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Wirecard flourished in regulatory blind spot that’s growing

On Jul 7, 2020
@FintechBot shared
Wirecard flourished in regulatory blind spot that’s growing https://t.co/Kd2wUZ78nL by @BankInnovation 2020-07-07 18:51:58
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Wirecard AG's collapse displayed a growing blind spot for the guardians of the world's financial system: how do you regulate a firm that acts like bank, but

bankinnovation.net
On Jul 7, 2020
@FintechBot shared
Wirecard flourished in regulatory blind spot that’s growing https://t.co/Kd2wUZ78nL by @BankInnovation 2020-07-07 18:51:58
Open

Wirecard flourished in regulatory blind spot that’s growing

Wirecard flourished in regulatory blind spot that’s growing

Wirecard AG's collapse displayed a growing blind spot for the guardians of the world's financial system: how do you regulate a firm that acts like bank, but

Lane approaching fork in road as prospect of ECB post nears

Lane approaching fork in road as prospect of ECB post nears

TCD and regulatory roles position Central Bank governor for ECB chief economist job

A Decade After the Great Recession, Is the Global Financial System Safer?

A Decade After the Great Recession, Is the Global Financial System Safer?

While reforms since the financial crisis have increased the resilience of banks, some risks have shifted to less regulated institutions and markets.

Luis de Guindos: Challenges for bank profitability

Luis de Guindos: Challenges for bank profitability

Speech by Mr Luis de Guindos, Vice-President of the European Central Bank, at the OMFIF City Lecture, London, 1 May 2019.

Challenges for bank profitability

Challenges for bank profitability

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so ...

Lagarde Vows to Put Climate Change on the E.C.B.’s Agenda

Lagarde Vows to Put Climate Change on the E.C.B.’s Agenda

Lagarde calls climate change a “pressing global” challenge and promises the European Central Bank will focus on the risk when she arrives in November.

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

Exclusive: Germany missed chances to put Wirecard on watchlist, source says

German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central banks but no action was taken, a ...

BIS wants central banks at center of digital cash revolution

BIS wants central banks at center of digital cash revolution

Central banks must embrace the revolution under way in digital money to ensure they remain at the heart of the global payments system, according to the head of

Response and responsibility: Banks and the fight against Covid-19

Response and responsibility: Banks and the fight against Covid-19

Banks have been trying to rebuild trust since the global financial crisis. They have touted corporate responsibility and stakeholder capitalism as core tenets of their businesses. Covid-19 ...

Morning Scan Trump tweets Fed nominee names; Deutsche in selling mode

Morning Scan Trump tweets Fed nominee names; Deutsche in selling mode

The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business.

IBS Intelligence Global FinTech Innovation Awards 2019

IBS Intelligence Global FinTech Innovation Awards 2019

What got the FinTech industry talking through 2019

The Single Supervisory Mechanism: were expectations fulfilled?

The Single Supervisory Mechanism: were expectations fulfilled?

Here as well, more work needs to be undertaken to improve the informative value of stress tests, focused on scenario design, stress test methodology and the link between stress test results ...

Coronavirus crisis: This time banks could be the good guys

Coronavirus crisis: This time banks could be the good guys

European authorities are helping lenders but expect them to keep money flowing.

Achieving Diversity and Inclusion in the Banking Sector: a Work in Progress

Achieving Diversity and Inclusion in the Banking Sector: a Work in Progress

Diversity and inclusion have recently become top goals in the strategic policies of many banks, but how is execution matching up? Research continues to expose large gaps between good ...

What to Expect as Cash Moves Out and Digital Currency Moves In

What to Expect as Cash Moves Out and Digital Currency Moves In

The rapid pace and sheer scale of innovation in digital currencies and mobile payments indicates that a monetary revolution is forthcoming. The choice for governments and central banks is ...

Canadian data aggregator Flinks lands $11.8m led by NAventures

Canadian data aggregator Flinks lands $11.8m led by NAventures

Flinks, a Canadian fintech which provides data aggregation services, has landed CAD 16 million ($11.8 million) in a Series A round led by NAventures.

Bank for International Settlements warns: Facebook’s Libra crypto project could pose risks to banks

Bank for International Settlements warns: Facebook’s Libra crypto project could pose risks to banks

The Bank for International Settlements (BIS), considered to be the central bank of central banks, has warned that Facebook's planned cryptocurrency project, Libra, could harm the banking ...

MD’s Keynote Speech—National Development Bank in Lithuania: Aims and Effective Governance

MD’s Keynote Speech—National Development Bank in Lithuania: Aims and Effective Governance

I thank President Nausėda for the invitation to join you today to discuss the Lithuanian financial sector and weigh the pros and cons of establishing a public bank. They can fulfill ...