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World’s Best Banks 2024: Global Winners

Global Finance

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 107
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Central Banker Report Cards 2024: Asia-Pacific

Global Finance

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Bangladesh has suffered years of financial system dysfunctionality. Non-performing loans in the banking system fell to 5.3%, the lowest level since 2015, and of the 33.3%

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10 years under EMIR and it may change again…

Simply Treasury

The European Market Infrastructure Regulation is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby prevent future financial system collapses. EMIR requires the reporting of all derivatives, whether OTC or exchange traded, to a trade repository.

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StanChart Hit With $40M Fine For Transaction Rigging

PYMNTS

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The bank also agreed to provide the DFS with ongoing progress reports to prove that it is meeting the objectives.

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Futureproofing treasury and payments through digitisation

Future CFO

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury.