Wednesday, Jun 17, 2026

International Finance

Category : Banking

Banking

Shareholders and Creditors to Share Losses of Bank Failures

International Finance Desk
by International Finance Desk
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...
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Banking

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

International Finance Desk
by International Finance Desk
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...
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Banking

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

International Finance Desk
by International Finance Desk
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...
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Banking

Andrew Bailey at the Society of Business Economists

International Finance Desk
by International Finance Desk
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...
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Banking

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

International Finance Desk
by International Finance Desk
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 –...
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Banking

HSBC is “Numero Uno” among European Banks

International Finance Desk
by International Finance Desk
HSBC has gone past France and Germany’s largest lenders to take the top spot on a league table of Europe’s biggest banks as its assets grew to more than 2 trillion Euros ( £ 1.7 trillion).  June 11, 2013 : International Finance Magazine, reports on the rise of the bank, its rapid growth and its role...
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Banking

Premier League Revenue Rises to £ 3 Billion Pounds for First Time

International Finance Desk
by International Finance Desk
English Premier League clubs will enjoy a revenue boost of almost 25 percent next season due to new television deals. June 10, 2013 : The combined revenue of the 92 clubs of England’s top four division’s football is estimated to be more than 3 billion pounds ($ 4.6 million) for the first time next season. According...
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