Government narrows cash mandate to supermarkets and petrol stations
New Government Regulations Foster Cash Transactions in Essential Retail Sectors In a move aimed towards modernising the payments infrastructure while maintaining the relevance of cash transactions, the government has released draft regulations. These new rules, once in force, will necessitate supermarkets and fuel retailers to accept cash payments. However, the mandate is narrower than initially […]
Banks chase AI-fueled efficiencies | Banking Dive
The Integration of AI in Financial Services Financial services companies have been increasing their investments in cloud, data, and cybersecurity to support their artificial intelligence (AI) initiatives. Leading banks such as Citi, Wells Fargo, JPMorgan Chase, and Goldman Sachs have been at the forefront of this industrywide AI push. These banks have not only incorporated […]
Geopolitics, crypto and inequality are systemic risks – ESRB panel
Emerging Systemic Risks in the European Union’s Financial System At the recent annual conference of the European Systemic Risk Board (ESRB), panellists discussed the emerging systemic risks to the EU’s financial system. These risks were identified as changes in geopolitics, the growth of the crypto sector and stablecoins, and the rise of private equity. Understanding […]
Banking Consultant, Contact Centre – Suncorp Bank (Multiple Vacancies) Based in Vietnam
About Us at Suncorp Bank Suncorp Bank is not just another financial institution. We are a dynamic and thriving entity that nurtures the professional growth of our employees within a culture of purpose and belonging. As a member of the renowned ANZ Group, we offer a seamless recruitment process where applications are directed through ANZ […]
What’s next in the fight over the CFPB’s open banking rule?
The CFPB’s Open Banking Proposal: A Battle Between Banks and Fintechs As the Consumer Financial Protection Bureau (CFPB) initiates its new open banking proposal, a rift is forming between banks and fintech firms. This conflict highlights the challenges of creating a regulation that allows consumers unrestricted access to their financial data. The Trump administration’s interpretation […]
Due process in bank regulatory actions is long overdue
The Need for a Restructured Supervision in Bank Regulation Real due process in bank supervision is not merely administrative housekeeping — it is fundamental to the credibility, fairness and effectiveness of the regulatory system, write Gene Ludwig and Wayne Rushton.Adobe Stock The call for a reformed structure in bank supervision and regulation is not new. […]
With advisors’ help, investors piled into private markets in 2025
Despite warnings about the dangers of private equity, credit, and similar assets, retail investors are piling ever-larger amounts of money into them. And advisors are becoming more willing to help them do it. These trends are evident in recent reports from Robert A. Stanger and Blackstone, which highlight the increasing interest in private markets among […]
M&T says Tricolor-related lawsuit could lead to losses
M&T Bank Faces Lawsuit Over Allegations of Failing to Protect Investors M&T Bank, a leading financial institution based in Buffalo, New York, could potentially face losses due to a lawsuit launched by a group of investors. The investors claim that Wilmington Trust, M&T Bank’s subsidiary, failed to protect them from the fallout resulting from the […]
Time to abolish the AOFM
Treasury Secretary Commissions Independent Review of the AOFM As part of an ongoing commitment to improving financial management in Australia, Jenny Wilkinson, the Treasury Secretary, has commissioned an independent review of the Australian Office of Financial Management (AOFM). The review is expected to provide valuable insights into the operations and capabilities of the AOFM, as […]
Director – Bank Regulatory Compliance Officer
Understanding the Role of Compliance Officer in TD Securities TD Securities, a leading financial institution with its headquarters in New York, United States, is on a mission to redefine banking for its clients, colleagues, and communities. With a robust workforce exceeding 6,500 professionals across 40 cities around the globe, the firm offers a wide range […]