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

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

Perficient

FEBRUARY 23, 2021

The financial crisis of 2008 and 2009 highlighted the need for timely data to identify and monitor liquidity risks at individual firms, as well as in aggregate across the financial system, especially with respect to intra-company flows and exposures within a consolidated institution.

Report 309

Report Risk Management Data System 309

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

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

OCTOBER 24, 2023

Bonus cap to end on 31 October, a move condemned by unions as an ‘insult to working people’ The UK’s financial regulators have formally scrapped the banker bonus cap, removing one of the key reforms introduced by the EU in the wake of the 2008 financial crisis.

Regulation 111

Regulation 111

PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.

Innovation 306

Innovation Fintech Payments Regulation 306

TheGuardian

SEPTEMBER 23, 2023

The boss of the Bank of England’s Prudential Regulation Authority (PRA) had headed to Devon for a celebratory weekend with his wife. But rather than settling in for dinner that evening, Woods had to book an extra hotel room to use as a makeshift crisis centre after US lender Silicon Valley Bank (SVB) suddenly collapsed.

Regulation 92

Regulation US Operations Marketing 92

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

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

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

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

Abrigo

JULY 19, 2019

The conference brought together regulators, bankers, economists, and others to discuss the most important annual check on the stability of the banking system. Although most bankers and regulators will find the results to be good news for the industry, conference attendees’ sentiment towards future tests were divided.

Conference 244

Conference Washington Regulation Boston 244

PYMNTS

OCTOBER 16, 2020

World-leading FinTech scaleups were born in London out of the 2008 financial crisis, and today London’s FinTech companies are innovating to respond to changing demands caused by the pandemic," she said, according to the release. London & Partners CEO Laura Citron said the U.K.'s s FinTechs have long innovated to meet challenges.

San Francisco 265

San Francisco Fintech New York City Data 265

PYMNTS

NOVEMBER 11, 2020

The regulations will also hit Alibaba’s Ant Group, which took a beating last week after the government suspended its planned initial public offering (IPO). For example, the definition of “relative market” means that companies in a “dominant position” if they control more than 50 percent of the market would come under the new regulations.

Regulation 239

Regulation Branding Apple Retail 239

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

Bank Innovation

NOVEMBER 21, 2016

The Financial CHOICE Act, proposed by Texas Congressman Jeb Hensarling earlier this year, is a measure aimed at overturning or heavily modifying many of the regulations put in place after the 2008 financial crisis. The act has recently fallen under scrutiny from Wall Street as the president-elect championed a lessening of Read More.

Texas 150

Texas Fintech Regulation Management 150

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

Chris Skinner

MAY 22, 2017

The post Things worth reading: 23rd May 2017 appeared first on Chris Skinner's blog.

Regulation 157

Regulation Security 157

PYMNTS

SEPTEMBER 4, 2020

Since January, the European Central Bank (ECB), which oversees the biggest European Union lenders, has eased regulations to encourage mergers and reduced the capital requirements for such transactions, the news service reported. Regulators say consolidation in the banking sector would lower costs, improving efficiency and boost profits.

New York 188

New York Regulation Customer Experience Report 188

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

Bobsguide

APRIL 2, 2019

The decade since the financial crisis of 2008 has been a challenging time for the financial services sector. Not only has the industry had to face the increased compliance and governance requirements that emerged as a result of new and tighter regulation intended to prevent a similar crisis in.

Compliance 129

Compliance Regulation Industry 129

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

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 78

Regulation 78

PYMNTS

MAY 19, 2020

wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. Elizabeth Warren (D-Mass.) bailout funds – and to prosecute company executives if they “provide fraudulent or misleading information or misuse funds.”.

Meeting 195

Meeting Regulation Company Fraud 195

PYMNTS

MAY 3, 2020

began to get its early actual data (as opposed to theoretical predictions) as Alaska, Georgia, North Dakota, South Carolina, Tennessee and Texas and all began lifting some of the stricter parts of the social distancing regulations to allow slightly more social mobility, according to CNN. But starting last weekend, the U.S.

Georgia 314

Georgia North Dakota South Carolina Atlanta 314

PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

Report 169

Report Fraud Regulation Marketing 169

Abrigo

DECEMBER 16, 2014

While the survey results may seem like a clear sign that we are heading into dangerous lending territory, it is also possible that the “easing” is the result of over-regulation or too much scrutiny immediately following and because of the recession. To continue growing the portfolio, banks may expand into new product lines.

Lending 223

Lending Survey Training Retail 223

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

PYMNTS

JULY 29, 2019

Glint Pay is an agent of Sutton Bank , and all of the accounts are regulated by the Federal Deposit Insurance Corporation. He said he got the idea for the business after the big financial crisis of 2008. Glint Pay users use a bank account to purchase actual gold held in a vault in Switzerland, and the company charges a 0.5

Cards 191

Cards Colorado Denver Fintech 191

PYMNTS

SEPTEMBER 13, 2016

But according to the report, small businesses do have some concerns about regulation. It’s a pattern that has been commonly cited since the 2008 financial crisis and could be the new normal for small businesses. According to Sheinbaum, it all comes down to regulation. Specifically, 28.7 ”

Regulation 100

Regulation Survey Lending Capital 100

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

APRIL 23, 2020

As reported by PYMNTS , consumers are already in a better position than when the Great Recession hit in 2008, and they have comparatively less debt. Social distancing regulations and lockdown measures have drastically cut into the types of purchases they would typically make.

Company 189

Company Cards Payments Regulation 189

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. A DIY Approach To AML/KYC.

How To 161

How To Regulation Compliance Meeting 161

Accenture

FEBRUARY 22, 2017

It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge. Increased bureaucracy damages customer retention and onboarding, while complex regulation can get in the way of innovation. There are hidden costs too.

Compliance 153

Compliance Regulation Innovation Fintech 153

Accenture

FEBRUARY 22, 2017

It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge. Increased bureaucracy damages customer retention and onboarding, while complex regulation can get in the way of innovation. There are hidden costs too.

Compliance 153

Compliance Regulation Innovation Fintech 153

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