PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Banking 139

Banking Financial Systems Concentration Currencies 139

PYMNTS

FEBRUARY 27, 2017

Guo Shuqing, the former head stock market regulator in China, has been appointed as chairman of the China Banking Regulatory Commission, replacing Shang Fulin, who was forced to retire after reaching the mandatory retirement age of 65. He arrived at the China Banking Regulatory Commission on Friday (Feb.

Financial Systems 40

Financial Systems Manufacturing Economics Banking 40

CFO News Room

NOVEMBER 18, 2022

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100

Banking Economics Leverage Marketing 100

Global Finance

AUGUST 13, 2024

As global investors increasingly prioritize sustainability and ethics, Islamic banking’s alignment with these values positions it as a key player in the burgeoning sustainable finance movement. Islamic banking has also proven resilience in turbulent economic times. Sharia-compliant banks don’t issue interest-based loans.

Finance 116

Finance Prioritization Economics Banking 116

PYMNTS

JUNE 29, 2020

FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. Part of the overhaul could focus on replacing the “call” reports that banks are required to file within 30 days after each quarter, which result in copious 60-page reports with thousands of data fields.

Banking 88

Banking Financial Systems Economics Technology 88

PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. Central banks around the globe are in the process of actively developing, or at least mulling, the issuance of digital fiat, directly into digital wallets (the U.S.

Banking 145

Banking Planning Accounting Currencies 145

Future CFO

DECEMBER 14, 2021

China's shadow banking assets will continue to decline on regulators' continued focus on containing systemic risks in the financial sector, said Moody’s recently. Broad shadow banking assets fell by around RMB1.58 Broad shadow banking assets fell by around RMB1.58 from 58.3% Trust loans fell by RMB1.2

Banking 52

Banking Leverage Economics Financial Systems 52

PYMNTS

NOVEMBER 12, 2020

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. No Quick Fix. The Government’s Response.

Banking 91

Banking Concentration Financial Systems Retail 91

PYMNTS

FEBRUARY 18, 2020

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? In a series of actions aimed at boosting liquidity (and, by extension, economic stability), China’s central bank has pumped money into the country’s financial system, which had been slowing markedly even before the pandemic.

Economics 52

Economics Banking Retail Financial Systems 52

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

Global Finance

OCTOBER 10, 2024

Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe.

Benchmarking 52

Benchmarking Foreign Exchange Forecasting Economics 52

Global Finance

JUNE 6, 2024

The Bank of Namibia (BoN) has signed an agreement with NPCI International Payments Limited (NIPL), an international arm of the National Payments Corporation of India (NPCI), to develop a secure national payment system, similar to India’s Unified Payment Interface (UPI) using the same technology.

Strategic Planning 64

Strategic Planning Financial Systems Banking Finance 64

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

Global Finance

AUGUST 13, 2024

For hundreds of years, there was no need for Islamic finance because there was simply no financial system to “Islamise.” During the colonial era, Western banks and financial institutions penetrated Muslim countries and imposed interest-based methods on the Islamic world.

Finance 52

Finance Financial Systems Construction Auditing 52

CFO News Room

DECEMBER 24, 2022

Ironically, the Fed is slowing the economy, after it came to the rescue in the last two economic downturns. The central bank helped stimulate lending by taking interest rates to zero, and boosted market liquidity by adding trillions of dollars in assets to its balance sheet. “You have to blow the dust off your economics textbook.

Forecasting 130

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PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. Central banks have a major role to play.

Banking 62

Banking Financial Systems Technology Economics 62

PYMNTS

SEPTEMBER 28, 2016

bank investors, the old Seinfeld punchline: “No dividends for you!”. The famed bank stress tests that have been in place for years and that get attention from Wall Street when it comes time to judge how sound the global financial system may be — or not — are getting a little more, well, stressful. For the bigger banks.

Banking 69

Banking Financial Systems Economics Investments 69

Future CFO

MARCH 30, 2021

The fall in China's shadow banking activities since the fourth quarter of 2020, reversing the growth over the first three quarters, is set to continue in 2021 as regulators withdraw economic stimulus and focus on containing financial systemic risks, said Moody’s recently. percentage points to 58.3%, the firm added.

Banking 40

Banking Financial Systems Leverage Economics 40

E78 Partners

APRIL 11, 2023

Today’s global financial landscape is fraught with high inflation, geopolitical risks, and a shifting economic environment. These factors have tested the resilience of the financial system and posed significant challenges for corporate financial leaders.

Restructuring 52

Restructuring Financial Systems Communication Economics 52

Future CFO

JANUARY 4, 2021

The broad downward trend in China's shadow banking activities continued though the country supported its economic recovery from the pandemic, said Moody's Investors Service recently. . Overall shadow banking assets grew by RMB700 billion in the first quarters of 2020 according to estimates of Moody’s, following a RMB2.3

Banking 40

Banking Economics Financial Systems Leverage 40

PYMNTS

JUNE 29, 2020

billion of supposed deposits were missing from two banks in the Philippines. MAS noted that it requires financial institutions to report all suspicious transactions, including transactions that are large, complex or present unusual patterns with no apparent economic or lawful purposes. “We

Banking 56

Banking Financial Systems Economics Accounting 56

PYMNTS

JULY 5, 2019

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . The banks involved will be Danske Bank, Swedbank Handelsbanken, Nordea, SEB and DNB.

Banking 58

Banking Financial Systems Economics Marketing 58

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To It also includes £6.5

Economics 40

Economics Planning Treasury Financial Systems 40

PYMNTS

JANUARY 7, 2020

Open Banking and bank-FinTech collaboration are the new norm for financial institutions around the world looking to upgrade their offerings for small businesses (SMBs). Other initiatives include a focus on payments security, as well as connecting bank data to small business accounting portal QuickBooks.

Banking 56

Banking Accounting Securities Financial Systems 56

CFO News Room

JANUARY 21, 2023

Originally published at openDemocracy The 2023 World Economic Forum (WEF) meeting in Davos started five days ago amid an air of pessimism. He is openDemocracy’s international security correspondent. He is on Twitter at: @ProfPRogers. Two glaring examples of lack of change came to light just as the WEF got under way.

Economics 100

Economics Profit and Loss Forecasting Financial Systems 100

Future CFO

SEPTEMBER 21, 2023

With growing external uncertainties and geopolitical risks, it would be important for Hong Kong to further diversify its economic base, widen its global reach, and continue to address structural challenges such as ageing population, housing supply, and social inclusion, AMRO noted. in 2023, before moderating to 3.3

Foreign Exchange 52

Foreign Exchange Economics Transportation Financial Systems 52

Future CFO

NOVEMBER 6, 2023

Interest rates higher for longer Central banks will keep rates higher-for-longer to keep a lid on core inflation, which will gradually increase borrowing costs, slow economies and uncover pockets of risk. Falling loan demand and tightening credit standards have led to a large slowdown in bank lending globally.

Economics 52

Economics Financial Systems Banking Marketing 52

PYMNTS

OCTOBER 9, 2019

The Bank of England’s (BoE) Financial Policy Committee (FPC) has laid down a set of strict rules that Facebook’s Libra and other cryptocurrencies must follow in order to do business in Britain, Reuters reported on Wednesday (Oct. Regulations include transparency that shows economic fortitude.

Banking 44

Banking Currencies Financial Systems Finance 44

PYMNTS

JULY 30, 2019

JPMorgan has announced it will go “full force” in China to take on the state-run Industrial and Commercial Bank of China (ICBC), which is the biggest bank in the world, according to a report by Bloomberg. However, to be successful, they will need to be able to compete with state-run banks, which currently control the financial system.

Banking 46

Banking Financial Analyst Financial Systems Economics 46

PYMNTS

MARCH 14, 2019

The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from the area, according to a report by Bloomberg. She said it’s time that banks start seriously being compliant. “As

Banking 49

Banking Financial Systems Economics Numbers 49

The Finance Weekly

MARCH 16, 2023

The quick and unexpected collapse of the second and third largest bank collapses in US history sent shock waves throughout the markets. Silicon Valley Bank (SVB) collapsed last Friday and it sent both private and public companies scrambling to address what exposures they had with SVB and other banks that might be at risk.

Leadership 105

Leadership CFO Startups Compliance 105

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision. In finance, now comes automated, embedded supervision.

Banking 43

Banking Compliance Finance Financial Systems 43

PYMNTS

APRIL 18, 2017

The slowdown of China’s economic growth has had markets concerned, but new data suggests the nation could be on its way to reversing the trent. This level of growth cannot be sustained,” said Wang Xinling, lead analyst at think tank China Policy, in an interview with the Financial Times. percent GDP annual growth rate.

Economics 40

Economics Construction Manufacturing Financial Systems 40

Future CFO

AUGUST 6, 2023

The sharp rebound in global confidence in the aftermath of Russia’s invasion of Ukraine has ended, according to the latest economic conditions survey from ACCA and IMA of accountants and CFOs across the globe. This would suggest that the US economy may continue to defy predictions of a recession.

Economics 52

Economics Financial Systems Banking Accounting 52

Future CFO

AUGUST 16, 2020

The extension of a deadline for Chinese financial institutions to comply with new asset-management rules will probably ease pressures facing the shadow-banking sector though the scale of the effect will be limited, said Fitch recently. This will result in a further reduction in securities and trust companies’ channel business.

Banking 40

Banking Financial Systems Finance Leverage 40

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) Banking Marketing Transportation 43

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46