961 Results from 2012
Retired Member
“People got a bit lax,” Queen Elizabeth II said last week of the time leading up to the financial crisis. “Perhaps it was difficult to foresee.” The U.K.’s monarch also lamented that her nation’s Financial Services Authority “didn’t have the teeth” to curb risky business through 2008. And dental enhancements for global banking regulators continue ...
17 December 2012 /regulation
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
In 2013 banks will concentrate on producing results after the period of evaluation and investments in areas like SCF, Regulatory compliance, SEPA, integration of cash and trade. Banks will work to empower their corporate counterparty (e.g., the treasurer) while creating conditions to generate volumes for revenue growth. Transaction banking must giv...
15 December 2012 /wholesale Financial Supply Chain
Every crisis is an opportunity in disguise. The recent financial crisis was no different. Prior to the crisis, the treasury department was as an offshoot of the accounting department. Post crisis, the treasurer has assumed a more strategic role, moving beyond managing working capital to becoming involved in risk management across the organisation,...
14 December 2012 /wholesale
Robert Siciliano Security Analyst at Safr.me
There are two kinds of identity theft you must protect yourself from: New account fraud: Refers to financial identity theft in which the victim’s personal identifying information and good credit standing are used to create new accounts, which are then used to obtain products and services. Stolen Social Security numbers are often used to commit new...
14 December 2012 /security
Teens are spending more and more time online these days and while the Internet offers a variety of benefits it can also serve as a dangerous space –and not just in America. According to Exploring the Digital Divide study that examines teen online behavior, teens oversees and in the US are continually finding ways to hide their online activity from...
At a speech to the Bank of Canada this week, Mark Carney - the Bank of England Governor elect - suggested that central banks should abandon inflation targeting to boost flagging economies. He was talking to the CFA Society of Toronto but many have interpreted this as a smoke test of the strategy he will pursue when he takes up the BoE mantle next ...
13 December 2012 /regulation Financial Services Regulation
Solving the too-big-to-fail problem in banking just got international. Authorities could seize a Global Systematically Important Financial Institution (GSIFI) -- and dismantle it as appropriate -- under a joint plan by the Federal Deposit Insurance Corporation (FDIC) and the Bank of England released Monday. “For many GSIFIs, this strategy holds th...
13 December 2012 /regulation
The post-financial crisis era presents tremendous opportunities for central counterparties (CCPs) as demand rises for CCP clearing. To further grow their business, CCPs can explore the following opportunities: Increase participation – Currently, most participants of CCP services are major banks and dealers. Some firms are not able to meet CCP requi...
13 December 2012
Despite a few technical changes that have occurred in recent years, until now the traditional payments landscape hasn’t changed much since the first payment card was introduced a few decades ago. The Point-of-Sale (POS) has largely retained its primary focus of allowing retailers to accept and collect payments from consumers. This is rapidly chang...
13 December 2012 /payments /retail Payments strategies 2015-2020-2030
The Ancient Mayans predicted that the world will end on 21st December 2012. While some of us may laugh at those stocking up on the non-perishables or forgoing Christmas shopping, the Mayans – who considered themselves a developed economy – may have been on to something. While booming markets in Africa, India, Asia and South America delight global ...
12 December 2012 /payments Payments strategies 2015-2020-2030
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