Monday, Nov 18, 2024

International Finance

Tag : Trading and technology

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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Islamic Banking

Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy

International Finance Desk
by International Finance Desk
The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...
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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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FinanceWealth Management

A post-2015 agenda for Asia

International Finance Desk
by International Finance Desk
Asia has been enormously successful in achieving fast economic growth. But continued progress calls for an integrated stance against rising natural and social vulnerabilities. Author :Thomas, Vinod The writer is Director-General of Independent Evaluation at the Asian Development Bank, and former director-general and senior vice president of the World Bank’s Independent Evaluation Group and chief...
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Islamic Banking

Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy

International Finance Desk
by International Finance Desk
The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...
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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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Business Leaders

Can Jose “Maverick” Mourinho End Premier League Drought for Chelsea

International Finance Desk
by International Finance Desk
Jose Mourinho proclaimed that he is “The Happy One” on his return to Chelsea, adding that he is calmer and a better manager than he has ever been. 17th June 2013 “Absence makes the heart grow fonder”, goes a popular adage. Jose Mourinho, the temperamental coach must have felt exactly the same when he was...
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Fintech

The New Virtual Currency – Bitcoin

International Finance Desk
by International Finance Desk
Bitcoin startups are beginning to raise sizeable investment capital despite warnings about potential regulation and incidents of hackers abusing the Internet virtual currency for profit. 15th June 2013 Everytime you spend bitcoins to buy a drink at Evr, a bar in Manhattan that accepts the digital currency, you make its co-owner, Charlie Shrem richer. This...
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