VocaLink partners with HSBC and first direct
Will offer Pay by Bank app, its mobile payments service, to customers of the two entities...
Category : Banking
The pros and cons of the world adopting versions of the UK’s RDR model
Over the last three years, there has been a steady move away from commission-based towards fee-based business models in most jurisdictions Nigel Green Versions of the UK’s Retail Distribution Review (RDR) are increasingly finding their way into the international financial advisory sector. The Retail Distribution Review, or RDR, a set of rules introduced by the...
Nigeria hampered by fiscal indiscipline and large-scale corruption
Necessitates reduction of incentives for fiscal indiscipline at subnational government level...
Location, location, location: Why the HSBC headquarters stayed in London
Moving to a more economically dynamic Hong Kong would subject it to China’s not-yet-ready-for-prime-time economic institutions Richard S. Grossman March 27, 2017: In February this year, HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong. The revelation that a company is staying put is usually not...
Decoupling Eurozone and US interest rates using unconventional monetary policy
In continental Europe, interest rates tend to swing with their US and UK counterparts only up to 2013 Benoit Mojon Interest rates tend to move together. In Figure 1, we report interest rates on Treasury bonds of five-year maturity for the Eurozone member states that have the best ratings, and for the US, the UK,...
Conflicting expectations when it comes to communication from banks
A survey by Engage Hub revealed crucial user information on how customers set their preferences and priorities when it comes to accessing technology...
Asia Pacific Financial Inclusion Summit kicks off in Hanoi
More than 450 thought leaders in the inclusive finance ecosystem will gather over two days to drive collective and positive change for greater financial inclusion across the region...
MUFG signs a co-operation framework with the Saudi Arabian General Investment Authority
The Framework is a further milestone for MUFG, cementing its efforts to positively contribute to economic development in the Kingdom March 20, 2017: MUFG’s banking subsidiary, The Bank of Tokyo-Mitsubishi UFJ, Ltd, has signed a Framework of Co-operation (Framework) with the Saudi Arabian General Investment Authority (SAGIA). MUFG, or Mitsubishi UFJ Financial Group Inc, is...
Anti-money laundering requirements: are the stakes increasing?
Sophisticated techniques for detection of suspicious activity require someone with a level of knowledge and understanding — more than just ‘an analytics person’ Colin Bristow March 17, 2017: Part 504 of the US Department of Financial Services Superintendent’s Regulations seems to be significantly upping the requirements for firms to put in place an ongoing review...
US Fed raises interest rate: Three questions investors need to ask themselves
Hike by the world’s de facto central bank confirms that we’re in a new era of higher inflation and higher interest rates Nigel Green March 16, 2017: The US Federal Reserve raised interest rates for the second time in three months on Wednesday. It was prompted to do so by strong jobs data, and forecasts...