financial systems

Max Keiser and Stacy Herbert of RT's Keiser Report discuss a possible rally in gold prices, accompanied by a weaker US dollar. They also discuss the perspectives for the global economy, which is set to grow in the next two years at the fastest pace in two years, but is predicted to cool down in 2020.

The United Nations Environment Programme Financial Inquiry launched a new report, “ Making Waves: Aligning the Financial System with Sustainable Development.” The report reviews progress between 2014 and 2017. In 2014, there was a mix of skepticism and optimism. Today, there is momentum for ...

A European Parliament committee wants to make the financial system more resilient, align it with long-term climate goals and channel more investment into sustainable projects. A new report on sustainable finance from the Economic and Monetary Affairs Committee, issued Tuesday, calls for a "label" to ...

"Maintained stability in the financial system is reflected in the high Capital Adequacy Ratio (CAR) of the banking industry, reaching 23.1 percent, and liquidity ratio, 23 percent, in February 2018," Agusman noted in a statement on Monday. Meanwhile, the banking industry has maintained stable ...

The Bank of Japan's (BOJ) deputy governor spoke negatively about the effects of central bank-issued digital currencies (CBDC) on the current financial system in closing remarks at a fintech conference, published yesterday, April 16. In his remarks, Deputy Governor Masayoshi Amamiya stated that while ...

Christine Lagarde, managing director of the International Monetary Fund (IMF), is arguably one of the world's most influential voices on global financial regulation. She has previously argued that cryptocurrencies are here to stay and must therefore be regulated through proactive use of distributed ledger ...

The U.S. House of Representatives advanced legislation on Tuesday that would help financial institutions and law enforcers identify human traffickers using the financial system. The End Banking for Human Traffickers Act, H.R. 2219, would add the secretary of the treasury to the President's Interagency ...

The governor of the Bank of England has warned of the “catastrophic impact” climate change could have for the financial system unless firms do more to disclose their vulnerabilities. Telling banks and insurers they would need to provide more information about the risks they might face from climate change, ...

New report from the International Monetary Fund highlights the risks of non-bank finance, which helps hide debt levels in the financial system. The debt has shifted over to the so-called shadow banking system. Federal Reserve officials love to say the risk of another financial crisis has been severely ...

It's been exactly a decade since the collapse of Bear Stearns that prefaced the banking crisis of 2008. So you would think that by now investors might have absorbed and learned their lessons from financial history, namely that purchasing debt backed by questionable cash flows can backfire. Yet, last ...

As cyber-threats against the financial sector become more frequent, complex and sophisticated, cross-industry coordination around response and recovery mechanisms are essential to mitigating the systemic consequences of a large-scale cyber-led attack according to the joint white paper by DTCC and ...

Fed's Brainard, (dove), has hit the wires saying that risks to the U.S. Financial system are 'moderate' though the Fed is monitoring effects of fiscal stimulus. Fed's Brainard: Financial asset valuations stretched, cyclical pressures building. Asset prices may be particularly vulnerable to outside economic shock.

GE Healthcare to Sell Ambulatory EHR, Financial Systems for $1.05B. The health IT company has agreed to sell its Value-Based Care Division, including its ambulatory EHR system and financial management solutions. Veritas will acquire GE Healthcare's Value Based Care Division. Source: Thinkstock.

Korea's central bank chief said Monday that the country's monetary policy tools will be used to support the economy and maintain financial stability at the same time. "It is necessary to manage monetary policy in such a way as to make the financial system more stable and help the momentum for recovery," ...

Capitalism has been a key force behind human progress for centuries. But as the power of the finance sector has grown, public interests have been sidelined, and human rights concerns have been ignored. The following shortened excerpt from Necessary Evil takes a look at how the finance sector has ...

Cyber attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defenses against the menace. “The risks connected with these attacks are growing in sync with the pace of ...

Yi Gang, newly named governor of the People's Bank of China, said the country would gradually open up to foreign investors in a speech Sunday at the China Development Forum in Beijing, according to a Reuters report. This would also include reforms of the country's economic and financial system, as an ...

Leading uniquely at the intersection point of technology and social good, Blackbaud provides software, services, expertise, and data intelligence that empowers and connects people to advance the social good movement. We serve the entire social good community, which includes nonprofits, foundation, corporations, ...

While much has been accomplished to make the financial system more resilient, the job is not done, Senior Deputy Governor Carolyn A. Wilkins told the audience today at a conference on lessons from the crisis at the University of Toronto's Rotman School of Management. “We have accomplished much ...

The Accounts Commission said failures in Dundee City Council's financial systems allowed a former employee to steal £1m from the authority. Mark Conway was jailed for five years and four months in 2017 after admitting carrying out the seven-year fraud. The Commission's report said this could have been ...

The European financial system, despite some improvements, remains rotten at the core and is a danger to many of the Continent's national economies. How can that be ten years after the onset of the last crisis and after so many legislative and regulatory changes? Alas, it is because the basic political ...

The government and the Reserve Bank of India should make sure that the ₹13,000-crore PNB scam does not lead to a “fear psychosis” in the financial system which chills economic activity in the country, a prominent industry lobby has said. Emergence of the scam should not lead to a “paralysis” and “fear ...

Speaking at an interaction programme on 'Digital Finance in Nepal' today, which was jointly organised by the Society of Economic Journalists — Nepal (SEJON), United Nations Capital Development Fund (UNCDF) and Nepal Rastra Bank (NRB), the stakeholders said that enhanced digital financial system ...

In Bruce Norris's satire of human frailty and American finance "The Low Road," there are no redeeming figures. All types of people are skewered by his pen: capitalists, aristocrats, philanthropists, liberal theater goers. The result could be a bleak work. But instead, it's raucous, raunchy, inventive and ...

Decentralized cryptocurrencies like Bitcoin and Ethereum have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which hackers and bad actors can target.

Brussels has moved even faster than green finance experts hoped to bring forward its Sustainable Finance Action Plan, a document stuffed with measures to change the way financial markets operate and make them better fitted for the fight against climate change. By Jon Hay; 08 Mar 2018. Some of the moves, ...

The Bank of England's (BoE) Governor has become the latest to take a stand against the cryptocurrency market, calling for the industry to be held to the same standards as the traditional financial system. Addressing the inaugural Scottish Economics Conference, at Edinburgh University, via a video link, ...

Traditional Financial Systems all around the globe are among the most significant critics of cryptocurrencies, amid the emerging possibility that cryptocurrencies can steal a massive amount of market share from banks in the days to come. Cryptocurrencies don't require any intermediation for processing the transaction; this ...

The modern focus on terrorism has galvanized efforts to stop the global financial system being used to launder money and fund terrorist activity. This effort is crucial and should continue. But the crackdown has had unintended negative consequences in developing countries. Tighter requirements ...

The lifeblood of criminal enterprises all over the world is revenue. Money fuels terrorists, transnational criminal organizations, and crooked kleptocrats. These criminals need to launder their ill-gotten gains. Although this dirty money often comes from the most corrupt, unstable countries in the world, it often ...

By Tobias Adrian, the Financial Counsellor and Director of the IMF's Monetary and Capital Markets Department. The current economic environment remains favorable, but short-term risks to global financial stability have increased in the past six months, as a result of a spike in stock market volatility in ...

The U.S. Customs and Border Protection seeks information on vendors that can provide financial system support services. CBP said Tuesday in a FedBizOpps notice that it plans to award a blanket purchase agreement with a one-year base ordering period and four option years for financial systems ...