Crises trigger the adaptation processes. Crises are motherof reforms. Christoph Ohler tours us through the Financial crisis (2007- 2009) and debt crisis (2010 – 2013) and details the best way to balance public and private interests. Christoph Ohler graduated in law from the University of Bayreuth and the College of Europe in Bruges. His PhD in European law he received at the University of Bayreuth. After working as an associate in an international law firm in Frankfurt/Main he became a research assistant at the Universities of Passau, Bayreuth and Munich. Since 2006 he holds a chair in public law, European law, public international law and international economic law at the Friedrich-Schiller University of Jena. From 2008 to 2014 he was the spokesperson of the interdisciplinary graduate program „Global Financial Markets“. He publishes extensively on German and European constitutional law and the regulation of financial markets in international and European law. „Banking Supervision and Monetary Policy in EMU” is his most recent book. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 5039 TEDx Talks
Banking regulation is ever changing. After the recession, the regulators saw many failing banks and tightened regulations. As the economy grows the regulators are encouraging new banks or De Novo Banks.
Views: 0 DD&F - Excellence in Banking
The Trump Administration has set the stage for the implementation of significant regulatory reform in 2018. With the installation of Trump Administration appointees to lead the banking, securities and consumer protection agencies, a comprehensive Treasury review of financial reform objectives, significant legislation being considered on the Hill and the mid-term elections looming, there is sure to be a give-and-take on prioritizing the reforms that get done in 2018. Topics include: Volcker Rule reforms The future of FSOC, SIFI designations and the Orderly Liquidation Authority The SEC’s regulatory agenda, including the derivatives proposal Regulation of the asset management industry The Department of Labor’s fiduciary duty rule, and possible upcoming SEC coordination Housing finance and the future of the GSEs Changes to the enhanced prudential regulation of large banks and community bank regulatory relief The Financial CHOICE Act and other financial services legislation The impact of the Congressional Review Act The Future of the CFPB
Views: 309 Dechert LLP
_Euronews’ Maithreyi Seetharaman asked Valdis Dombrovskis, the European Commission Vice President for the Euro & Social Dialogue, Financial Stability, Financial Services & Capital Markets Union, if the new banking proposals put forward impacts the impending Basel III negotiations in January 2017. He responded by saying Europe’s position was that any international regulation should not lead to overall substantial increases in capital requirements for European Banks._ *Maithreyi Seetharam… READ MORE : http://www.euronews.com/2016/12/13/how-do-europes-new-banking-regulation-proposals-change-international-agreements What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 262 euronews (in English)
16 May 2012: As the EU member states approve new regulations for banks, new global head of banking and regulation at Mazars Jonathan McMahon outlines the challenges facing banks http://economia.icaew.com/News/EU-agrees-to-new-banking-rules
Views: 1130 EconomiaMagazine
Hi, I am a London-based management consultant working in financial services. In videos of a few minutes in length, buzzwords in the business world are explained simply. These videos should be starting points for your own research on these topics if they spark your interest. Enjoy!
Views: 2374 In 3 Minutes
US sharemarkets rose on Friday with investors encouraged by solid job growth in the latest month. Also the S&P financials sector rose 2% after US President Trump signed an executive order to scale back industry regulations. …… Visit CommSec http://www.commsec.com.au Follow Us On Twitter http://www.twitter.com/commsec Subscribe to CommSecTV http://youtube.com/subscription_center?add_user=commsectv Download the CommSec App https://www.commsec.com.au/features/mobile-trading.html Discuss the market in the CommSec Community. Log into your CommSec account, click on Community and Join In.
Views: 332 CommSecTV
In this video you will learn about the basics of Basel accord, which introduces Basel I , Basel II & Basel III. Basel committee is a financial regulatory body that formulates norms for the banks. These norms or guidelines are mandatory for the banks to follow so that banks can solvent Learn Credit Risk Modelling(PD, LGD, EAD Modelling) : http://analyticuniversity.com/credit-risk-analytics-study-pack/ http://analyticuniversity.com/ For training, consulting or help Contact : [email protected] For Study Packs : http://analyticuniversity.com/
Views: 39571 Analytics University
Types of Financial Market Regulation. Video covering the different Types of Financial Market Regulation Instagram: @econplusdal Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 23126 EconplusDal
Jonathan Rogers discusses the impact Brexit will have on the UK financial services regulatory regime, how organisations can best prepare for these changes, and whether there are any existing mechanisms that firms can employ to continue 'business as usual'.
Views: 990 Taylor Wessing LLP
This is the near future. www.pwc.nl/nl/banken/future-of-banking.html Things have changed. In the financial sector customers are at the centre of attention again. Technology changed a lot. And so fast that not everyone has been able to keep up. The past few years banks had a rough time adapting to the new world. They were busy with new regulations. Some were so distracted, they forgot to innovate. You can probably imagine what they went through. You want more information?
Views: 65586 PwCnetherlands
A decade after Northern Rock's collapse, Helen Thomas asks whether enough has been done to reform banking regulations. Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews. Website: www.bbc.co.uk/newsnight YouTube: https://www.youtube.com/user/BBCNewsnight Twitter: https://twitter.com/BBCNewsnight Facebook: https://www.facebook.com/bbcnewsnight Snapchat: https://www.snapchat.com/add/bbcnewsnight
Views: 7425 BBC Newsnight
Hi, I am a London-based management consultant working in financial services. In videos of a few minutes in length, buzzwords in the business world are explained simply. These videos should be starting points for your own research on these topics if they spark your interest. Enjoy!
Views: 1238 In 3 Minutes
Technological developments contribute to rapid changes in the financial services industry. Startups introduce new technologies and established companies adapt. How regulations are designed will in turn affect where innovations take place. Participants 02:55 Arnoud Boot, Professor of Corporate Finance and Financial Markets at the University of Amsterdam 43:40 Sara Öhrvall, Head of Digitalization, Customer Experience and Communication at SEB Group 52:50 Martin Andersson, partner at Oliver Wyman and former Director General of Sweden’s financial supervisory authority (FI) 1:02:47 Panel discussion The meeting is held in English and is moderated by Pehr Wissén, Ph.D. in economics, senior advisor, Swedish House of Finance at the Stockholm School of Economics.
Views: 75 SNSkunskap
Views: 8311 xCEEd Conference
While FinTech is revolutionizing the banking industry and giving millions of people access to financial services for the first time, new banking models are emerging with FinTech start-ups and tech firms potentially disrupting the status quo. But business schools and universities are not preparing future bankers for these changes, says FinTech thought leader Henri Arslanian. How can designers, programmers and creative thinkers help? Henri Arslanian started his career as a financial markets and funds lawyer in Canada and Hong Kong, after which he spent many years with UBS Investment Bank in Hong Kong. In recent years, he has been teaching graduate courses on Entrepreneurship in Finance at Hong Kong University as an Adjunct Associate Professor, and currently leads the first FinTech course in Asia. His latest book on Entrepreneurship in Finance will be published in late 2016 by Palgrave Macmillan. A member of the Milken Institute’s Young Leaders Circle, Henri is a regular keynote speaker globally on the topic of FinTech and hedge funds and currently sits on a number of finance, academic, civil society and FinTech related boards and advisory boards. Henri is fluent in English, French, Armenian, Spanish and conversational in Mandarin Chinese and has been awarded many academic and industry awards over the years, including the Governor General of Canada Gold Medal for Academic Excellence. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 279396 TEDx Talks
Though General Data Protection Regulation has dominated headlines, open banking and the Second Payment Services Directive have set the tone for regulating financial data in the E.U. They are hailed by proponents as a way to make financial markets more competitive by allowing customers to transfer their banking data between institutions. FinTech companies have cheered these changes as an opportunity to rival traditional banks. But even the competition has competition: Asian and American tech firms seem poised to challenge both incumbents and FinTechs alike. How will contention for financial services play out, and what should policymakers consider as they implement the new regulations? Moderator James Mackintosh Senior Columnist, Markets, The Wall Street Journal Speakers Louise Beaumont Co-chair, Open Banking Working Group, techUK; Strategic Advisor, Open Banking, Publicis Groupe Elena Lieskovska Senior Managing Director, Head of European Specialty Finance, Värde Partners Gavin Littlejohn Chairman, Financial Data and Technology Association Ajay Vij Senior Vice President and Industry Head, Financial Services, Infosys #GDPR #FinTech #FinReg
Views: 612 Milken Institute
Newsclick discusses with Professor Mario Tonveronachi from the University of Siena, Italy about the global financial system and the crisis it continues to face. Speaking of the banking regulations, Tonveronachi says that it is a problem of not having the comprehension of a financial system in its entirety. Therefore the regulators did not see the crisis coming. He underlines that the governments should look at the structural problems of an economy and concentrate on tackling them. He also emphasizes the need to have many small banks and feels that banks should perform purely banking operations, as they did in the good old days.
Views: 511 NewsClickin
SBI 4 Big Changes New Rules 2018-2019 | State Bank Of India Latest News And Updates Today Hindi agar aapko ye video pasand aaye to please is video ko like aur share kijiye aur hamare channel ko subscribe kijiye. *THANK YOU* ----------------------------------------------------------- My New Youtube Channel(Please VisT) Shan Health Care https://www.youtube.com/channel/UCDvZ7sWJls2-aTXQZFf7SkA ------------------------------------------------------------- How To Apply SBI ATM Card Online Hindi Link- https://youtu.be/GoMX1xtwId8 ------------------------------------------------------------- *Queries solved* 1) sbi latest news and updates 2) sbi latest updates urdu 3) sbi latest updates 2018 4) state bank of india latest news 5) sbi New Rules Hindi 6) sbi New Rules 2018 7) sbi minimum balance rule in hindi 8) sbi mclr 9) sbi minimum balance rule 2017 in hindi 10) sbi home loan interest rate 2018 11) sbi education loan interest rate 2018 12) sbi latest news and updates in hindi 13) sbi fd interest rate 2018 in hindi 14) sbi net banking online registration 15) sbi buddy money transfer 16) sbi new atm card apply online 2018 #SBI , #SBIBUDDY -------------------------------------------------- Our Social media link *Like the Facebook Page: https://www.facebook.com/Howtosikhe *Follow on Google+: https://plus.google.com/howtosikhe1 *Follow on Twitter: http://www.twitter.com/howtosikhe *Follow on Instagram: https://www.instagram.com/howtosikhe ----------------------------------------------------------- Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."
Views: 20281 How to sikhe
Federal Reserve governor Daniel Tarullo was central to the implementation of the Dodd-Frank Act, which imposed tougher regulations on banks in the wake of the financial crisis. Though his term isn't up until 2022, Tarullo is now stepping down, just as President Trump is expected to scale back much of the regulation put in place. Tarullo joins economics correspondent Paul Solman for a conversation.
Views: 3728 PBS NewsHour
Change in Bank Policies from 20 Jan 2018 Change in Banking 🏦 New bank policies New Rules & Regulations Charges for almost everything Plz share this information with everyone. Thanks for your love and support 😊
Views: 578 Rkinfo Zone
To join the Elite Investor Club, head on over to - http://www.eliteinvestorclub.com/ A zero interest rate policy, QE type money printing and central bank bond buying has helped the banks to recover by giving them a business model that even George Osborne could understand – borrow money for nout and lend it out for six to twelve per cent. Somehow they still struggle to make money even with this gift from the government. Their European and Japanese counterparts on the commercial side are now struggling with the negative interest rates imposed by their central banks, so it actually costs them to place funds on deposit. This is meant to be a penalty that encourages them to lend the money rather than hoarding it. But it doesn’t seem to be working. I believe the High Street banks have some deeply entrenched problems that leave them ripe for extinction. They have expensive branch networks carrying out mainly low value transactions. They have ancient IT systems, some dating back to the nineteen sixties that have been bodged and band-aided but rarely completely replaced. They have deeply entrenched cultural issues that make it impossible for them to treat their customers properly. And they have a truly terrible PR image that they have made no inroads to improving. I’ve talked before about the concept of disintermediation, cutting out the middle man. Two developments in the last five years make this a reality. One, cloud based applications that bring mainframe computing power to the smart phone in your pocket. And two, a preference among millennials for more flexible approaches to finance through crowdfunding, asset sharing and settling for renting over buying their main home. Alternative banks have sprung up with no physical presence. Many of my generation are still nervous about buying stuff or paying bills ‘on the internet’ versus going into a brick and mortar shop or the local bank. Futurist Daniel Priestley suggests that twenty fifteen was the year when we finally stopped making a distinction between being ‘online’ and being ‘offline’. Basically, instant broadband access everywhere makes it no different to breathing or walking. It’s just something that’s always there that we take for granted and fully integrate into our lives. So it will be with banking and investing. Crowdcube’s Luke Lang tells of the guy who invested a million pounds in a new company on the UK’s leading crowdfunding platform – from his I-phone, at five past midnight. We’re now seeing the rise of robot financial advisers – I know, they can’t be much worse than the human ones. And we’re seeing challenger banks on the High Street like Metro where customers face the shocking experience of a bank clerk smiling at them and offering them a drink of water. We’ve even got Handelsbanken appointing local managers empowered to make lending decisions by getting to know the customers and business owners who live near the branch! Are you listening Barclays, HSBC, Lloyds or Nat West? No, I thought not. And then we’ve got the whole area of crypto-currencies, with Bitcoin very much in the vanguard. If you haven’t already read Dominic Frisby’s definitive book Bitcoin – The Future of Money, I’d urge you to do so. Dominic is investing heavily in the block-chain technology that underpins Bitcoin and I think it could prove to be as transformational as the internet. Even the Bank Of England is looking at it. For investors, I want to finish with three key points to remember from all this. First, a reminder that money you deposit in the bank is no longer yours, its theirs. Hence they can refuse to give you access to it as happened with Northern Rock, Greece and Cyprus. Second, how long before retail current accounts have the same negative interest rates as the commercial banks are experiencing? Mark Carney has already talked of lowering UK rates towards zero, which I’m sure will be the trigger for either charges on current accounts or negative rates. And thirdly, as Tim Price has made us all aware, we can expect a war on cash. If you keep it under the mattress you’ll soon be getting a better return than in the bank, so the powers that be won’t stand for that. It’s already impossible to move anything above trivial amounts of cash without getting the special drug dealer service. They could ban it altogether or stamp it with a valid until date so that it’s no longer legal tender when you dig it up out of the garden. Here at Elite Investor Club it’s our aim to keep you up to speed on these developments so you can stay one step ahead of the politicians, the bankers and the mediocre majority. If you haven’t already joined, the interesting times ahead in the banking sector might just be the incentive to do so. Thanks for watching!
Views: 816 Elite Investor TV
This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of the world's economies) are, to varying degrees, Keynesian. When things go wrong, economically, the central bank of the country intervenes to try aand get things back on track. In the United States, the Federal Reserve is the organization that steps in to use monetary policy to steer the economy. When the Fed, as it's called, does step in, there are a few different tacks it can take. The Fed can change interest rates, or it can change the money supply. This is pretty interesting stuff, and it's what we're getting into today. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 789938 CrashCourse
Shadow banking institutions are like regular banks: they provide credit and capital for companies and investors. But unlike regular banks- they don't take deposits. CGTN's Ahmad Coo explains.
Views: 269 CGTN America
March 18, 2011 - U.K. bank results for 2010 indicate an ongoing gradual recovery from the global financial crisis and recession. But how will impending regulation affect the sector's recovery? In this CreditMatters TV segment, Standard & Poor's Director Richard Barnes discusses the trends shaping the U.K.'s banking sector and the potential effects regulatory changes could have on banks' operations.
Views: 66 S&P Global Ratings
Banking news change rules . Some banking rules regarding transaction charges and withdrawal limit will be changed from 2018. -~-~~-~~~-~~-~- Please watch: "7TH PAY COMMISSION LATEST NEWS TODAY 2019 / DISABILITY PENSION TO DEFENCE PERSONNEL LATEST NEWS" https://www.youtube.com/watch?v=J-TzMA4UbqI -~-~~-~~~-~~-~-
Views: 10737 Trending Now
Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN The US Congress has approved a bill which will roll back some banking regulations passed in the wake of the financial crisis. The Dodd-Frank rules aimed to avoid a repeat of the 2008 crash, and a bipartisan deal means that only some elements will be changed. Also today, Amazon has banned some users from the site for returning too many items. http://www.france24.com/en/taxonomy/emission/20550 Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://f24.my/youtubeEN Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en
Views: 441 FRANCE 24 English
The European banking sector is still digesting the implications of the emerging Basel III liquidity rules; it will also be hit by another round of stress tests later this year. How will regulatory and supervisory efforts shape 2014?
Views: 306 The Banker
If the financial system doesn’t work, the rest of the economy doesn’t work. In this video, Hester Peirce discusses how the regulators’ role needs to be adjusted. This video was recorded at the American Economic Association in Chicago in January 2017. Produced by EconFilms
Views: 973 VideoVox
Nathan Willmott discusses some key regulatory developments for 2016, offering his opinion on the impact of new conduct rules under the Senior Managers Regime, PRA enforcement actions, the proposed changes in settlement discounts and the FCA’s use of concurrent competition powers. Join the conversion #EmergingThemes www.blplaw.com/emerging-themes
Views: 762 Bryan Cave Leighton Paisner
The moderator Mike Sigal, the entrepreneur, advisor and start up coach for the Fintech Program. He is presenting his views on The new wave of fintech, the ending of Banking? Along with introduction, he says that he has spent last 7 years helping swift and its member banks learn how to work with a start up. He showed a chart created by Mackenzie to describe the predictable way, which is transformed by digital technology. When a new technology is invented, start ups are first to adopt them. Some of the new entrants have become new standards. They are not always winners but they set the standard. They show customers the way that the things could work, faster, easier and more conveniently. Ken Reese, the CEO at Elevate answers the question what disruption means in the world of Fintech? What it is going to be like the kind of disruption? Banking and Fintech are better together. Banks have some strengths as the existing customer base broad product set, low cost of capital, National bank act, Protections and regulatory compliance. Whereas the Fintech has some benefits like we understand how to use the new ideas, agile implementation, cutting edge analytic, online customer acquisition and online mobile UX design. Huey Lin, COO at Affirm. She discusses how to stay hot as Fintech? Rather than thinking about innovation as a way of producing new things, disruptive things. How about thinking of innovation as a way to restore what ones' used to be really good. But along the way banks got lost. Regulations piled on and pressure for growth in a way in which rather than looking to people to pay for the services, they provide it. It decides to turn to profit from people's misunderstanding and mistakes. The banks are old and slow moving. On the other hands, Fintech is swift and agile. It doesn't have to worry about moving to the cloud. Because many were born in the cloud. The biggest opportunity ahead is to leverage all that new technology to how to store what was really good and perhaps along with some core values. As a part of their journey to innovate are : - Business without people is nothing - No fine prints - Simpler is better - We need stop innovating, taking smart risks and raising the bar. Safwan Shaw, President and CEO of Pay active. He shares his ideas by saying that he thinks that massive saying the massive transformation that has taken place rather than the criticism of banks and Fintech. Let's think of an idea at the core of foundation. What we call the movement of money between billions of people in this world. The current situation is untenable. You can't keep giving loans to people who are already underwater, they are drowning or gasping for air. Every single person who works gets paid weekly, bi-weekly and monthly. Pay hole is the batch process which moves every two weeks, that comes from employers to employees. While waiting to get paid change the velocity of money by Fintech. Luvleen Sidhu, co founder & chief strategy marketing officer, Bank mobile. She says it seems that consumers needs and behavior are drastically shifting. But the banks are slow to adopt these different changes. We saw that Americans are walking into the bank for 1-2 times a year, but they are interacting with their bank on their mobile 20-30 times a month. Most of the people switching their banks because of excessive fees. We are seeing that the expectations from the mobile banking users to actually double by 2019. The major criteria of disruption are: - 10x better customers acquisition and retention strategy. - The product is better than what exists today. - More affordable and easy to use. - Income & growth model that is equal to or better than traditional players. To know more about Silicon Valley Innovation Center please visit: https://siliconvalley.center Our LinkedIn: https://www.linkedin.com/company/Sili... Our Facebook: https://www.facebook.com/SiliconValle... Our Twitter: https://twitter.com/SVI_Center Write to us: [email protected]
Views: 42663 Silicon Valley Innovation Center
From 2013, all UK financial services firms will be required to adhere to a new regulatory regime. Thouraya Ftouh, a Senior Manager in Mazars' Banking and Financial services team explains how firms will be affected. http://www.insightoutmagazine.com In response to the financial crisis, the government has brought in some dramatic changes to the financial regulatory system. In this quick Webinar guide, Thouraya Ftouh explores the structure of the new regulatory regime and its objectives.
Views: 2331 MediaCitizens
Cabinet approval for changes in banking regulatory act, Ordinance sent to President. Subscribe to Samay Live: https://goo.gl/S8bZuh Like Samay Live on Facebook: https://www.facebook.com/livesamay Follow us on Twitter: https://www.twitter.com/samay_live Like Samay live English on Facebook: https://www.facebook.com/samaylivenglish Follow Samay Live English on Twitter: https://www.twitter.com/samayliveeng Follow Arup Ghosh on Twitter: https://www.twitter.com/ArupSG
Views: 27 Samay Live
KPMG’s Head of Banking Regulatory Developments, Kara Cauter and Head of Capital Markets Consulting, Harps Sidhu, discuss the latest regulatory changes affecting international banks that operate in the UK and the challenges and benefits these are creating.
Views: 507 KPMGUK
BOOK REVIEW TRANSACTION BANKING AND THE IMPACT OF REGULATORY CHANGE Basel III and Other Challenges for the Global Economy By Ruth Wandhofer Palgrave Macmillan ISBN: 978 1 13735 176 0 www.palgrave.com REGULATING TRANSACTION BANKING: A LEADING AUTHORITY SPEAKS OUT An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers Banking is arguably that area of financial services which links most frequently with the law. Published by Palgrave Macmillan, this important book by Ruth Wandhofer discusses in depth and with refreshing clarity, the regulatory reform process which, in her words ‘plays the important role of stabilising the banking industry with a view to significantly reducing the risk of future crisis.’ The crisis referred to is, of course, the worldwide financial meltdown that raised its head in 2007 and which, among other consequences, has generated a plethora of banking regulation designed to prevent such crises happening in the future. But has all this regulatory zeal been uniformly a good thing? Has the regulation of deposit-taking institutions actually, as the author describes, ensured ‘the safety of customer deposits and the stability of the financial system’? Or have certain unintended consequences been created as well? In examining the answers to these key questions, Ruth Wandhofer looks at what she terms ‘two building blocks: regulatory reform and transaction banking.’ Within these two parameters there is of course an astoundingly wide spectrum of issues which continue to impact on the banking industry worldwide such as structural reform, limitation on certain bank activities, the issue of centralized supervision, the problem of ‘too big to fail’ banks and so forth – and these are only a few examples of the areas discussed. The banking industry -- transaction banking in particular -- impacts on all of us and provides a fascinating subject for scrutiny. Certainly Ruth Wandhofer is impressively well qualified to explain its complexities, being a regulatory expert and top authority on transaction banking regulatory matters. Among an astonishing array of qualifications, Ruth chairs the EU-wide Payments Regulatory Expert Group and is also chair of the European Payments Council Information Security Group. Currently she is Global Head of Regulatory and Market Strategy for Citi’s Treasury and Trade Solutions business. Writing in the Foreword, Victor Constancio, Vice President of the European Central Bank, refers to this book as ‘an essential navigation tool’ to enable understanding of ‘the key measures imposed by the regulatory reform of the banking industry and their impacts on banks, their customers and the broader economy.’ And essential it is, both for those involved in the banking industry and those who aren’t. ‘Banking,’ says the author, ‘has been public enemy number one for the last few years’ with little said ‘about the relevance of banking to the real economy’. Here at last is a book which does just that, with gravitas, erudition and panache. It does indeed explore the regulatory landscape in detail, including the set of regulatory measures known as ‘Basel III’. As accessible to lay readers as professionals, this is a book that speaks with authority to academics, researchers and students, as well as legal practitioners and indeed anyone involved in the financial services industry. If you wish to enhance your understanding of the ins and outs of banking, you’ll need to rush out and order it now. The publication date is cited as at 2014.
Views: 105 Phillip Taylor
Howard Hall, Managing Director at CHyp USA The General Data Protection Regulation (GDPR), Open Banking and European 2nd Payments Service Directive (PSD2) will result in significant internal and external changes to the way banks operate. Internally banks need to think about where personal data is stored and how it is managed. Externally banks are being forced to open up APIs that will give third parties permissioned access to customer and transaction data. To turn this into an opportunity banks should become identity providers. This talk will explain why this is the case and explore how a bank-led digital identity eco-system could evolve.
Views: 671 Identiverse
Chris Steele, Director, KPMG UK, discuses changes in regulation, data and compliance.
Views: 16 KPMGinBermuda
SBI minimum balance for savings account rule changed: Know about new charges from April 1 The State Bank of India, on Tuesday morning, cut charges for non-maintenance of average minimum balance. The new charges will be applicable from April 1, 2018. The State Bank of India, on Tuesday morning, cut charges for non-maintenance of average minimum balance. The new charges will be applicable from April 1, 2018. India’s largest bank has specified different monthly average balances (MAB) for accounts and if the holder fails to maintain this balance, he is charged depending on the degree of shortfall. The decision was taken by the bank in view of the feedback from various stakeholders. According to the last notification by the bank, the SBI customers holding savings bank accounts with the bank’s metro and urban branches were required to maintain a monthly balance of Rs 3000 from October 1. The customers in semi-urban SBI branches were required to maintain Rs 2000 monthly balance and the rural branch customers had to maintain Rs 1000 balance. Now, the AMB for customers in Metro and Urban centres have been reduced from a maximum of Rs. 50/- p.m plus GST to Rs. 15/- p.m. plus GST. Similarly, for Semi-Urban and Rural centres the charges have been reduced from Rs. 40/- p.m plus GST to Rs. 12/- and Rs. 10/- p.m. plus GST respectively. We have reduced these charges taking into account the feedbacks and sentiments of our customers. Bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customer expectations. Bank also offers its customers to shift from regular savings bank account to BSBD account on which no charges are levied,” PK Gupta, MD – Retail & Digital Banking, SBI said, about the reduction of charges. Currently, there are 41 crores Savings Bank accounts in SBI out of which 16 crore accounts under PMJDY / BSBD and of pensioner/minors/social security benefit holders were already exempted. Apart from this, the accounts of students upto 21 years of age are also exempted. SBI believes that the decision to cut charges for non-maintenance of minimum balance will benefit as many as 25 crore customers. The bank added that if the customer wants to avail basic savings bank facilities without being subject to maintenance of AMB, they can convert the regular savings bank account to Basic Savings Bank Account (BSBD account), free of charge. The lender has 41 crore savings bank accounts, out of which 16 crore accounts under the Pradhan Mantri Jan Dhan Yojna/ BSBD, and of pensioners/ minors/ social security benefit holders are already exempted from charges on non- maintenance of minimum balance To umeed hai apko ye video pasand ayega Facebook: https://www.facebook.com/MARKETMAESTROO Twitter : https://twitter.com/marketmaestroo Youtube : https://Youtube.com/marketmaestroo For any BUSINESS INQUIRY - [email protected]
Views: 42542 Market Maestroo
Carol Beaumier, Executive Vice President for Protiviti and leader of the firm's Global Financial Services Industry practice, discusses key changes in regulatory requirements that are impacting financial services organizations.
Views: 856 protivitiinc
It appears that regulators and politicians have learned absolutely nothing from the financial meltdown of 10 years ago, as they are preparing to once again change the rules for big banks back to what they were prior to the crash. We’ve recreated the exact same scenario that caused the last economic meltdown, and that’s likely where we’re headed now. Ring of Fire’s Mike Papantonio and Farron Cousins discuss this. Link – https://www.reuters.com/article/us-usa-fed-banks/u-s-federal-reserve-unveils-proposal-to-ease-regulations-for-larger-banks-idUSKCN1N522U Support us by becoming a monthly patron on Patreon, and help keep progressive media alive!: https://www.patreon.com/TheRingofFire Spread the word! LIKE and SHARE this video or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Ring of Fire's video content! Support Ring of Fire by subscribing to our YouTube channel: https://www.youtube.com/theringoffire Be sociable! Follow us on: Facebook: http://www.facebook.com/RingofFireRadio Twitter: http://www.twitter.com/RingofFireRadio Google+: http://plus.google.com/118415831573195648557 Instagram: https://www.instagram.com/ringoffirenetwork/ Follow more of our stories at http://www.TROFIRE.com Subscribe to our podcast: http://www.ROFPodcast.com
Views: 27882 The Ring of Fire
There has been a substantive change in the regulation of banks and major securities dealers in the wake of the global financial crisis. Douglas Elliott of the Brookings Institution, at a seminar at ADBI, highlighted some of the major developments and their likely effects on credit provision through banks and the markets and on financial market liquidity.
Views: 214 Asian Development Bank Institute
About the Speech: Speaking on behalf of the Central Bank, Martin Moloney reviewed how the Irish Presidency of the EU tackled the financial services regulation agenda. He provided an overview of the important changes to banking regulation in the last six months and focused, in particular, on the ambitious programme initiated by the European Commission to reform the regulation of non-banking financial services in Europe. Mr Moloney also examined how the Irish Presidency found solutions within the context of the post-Lisbon legislative environment, and discussed the lessons that small European countries can learn from the Irish experience. About the Speaker: Martin Moloney is head of the Markets Policy Division at the Central Bank of Ireland, which provided the technical advice to the Department of Finance in relation to a substantial amount of the draft financial services regulations relating to markets and securities dealt with during the Irish Presidency.
Views: 323 IIEA1
President Pranab Mukherjee on Friday approved the Non-Performing Assets (NPA) Ordinance. Simultaneously, changes in the Banking Regulation Act also got approval. According to the report, two new provisions have been added to Section 35 of the Banking Regulation Act. Under this, rights have been given to the Reserve Bank of India (RBI) to take action against the defaulters of banks under the Insurance and Bankruptcy Code. At the same time, in the second provision the RBI has been authorized to issue necessary instructions to the banks to deal with NPAs in the time limit. The Cabinet had approved the implementation of the ordinance amendment in the King Regulation Act. After this, Finance Secretary Ashok Lavasa had said on Thursday that this amendment in the Act would be helpful in reducing the problem of bad loans. Former RBI deputy governor HR Khan, while talking to said the central bank should include a process towards NPA's proposal, but it would not be more than happy with the direct intervention of the RBI. Let's say that before this, the Reserve Bank has made several attempts to deal with bad loans. These include Strategic Debt Restrictions (SDR) and Scheme of Sustainable Structuring of Straced Assets For : News, News Today, News India, News In Hindi, News Today, News Today India, News Live, News Today Live, News Today In Hindi, Today News, Today News Live, India Today News Live, Narendra Modi, Arvind Kejriwal, News 2017, India 2017, Narendra Modi 2017, Modi, News Video, Kejriwal, News Live, Latest News, News Today, India News, India, News In Hindi, Livetv, Headlines, Live Tv, Headlines, BJP, App, Congress India Trending : A Place Where All Top Daily News & Many More Subscribe Us : http://tinyurl.com/TrendingIndia
Views: 2701 India Trending
This is the specific answer from Robert Herz of the Financial Accounting Standards Board in which he claims that insolvent institutions tend to come to him to have the rules changed two weeks before they go bankrupt.
Views: 17244 Alan Grayson
UK bank regulator releases EU capital consultation The Prudential Regulation Authority has published a consultation paper for UK lenders on the rule changes required to implement the European Union's capital requirements directive, Brussels' interpretation of the Basel III global capital reforms. http://www.ft.com/fastft?post=26312 http://www.wochit.com
Views: 57 Wochit Business