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14 Dec 2020, 8:50 pm by Simon Lovegrove (UK)
On 11 December 2020, the Bank of England (BoE) published its latest Financial Stability Report. [read post]
14 Dec 2020, 8:50 pm by Daniel Nevzat (UK)
This is in addition to additional customer services points permitted for UK retail banks already operating in Singapore, as part of this agreement. [read post]
14 Dec 2020, 7:47 am by Yaya J. Fanusie
Compared to physical cash, CBDCs will in certain respects make it easier for regulators to fight money laundering, and key technical aspects of CBDCs will hinder some traditional illicit financial techniques. [read post]
13 Dec 2020, 3:25 am by Rob Robinson
The following listing highlights key industry business moves by sharing the announcement date, parties involved, and amounts (if available) of significant eDiscovery-related mergers, acquisitions, and investments. eDiscovery Mergers, Acquisitions, and Investments Event DateAcquired (Investee)Acquirer (Investor)Amount (Estimated $) 4-Dec-20Nuix LImited (NXL) - IPOAustralian Stock Exchange (ASX) 3-Dec-20AccessDataExterro 1-Dec-20CicaydaTCDI 12-Nov-20Hyperion Global PartnersEpiq… [read post]
12 Dec 2020, 7:37 am by Brad Schnure
Will the departments have enough authority to prevent affiliated, but legally separate entities, from unreasonably compensating officers or key employees of Horizon? [read post]
12 Dec 2020, 4:58 am by Dan Harris
It started the day in December 2008 when I found my bank account frozen. [read post]
11 Dec 2020, 8:50 pm by Jochen Vester (UK)
The cumulative results of the  report are not directly comparable to those of the CfA report, as they are based on slightly different samples (composition and size) and two key methodological differences. [read post]
11 Dec 2020, 4:50 pm by Amy Howe
The Supreme Court on Friday rebuffed Texas’ request to overturn the results of the 2020 presidential election in four states – Georgia, Michigan, Pennsylvania and Wisconsin – that provided key electoral votes to President-elect Joe Biden. [read post]
11 Dec 2020, 7:29 am by John Jascob
In concluding that these activities are a modern form of traditional bank activities related to custody, the OCC noted that because the underlying keys to a unit of cryptocurrency are essentially irreplaceable if lost, owners may lose access to their cryptocurrencies if they misplace their keys. [read post]
11 Dec 2020, 6:43 am by Abby Lemert, Eleanor Runde
On Nov. 30, Guo Shuqing, secretary of the Party Committee on the Central Bank and chairman of the China Banking and Insurance Regulatory Commission, warned that the real estate sector represents one of China’s most significant financial risks. [read post]
11 Dec 2020, 6:01 am
Stulz (The Ohio State University), on Tuesday, December 8, 2020 Tags: Banks, Conflicts of interest, Financial institutions, Institutional Investors, Investment banking, Peer groups, Reputation, Retail investors, Stock analysts Some Thoughts for Boards of Directors in 2021 Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Tuesday, December 8, 2020 Tags: Boards of Directors, Climate… [read post]
11 Dec 2020, 6:01 am by Bob Ambrogi
Our bank account is running out, and we must cease operations in the New Year. [read post]
Singapore’s key financial industry committees, the Association of Banks in Singapore (ABS), the Singapore Foreign Exchange Market Committee (SFEMC) and the Steering Committee for SOR & SIBOR Transition to SORA (SC-STS) (together, the Committees) have released their responses to the feedback received on the report “SIBOR Reform and the Future Landscape for SGD Interest Rate Benchmarks” (Report, published on 29 July 2020). [read post]
10 Dec 2020, 8:54 pm by Hannah Meakin (UK)
On 9 December 2020, the Bank of England (BoE) published a speech from Andrew Hauser (Executive Director, Markets) entitled Bowing out gracefully: LIBOR’s retirement draws near. [read post]
10 Dec 2020, 7:13 pm by Adam Levitin
Even when there was postal banking, it never included credit or even payments that posed temporary credit risk—the postal bank accounts weren’t checkable, but were passbook accounts. [read post]
10 Dec 2020, 8:56 am by Kristian Soltes
Reserve Bank of Australia governor Philip Lowe raised concerns regarding mobile wallet competition. [read post]
10 Dec 2020, 6:48 am by Joseph J. Lazzarotti and Maya Atrakchi
The BIPA has several key features: • Informed consent prior to collection • Limited right of disclosure of biometric information • Written policy requirement addressing retention and data destruction guidelines • Prohibition on profiting from biometric data. [read post]