Archive for the ‘Banking’ Category
Banking: Sector locks the stable door after the horse has bolted
In the maelstrom of the financial upheaval, banks suffered a battering not just to their balance sheets but to reputations. The mix of accusations – of excessive risk-taking, inflated rewards and poor controls – added to government bail-out billions and hostile public opinion forced banks to take decisive action.
June 21, 2010
Posted in: Banking, General News, Management 
No Comments
FSA Scrapped, Bank Stress, UBS Accounts: Compliance
U.K. Chancellor of the Exchequer George Osborne said he will abolish the Financial Services Authority and give most of its power to the Bank of England, undoing the regulatory system set up by Gordon Brown in 1997, which Osborne blamed for failing to prevent the financial crisis that plunged the nation into recession.
June 21, 2010
Posted in: Banking, Finance, Regulation and compliance No Comments
NDIC slams universal banking, says inherent risks were not considered
Nigeria Deposit Insurance Corporation (NDIC), at the weekend, slammed the universal banking system, saying that its introduction was not followed by serious thoughts of the risks inherent in the operations of financial supermarkets and the need to mitigate them appropriately.
June 21, 2010
Posted in: Banking, Management No Comments
Future of Risk Management in Indian Banking Industry
The Indian Economy is booming on the back of strong economic policies and a healthy regulatory regime. The effects of this are far-reaching and have the potential to ultimately achieve the high growth rates that the country is yearning for. The banking system lies at the nucleus of a country’s development robust reforms are needed [...]
June 21, 2010
Posted in: Banking, General News No Comments
Banks Have Billions at Stake as Rulemaking Heads to Agencies
While Congress puts finishing touches on its financial-regulatory overhaul, Wall Street lobbyists are preparing for a new battle out of the public spotlight and inside nearly a dozen federal agencies.
June 21, 2010
Posted in: Banking, Market, Regulation and compliance No Comments
Most big banks not even paying lip service to risk-based pay
Last October the Federal Reserve issued proposed guidance to banks on the structure of bank pay. The reason for the guidance was the need for banks to change pay so it would no longer encourage the excessive risk taking that led to the financial crisis.
June 21, 2010
Posted in: Banking No Comments
Banks’ risk management failures blamed on weak layers of protection
Central Bank governor Patrick Honohan called for an inquiry into the causes of the banking crisis last December. At an Oireachtas committee yesterday he said there may not be a need for a full-blown, statutory commission of investigation, as a lot more is now known.
June 21, 2010
Posted in: Banking, Europe No Comments
Tightening risk management
The ongoing debate in the US over new financial rules may not have direct impact on the local banking scene but it is still important to monitor the developments that may influence the thinking of policymakers and market behaviour.
May 2, 2010
Posted in: Americas, Banking, Europe, Finance, Market No Comments
Stay away from bad banks and risk insurance
THE GOVERNMENT has put €7 billion of public money into AIB and Bank of Ireland, but it has also employed economist Peter Bacon “to assess the possibility of creating a bad bank or risk insurance scheme to take so-called toxic debts off the banks’ balance sheets in a bid to free up new lending”.
March 5, 2009
Posted in: Banking, Insurance No Comments
British Regulator Quits as Accusations Mount in Banking Crisis
The deputy head of the watchdog agency that regulates Britain’s banks resigned hurriedly on Wednesday after he was accused of firing a whistle-blower who had warned in 2004 that Halifax Bank of Scotland, or HBOS, the fast-expanding mortgage lender both men then worked for, was accumulating levels of debt that put it at unacceptably high [...]
February 12, 2009
Posted in: Banking One Comment