International Finance

Category : Banking

E.U pushes for a Transatlantic Banking Regulator

It is possible that, as a result of the talks some form of transnational super regulator could be formed, which would take a lead on financial regulation over the two financial super powers . July 08, 2013 : The European Union is all set to push for an agreement on banking and financial services as a...

International Finance Magazine, Financial Awards – Malaysia 2013

International Finance Magazine today announced the Financial Awards 2013 for Malaysia, July 07, 2013: International Finance Magazine (IFM), the London based online magazine with a viewership in over 150 countries announced the financial awards 2013 for Malaysia. The recipients have been chosen after a rigorous selection process by the internal tem as well as key...

HSBC Annexes “Best Internet and Foreign Bank” at International Finance Magazine, Financial Awards- Sri Lanka 2013

Another Feather in its cap, as HSBC annexes “Best Foreign and Internet Bank” at International Finance Magazine, Financial Awards – Sri Lanka 2013. July 05, 2013: The U.K. Banking giant has been awarded the Best Internet Bank and Best Foreign Bank awards for its technological innovations, which include secured online services to manage investments and...

Shareholders and Creditors to Share Losses of Bank Failures

The new system specifies the order in which banks investors and creditors, and then their uninsured depositors will face losses in case of failure of banks. July 01, 2013 : Finance ministers from the European Union have agreed unanimously on a plan that would require shareholders and creditors to take significant losses when banks collapse. The...

Bank Penalties on Risk Management Failures Raise Enormously in U.K.

The Financial Conduct Authority has levied a fine of more than £ 292 million pounds ($458 million) against firms which have inadequate risk management controls.  June 19, 2013 : International Finance Magazine gives you the story on LIBOR manipulation and the impact of the Financial Services Act 2012 which has given more powers to exert pressure...

Singapore “Censures” Erring Banks For Attempted Manipulation of Local Benchmark Interest Rates

Singapore’s Central Bank has censured a record 20 banks on Friday after it found that 133 traders in the city tried to rig key borrowing and currency rates. June 18,2013 : Singapore’s Central Bank has rapped 20 banks for allowing 133 traders to attempt to manipulate interest rates and foreign exchange benchmarks for a period of...

Andrew Bailey at the Society of Business Economists

Andrew Bailey, Deputy Governor, Prudential Regulation and Chief Executive Office, Prudential Regulation Authority. June 17,2013 : The financial crisis has provided hard lessons on what happens when the stability of the financial system is found wanting. It has reminded us how much we depend upon the supply of critical services from banks, insurers, investment firms, asset managers and...