PYMNTS

DECEMBER 18, 2019

A Swedish regulator has opened an investigation into SEB, one of Sweden’s largest banks, over an increasingly volatile money-laundering scandal that has adversely affected the reputation of the region’s banking industry, according to a report by the Financial Times.

Regulation 133

Regulation Regional Report Industry 133

Chris Skinner

JUNE 8, 2016

Whilst almost 500 banks failed in the USA between 2008 and 2012, only three new banks opened. Only three new banks have opened in the United States since 2010.

Regulation 150

Regulation Innovation United States America 150

TheGuardian

OCTOBER 21, 2022

The provisional fine – which Barclays is in the process of appealing against – relates to the £322m the bank paid to Qatar in 2008, allegedly in exchange for the gas-rich Gulf state investing £4bn, helping save the lender from a UK government bailout. Continue reading.

Regulation 77

Regulation 77

FICO

SEPTEMBER 13, 2022

UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis. Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008. In 2008, it reached a peak of 4.5%. In 2008 it was 5.25% with 4.62% in 2009. Darcy Sullivan. by Liz Ruddick.

Trends 52

Trends Cards Payments Management 52

Bobsguide

OCTOBER 4, 2018

Since the financial crisis started in 2008, institutions around the world have had to deal with regulation after regulation being introduced to increase transparency and to create a safer, robust and more transparency transparent financial system. Between 2009 and 2012 alone, more than 50,000.

Regulation 60

Regulation System 60

Bank Innovation

DECEMBER 9, 2019

First there was the financial crisis of 2008. Now, banks face what one financial regulator calls the “real game changer.” Then years of negative interest rates. Jesper Berg, the head of the Financial Supervisory Authority in Denmark, says the next big threat for banks is the rapid spread of big tech into financial services.

Data 221

Data Regulation Compliance Security 221

TheGuardian

MARCH 28, 2023

Lawmakers aim to determine how Silicon Valley Bank and Signature Bank failed, sparking fears of financial crisis Lawmakers grilled federal banking regulators on Tuesday over their “massive failure in supervision” during the first congressional hearing on the collapse of Silicon Valley Bank (SVB) and Signature Bank. Continue reading.

Regulation 69

Regulation US 69

CFPB Monitor

SEPTEMBER 15, 2023

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently addressed The Mortgage Collaborative National Conference recounting the Congressional response to the mortgage industry crisis that began in 2008 that resulted in the creation of the CFPB. Continue Reading

Conference 88

Conference Regulation National Industry 88

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance. imposed a full $23.52

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

MAY 29, 2019

Reports in Reuters on Tuesday (May 28) said UBS expects its regulatory costs to remain high in the years ahead after a decade of more stringent regulations leading to heavier, more costly burdens on banks. “That has tied up enormous resources.” “Why is this so significant? .”

Regulation 108

Regulation Compliance Capital Resources 108

PYMNTS

MAY 25, 2018

“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the country’s treasury, said on Thursday (May 24).

Regulation 101

Regulation Lending Mobile Course 101

Bobsguide

MARCH 11, 2021

September 2008 saw the emblematic moment of the Global Financial Crisis (GFC) when Lehman Brothers collapsed. Intraday liquidity was fundamental to this collapse. Correspondent banks were not willing to provide intraday credit lines with Lehman Brothers looking such a bad risk and demanded.

Regulation 88

Regulation 88

TheGuardian

MARCH 17, 2023

Eight years ago, when the bank’s CEO, Greg Becker, personally pressed Congress to exempt SVB from post-2008 financial reform rules, he cited its “low risk profile” and role supporting “job-creating companies in the innovation economy”.

social media 75

social media Regulation Capital Innovation 75

TheGuardian

MARCH 18, 2023

The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis No one in the Treasury had expected March to be easy. Last Monday’s economics-heavy review of defence and foreign policy, and last Wednesday’s budget, meant that a tough week for its mandarins was already priced in.

California 94

California Policies Strategy Regulation 94

PYMNTS

APRIL 5, 2020

Financial regulators have made $500 billion in capital available for lenders around the world , which gives lenders the freedom for another $5 trillion of loans around the world to go toward cushioning the blow the coronavirus has dealt to the world’s economy. In the U.S., unemployment has soared to record highs.

Capital 150

Capital Lending Regulation Study 150

Let's Talk Payments

JULY 20, 2017

The financial crisis of 2008 brought a wave of new financial regulations that put. The prime brokerage market in the United States has experienced significant changes in the last decade.

Regulation 104

Regulation United States Innovation Fintech 104

American Banker

APRIL 25, 2024

Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.

Utah 63

Utah FDIC Regulation Community Bank 63

TheGuardian

SEPTEMBER 12, 2024

The regulator said it had made “substantial changes” to earlier proposals, meaning UK banks would not have to set aside as much money for capital buffers as previously planned.

Capital 77

Capital Lending Regulation System 77

TheGuardian

JANUARY 31, 2024

The regulations, which limited annual bonus payouts to twice a banker’s salary, were introduced by the EU in 2014, in a move aimed at preventing excessive risk-taking after the 2008 financial crisis. Continue reading.

Regulation 111

Regulation Industry 111

PYMNTS

JULY 27, 2016

Parliament’s Treasury Committee released its report on the effectiveness of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) this week, criticizing the bodies for their “inadequate” impact on curbing bank misconduct. Soon after, the bank merged with Lloyds Banking Group.

Regulation 100

Regulation Report Groups Payments 100

Perficient

JUNE 25, 2024

Learning from history, he referenced the lack of regulatory controls in derivatives and financial engineering before the 2008 financial crisis, and more recently, the unregulated growth of cryptocurrencies leading to the “Crypto Winter” of 2022.

Case Study 221

Case Study Risk Management Analysis Innovation 221

Perficient

AUGUST 16, 2023

He was promoted to President and CEO in 2008. Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank.

United States 221

United States Kansas FDIC Risk Management 221

BankNXT

SEPTEMBER 29, 2017

Developed markets saw a 492% increase in regulatory changes between 2008 and 2015, says Resham Karira. Regtech the solution to constantly changing financial regulation on BankNXT. How can regtech help?

Regulation 66

Regulation Marketing Fintech Retail 66

TheGuardian

MAY 21, 2022

The banker and former regulator has seen many crises in his career, but war and political division have him worried Sir Howard Davies is a worried man. He is worried about political polarisation. He is worried about the long-term impact of Brexit on the City of London. And he is worried by the pushback against globalisation.

Regulation 145

Regulation Policies Groups 145

Chris Skinner

OCTOBER 17, 2018

Things we’re reading today include: Growing corporate debt echoes 2008 crisis It’s time to worry when the Bank hears echoes of the sub-prime crisis Further blow for scandal-hit Danske Bank as regulator blocks board’s CEO pick Bank of England raises alarm over surge in high-risk lending Britain fell for a … The post Things (..)

Lending 186

Lending Regulation 186

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

South State Correspondent

MAY 9, 2023

The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely. We have witnessed more bank failures by asset size in 2023 than in 2008 and 2009 combined. economy needs.

FDIC 195

FDIC Regulation Capital Management 195

PYMNTS

SEPTEMBER 18, 2017

has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. We don’t need more regulation. After all, The Big Three were regulated by the CFPB and the FTC, and look where that got us.

Report 202

Report Regulation Data Retail 202

TheGuardian

MAY 31, 2024

Watchdog opens first stage of merger process to examine whether deal would lead to less competition Business live – latest updates The UK competition regulator has launched an inquiry into the £2.9bn takeover of Virgin Money by the rival lender Nationwide Building Society.

Regulation 64

Regulation Marketing Groups 64

American Banker

OCTOBER 9, 2023

The Federal Reserve's top regulator cited the financial crisis of 2008 repeatedly in a speech about the merits of new risk-capital standards — proposals that have drawn unprecedented fire from banking trade groups and members of Congress.

Capital 60

Capital Regulation Groups Policies 60

PYMNTS

DECEMBER 18, 2020

The case in question goes back to 2008 when a Bulgarian wrestler was investigated for reportedly turning to drug trafficking. The fact that the bank let it continue until 2008, or even beyond, impeded or frustrated the detection of the money laundering activities,” the indictment read, according to Bloomberg.

Compliance 203

Compliance Regulation Report Innovation 203

Chris Skinner

SEPTEMBER 12, 2018

Things we’re reading today include … What became of the G20 leaders who met in 2008 to avert financial crisis? regulators reject Wells Fargo’s plan to … The post Things worth reading: 12th September 2018 appeared first on Chris Skinner's blog.

Bitcoin 157

Bitcoin Regulation 157

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. The bill also gives regulators more discretion in deciding when to require stress tests of capital adequacy for banks with between $100 billion and $250 billion in assets in the event of another crisis,” according to a summary of the bill in MarketWatch.

Regulation 100

Regulation Regional Community Innovation 100

PYMNTS

DECEMBER 20, 2020

Chinese officials have warned in recent months that the tech sector faces significant new regulation , lest companies operating within it become too powerful. Reuters reported that Chinese officials last week invoked a pro-competition law for the first time since its 2008 inception to levy fines against companies such as Ma's Alibaba Group.

Fintech 256

Fintech Groups Conference Regulation 256

TheGuardian

MAY 1, 2023

US banking titan to buy ‘all deposits and substantially all assets’ of failed bank in deal brokered by regulators JP Morgan is to acquire most of the failed California bank First Republic, in a takeover brokered by regulators as the US races to contain a series of banking failures that has echoes of the 2008 global financial crisis.

FDIC 75

FDIC California US Regulation 75

TheGuardian

NOVEMBER 30, 2022

The ringfencing regulations, introduced unilaterally by the UK in the wake of the 2008 global financial crisis, require lenders to separate their high street operations from other activities such as investment banking or international operations.

Operations 98

Operations Regulation System 98

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. As regulators focus on interest rate forecasts used for interest rate risk management, remember that flattening, steepening, or inverting yield curves can influence your projections.

Risk Management 221

Risk Management Regulation Management Lending 221