Search Results for: banks
RBS embraces crypto-currencies in hackathon challenge
November 17th, 2014
A team from RBS took top honors at the Deloitte Digital #GoneHacking capital markets hackathon on Friday with a trading platform that utilised the Ripple protocol to handle integration with crypto-currencies. RBS built on top of its existing FXMicropay ...
Dubai Parks and Resorts Launches Dhs2.5bn IPO On DFM
November 17th, 2014
Dubai Parks and Resorts, the recently-created subsidiary of Dubai-based developer Meraas Holding, which is building a mega theme park complex in the emirate, announced on Monday that it has launched its Initial Public Offering (IPO) on the Dubai Financial ...
Islamic finance body IIFM launches collateralised murabaha standard
November 17th, 2014
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost use of a sorely needed liquidity management tool for Islamic finance institutions. The standard will serve as an alternative to repurchase ...
BoE’s Carney says may need to regulate bankers’ fixed pay
November 17th, 2014
Regulators may need to look at new rules to control the fixed pay of bankers as well as their bonuses so that it can be clawed back in the event of wrongdoing, the governor of the Bank of England ...
G-20 Plans $2 Trillion Growth Boost to Uneven Global Economy
November 17th, 2014
Group of 20 leaders agreed to take measures that would boost their economies by a collective $2 trillion by 2018 as they battle patchy growth and the threat of a European recession. Citing risks from financial markets and geopolitical ...
UK hands fraud agency all funds needed for forex probe
November 14th, 2014
Britain’s finance ministry will hand the country’s anti-fraud agency all the funds it needs to conduct a criminal investigation into alleged rigging of the $5.3 trillion-a-day currency market, a Treasury source said. Finance minister George Osborne has written to ...
Bubble Bobble – blowing and bursting bubbles
November 14th, 2014
Those of you that grew up in the mid 80’s might remember the pre-internet/smartphone era when playing electronic games involved leaving your home and physically going to an amusement park or arcade. This usually meant having to put metal ...
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
Central Bank of Ireland imposes fine of €3,500,000 in respect of IT governance failures by Ulster Bank Ireland Limited
November 13th, 2014
The Central Bank of Ireland (the “Central Bank”) has fined Ulster Bank Ireland Limited (the “Firm”) €3,500,000 and reprimanded it in relation to IT and governance failings by the Firm that resulted in approximately 600,000 customers being deprived of ...
Gold Demand in China Slumps 37% Amid Drive to Root Out Graft
November 13th, 2014
Gold demand in China shrank for a third quarter as slumping prices failed to boost the purchases of bars, coins and jewelry in the world’s biggest user and officials pressed on with a nationwide anti-graft campaign. Buying by Asia’s largest economy ...
