japanese Railway Operator Launches NFTs on Astar NetworkPart of Japan's largest rail network, Japan Railway Group, will release its pioneering NFT drop on cross-chain platform Astar Network
Read more »
KINGDOM to perform at 'KCON JAPAN' for the first time since their debut | allkpopGroup KINGDOM will be attending 'KCON JAPAN 2023' held in Japan on May 12 and 13.KINGDOM will be on the 'KCON' stage for the first time since their…
Read more »
ECB’s Nagel: Latest rate hike won't be the lastSpeaking on the sidelines of a Group of Seven (G7) meeting in Japan, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim said on Frid
Read more »