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A fintech seeking a special purpose national bank charter also must, among other obligations: Comply with capital and liquidity requirements commensurate with its size and the complexity of its proposed activities; Develop a contingency plan to remain viable under significant financial stress; and Be prepared to pay assessments imposed by the OCC that will take into account the fintech’s assets and activities. [read post]
7 Aug 2018, 9:07 am by John Jascob
In one instance, the House of Representatives passed a package of securities and banking bills that will make it easier for smaller companies to raise capital funds. [read post]
6 Aug 2018, 11:03 pm by Ben Reeve-Lewis
In a report published in March 2018 on staffing levels among council EHOs Dr Stephen Battersby reveals that there is only an estimated average of 2.46 EHOs in London per 10,000 PRS properties and only 2.2 outside the capital. [read post]
6 Aug 2018, 8:38 pm
  It was about at that time that the realities of globalization, with its effectively free movement of goods, investment and capital, appeared to explode onto the consciousness of influential people inside the academy, government, civil society and enterprises. [read post]
6 Aug 2018, 12:57 am by Martin Krause and Simon Lovegrove
In terms of BD / AI impact on the financial system the study finds that: capital markets are ahead of banks and insurance companies in terms of BD / AI usage. [read post]
3 Aug 2018, 11:55 am by IncNow
For example, if you want to form ABC Capital, LLC, but there is already an ABC Capital, Inc., that would present a conflict making the proposed name unavailable. [read post]
3 Aug 2018, 6:10 am
Silverman, Cleary Gottlieb Steen & Hamilton LLP, on Monday, July 30, 2018 Tags: Broker-dealers, Exchange Act, Investment banking, Janus Capital v. [read post]
3 Aug 2018, 3:46 am by Simon Lovegrove
The FCA is not proposing to apply any home Member State rules which relate to capital and related requirements. [read post]
2 Aug 2018, 8:54 am by CrimProf BlogEditor
Sean Hundtofte and Ville Rantala (Federal Reserve Bank of New York and University of Miami) have posted Anonymous Capital Flows and U.S. [read post]
1 Aug 2018, 11:52 am by Victoria Clark
Manafort faces bank and tax fraud charges related to a series of foreign bank accounts that he used for his political consulting work in Ukraine. [read post]
1 Aug 2018, 3:25 am by David Kopel
At the time, the land that would become the State of Colorado was part of four territories: Kansas (whose capital was Topeka), Utah (Salt Lake City), New Mexico (Santa Fe), and Nebraska (Omaha). [read post]
30 Jul 2018, 6:01 am by Jack Prettejohn
In CP17/18 the PRA proposes to update its expectations in Supervisory Statement 11/13: Internal Ratings Based approaches to implement the European Banking Authority’s (EBA) regulatory products that relate to the definition of default. [read post]
30 Jul 2018, 6:00 am by Simon Lovegrove
Changes have been made to the following instruments: FCA Recognised Industry Codes (DEPP and EG) Instrument 2018; Benchmarks Regulation (Amendment) (Financial Ombudsman Service) Instrument 2018; Insurance Distribution Directive (Amendment) Instrument 2018; Banking (Information about Current Account Services) (Amendment) Instrument 2018; Listing Rules and Disclosure Guidance and Transparency Rules (Miscellaneous Amendments) Instrument 2018; Enforcement (Social Entrepreneurship Funds, Venture… [read post]
30 Jul 2018, 3:03 am by Broc Romanek
And last week, the Senate Banking Committee held a confirmation hearing. [read post]
29 Jul 2018, 10:10 am by Tom Smith
Baku, the capital, a city of approximately two million people, is a brash glam cesspit of new construction—newly stalled since the global banking crisis and again, since oil and gas have plummeted—surrounded by ruined farmland. [read post]
29 Jul 2018, 4:05 am by Steve Brachmann
At the time of this writing, Tesla shares were in the $310 price range despite predictions from major investment bank Goldman Sachs that Tesla may need to raise up to $10 billion in capital over the next two years to remain in operation. [read post]
27 Jul 2018, 9:15 am by John Jascob
On the domestic front, clearinghouses are facing the challenge of explaining why they should not be treated like banks for purposes of “too big to fail” bank capital and wind-down regimes. [read post]
27 Jul 2018, 6:00 am
Callahan, Arnold & Porter Kaye Scholer LLP, on Friday, July 20, 2018 Tags: Janus Capital v. [read post]
25 Jul 2018, 6:02 am
The main idea is that global systemically important banks (G-SIBs) are required to issue a sufficient amount of “total loss absorbing capital” (TLAC) in the form of subordinated long-term or equity. [read post]