Banking systems
Gold-rich Laos hits mother lode with S-E Asia’s first bullion bank amid inflation, currency blues
Lao Bullion Bank offers traditional deposit, withdrawal and transfer services, alongside unique offerings such as gold vending machines, certificates that can be used as collateral
UBS faces tough new Swiss banking sector rules
The key proposal is that UBS must fully capitalise its foreign units
Expect more investment flows between Europe and Asia amid US uncertainty: Euroclear CEO Valerie Urbain
The company, which had a representative office in Singapore, has opened a branch in the city-state
Singapore banks, insurers in ‘good position’ to withstand severe macrofinancial shock: MAS
Most investment funds also have enough liquidity to meet redemption shocks, its liquidity stress-simulation tests have found
Singapore proposes anti-scam law to let police order restrictions on bank transfers
Individuals ‘reasonably believed’ to be targeted by scammers can be prevented from transferring money out of their bank accounts
The true cost of downtime: Businesses risk losing over $200 million annually in revenue, and customer trust
While system disruptions can’t always be avoided, integrating technology with human expertise enables organisations to detect, investigate and respond faster, says a Splunk expert
US regulators unveil new bank rules to improve financial stability
US REGULATORS have announced plans for new banking rules to mitigate against future failures, as they move to prevent a repeat of the rapid banking collapses seen earlier this year.
FDIC says Signature oversight hampered by lack of New York Staff
THE Federal Deposit Insurance Corp (FDIC) acknowledged it was too slow to respond to problems at Signature Bank before the lender’s rapid collapse last month, partly due to a staffing shortage in its ...
The Fed is doing too much, all at once
Beating inflation is crucial for the US Federal Reserve. But so is promoting full employment. And don’t forget about preserving the stability of the financial system.
Fresh scrutiny on CoCo bonds: Wealthy families advised to tread carefully
Forced write-down of Credit Suisse’s CoCo issuances has made investors wary; spreads on CoCo debt set to widen, making it more costly for bank to go to market
