On Thursday, Haruhiko Kuroda, the Governor of the Bank of Japan stated, central banks are facing new issues from climate-related risk which must be mitigated to maintaining financial stability. “Natural disasters, such as the strong typhoon that struck Japan in… Read More ›
SEC Chairman Jay Clayton’s efforts to clean up the securities market are paying off. In a statement, the Securities and Exchange Commission (SEC) disclosed, BMO Capital Markets and Cantor Fitzgerald & Co have agreed to pay $3.9 million and $647,000… Read More ›
Chubb joins a growing stream of financial institutions who are scaling back their exposure to coal. In a significant development, insurer Chubb Ltd disclosed, it has decided to cut its exposure to coal-powered plants operators and that it would not… Read More ›
Although risk premiums for the GACS scheme are pricey for the Italian government, but given its size of 100 billion euros, the Italian government is likely to be hard pressed on ways to significantly trim it no matter how complicated… Read More ›
Any pending supervisory concerns for the London-based banks relocation relocating to the Euro Zone will be addressed in the coming weeks. In a statement that essentially amounts to a call for action, European Central Bank supervisory chief Anrea Enria stated,… Read More ›
Although regulators introduced MiFID II in order to bring about increased transparency and ensure that investors get a fairer deal, but with the reduced cost of market research, the market dominance by large financial institution is quickly becoming an issue…. Read More ›
Big banks, including Citigroup Inc, JP Morgan Chase & Co, American Express Co, are looking for ways to boost credit card usage while cutting back on the rewards program. This is a must read if you were eyeing that free… Read More ›
Backers of Brexit want new financial rules to be not overly burdensome. The FCA and its sister concern the Prudential Regulation Authority at the Bank of England clearly have their task cut out. According to a top UK regulator, investors… Read More ›
The move is aimed at ensuring Japanese lenders comply to norms prescribed by the Financial Action Task Force which will review Japanese lending practices in 2019. A critical report will place Japanese lenders out of the global banking network. On… Read More ›
The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›
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