Banking Archives

Payments Council dares to think differently about UK’s payments infrastructure

International Finance DeskSeptember 10, 2013

by International Finance DeskSeptember 10, 2013

The Roadmap will be a ground breaking document, and is designed to be a mechanism to shape the nation’s payments infrastructure in a way that provides the maximum benefits to everyone who makes and receives payments September 10, 2013: The publication of the first ever Payments Roadmap – An Initial Report today (17 June 2013), spells out...

Banking

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

International Finance DeskSeptember 9, 2013

by International Finance DeskSeptember 9, 2013

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...

Banking

Independent research published to assess customers’ account switching needs

International Finance DeskSeptember 7, 2013

by International Finance DeskSeptember 7, 2013

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...

Banking

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

International Finance DeskSeptember 2, 2013

by International Finance DeskSeptember 2, 2013

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...

Banking

Lebanon- Hope Amidst Chaos and Turbulence

International Finance DeskAugust 29, 2013

by International Finance DeskAugust 29, 2013

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...

Banking

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

International Finance DeskAugust 28, 2013

by International Finance DeskAugust 28, 2013

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...

Banking

Financial Engineering for Profitable Financial Instruments

International Finance DeskAugust 21, 2013

by International Finance DeskAugust 21, 2013

Financial engineers use modelling techniques such as simulations, convexity, duration, value at risk, linear programming and other quantitative techniques to determine future returns, loss scenarios etc. August 21, 2013 : Many financial engineers opine that financial engineering involves a lot of creativity because the field is pioneering and innovating, furthermore, the evolution of cheaper, faster computers...

Banking

Mark Carney’s Forward Guidance

International Finance DeskAugust 13, 2013

by International Finance DeskAugust 13, 2013

The BoE is following the Federal Reserve in a dramatic shift that links interest rates to unemployment, a signal to the markets of what it will take to push rates higher. August 13, 2013 : Taking a cue out of the Fed, Bank of England (BoE) Governor Mark Carney said the bank will not consider raising...

Banking

Barwa Bank

International Finance DeskAugust 5, 2013

by International Finance DeskAugust 5, 2013

Barwa Bank Wins Four Awards at International Finance Magazine Financial Awards for Qatar 2013. August 5th, 2013 : Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, has been named the winner of International Finance Magazine (IFM) Financial Awards for Qatar 2013 for “Best Islamic Bank”, “Fastest Growing Bank”, “Best Sukuk Arranger” and “Best Financial...

Banking

Improving Consumer Protection and Financial Literacy in Tajikistan

International Finance DeskJuly 29, 2013

by International Finance DeskJuly 29, 2013

The World Bank studies recommended bringing Tajikistan’s financial consumer protection regime closer to international good practices. One proposal is to assign responsibility to the National Bank of Tajikistan . July 29, 2013 : Consumer protection is essential for any financial system to function effectively – it not only protects existing consumers but also encourages potential consumers...