International Finance

Category : Banking

International Finance Magazine, Financial Awards – Azerbaijan 2013

International Finance Magazine announces Financial Award winners for Azerbaijan 2013. October 01, 2013 : International Finance Magazine (IFM), the London based online magazine with a viewership in over 200+ countries announced the financial awards 2013 for Azerbaijan. The recipients have been chosen after a rigorous selection process by the internal team as well as key inputs...

Off Balance Sheet Transactions of Banks to come Under BASEL Scrutiny

The Basel rule requires the banks to hold capital equivalent to at least three percent of their assets, without any possibility to take into account the riskiness of a lender’s investments. October 01, 2013 : Banks are set to face a broad international leverage limit that will catch off balance sheet risks and prevent them from...

Chapter 11 Bankruptcy

International Finance Desk
Chapter 11 is a part of the United States Bankruptcy Code, which involves reorganization of a debtor’s business affairs and assets. It is filed by corporations which need time to restructure their debts. September 26, 2013 : Physiotherapy Associates, an outpatient rehabilitation services provider based in Exton has decided to file for Chapter 11 Bankruptcy due...

Payments Council announces customer guarantee for new current account switch service

International Finance Desk
Guarantee provides peace of mind for anyone switching current account September 11, 2013: The Payments Council reached a major milestone by making public the Current Account Switch Guarantee and Trustmark that will be used by all participating financial institutions, from the launch of the new service in September. The new Guarantee and Trustmark are designed...

Payments Council responds to the Report of the Parliamentary Commission on Banking Standards

Payments Council responds to the Report of the Parliamentary Commission on Banking Standards Adrian Kamellard, Chief Executive of the Payments Council said: September 9, 2013: “We welcome the publication of today’s report by the PCBS – ‘Changing Banking for good’. It is a very comprehensive report and we need to now examine it in depth...

Independent research published to assess customers’ account switching needs

The research confirmed that the Payments Council’s new account switching service should deliver all the main features that customers have identified as being essential in any successful transfer system. September 07,2013: New research, published today, provides findings from qualitative research commissioned by the Payments Council. The research, undertaken by leading independent market research company Optimisa, was...

Financially unsound: Sorting out finances at the bottom of the UK’s ‘to-do-lists’

More people rank getting fit above paying off their credit card bill as their most pressing ‘life admin’ task September 2, 2013: Financial planning is the task we are putting off the most when it comes to our everyday ‘to-do lists’ according to a new report  released by the Payments Council, the organisation spearheading the new...

Lebanon- Hope Amidst Chaos and Turbulence

Lebanese banks have maintained sound financial standings over this period of economic pressure with healthy liquidity, non performing loans and capital adequacy ratios. August 29 , 2013 : With a total area of 10,452 square kilometres, Lebanon is bordered by the war ravaged Syria to the north and Israel to the South, the war in Syria...

Will the Financial Services Act of 2012 revamp UK’s Financial Regulatory Framework

The Financial Services Act 2012 has come into force from 1st April, 2013 in the U.K.  August 28, 2013 : The Financial Services Act 2012 is aimed at creating a new regulatory framework for the supervision and management of UK’s banking and financial industry. The enforcement of the act will also see the launch of the new...