China said it will merge its banking and insurance regulators, in a long - awaited move to streamline and tighten oversight
of the financial system in the world's second - biggest economy.
«This fintech pilot is part of the Bank's Strategic Plan 2017 - 2021... As the ECCB promotes the safety and soundness
of the financial system in the ECCU, it also has a responsibility to encourage and support innovation... To that end, blockchain technology merits our attention and consideration at this time.»
«I expect that the evolution
of the financial system in response to global economic forces, technology, and, yes, regulation will result sooner or later in the all - too - familiar risks of excessive optimism, leverage, and maturity transformation reemerging in new ways that require policy responses.»
The deregulation
of the financial system in the 1980s, and the floating of the exchange rate and abolition of exchange controls in 1983, were pivotal.
Our FSR, which as I mentioned is in progress right now and will be published in June, does go beyond what you call the core
of the financial system in order to dig around the weeds.
The shootings, like the collapse
of our financial system in 2008 and the ongoing devastation to our environment, are just symptoms.
Just some examples
of the financial system in an awkward state of unease: Velocity of money has been muted, pension funds have been impaired by burdensome discount rates, insurance companies haven't been able to write business at reasonable levels and savers have been penalized.
This has been a business model in existence for the entirety
of every financial system in history.
Investment Plans from India: Banks are the foundation
of the financial system in India.
Banks are the foundation
of the financial system in India.
The fifth edition, should there be one, will prove even more interesting as it surveys the end of the housing and credit bubbles, and the shape
of the financial system in their aftermath.
Article 28 of that Regulation gives the ESMA the power to intervene, under certain conditions, through legally binding acts in the financial markets of Member States if there is a «threat to the orderly functioning and integrity of financial markets or to the stability of the whole or part
of the financial system in the Union».
«As the ECCB promotes the safety and soundness
of the financial system in the ECCU, it also has a responsibility to encourage and support innovation consistent with the Bank's mandate to facilitate the balanced growth and development of member countries.
Not exact matches
The government would also have less ability to respond swiftly and strongly
in the event
of a shock to the
financial system.
To counter the fall
in downloads, Apple plans to bundle the music streaming service it acquired as part
of the $ 3 billion Beats Electronics deal earlier this year into its iOS operating
system, according to a report
in the
Financial Times.
Issuing bonds is one
of the most routine things that happens
in today's
financial system; governments and companies get a sum
of money today and pay interest on it over time, before paying back the principal at some agreed - upon future date, when the bond «matures.»
The Supreme Court agreed with the provinces, but left Flaherty an opening by ruling that Ottawa has a role
in matters
of national importance and scope, including preventing systemic risks
in the
financial system.
The Bank
of Canada observed something similar
in its June
Financial System Review.
In the interest
of proposing practical alternatives,
financial advisor educator Evelyn Jacks has 10 suggestions to increase the fairness
of the tax
system, including:
Office automation
systems are also often used to track both short - term and long - term data
in the realms
of financial plans, workforce allocation plans, marketing expenditures, inventory purchases, and other aspects
of business.
The banks got most
of the money when the U.S.
financial system imploded
in 2008 and it didn't work that well.
Pretty much from his first statements as governor
in 2013 — that's about $ 100,000 ago
in real estate appreciation terms — through to last week when the bank released its latest
financial system review, Poloz has walked a tightrope between admitting that elevated house prices and debt levels pose a risk to the economy, and assuring Canadians that the likelihood
of a crash is actually pretty low.
The banking
system has been weak for years as most institutions have failed to deal with the high level
of bad debt
in the wake
of the
financial crisis.
The collapse
of global
financial system in 2008 wrecked that fantasy.
In the fog
of crisis the government committed $ 14 trillion
of taxpayer money to various aspects
of the
financial system, mostly via outright purchases and loan guarantees.
«The minister
of finance, supported by the Department
of Finance, has ultimate responsibility for the
financial system and authority for all
financial sector legislation,» he said
in a speech
in Vancouver
in 2009, slamming the door on the efforts
of some
in Ottawa, including former Bank
of Canada governor Mark Carney, to create a more robust
system of financial oversight.
«The time has come to hold the crypto - asset ecosystem to the same standards as the rest
of the
financial system,» Carney said
in a speech.
In the wake
of the sovereign debt crisis, Europe began implementing measures to make its
financial system stronger.
In addition to that, the euro area has (a) worsening problems of political instability (Italy without government, unfolding corruption scandals in recession - hit Spain and France), (b) dysfunctional banking systems (weak banks and their impaired lending activities despite ample liquidity supplied by the ECB) and (c) lingering uncertainties about the financial system's credibility (problems with depositor and investor protection
In addition to that, the euro area has (a) worsening problems
of political instability (Italy without government, unfolding corruption scandals
in recession - hit Spain and France), (b) dysfunctional banking systems (weak banks and their impaired lending activities despite ample liquidity supplied by the ECB) and (c) lingering uncertainties about the financial system's credibility (problems with depositor and investor protection
in recession - hit Spain and France), (b) dysfunctional banking
systems (weak banks and their impaired lending activities despite ample liquidity supplied by the ECB) and (c) lingering uncertainties about the
financial system's credibility (problems with depositor and investor protection).
I would encourage you to remember that the current low levels
of interest rates, while
in the first instance a reflection
of the Federal Reserve's monetary policy, are
in a larger sense the result
of the recent
financial crisis, the worst shock to this nation's
financial system since the 1930s.
A new panel
of judges evaluates the applicants
in four areas: strategy (a vision and how that vision is communicated and managed); capability (does the company have the ability — the people, processes and
systems — to execute); commitment (the engagement and alignment, the culture to execute); and
financials, the numbers that prove the first three are driving results.
Despite Microsoft's remarkable
financial performance, as Microsoft CEO Ballmer failed to understand and execute on the five most important technology trends
of the 21stcentury:
in search - losing to Google;
in smartphones - losing to Apple;
in mobile operating
systems - losing to Google / Apple;
in media - losing to Apple / Netflix; and
in the cloud - losing to Amazon.
But «
in those countries and corners
of the
financial system where the traditional services
of money are inadequately supplied, Bitcoin (and cryptocurrencies more generally) may offer viable alternatives.»
Indeed, the broader inflation trends shown
in Friday's data confirm recent signs
of a more sure - footed recovery
in the world's second - biggest economy, allowing authorities to resist any fresh monetary easing as they move to curb an unsustainable build up
of credit
in the
financial system.
«And I think our overall judgment is that, if there were to be a decline
in asset valuations, it would not damage unduly the core
of our
financial system.»
In general, critics seem to say that the downpayment requirement would restrict lending without doing much to increase the safety
of the
financial system.
It pointed to the continued presence
of fragile fixed - income market liquidity as a key vulnerability
in the overall
financial system, while it repeats the risks
of a sharp increase
in long - term interest rates, stress from emerging markets like China and prolonged weakness
in commodity prices.
Secondly, he noted «the root causes
of the global crisis have not been prop ¬ erly tackled» with the
financial system remaining «the Achilles heel
of the world economy» and thirdly, «little progress is being made
in reducing working poverty and vulnerable forms
of employment such as informal jobs and undeclared work.»
Vulnerabilities linked to greater imbalances
in regional housing markets and the continued rise
of household debt were higher than they were six months ago, the bank said
in its latest
financial system review.
«Treasury will continue to put pressure on North Korea by targeting those who support the advancement
of nuclear and ballistic missile programs and isolating them from the American
financial system,» Treasury Secretary Steven Mnuchin said
in a statement accompanying the sanctions announcement.
While cryptocurrencies are currently too small an asset class to pose systemic risks to the
financial system, that may change as the space continues its rapid evolution, Mark Carney, chairman of the Financial Stability Board, said in a letter to G - 20 finance leaders publishe
financial system, that may change as the space continues its rapid evolution, Mark Carney, chairman
of the
Financial Stability Board, said in a letter to G - 20 finance leaders publishe
Financial Stability Board, said
in a letter to G - 20 finance leaders published Sunday.
But the downturn
in the 1980s was caused by the sudden and massive increase
in interest rates by the Paul Volcker - led Federal Reserve, not a meltdown
of the global
financial system.
When the Bank
of Canada cut interest rates
in 2015 to offset the collapse
of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings
in the oil patch could mean for the
financial system.
If you have your accounting data stored locally and don't have a backup
system in place, you can risk loosing all
of your
financial information should the computer crash.
You sit back and work out all
of the cogs
in the
system and handle the
financial issues.
For instance, it may be hard for people without a reasonably intimate knowledge
of the
financial system to understand JPMorgan's «London Whale» trading scandal
in 2012 or the Barclays Libor - rigging scandal
in 2014.
The Western - dominated global
financial system relies on a slew
of internationally agreed - upon rules, norms and institutions that let countries trade and invest
in each other.
You will need everything from a well - furnished reception area and customer - friendly employees to reliable accounting software, a fax machine and an efficient
system for carrying out
financial transactions whether
in the form
of physical cash, checks or credit cards.
In appropriate cases, small business owners who have been victims
of crime can use the power
of the criminal judicial
system to recover
financial losses at little or no additional expense.
The alert noted that
in a recent SEC Office
of Compliance Inspections and Examinations study
of 75
financial firms, 5 percent
of broker - dealers and 26 percent
of advisors and investment funds did not conduct periodic risk assessments
of critical
systems to uncover vulnerabilities, potential business consequences and other cybersecurity threats.