International Finance

Category : Banking

The Note in your Wallet- Full Speech by Chris Salmon

Chris Salmon, Executive Director for Banking Services and Chief Cashier, Bank of England , At the Plymouth Chamber of Commerce. June 19, 2013: I would like to thank Victoria Cleland, Mona Naqvi, Roy Whymark and Kevin Wills for their contributions and am grateful for helpful comments from other colleagues. I am grateful to you for...

Central Counter-Parties what are they, why do they matter and how does the Bank supervise them?’

Benefits of Central Counter-parties. June 19, 2016: Financial market infrastructures lie at the heart of the financial system. They settle transactions and, by stepping in between buyers and sellers, ensure that financial obligations are met. As such, they play a crucial role in helping the economy and financial markets to function. Central counterparties (CCPs) –...

Payments Council plays key role in Launch of Revised International Financial Standard

The Payments Council develops and supports the development of national and international standards for the payments industry. May 10, 2013 : ISO 20022, the global standard that ensures the reliable transfer of financial data, has now had a 2013 revision published, thanks to UK banking industry recommendations led by the Payments Council. The series of...

Asia Prosperity Requires More Innovation, Inclusion, Integration – ADB President

DELHI, INDIA – Growth in Asia and the Pacific has been more robust than expected after the global crisis, and must be sustained for the region to reduce poverty and increase prosperity, Asian Development Bank (ADB) President Takehiko Nakao said in his first address to the ADB Board of Governors....

European Banking is getting Scary

The loss of confidence in the European banking system stemming from the Cypriot crisis will not only weigh on the banks but also but also on the economy of the region. The European Banking Crisis The European banking crisis has a dark history, on September 29th 2009, governments of European bigwigs Germany, Iceland to name...

Recent Banking Heists Highlights need for Cyber Security

Nearly all 20% of cyber attacks hit small businesses with less than 250 employees. The fact is, if you are in a business, you’re a potential target. Recent banking heists highlights need for cyber security New York police have accused 8 persons of being part of a systematic cyber fraud against two banks that resulted...

BAC San Jose Puesto de Bolsa selects IMSplus for portfolio management

Selection done after international vendor evaluation September 01, 2016: Profile Software, an international financial solutions provider, announced the selection of its IMSplus platform by the Costa Rican-based BAC San Jose Puesto de Bolsa SA to manage their investment and client portfolios operations and to automate their processes. The Banking operations are headed by BAC San...