Banking Archives - Page 86 of 88 - International Finance

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

International Finance DeskJuly 5, 2013

by International Finance DeskJuly 5, 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...

Chinese Banks Resort to Shadow Banking

International Finance DeskJuly 4, 2013

by International Finance DeskJuly 4, 2013

The investments in these unregulated wealth management securities pay an annual interest rate of 6 percent which is far above the savings deposit rates set by the regulators which stand at 3.3 percent. July 04, 2013 : Text message solicitations began arriving on the mobile phones of many of China’s wealthy last month, promising access to...

ICBC is New Banking Emperor

International Finance DeskJuly 4, 2013

by International Finance DeskJuly 4, 2013

The rankings are based on Tier 1 capital as a measure of a bank’s ability to lend on a large scale and endure shocks. July 04, 2013 : Industrial and Commercial Bank of China (ICBC) has gone past a pair of U.S. banks to top a global ranking of banks with the most capital, highlighting...

Shareholders and Creditors to Share Losses of Bank Failures

International Finance DeskJuly 1, 2013

by International Finance DeskJuly 1, 2013

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.

International Finance DeskJune 19, 2013

by International Finance DeskJune 19, 2013

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...

Implications for Banks’ Capital Structure and Credit conditions

International Finance DeskJune 18, 2013

by International Finance DeskJune 18, 2013

The implications of the reforms of banking for the credit system. June 18,2013: Speaking in Helsinki today, Paul Tucker considers the implications of the reforms of banking for the credit system. He outlines the possible shape of a Capital Accord for the future, catering for banks in distress as well as in health; tries to...

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

International Finance DeskJune 18, 2013

by International Finance DeskJune 18, 2013

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

International Finance DeskJune 17, 2013

by International Finance DeskJune 17, 2013

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...

‘Central Counterparties – what are they, why do they matter and how does the Bank supervise them?’

International Finance DeskJune 17, 2013

by International Finance DeskJune 17, 2013

Financial market infrastructures play a crucial role in helping the economy and financial markets to function. June 17,2013 :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. Central counterparties (CCPs) – also known as clearing houses –...

Japan’s economy builds momentum, gives Prime Minister Shinzo Abe’s policies a boost

International Finance DeskJune 12, 2013

by International Finance DeskJune 12, 2013

Japan’s Central Bank ended a two day policy meeting on Tuesday and pledged to persist with its aggressive monetary easing policies aimed at ending deflation. June 12,2013 : The Bank of Japan, has raised its assessment of the Japanese economy for the sixth straight month, due to a surge in exports and continued resilience in private...