I thought let us talk about some of the rules and its impact on different regions Basel liquidity rule Covers : Banks worldwide What it does : Requires banks to hold enough cash or assets which can meet all debt coming due within 30 days. Impact : It ensures banks won’t run out of money even during any credit crisis. Thus forcing them to hold more ...
22 November 2014 Financial Services Regulation
Financial Institutions (FI) follow different solutions to fulfil compliance requirements. We can divide this into following different models: 1. Option 1 : in-house, in-country This option is will help FI to keep all the compliance functions in-house. Advantages: • It works great when FI has significant presence in the country • Helps to build go
13 September 2014 Financial Services Regulation
The management of intraday liquidity – defined by the Committee on Payment and Settlement Systems (CPSS) as “funds that can be assessed during the business day, usually to enable financial institutions to make payments in real time” – is now in the spotlight. Sources of this type of liquidity include central bank reserve balances, liquid assets on...
12 June 2014 Financial Services Regulation
Thanks Thom for sharing insights on CRS/FATCA. Global CRS scope is indeed much wider. Also, as you rightly said it involves the systematic and periodic transmission of bulk taxpayer information from the source jurisdiction to the taxpayer’s country of residence. Thus, skipping tax information will be difficult. Additionally, it will also multiply the monitoring and reporting obligations of Financial Institutions (FI’s)
02 Aug 2016 03:34 Read comment
I will not be surprised if we will be having more and more new regulations will be imposed on the financial institutions. Thus focus should be on 1 system which can take care of majority of it instead of have 1 product per regulation. For example instead of buying 1 product for FATCA, 1 for regulatory, another one for BASEL instead we should 1 product which can take care of all of them.
30 Jul 2013 10:15 Read comment
I think regulator in the country should ask the bank to pay high fines if customers/common man is not able to access bank's ATM after some pre-defined time span
14 Mar 2013 05:52 Read comment
Banking Architecture
Financial Risk Management
Financial Services Regulation
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