The rise of the challenger banks and the customer experience they have been offering has been one of the main points of disruption. Firms from all over the world exist to help resolve the question of tax compliance. TAINA can help banks
The Prudential Regulation Authority (PRA) has recently written a “Dear CEO” letter, intended to outline the Authority’s priorities for international banks that operate in the UK. The letter was sent to “the wide and diverse range of international banks that [the FCA] supervises” and helps such organisations identify and manage potential risks.
How much of the Ghislaine Maxwell trial affected the exit of previous CEO, Jes Staley, is hard to say. But today is all about the new CEO of Barclays. Coimbatore-Sundararajan “C. S.” Venkatakrishnan, or 'Ventak'.
Who are the most notorious rogue traders? Do their stories share common features? Is the phenomenon of "rogue trading" an inherent part of the industry, or can better regulation and workplace culture protect against such activity?
Just as Reddit users drove prices of GameStop and Robinhood stock, the same is the case in crypto. Today, Matt Damon is the face of Crypto.com. Not to mention Kim Kardashian…
Binance is facing a class action lawsuit in Illinois, which alleges that the world’s largest cryptoexchange has unlawfully collected its users’ biometric data.
Coinbase have had lower than anticipated sales and marketing expenses in Q3, the report continues. They anticipate that sales and marketing expenses will be approximately 10% of net revenue for full-year 2021. Compared to what the firm spends on technology and development, marketing is less than 7% of that amount today, let alone of the net revenue.
The BIS Innovation Hub’s geographic footprint is growing to include centres in London, Toronto, Stockholm, Paris and Frankfurt, as well as a strategic partnership with the Federal Reserve Bank of New York.
“‘Operational resilience’ is the ability of firms and the financial system as a whole to absorb and adapt to shocks, rather than contribute to them… Extending beyond business continuity and disaster recovery, firms must have plans in place to deliver essential services, no matter what the cause of the disruption.”
A majority of our net revenue is derived from transactions in Bitcoin and Ethereum. If demand for these crypto assets declines and is not replaced by new crypto asset demand, our business, operating results, and financial condition could be adversely affected.
The FCA alleges that increasingly large cash deposits were made into the customer’s accounts. It is alleged that around £365 million was paid into the customer’s accounts, of which around £264 million was in cash.
The $10 billion or so of assets that Greensill sourced for the bank’s clients is not a substantial amount of exposure, but it is still a problem Credit Suisse could do without.
Warren’s critique of Robinhood and Citadel Securities is not a unique issue, but is a forebearer of things to come during the pro-regulation Biden administration.
Alongside the Thematic Review, IOSCO and the Financial Stability Board (FSB) are currently conducting a joint analysis of the availability, use and impact of liquidity risk management tools for open-ended funds (OEFs).
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