The European Central Bank (ECB) has imposed administrative penalties of €420,000 on Allied Irish Banks plc and €195,000 on its subsidiary EBS dac after the banks miscalculated their risk-weighted assets for intragroup equity exposures.
Derivatives markets are being transformed by regulatory change and the adoption of SaaS analytics. As part of ION Markets, Clarus will offer its SaaS analytics products for real-time margin and risk management of both cleared and uncleared OTC derivatives.
Bank of America’s senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise; and more diversity of gender and race than ever before in the company’s history.
In a world that’s changed overnight, banks that find a secure way to provide digital services, from everyday customer support to KYC, will come out ahead in the race to keep customers loyal. Traditional financial institutions who don’t adapt risk losing current customers and being unable to attract new clients.
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