Sentences with phrase «authority over banks»

It has no regulatory authority over banks and other market participants, so psychology is the only lever it can pull when it doesn't want to raise or lower interest rates.

The Fed reserves broad authority over banking activities, and researchers from the Federal Reserve Bank of New York have speculating that the Fed is looking to crackdown.

Not exact matches

Mueller's indictment document alleges that Gates and Manafort set up offshore bank accounts that they then failed to disclose to the proper authorities, and laundered over $ 75 million through these accounts.

The French bank Societe Generale hopes to reach settlements with authorities over recent regulatory investigations in the next weeks or months, its chief financial officer told CNBC Tuesday.

They are probing Societe Generale SA over allegations of bribery related to the bank's work with the Libyan Investment Authority, while Airbus SE reportedly risks a fine in excess of $ 1 billion in a case also run by U.K. watchdogs.

The two banks, however, will still face prosecution in Australia over the matter and, potentially, from overseas authorities.

The bank in its fourth quarter of 2017 also set aside a reported # 746 million for additional potential legal penalties over a personal protection insurance (PPI) mis - selling scandal, and the U.K.'s Financial Conduct Authority has set an August deadline for the PPI claims.

Unlike many central banks, Canada's monetary authority has little regulatory power over the banking system.

Markle would also be subject to the reporting requirements for Foreign Bank and Financial Accounts, or FBAR, for accounts over which she has ownership or signatory authority.

The Central Bank authorities knew DB was going to collapse when Anshu Jain was fired in June 2015, literally about 2 weeks after DB's board had given Jain even more control over bank operatiBank authorities knew DB was going to collapse when Anshu Jain was fired in June 2015, literally about 2 weeks after DB's board had given Jain even more control over bank operatibank operations.

If the FDIC had authority over insolvent non-bank financials and bank holding companies, it could wipe out equity and an appropriate amount of bondholder capital, and sell the fully - functioning residual to an acquirer, as is typically done with failing banks, without any loss to depositors or customers.

«The FTC has no authority over nonprofits, no authority over common carriers like telecommunications or transportation, airlines, banking,» Kovacic said.

The clear public commitment by the authorities (the Government and the Bank) to maintaining low inflation over the medium term appears to have been an important factor in turning around expectations.

The executives» corner - cutting on compliance adds to the embarrassment and regulatory headaches for Zurich - based Credit Suisse, which has had to pay billions of dollars of fines to U.S. authorities in recent years over a wide range of allegations, including mis - selling of mortgage - backed securities, deficiencies in its anti-money-laundering program, front - running clients on foreign - exchange trades and violating U.S. sanctions by secretly funneling money from Iran through American banks.

The end of a five - year agreement over money - laundering lapses removes the threat of authorities yanking the bank's U.S. licence.

During a meeting with Taiwan's legislative arm Monday, central bank governor Yang Chin - long was questioned over how the banking authority would address the current «opacity» in bitcoin trading in the country, as highlighted by the -LSB-...]

After confronting the «knowledge problem» at the heart of discretionary monetary policy — that policymakers are unable to know the true structure of an increasingly complex and global economic system — Dorn calls for the establishment of a Centennial Monetary Commission to evaluate the performance of the Fed over its 100 - plus years of discretionary monetary authority and to discuss how best to reform the country's central bank.

The inaugural Singapore Fintech Festival, a week - long event organized by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore (ABS), was one of the biggest fintech events ever organized, drawing over 10,000 participants from

While in Singapore PayNow was introduced by the country's banking association in July, and has over 500,000 registrations, according to a Monetary Authority of Singapore release in August.

The UTI functioned under the authority of the Reserve Bank of India until 1978 when the Industrial Development Bank of India took over the regulatory and administrative control.

While bitcoin was developed to disintermediate such centralized monetary authorities, the Bank of England believes it could use the technical ideas behind it to impose more control over its currency and provide new ways to stimulate the economy.

Rome, Italy (CNN)- Italian authorities are investigating the Vatican Bank over possible violations of money laundering regulations, the Bank of Italy told CNN Tuesday.

Mahmoud Abbas has been threatening to dismantle the Palestinian Authority over and over since April 2010, saying he would hand over «the keys» for the occupied West Bank to the Israeli government; while in 2011, Greek Prime Minister Papandreou threatened to leave the Eurozone and called a popular referendum on austerity measures, which implicitly questioned membership in the euro zone.

Consider for example the European Banking Authority (EBA), set up in 2010 to bolster European oversight over the banking sector: forty percent of its expenses are paid for through the EU Banking Authority (EBA), set up in 2010 to bolster European oversight over the banking sector: forty percent of its expenses are paid for through the EU banking sector: forty percent of its expenses are paid for through the EU budget.

The Oslo Accords created the Palestinian National Authority, and granted this new government partial sovereignty over most of Gaza and around half of the West Bank.

News outlets reported that Mr. Banks and Mr. Bratton disagreed over how much authority Mr. Banks would have in the department after he was promoted.

Alistair Darling has unveiled proposals to make it easier for the banking authorities to take over troubled banks.

This happened in December, when a holding pond at the Tennessee Valley Authority's Kingston Fossil Plant spilled over its banks.

This will be a brief note because it is late, but the state insurance commissioners lack authority to favor one class of claimants over another to the degree of setting up a «good bank / bad bank» remedy, where municipalities get preferential treatment ovr other potential claimants.

In support of this action by the City, the George Kaiser Family Foundation, which has been land banking properties on Turkey Mountain for over a decade, announced that it will deed its properties to the River Parks Authority for inclusion in the Turkey Mountain Urban Wilderness.

The Export - Import Bank, over which the president has authority, has come under fire from environmental groups for financing coal plants in less - developed countries.

The Financial Conduct Authority's compensation scheme has led to the settlement for over 13,000 claimants with interest rate swap agreements worth about # 2 billion, so if Wingate is successful the case could become a catalyst to further similar legal claims against the banks.

We look forward to supporting the FSCS in - house team with whom we have worked closely for over 7 years in recovering money from the Icelandic Banks on behalf of local authorities».

Paul has acted for foreign governments, sovereign wealth funds, financial regulators, hedge funds, the Jersey Financial Services Commission, local authorities, major corporates, banks, major airlines and high net worth individuals, and he has spent considerable time working for clients in Asia, the Middle East and Africa over the course of his career.

Although the FTC has jurisdiction over ads for most products and services, Congress has given other government agencies the authority to investigate advertising by airlines, banks, insurance companies, common carriers, and companies that sell securities and commodities.

Deutsche Bank AG and Ors v Asia Pacific Broadband Wireless Communications Inc (as junior to Christopher Butcher QC and Jawdat Khurshid): instructed on behalf of Asia Pacific Telecom in a Commercial Court claim (trial set for ten weeks) worth over US$ 200 million raising intricate questions of authority, restitution and the conflict of laws.

Insurance Regulatory Development Authority of India (IRDAI) is contemplating over a superior choice to articulate Bancassurance - the process of involvement of banks for the sale of insurance related products.

Mar 12, 2014, MUMBAI: IRDA, the insurance regulatory authority has ordered SBI life to refund Rs. 275 crore making it the biggest refund order in the history of the Indian insurance industry, a move that shall benefit over 7.5 lakh borrowers of State Bank of India Group.

During a meeting with Taiwan's legislative arm Monday, central bank governor Yang Chin - long was questioned over how the banking authority would address the current «opacity» in bitcoin trading in the country, as highlighted by the recent price plunge, according to Taiwan's Central News Agency.

The point of Bitcoin is that it brings an entire new underlying finance system which is borderless, neutral, peer - to - peer, (relatively) anonymous and instant — it's a new way to transfer value all over the world, where no bank and authority is needed anymore.

Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said.

It also requires US holders of a financial interest in or signatory authority over foreign financial accounts (including crypto denominated accounts) to file a foreign bank account report titled FinCEN 114 if the aggregate value of the foreign financial accounts exceeds $ 10,000 at any time during the calendar year.

«Each bank's interpretation and execution of the policy is different, and so it may be that the current situation is an over (ly careful) reading of the policies by the authorities, and so it is not necessarily the case that all banks will stop business with bitcoin exchanges.»

A politician mentioned a national digital asset trading platform over a blockchain that the Central Bank would oversee, while other authorities called for a decentralized blockchain system based on a centralized structure.

One politician even called for a national digital asset trading platform over a blockchain that would be overseen by the central bank and other authorities.

Six of South Korea's biggest banks are under surveillance by authorities this week as pressure mounts over cryptocurrency exchange services.

Six months later, a lack of consensus among multiple Korean authorities, including the central bank and multiple governmental ministries, over a unified regulatory approach left the plan in limbo.

Central banks all over the world do not have authority over Bitcoin, which increase Bitcoin's credibility and transparency.

Over twenty years of progressive banking experience Fifteen years of successful and effective... knowledge and experience with the needs of a financial institution that offers challenge and the opportunity... appropriate level (s) of authority Tracking of annual financial reporting requirements Completion of Annual R

Another side, as to the issues mentioned above, any other party to that transaction, agent, title folks, bank, attorney, or even the seller's 3rd cousin who came over for dinner may very well see you as some scam artist and get on the phone getting who knows what authority involved.