Wall Street is on borrowed time. For years, banks have relied on encryption to protect trillions of dollars in daily transactions. But with quantum computing …
The European Central Bank (ECB) sees no need to extend beyond December 2021 the liquidity relief measure that allowed banks to operate with a liquidity ...
For the challenger banks, winning customers from entrenched incumbents will not be easy. New entrants such as Bank Zero and Discovery Bank have been targeting ...
The European Central Bank (ECB) sees no need to extend beyond December 2021 the liquidity relief measure that allowed banks to operate with a liquidity coverage ratio below 100%.
For the challenger banks, winning customers from entrenched incumbents will not be easy. New entrants such as Bank Zero and Discovery Bank have been targeting millennials with mobile banking offers but to date have failed to really take off, Mokgabudi says.
This week Moody’s Investors Service has published new data showing that G20 financial institutions have nearly $22 trillion of exposure to carbon-intensive sectors.
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) today published a joint report that takes a closer look at how a broadened set of climate change drivers affects millions of global firms and thousands of financial firms in the European Union (EU)
Luxembourg has positioned itself over many years as Europe’s UCITS (Undertaking of Collective Investment in Transferrable Securities) processor-in-chief, as well as more recently for European Long-Term Investment Funds (ELTIFs).
The number of banks that foster a culture of sustainability and which have updated their governance structures accordingly is up by half (51%) while there is a similar increase (45%) in the number of banks which now align their disclosures with ESG reporting standards.
Currently holding the lowest reputation score among all banks in the US, Wells Fargo experienced the largest decline in brand value – dropping two places to seventh overall, and third in the US – the result of failing to rebuild favour among customers in the wake of several past scandals.
Accepting illiquidity risk can give very high returns, so many investment banks are also involved in this area. And, just like any other area that Investment banks operate in, there is scope for improvement. Much of the work is still manual and telephone based and there is need for both automation and better analytics.
Frankfurt saw the potential for 10,000 jobs moving to the city. So, where are we now? Coronavirus continues to cast a cloak of uncertainty over everything
Whether we look to the firing of traders by JP Morgan in April, or financial institutions fining bankers for data breaches – such as a former managing director at Jeffries who was fined over £37,000 for sharing confidential client information over WhatsApp – the importance of compliance monitoring is indeed large.
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