Crises trigger the adaptation processes. Crises are motherof reforms. Christoph Ohler tours us through the Financial crisis (2007- 2009) and debt crisis (2010 – 2013) and details the best way to balance public and private interests. Christoph Ohler graduated in law from the University of Bayreuth and the College of Europe in Bruges. His PhD in European law he received at the University of Bayreuth. After working as an associate in an international law firm in Frankfurt/Main he became a research assistant at the Universities of Passau, Bayreuth and Munich. Since 2006 he holds a chair in public law, European law, public international law and international economic law at the Friedrich-Schiller University of Jena. From 2008 to 2014 he was the spokesperson of the interdisciplinary graduate program „Global Financial Markets“. He publishes extensively on German and European constitutional law and the regulation of financial markets in international and European law. „Banking Supervision and Monetary Policy in EMU” is his most recent book. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 5470 TEDx Talks
16 May 2012: As the EU member states approve new regulations for banks, new global head of banking and regulation at Mazars Jonathan McMahon outlines the challenges facing banks http://economia.icaew.com/News/EU-agrees-to-new-banking-rules
Views: 1136 EconomiaMagazine
Banking regulation is ever changing. After the recession, the regulators saw many failing banks and tightened regulations. As the economy grows the regulators are encouraging new banks or De Novo Banks.
Views: 3 DD&F Consulting Group
_Euronews’ Maithreyi Seetharaman asked Valdis Dombrovskis, the European Commission Vice President for the Euro & Social Dialogue, Financial Stability, Financial Services & Capital Markets Union, if the new banking proposals put forward impacts the impending Basel III negotiations in January 2017. He responded by saying Europe’s position was that any international regulation should not lead to overall substantial increases in capital requirements for European Banks._ *Maithreyi Seetharam… READ MORE : http://www.euronews.com/2016/12/13/how-do-europes-new-banking-regulation-proposals-change-international-agreements What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 274 euronews (in English)
Panel discussion at the Financial Stability Institute 20th anniversary conference - Basel, 12-13 March 2019 Link to the event page: https://www.bis.org/fsi/events/fsi_20th_anniv_conf_190312.htm Chair: S Ingves (Governor, Sveriges Riksbank) Panellists: S Lautenschläger (Member of the Executive Board, ECB), N Wellink (former President, Netherlands Bank), N S Mohd Yunus (Governor, Central Bank of Malaysia)
Views: 608 Bank for International Settlements
In this video you will learn about the basics of Basel accord, which introduces Basel I , Basel II & Basel III. Basel committee is a financial regulatory body that formulates norms for the banks. These norms or guidelines are mandatory for the banks to follow so that banks can solvent Learn Credit Risk Modelling(PD, LGD, EAD Modelling) : http://analyticuniversity.com/credit-risk-analytics-study-pack/ http://analyticuniversity.com/ For training, consulting or help Contact : [email protected] For Study Packs : http://analyticuniversity.com/
Views: 43843 Analytics University
A decade after Northern Rock's collapse, Helen Thomas asks whether enough has been done to reform banking regulations. Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews. Website: www.bbc.co.uk/newsnight YouTube: https://www.youtube.com/user/BBCNewsnight Twitter: https://twitter.com/BBCNewsnight Facebook: https://www.facebook.com/bbcnewsnight Snapchat: https://www.snapchat.com/add/bbcnewsnight
Views: 7801 BBC Newsnight
This course covers the nature and functions of money. Topics include a survey of the operation and development of the banking system in the U.S. and an introduction to the monetary policy. Learn more about Missouri State iCourses at http://outreach.missouristate.edu/icourses.htm
Views: 9740 Missouri State University
Hi, I am a London-based management consultant working in financial services. In videos of a few minutes in length, buzzwords in the business world are explained simply. These videos should be starting points for your own research on these topics if they spark your interest. Enjoy!
Views: 2875 In 3 Minutes
Hi, I am a London-based management consultant working in financial services. In videos of a few minutes in length, buzzwords in the business world are explained simply. These videos should be starting points for your own research on these topics if they spark your interest. Enjoy!
Views: 1518 In 3 Minutes
The United States banking industry is one of the most heavily regulated and guarded in the world, with multiple specialized and focused regulators. All banks with FDIC-insured deposits have the Federal Deposit Insurance Corporation (FDIC) as a regulator. However, for soundness examinations (i.e., whether a bank is operating in a sound manner), the Federal Reserve is the primary federal regulator for Fed-member state banks; the Office of the Comptroller of the Currency (OCC) is the primary federal regulator for national banks; and the Office of Thrift Supervision, or OTS, is the primary federal regulator for thrifts. State non-member banks are examined by the state agencies as well as the FDIC. National banks have one primary regulator—the OCC. Each regulatory agency has their own set of rules and regulations to which banks and thrifts must adhere. The Federal Financial Institutions Examination Council (FFIEC) was established in 1979 as a formal inter-agency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions. Although the FFIEC has resulted in a greater degree of regulatory consistency between the agencies, the rules and regulations are constantly changing. In addition to changing regulations, changes in the industry have led to consolidations within the Federal Reserve, FDIC, OTS, and OCC. Offices have been closed, supervisory regions have been merged, staff levels have been reduced and budgets have been cut. The remaining regulators face an increased burden with increased workload and more banks per regulator. While banks struggle to keep up with the changes in the regulatory environment, regulators struggle to manage their workload and effectively regulate their banks. The impact of these changes is that banks are receiving less hands-on assessment by the regulators, less time spent with each institution, and the potential for more problems slipping through the cracks, potentially resulting in an overall increase in bank failures across the United States. The changing economic environment has a significant impact on banks and thrifts as they struggle to effectively manage their interest rate spread in the face of low rates on loans, rate competition for deposits and the general market changes, industry trends and economic fluctuations. It has been a challenge for banks to effectively set their growth strategies with the recent economic market. A rising interest rate environment may seem to help financial institutions, but the effect of the changes on consumers and businesses is not predictable and the challenge remains for banks to grow and effectively manage the spread to generate a return to their shareholders. The management of the banks’ asset portfolios also remains a challenge in today’s economic environment. Loans are a bank’s primary asset category and when loan quality becomes suspect, the foundation of a bank is shaken to the core. While always an issue for banks, declining asset quality has become a big problem for financial institutions. There are several reasons for this, one of which is the lax attitude some banks have adopted because of the years of “good times.” The potential for this is exacerbated by the reduction in the regulatory oversight of banks and in some cases depth of management. Problems are more likely to go undetected, resulting in a significant impact on the bank when they are discovered. In addition, banks, like any business, struggle to cut costs and have consequently eliminated certain expenses, such as adequate employee training programs. Banks also face a host of other challenges such as aging ownership groups. Across the country, many banks’ management teams and board of directors are aging. Banks also face ongoing pressure by shareholders, both public and private, to achieve earnings and growth projections. Regulators place added pressure on banks to manage the various categories of risk. Banking is also an extremely competitive industry. Competing in the financial services industry has become tougher with the entrance of such players as insurance agencies, credit unions, check cashing services, credit card companies, etc. As a reaction, banks have developed their activities in financial instruments, through financial market operations such as brokerage and have become big players in such activities. https://en.wikipedia.org/wiki/Bank
Views: 149 Remember This
Hi, I am a London-based management consultant working in financial services. In videos of a few minutes in length, buzzwords in the business world are explained simply. These videos should be starting points for your own research on these topics if they spark your interest.
Views: 808 In 3 Minutes
This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of the world's economies) are, to varying degrees, Keynesian. When things go wrong, economically, the central bank of the country intervenes to try aand get things back on track. In the United States, the Federal Reserve is the organization that steps in to use monetary policy to steer the economy. When the Fed, as it's called, does step in, there are a few different tacks it can take. The Fed can change interest rates, or it can change the money supply. This is pretty interesting stuff, and it's what we're getting into today. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 856358 CrashCourse
Technological developments contribute to rapid changes in the financial services industry. Startups introduce new technologies and established companies adapt. How regulations are designed will in turn affect where innovations take place. Participants 02:55 Arnoud Boot, Professor of Corporate Finance and Financial Markets at the University of Amsterdam 43:40 Sara Öhrvall, Head of Digitalization, Customer Experience and Communication at SEB Group 52:50 Martin Andersson, partner at Oliver Wyman and former Director General of Sweden’s financial supervisory authority (FI) 1:02:47 Panel discussion The meeting is held in English and is moderated by Pehr Wissén, Ph.D. in economics, senior advisor, Swedish House of Finance at the Stockholm School of Economics.
Views: 90 SNSkunskap
Views: 11161 xCEEd Conference
While FinTech is revolutionizing the banking industry and giving millions of people access to financial services for the first time, new banking models are emerging with FinTech start-ups and tech firms potentially disrupting the status quo. But business schools and universities are not preparing future bankers for these changes, says FinTech thought leader Henri Arslanian. How can designers, programmers and creative thinkers help? Henri Arslanian started his career as a financial markets and funds lawyer in Canada and Hong Kong, after which he spent many years with UBS Investment Bank in Hong Kong. In recent years, he has been teaching graduate courses on Entrepreneurship in Finance at Hong Kong University as an Adjunct Associate Professor, and currently leads the first FinTech course in Asia. His latest book on Entrepreneurship in Finance will be published in late 2016 by Palgrave Macmillan. A member of the Milken Institute’s Young Leaders Circle, Henri is a regular keynote speaker globally on the topic of FinTech and hedge funds and currently sits on a number of finance, academic, civil society and FinTech related boards and advisory boards. Henri is fluent in English, French, Armenian, Spanish and conversational in Mandarin Chinese and has been awarded many academic and industry awards over the years, including the Governor General of Canada Gold Medal for Academic Excellence. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 321395 TEDx Talks
Nathan Willmott discusses some key regulatory developments for 2016, offering his opinion on the impact of new conduct rules under the Senior Managers Regime, PRA enforcement actions, the proposed changes in settlement discounts and the FCA’s use of concurrent competition powers. Join the conversion #EmergingThemes www.blplaw.com/emerging-themes
Views: 773 Bryan Cave Leighton Paisner
The General Data Protection Regulation, known as GDPR, is set to reform data protection in the UK and the EU, and even across the world. It aims to prevent huge data breaches and leaks - like what happened with the Facebook data scandal. (Click to subscribe for more Channel 4 News videos. https://www.youtube.com/channel4news?sub_confirmation=1) So what is GDPR and how will the 2018 data protection act affect you? This is the General Data Protection Act explained.
Views: 70506 Channel 4 News
Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN The US Congress has approved a bill which will roll back some banking regulations passed in the wake of the financial crisis. The Dodd-Frank rules aimed to avoid a repeat of the 2008 crash, and a bipartisan deal means that only some elements will be changed. Also today, Amazon has banned some users from the site for returning too many items. http://www.france24.com/en/taxonomy/emission/20550 Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://f24.my/youtubeEN Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en
Views: 467 FRANCE 24 English
MODULE A legal framework of regulation of banks control over organization of banks regulation of banking business returns inspection, winding up, mergers, and acquisitions public sector banks and cooperative banks financial sector legislative reforms recent legislative changes in RBI act financial sector development , Thanks For Watching.....:)
Views: 369 Sahil Singh
Big changes will be ushered into banking system starting today. A lot of changes were announced over the past two years with April 1, 2019, as the kick-off date. The market, the borrowers and the lenders have got ample time to adjust to it. So it is not as if they are springing a surprise. On Monday, you will see some major upheaval in the market on the back these changes. About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: http://www.cnbctv18.com/ Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action: https://www.cnbctv18.com/market/stocks/live-blog Follow experts on the most vital topics: https://www.cnbctv18.com/expert-views/ Subscribe to our daily newsletter: https://www.cnbctv18.com/newsletter/ Subscribe to our Channel: https://goo.gl/hKwgtm Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News
Views: 337 CNBC-TV18
Change in Bank Policies from 20 Jan 2018 Change in Banking 🏦 New bank policies New Rules & Regulations Charges for almost everything Plz share this information with everyone. Thanks for your love and support 😊
Views: 584 Rkinfo Zone
Free download of the ebook: http://cadmus.eui.eu//handle/1814/47745 This book discusses how the regulatory framework should respond to the profound changes which are impacting the world’s financial architecture, including the advent of innovative technologies, collectively known as FinTech, the issues related to regulatory arbitrage and the impact of Brexit on the European landscape. This publication contains the proceedings of the conference 'The Changing Geography of Finance and Regulation in Europe', which was held at the EUI in Florence, Italy, on 27 April 2017.
Views: 177 Florence School of Banking and Finance
Federal Reserve governor Daniel Tarullo was central to the implementation of the Dodd-Frank Act, which imposed tougher regulations on banks in the wake of the financial crisis. Though his term isn't up until 2022, Tarullo is now stepping down, just as President Trump is expected to scale back much of the regulation put in place. Tarullo joins economics correspondent Paul Solman for a conversation.
Views: 3731 PBS NewsHour
SBI 4 Big Changes New Rules 2018-2019 | State Bank Of India Latest News And Updates Today Hindi agar aapko ye video pasand aaye to please is video ko like aur share kijiye aur hamare channel ko subscribe kijiye. *THANK YOU* ----------------------------------------------------------- My New Youtube Channel(Please VisT) Shan Health Care https://www.youtube.com/channel/UCDvZ7sWJls2-aTXQZFf7SkA ------------------------------------------------------------- How To Apply SBI ATM Card Online Hindi Link- https://youtu.be/GoMX1xtwId8 ------------------------------------------------------------- *Queries solved* 1) sbi latest news and updates 2) sbi latest updates urdu 3) sbi latest updates 2018 4) state bank of india latest news 5) sbi New Rules Hindi 6) sbi New Rules 2018 7) sbi minimum balance rule in hindi 8) sbi mclr 9) sbi minimum balance rule 2017 in hindi 10) sbi home loan interest rate 2018 11) sbi education loan interest rate 2018 12) sbi latest news and updates in hindi 13) sbi fd interest rate 2018 in hindi 14) sbi net banking online registration 15) sbi buddy money transfer 16) sbi new atm card apply online 2018 #SBI , #SBIBUDDY -------------------------------------------------- Our Social media link *Like the Facebook Page: https://www.facebook.com/Howtosikhe *Follow on Google+: https://plus.google.com/howtosikhe1 *Follow on Twitter: http://www.twitter.com/howtosikhe *Follow on Instagram: https://www.instagram.com/howtosikhe ----------------------------------------------------------- Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."
Views: 26626 How to sikhe
US sharemarkets rose on Friday with investors encouraged by solid job growth in the latest month. Also the S&P financials sector rose 2% after US President Trump signed an executive order to scale back industry regulations. …… Visit CommSec http://www.commsec.com.au Follow Us On Twitter http://www.twitter.com/commsec Subscribe to CommSecTV http://youtube.com/subscription_center?add_user=commsectv Download the CommSec App https://www.commsec.com.au/features/mobile-trading.html Discuss the market in the CommSec Community. Log into your CommSec account, click on Community and Join In.
Views: 334 CommSecTV
March 18, 2011 - U.K. bank results for 2010 indicate an ongoing gradual recovery from the global financial crisis and recession. But how will impending regulation affect the sector's recovery? In this CreditMatters TV segment, Standard & Poor's Director Richard Barnes discusses the trends shaping the U.K.'s banking sector and the potential effects regulatory changes could have on banks' operations.
Views: 68 S&P Global Ratings
As long as #TooBigToFail banks, Tax havens, Shadow banking ...are legal we will have a very hard life. We need regulatory measures to re-inject ethics in banking but that also change the banking regulations to integrate Ethical risk, climate risk and all externalities within the banking practices. Christian Felber (Economy for the Common Good) at the Ethical Banking Works! conference, 5th March 2018 About the event: http://finance-watch.org/our-work/events/1509-ethical-banking-works About the debates (FR): http://finance-watch.org/informer/blog/1556-banque-ethique-finance-saine?lang=fr Follow us: https://twitter.com/forfinancewatch https://www.facebook.com/financewatch
Views: 205 Finance Watch
Chris Steele, Director, KPMG UK, discuses changes in regulation, data and compliance.
Views: 27 KPMGinBermuda
Hello Friends after the Demonetization there are many changes in Banking Rules and Regulations, so in this video We explained how to Online Apply from Home for New ATM/Debit Card Global in SBI banks. This is latest video and all the changes are explained in very simple language so i hope you will all like and share this video. If you want to watch more Banking Related Videos the following is the Link of our Playlist of Banking Work from Home :- https://www.youtube.com/playlist?list=PLWEzIYvioRpYD4st6djSAFkVxQHwG9G8E When there are some Questions in your mind about Technology, Android Phone and all online works then search our channel COMPUTERGURUJI.See Something Techy see something New. I hope you will like this video and if you like our video then please SUBSCRIBE our channel, Subscription if totally FREE and your every subscription is Golden Coin for our Team.If you have any query and suggestions then please comment on the comment box and don't forget to Like and Share our videos with your Near and Dear. Guys you can follow us on all social media by clicking the following links:- Subscribe https://www.youtube.com/computerguruji YouTube https://www.youtube.com/computerguruji Instagram https://www.instagram.com/computerguruji Twitter https://twitter.com/computergurujee Facebook https://www.facebook.com/Computergurujee Blogspot http://computergurujee.blogspot.in Guys you can see our previous videos just click on following Link of videos.... How To Start Online Earning from Youtube Channel by linking it with Google AdSense Account https://youtu.be/TzTAIzbMOmg How to Earn Online without any investment (100% Genuine with Proof) https://www.youtube.com/watch?v=-A6Of5EfGVA How to get Benefits of Earning from Paytm along with Recharge-Advantages of Using Paytm https://www.youtube.com/watch?v=3GtdipkR7O0 Online Flight Booking in Easy & Simple way from Home https://www.youtube.com/watch?v=hsz-qXXrHpQ Book Online Confirm Tatkal Railway Tickets in 30 Seconds Only. https://www.youtube.com/watch?v=hOz-pmOIbtQ How to Create your own Youtube Channel https://www.youtube.com/watch?v=xPjZo04v1ZQ Online PAN Card Making from Home https://www.youtube.com/watch?v=1naaNlkrOl0 You Can Buy Online from Following Links of Amazon-Best Shopping Plateform :- Buy Best Priced Mi Band HRX Edition https://goo.gl/LfNYLu Fanideaz Men’s Full Sleeve Diamon Cut Bomber Jacket Neck Zipper Sweatshirt for Winter https://goo.gl/ZFCT3Q Buy the Best and Cheap Mobile Redmi 4 (Black, 16 GB) https://goo.gl/jNiohn Buy Sony HDRCX405 9.2MP HD Handycam Camcorder with Free Carrying Case (Black) https://goo.gl/Ky2ZWc Seagate Backup Plus Slim 1TB Portable External Hard Drive with Mobile Device Backup (Black) https://goo.gl/tSkTmf Philips Xenium S309 And Other Smartphones |Tablet Compatible B-20 Noise Cancelling Bluetooth Headphones with Microphone Hi-Fi Deep Bass Wireless Headphones Over Ear, Comfortable Earpads, Long Playtime For Travel |Work | TV |Computer (Silver) https://goo.gl/GJKTZ9 HP 15q-BU004TU 2017 15.6-inch Laptop (6th Gen Core i3-6006U/4GB/1TB/Free DOS/Integrated Graphics) https://goo.gl/zDEhWd Dell Inspiron 15.6 3552 15-inch Laptop (Pentium N3710/4GB/500GB/Ubuntu Linux 14.04/Integrated Graphics) https://goo.gl/o8w9CK Lenovo Ideapad 110 80T70015IH 15.6-inch Laptop (Pentium N3710/4GB/1TB/DOS/Integrated Graphics) https://goo.gl/5gzkac RDP ThinBook - 11.6 inch Laptop (Intel 1.92GHz Quad Core/2GB RAM/32GB Storage/Window10 https://goo.gl/LXfeiG Espoir Analogue Blue Dial Men's Watch- ESP12457 https://goo.gl/cjSu1K Intex IT-2616SUF-OS 4.1 Computer Multimedia Speakers (Entry Level Speaker) https://goo.gl/pC2G8n Asian Shoes Wonder 13 Grey Firozi Men's Sports Shoes https://goo.gl/ysgnes RTI Online Submitting Easy way in Hindi https://www.youtube.com/watch?v=ymR3j-c55Es SUBSCRIBE + LIKE + COMMENTS + SHARE with your friends and family. BESIDE THIS THERE ARE A LOT OF MORE VIDEOS, FRIENDS JUST SUBSCRIBE COMPUTERGURUJI CHANNEL AND LEARN A LOT!!!!!!!!!!!!!!!!!!! Thanks for Reading and watching ComputerGuruji Channel. DISCLAIMER: This Channel Does Not Promote Any illegal content , all contents provided by This Channel is meant for EDUCATIONAL purpose only . Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. Yours Truly Sunit Kumar Bajgal (it76-sunitkb) #computerguruji
Views: 4370 COMPUTER GURUJI
Shadow banking institutions are like regular banks: they provide credit and capital for companies and investors. But unlike regular banks- they don't take deposits. CGTN's Ahmad Coo explains.
Views: 327 CGTN America
There has been a substantive change in the regulation of banks and major securities dealers in the wake of the global financial crisis. Douglas Elliott of the Brookings Institution, at a seminar at ADBI, highlighted some of the major developments and their likely effects on credit provision through banks and the markets and on financial market liquidity.
Views: 228 Asian Development Bank Institute
Howard Hall, Managing Director at CHyp USA The General Data Protection Regulation (GDPR), Open Banking and European 2nd Payments Service Directive (PSD2) will result in significant internal and external changes to the way banks operate. Internally banks need to think about where personal data is stored and how it is managed. Externally banks are being forced to open up APIs that will give third parties permissioned access to customer and transaction data. To turn this into an opportunity banks should become identity providers. This talk will explain why this is the case and explore how a bank-led digital identity eco-system could evolve.
Views: 714 Identiverse
BOOK REVIEW TRANSACTION BANKING AND THE IMPACT OF REGULATORY CHANGE Basel III and Other Challenges for the Global Economy By Ruth Wandhofer Palgrave Macmillan ISBN: 978 1 13735 176 0 www.palgrave.com REGULATING TRANSACTION BANKING: A LEADING AUTHORITY SPEAKS OUT An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers Banking is arguably that area of financial services which links most frequently with the law. Published by Palgrave Macmillan, this important book by Ruth Wandhofer discusses in depth and with refreshing clarity, the regulatory reform process which, in her words ‘plays the important role of stabilising the banking industry with a view to significantly reducing the risk of future crisis.’ The crisis referred to is, of course, the worldwide financial meltdown that raised its head in 2007 and which, among other consequences, has generated a plethora of banking regulation designed to prevent such crises happening in the future. But has all this regulatory zeal been uniformly a good thing? Has the regulation of deposit-taking institutions actually, as the author describes, ensured ‘the safety of customer deposits and the stability of the financial system’? Or have certain unintended consequences been created as well? In examining the answers to these key questions, Ruth Wandhofer looks at what she terms ‘two building blocks: regulatory reform and transaction banking.’ Within these two parameters there is of course an astoundingly wide spectrum of issues which continue to impact on the banking industry worldwide such as structural reform, limitation on certain bank activities, the issue of centralized supervision, the problem of ‘too big to fail’ banks and so forth – and these are only a few examples of the areas discussed. The banking industry -- transaction banking in particular -- impacts on all of us and provides a fascinating subject for scrutiny. Certainly Ruth Wandhofer is impressively well qualified to explain its complexities, being a regulatory expert and top authority on transaction banking regulatory matters. Among an astonishing array of qualifications, Ruth chairs the EU-wide Payments Regulatory Expert Group and is also chair of the European Payments Council Information Security Group. Currently she is Global Head of Regulatory and Market Strategy for Citi’s Treasury and Trade Solutions business. Writing in the Foreword, Victor Constancio, Vice President of the European Central Bank, refers to this book as ‘an essential navigation tool’ to enable understanding of ‘the key measures imposed by the regulatory reform of the banking industry and their impacts on banks, their customers and the broader economy.’ And essential it is, both for those involved in the banking industry and those who aren’t. ‘Banking,’ says the author, ‘has been public enemy number one for the last few years’ with little said ‘about the relevance of banking to the real economy’. Here at last is a book which does just that, with gravitas, erudition and panache. It does indeed explore the regulatory landscape in detail, including the set of regulatory measures known as ‘Basel III’. As accessible to lay readers as professionals, this is a book that speaks with authority to academics, researchers and students, as well as legal practitioners and indeed anyone involved in the financial services industry. If you wish to enhance your understanding of the ins and outs of banking, you’ll need to rush out and order it now. The publication date is cited as at 2014.
Views: 107 Phillip Taylor
In this month’s episode of CU RegRefresh, CCUL Compliance Department's Allison McClellan breaks down the recent amendments made to Reg CC also known as the Expedited Funds Availability Act. This act sets certain standards for endorsements on checks that are paid by financial institutions. Resource Links: Treliant, Regulation CC: Check This Out (https://www.treliant.com/News-and-Events/Articles-and-Insights/Article-Details/ArticleID/27441/Regulation-CC-Check-This-Out-David-McCrea) CU Resources, What’s Changing with Reg CC? (http://www.curesources.coop/blog.html?action=topic&topicId=6b9483f9-1e9f-45f2-bebb-7a499277c76b) CUNA, Final Rule Analysis – Reg CC (https://www.cuna.org/uploadedFiles/Compliance/Reg-CC-July-2017.pdf)
Views: 322 Carolinas Credit Union League
Banking has changed drastically since 2008. Fast forward to 2017, DFAST, CCAR are some acronyms that come to light which all have to do with Basel, stress testing, loss and revenue estimations and capital requirements. What are some of the changes you need to be aware of if you are an intermediate holding company (IHC) operating in the US? What impact can you make if you are in one of the three lines of defense? In this 60-minute webinar, Brian Chung, Senior Product Manager at ACL and Richard Dean Pradas, AVP at Barclays, will cover the financial crisis of 2008 and it's impact on banking and how to leverage technology for compliance.
Views: 2789 Galvanize
Learn more at https://bigdeal.ft.com/ There was a time for bankers working in M&A where big was beautiful. But this all changed after the financial crisis, as the FT’s James Fontanella-Khan explains. Tougher regulations and more controls on pay packages prompted a wave of bankers to set up their own boutique firms, which today control over 30 per cent of M&A fees.
Views: 17134 Financial Times
Ghiyazuddin A. Mohammad, Manager – Digital Financial Services at Microsave, talks about the changing regulatory environment for digital financial services (DFS) / branchless banking in Indonesia. Regulators have played a critical role in achieving the objective of financial inclusion in Indonesia. OJK (Otoritas Jasa Keuangan), the newly created financial services authority to regulate and supervise financial services activities in banks/financial institutions, issued branchless banking regulations in the last quarter of 2014. In this podcast, Ghiyaz talks about enabling and restrictive clauses of the regulation.
Views: 1584 MicroSave
A decade after the financial crisis, the chiefs of the largest U.S. banks faced a grilling from lawmakers on everything from income inequality to their ties to politically controversial industries. The spectacle -- meant to send a message that the Democratic-controlled House is ratcheting up oversight of the industry -- was enough to bring Lloyd Blankfein, who stepped down as chief executive officer of Goldman Sachs Group Inc. last year, off the sidelines. “Boy, I really miss my old job!!!,” he wrote on Twitter. With lawmakers on the Financial Services Committee each getting five minutes to speak, the seven bank executives were consistently cut off while trying to answer a barrage of quick and often unconnected questions. Topics spanned the political and banking spectrum, as ranking member Patrick McHenry called the gathering “a hearing in search of a headline.” The roughly six hours of testimony touched on the financial crisis, probes, capital rules, wages, interest rates, the economy, the Federal Reserve, China, climate change, gender equality, diversity, cybersecurity and cryptocurrencies, as well as how banks serve rural areas, small businesses, millennials, immigrants in the DACA program, gunmakers, prisons, fossil-fuel companies, car buyers, home buyers and people living in Guam. Among the more dramatic moments, Texas Democrat Al Green asked the lineup of white, male CEOs whether any thought their successor is “likely” to be a woman or member of a minority group. As five raised their hands, JPMorgan Chase & Co. CEO Jamie Dimon shook his head, unfolded his arms and looked over at Morgan Stanley’s James Gorman, the only other executive who kept his arm down. Green moved on to a question about banks and slavery before the CEOs could elaborate on their gestures. All of them committed to turning over diversity plans to the panel, with Gorman saying he’s focused on creating a sense of “belonging” at his firm. The CEOs also took turns fielding questions about appointments President Donald Trump has said he’ll make to the Fed board. Most of the executives said it’s important the Fed remain politically independent. Dimon noted he has enormous faith in Fed Chairman Jay Powell, but said some beliefs expressed by Heritage Foundation economist Stephen Moore would give him pause. There were also a few announcements: Dimon said JPMorgan would consider developing a firm policy on dealing with gun manufacturers and supporting reform to overdraft fees. State Street Corp. CEO Ron O’Hanley called cyber risk a “clear and present danger” that requires banks and regulators to cooperate. Yet by the end, the proceedings hadn’t resulted in any meaningful calls for new legislation, or pledges by bank leaders to make dramatic changes. The executives said they will clarify their stances on dealing with industries like firearms manufacturers and coal miners, and said they will fine-tune policies that currently require customers to settle disputes through arbitration instead of taking them to court. Shares of all seven companies represented at the hearing climbed, adding about $6 billion to their total market value. It was a move similar to when Blankfein famously faced a Senate hearing nine years ago, watching his company gain $549 million as lawmakers took turns lashing its business. If lawmakers sought to bring the leader of a major bank down a notch, their decision to host seven at once made it harder. Because of scheduling conflicts, Wells Fargo & Co. sent then-CEO Tim Sloan to field questions by himself at a hearing before the same committee last month, where he endured more than four hours of questions about his efforts to fix consumer abuses. Sloan abruptly resigned days later, saying he didn’t want his leadership to be a distraction for the company. On Wednesday, lawmakers repeatedly bemoaned the difficulty of digging into weighty industry issues in the time allotted. At one point, Wisconsin Republican Sean Duffy asked if he could have 10 seconds back after the committee’s chair, Maxine Waters, interjected to ask Bank of America Corp.’s Brian Moynihan to speak louder. Many questions were aimed at Dimon, who runs the nation’s largest bank and was first to enter the room. Waters opened the session by addressing a running joke in Washington that other CEOs might skate through by letting him do all the talking. Everyone would needs to speak for himself, she said, quipping, “We know he’s smart.” Katie Porter, a freshman Democrat from California and former consumer-protection lawyer, pressed Dimon on behalf of a mother working in a Chase branch and struggling to make ends meet. But the exchange was interrupted when Porter was barred from holding up a small whiteboard to lay out the family’s finances. Dimon said he would be happy to give some advice to the employee. Read more: https://www.bloomberg.com/news/articles/2019-04-10/bank-ceos-grilled-by-lawmakers-as-blankfein-quips-from-sidelines?srnd=premium
Views: 20161 TicToc by Bloomberg
The Trump Administration has set the stage for the implementation of significant regulatory reform in 2018. With the installation of Trump Administration appointees to lead the banking, securities and consumer protection agencies, a comprehensive Treasury review of financial reform objectives, significant legislation being considered on the Hill and the mid-term elections looming, there is sure to be a give-and-take on prioritizing the reforms that get done in 2018. Topics include: Volcker Rule reforms The future of FSOC, SIFI designations and the Orderly Liquidation Authority The SEC’s regulatory agenda, including the derivatives proposal Regulation of the asset management industry The Department of Labor’s fiduciary duty rule, and possible upcoming SEC coordination Housing finance and the future of the GSEs Changes to the enhanced prudential regulation of large banks and community bank regulatory relief The Financial CHOICE Act and other financial services legislation The impact of the Congressional Review Act The Future of the CFPB
Views: 410 Dechert LLP