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World’s Best Banks 2024: Global Winners

Global Finance

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111
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Central Banker Report Cards 2024: Asia-Pacific

Global Finance

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Bangladesh has suffered years of financial system dysfunctionality. Non-performing loans in the banking system fell to 5.3%, the lowest level since 2015, and of the 33.3%

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10 years under EMIR and it may change again…

Simply Treasury

The European Market Infrastructure Regulation is an EU regulation aimed at reducing systemic counterparty and operational risk and thereby prevent future financial system collapses. EMIR requires the reporting of all derivatives, whether OTC or exchange traded, to a trade repository. Does EMIR work (in practice)?

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'Indian economy making new records when several economies are struggling': PM Modi at RBI’s 90th anniversary ceremony

CFO News

Over the years, the RBI's responsibilities have expanded to include monetary management, financial system regulation, foreign exchange management, currency issuance, payment system oversight, and developmental functions.

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StanChart Hit With $40M Fine For Transaction Rigging

PYMNTS

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013.

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How APIs Are Fostering Collaboration Between FinTechs And Banks

PYMNTS

As more FinTechs seek to engage with banks’ financial systems, Carone said APIs are going to be play a key role in helping these newcomers work effectively with more established financial institutions’ legacy systems. You’ve got to establish systems to grow in ways that the market is demanding,” Carone said.

Banking 80
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Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov.