PYMNTS

NOVEMBER 27, 2018

Alejandro Andrade, who for four years oversaw the treasury under the late leader Hugo Chavez, secretly pleaded guilty in December of 2017. He pleaded to one count of money laundering, and he was accused of accepting more than $1 billion in bribes to participate in an illegal foreign currency scheme. financial system by Venezuela.

Currencies 43

Currencies Treasury Financial Systems Marketing 43

PYMNTS

JULY 16, 2019

sanctions against Venezuela have largely isolated the troubled nation from the global financial system, while also damaging financing. And Venezuela’s President Nicolas Maduro recently ordered the Bank of Venezuela to allow customers to access the digital currency. “I But the U.S. Mnuchin at the time.

Treasury 55

Treasury Currencies Financial Systems Finance 55

PYMNTS

SEPTEMBER 10, 2019

The Facebook cryptocurrency could be launched as early as next year, and regulators and lawmakers around the globe are skeptical about it due to concerns over money laundering and the effect it could have on the existing global financial system. A senior U.S.

Finance 59

Finance Treasury Currencies Financial Systems 59

PYMNTS

FEBRUARY 15, 2018

Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. Department of the Treasury, with the remaining amount satisfied by payments from the DOJ’s actions. Bank to the U.S.

Banking 43

Banking Currencies Treasury Financial Systems 43

PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

Treasury 46

Treasury Securities Currencies Financial Systems 46

PYMNTS

SEPTEMBER 22, 2016

As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. may fall behind to other leading countries, specifically the U.K, which is making strides in the space.

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PYMNTS

OCTOBER 19, 2016

Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern. Low and negative interest rates have especially motivated these money managers to renew their investment strategies, the report noted.

Treasury 70

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PYMNTS

AUGUST 1, 2018

financial system improve the ability of small businesses (SMBs) to get financing, driven in part by a decline in startup formation in recent decades. She said the “pragmatic recommendations” included in the report would make the financial system work better for entrepreneurs, no matter their business size or geographic location.

Financial Systems 40

Financial Systems Finance Economics Treasury 40

Michigan CFO

JUNE 14, 2022

They all play vital roles in the financial industry, overseeing revenue estimation, accounting, tax collection, treasury, etc. Some financial regulatory agencies and laws regulate the activities of CFOs, Comptrollers, and Controllers to ensure good conduct. financial system by enhancing transparency and accountability.

General Ledger 40

General Ledger CFO Budgeting Accounts Payable 40

Future CFO

JANUARY 21, 2021

Well-oiled and prepared businesses survived (and some thrived), with many companies taking defensive financial positions and granular control over liquidity. As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Changing the Treasury-IT conversation.

Treasury 52

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PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. Noreika, acting Comptroller of the Currency, in a statement. Today, the federal banking system remains healthy,” he continued. “As

Banking 46

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PYMNTS

APRIL 29, 2016

It announced an investment in Digital Currency Group, a bitcoin/blockchain startup-focused investment firm, which includes former Treasury Secretary Larry Summers, who is serving as an advisor and also put money up. Western Union just put its toe in the bitcoin/blockchain waters. This includes fines up to $38,000 (2.5

Currencies 42

Currencies Auditing Finance Economics 42

PYMNTS

APRIL 16, 2016

The United States Treasury department loves Hamilton so much — or is at least sufficiently terrified of Hamilton’s dangerously fanatical fan base — that it has decided that maybe the $10 bill doesn’t actually need a woman on the front. Everybody is starting to hate our third President, Thomas Jefferson.

Treasury 40

Treasury Banking Currencies Financial Systems 40

PYMNTS

JANUARY 21, 2021

Janet Yellen, President Joe Biden's nominee for Treasury Secretary, is expected to take a hard stance on cryptocurrencies, calling digital currency a “particular concern” that is used “mainly for illicit financing,” Arstechnica and other news outlets reported on Thursday (Jan. These are very real risks.”.

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Treasury Concentration Credit Risk Compliance 112

Future CFO

JUNE 7, 2020

The strong growth in foreign currency deposits in Singapore this year has come from diverse sources - domestic, regional and beyond the region - and for varied reasons, said the MAS. “No No single region or country source dominates,” the central bank noted, adding that those media reports are incorrect.

Currencies 40

Currencies Treasury Financial Systems Banking 40

CFO News Room

NOVEMBER 18, 2022

The remaining money was leveraged into the financial system. And this was accumulated into the financial system and financial markets. Treasury securities] and to give a bid to the gilt market to raise the level of gilts. As a result, the money just tsunamied upward in a very short period of time.

Banking 100

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PYMNTS

MAY 15, 2019

The combination of Visa and Earthport, he said, promotes “the ability to move money globally and efficiently, and at scale, making it simple for originators, [treasury banks and service providers] to do all this through a single connection. If you are a treasury bank, you have to operate in both of those spaces,” he explained. “T

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PYMNTS

FEBRUARY 19, 2020

Financial Intelligence Units (FIUs) from the 39-country Financial Action Task Force (FATF) and the Egmont Group Secretariat gathered in Paris to talk about the global repercussions of virtual assets, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. .

Treasury 60

Treasury Financial Systems Securities Finance 60

Barry Ritholtz

NOVEMBER 8, 2022

They’re actually just buying long dollars, treasuries. CHANCELLOR: They’re buying them to manipulate the currency of China, most of all. But then I suppose difference between Bernanke and me is that Bernanke has a sort of abstract view of economics, whilst I try and look at what’s going on in the real financial world.

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Valuation Finance Investments Banking 56

Barry Ritholtz

FEBRUARY 13, 2023

But since you mentioned getting return on the risk you take, how do you think about duration when the three-month Treasury is more or less the same or better than the 10-year? and what cross currency basis, et cetera, takes a while to assimilate at all. The dollar is the reserve currency in the world. RITHOLTZ: Oh, really?

Mergers and Acquisitions (M&A) 56

Mergers and Acquisitions (M&A) Investments Marketing Education 56

PYMNTS

AUGUST 6, 2018

It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for a sea change in how these financial upstarts might be both governed and cultivated. After the Treasury report debuted, the OCC advocated such charters, as well. Faster Payments, and Lending, Too.

Treasury 40

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PYMNTS

JULY 31, 2018

Treasury Department. financial technology efforts. The Treasury Department report, entitled “ A Financial System That Creates Economic Opportunities ,” serves as a response to executive order 13772, President Trump’s call to regulate the U.S. financial system around a set of core principles.

Securities 77

Securities Treasury Financial Systems Banking 77

PYMNTS

NOVEMBER 17, 2019

In its November Financial Stability Report , the central bank explained that “a global stablecoin network, if poorly designed and unregulated, could pose risks to financial stability. The failure of a stablecoin to operate as expected could disrupt other parts of the financial system.”.

Financial Systems 63

Financial Systems Treasury Currencies Economics 63

PYMNTS

JANUARY 15, 2018

The excitement kicked off on Monday with word that South Korea — one of the world’s busiest and priciest bitcoin trading hubs — was on the verge of banning digital currency exchanges. The Community Reinvestment Act (CRA) was first enacted in 1977 to make it easier for low-income and minority borrowers to access the financial system.

Currencies 44

Currencies Compliance Treasury Banking 44

Barry Ritholtz

NOVEMBER 7, 2023

And he says things like Bitcoin is a flock of cyber, hornets stinging the financial system to death. And, and here you referenced this in the book, but their business model now with Fed funds over 5%, you could get Riskless treasuries just about 5%. Put it in Riskless Treasuries. That’s not a bad business model.

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Numbers Profit and Loss Banking Finance 60