Traditional banks can be the 'trusted face' of fintech and online finance firms

Traditional banks see online payment and financial services providers as their biggest threat, but they can still be a part of the shift to digital banking because of their status as regulated institutions that have the trust of customers and authorities, according to banking software provider Temenos. In a recent survey of 400 banking executives, […]

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Banking and finance column: Horizon shares split three for two

[unable to retrieve full-text content] Banking and finance column: Horizon shares split three for two  FW Business Full coverage Source link

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22000 Prudential customers hit by excess GIRO debits

Sat, May 26, 2018 – 5:50 AM Singapore SOME 22,000 Prudential customers in Singapore were affected by a “technical glitch” on Thursday evening that led to what is likely an unprecedented error in deductions of monthly insurance premiums, the insurer said on Friday. The excess deductions were refunded within 24 hours. Because the all-crucial decimal […]

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EU finance ministers strike deal to make banks less risky

EU finance ministers have reached a deal to toughen regulation of the continent’s banks, meeting a key German condition for any broader agreement on eurozone reform. Ministers hailed the agreement as a stepping stone towards satisfying demands from Berlin and other northern eurozone members for more risk reduction in Europe’s banking system, which these countries […]

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EU finance ministers strike deal on overhaul of banking capital rules

BRUSSELS (Reuters) – European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc’s financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. FILE PHOTO: European Union flags flutter outside the European Central Bank (ECB) headquarters […]

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China issues revised guidelines for banks' liquidity risk management

Fri, May 25, 2018 – 4:32 PM [BEIJING] China’s banking and insurance regulator issued revised guidelines on Friday for commercial banks’ liquidity risk management, part of efforts to improve supervision and risk control in the country’s financial sector. Commercial banks’ high quality liquidity asset adequacy ratio should reach 80 per cent by the end of […]

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EU Banking & Finance Regulatory Newsletter

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra: Privacy Policy (Updated: October 8, 2015): hide JD Supra provides users with access to its legal industry publishing services (the “Service”) through its website (the “Website”) as well as through other sources. Our policies with regard […]

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World's most profitable banks can be found in India

Fri, May 25, 2018 – 11:16 AM [BLOOMBERG] India’s economic and credit slowdown is revealing the strengths and weaknesses of its banking sector. Roiled by unprecedented frauds and surging bad debt, the nation’s state-run banks have returned the least to investors this year. However, investors’ belief in the potential of Asia’s No 3 economy shows […]

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Trump signs Dodd-Frank rollback as deregulation push continues

Fri, May 25, 2018 – 6:57 AM [WASHINGTON] US President Donald Trump on Thursday signed into law the first major rollback of the post-crisis banking regulations following after Congress approved the legislation this week. The law frees thousands of small- and medium-sized banks from the regulatory scrutiny and stress testing created under the Dodd-Frank Wall […]

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Funds from land deal used to pay 1MDB dues

Fri, May 25, 2018 – 5:50 AM Kuala Lumpur THE government of former Malaysian prime minister Najib Razak used funds from deals with the central bank and the sovereign wealth fund to pay for some of the liabilities of beleaguered state fund 1Malaysia Development Berhad (1MDB), sources with knowledge of the matter told Reuters. The […]

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