Reg Rage – The Banker
Reg Rage is a monthly column discussing the good and the bad in regulation affecting the banking and finance world.
How US banks can build trust through sustainable action
Sep 24, 2024 · When banks help customers achieve financial stability, it opens doors to deeper conversations about sustainable choices. The results speak for themselves. The banks we’ve worked with are seeing increased customer engagement, deeper loyalty and positive impacts on their bottom line. Because, as it turns out, when you help your customers align ...
The Banker’s Top 30 Indian Banks 2024
Sep 30, 2024 · Three banks saw their pre-tax profits fall, with Punjab & Sind Bank recording the biggest decline of 42.95 per cent. Rounding out the top 10, Bank of India climbed up to 10th from 11th last year, with a 19.42 per cent increase in Tier 1 capital, pushing IndusInd Bank down to 11th, after the bank only saw a 8.55 per cent increase in Tier 1 capital.
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Banks optimistic on meeting ISO 20022 deadline, but challenges …
Oct 3, 2024 · Banks must ensure that by November 2025 all payments messages between banks, both for sending and receiving, are based on ISO 20022. As of August 2024, the current adoption rate of ISO 20022 stands at only 26.4 per cent, a small increase from about 20 per cent at the end of October 2023. “Banks may have encountered economic, logistical or ...
Risk Management – The Banker
How can technology aid the modern chief risk officer? Having one enterprise-wide system to address the litany of risks that a CRO has to deal with may be a pipe dream, but emerging technologies could make the job a bit more manageable.
UK T+1 group says its planned post-trade code of conduct ‘should …
Sep 27, 2024 · The T+1 Technical Group said compliance with the final recommendations — to be published in January — “should not be optional” and should instead constitute a post-trade code of conduct to which all UK market participants would be expected to adhere. Jurisdictions are increasingly moving to shorten the settlement cycle from two days ...
Explainer: TD Bank’s future after unprecedented money …
Oct 14, 2024 · TD Bank’s penalties follow multiple investigations into the bank’s failure to monitor approximately $18.3tn worth of customer activity between January 2018 and April 2024, which enabled three money-laundering networks to launder more than $670mn through the bank. Authorities started to probe the bank’s internal controls after it was ...
Singapore issues new recommendations to tackle its money …
Oct 9, 2024 · The central bank’s Inter-Ministerial Committee last week published the results of its review of the country’s anti-money-laundering framework and announced a new set of recommendations for financial institutions to “enhance their controls” and support their collaborative efforts with other players to tackle suspicious transactions.
Explainer: What Unicredit’s move for Commerzbank say about …
Sep 13, 2024 · UniCredit has requested authorisation from the European Central Bank to move beyond a 10 per cent stake in Commerzbank, which could pave the way for further “stake building” in the German bank, said Marco Troiano, head of financial institution ratings at Scope Ratings. “It is a signal that the Italian bank wants to keep its options open ...