Podcasts about banking supervision

Argentina dismisses Tax Chief - Be Like Milei :: Milei dismisses tax authority over tax on streamers :: Musk comes out swinging against spending package, Republicans on board, sort of :: Yellen sounds panicky about Trump interfering with Banking Supervision (lol) :: Should there be competition in money? We say yes. :: Former libertarian says DOGE goal of cutting gvmt spending by $2T is a pipedream :: Sara talks Whole Foods and Amazon :: 2024-12-18 :: Hosts: Chris R., Stu

Climate change, and policies that governments implement to address it, increasingly have macroeconomic impacts that are relevant for Central banks. But, within their remit, what actions can monetary policymakers take, and what actions should they take? These are questions that Frank Elderson is well qualified to answer. He is a member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, he is co-Chair of the Task Force on Climate-related Financial Risks of the Basel Committee on Banking Supervision, and he was the first Chair of the Network of Central Banks and Supervisors for Greening the Financial System. He tells Tim Phillips about the instruments available to the ECB, the contribution of the NGFS, and the limits of monetary policy in addressing the urgent challenge of climate change.

In the fourth episode of Season 12 of Compliance Clarified, Todd Ehret, senior regulatory intelligence expert, is joined by Henry Engler for an insightful discussion on the Basel III endgame.Basel III was originally developed in response to the financial crisis of 2008- 2009. The Basel Committee for Banking Supervision finalization of Basel III, known as Basel III endgame, introduces extensive changes, especially in the calculation of risk-weighted assets (RWA). These changes will significantly impact business models, compelling banks to reconsider their capital allocation strategies.On July 27th, 2023, the US Federal Reserve and FDIC published their Notice for Proposed rulemaking for Basel III endgame. After months of criticism and discussion, on September 10, the Federal Reserve announced a re-proposal of the much discussed and awaited Basel III Endgame.Henry Engler is a Senior Editor for North America for Thomson Reuters Regulatory Intelligence based in New York. Henry joined Thomson Reuters after a decade in the financial industry in which he has served in roles as an executive or managing consultant overseeing compliance-related and other projects. Henry is also a trained economist and has served as a financial journalist and business strategy executive at Reuters. Henry has edited books on the European Monetary Union and the future of banking and is also the author of "Remaking Culture on Wall Street: A Behavioral Science Approach for Building Trust from the Bottom Up."For more information on the podcast and additional resources, see the links below.Links: Todd Ehret LinkedIn: https://www.linkedin.com/in/todd-ehret-91827264/Henry Engler LinkedIn: https://www.linkedin.com/in/henry-engler-29133/Link to recent article by Henry Engler:U.S. Basel Endgame enters uncertain phase as regulators jostle behind the scenes: https://www.linkedin.com/feed/update/urn:li:activity:7246539010406252546/ Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

In his remarks to the IIEA, Frank Elderson, Member of the Executive Board and Vice President of the Supervisory Board of the European Central Bank, provides an overview of major trends of relevance for the macro financial outlook in Europe. He discusses how these trends are reflected in the ECB's monetary policy and banking supervision priorities. Mr Elderson also reflects upon the specific actions the ECB is undertaking in monetary policy and banking supervision in relation to climate and nature-related risks. Mr Elderson will be joined by Sharon Donnery, Deputy Governor of the Central Bank of Ireland, for a fireside discussion and Q&A which will be moderated by Dan O'Brien, the IIEA's Chief Economist. Frank Elderson is a member of the Executive Board and of the Governing Council of the European Central Bank. He is Vice-Chair of the ECB's Supervisory Board and oversees the ECB's Legal Services. He co-chairs the Task Force on Climate-related Financial Risks of the Basel Committee on Banking Supervision. Mr Elderson previously served as Executive Director of De Nederlandsche Bank (DNB). At DNB he held several senior positions before joining its Governing Board in 2011.Before joining DNB in 1999, Mr Elderson worked as a lawyer specialising in EU competition law.  Sharon Donnery is Deputy Governor at the Central Bank of Ireland for Financial Regulation on 1 July 2022. She is an ex-officio Member of the Central Bank Commission and is a member of the Supervisory Board of the European Central Bank (ECB) and the General Board of the European Systemic Risk Board.

This month on the Global Credit Union Podcast, Michael Lawrence joins us to discuss his new role as Chair of the World Council of Credit Unions' Board of Directors. Lawrence is the Chief Executive Officer of the Customer Owned Banking Association (COBA), the industry body for Australia's credit unions, building societies and mutual banks, a position he's served in since December 2017. He became a WOCCU Director in April 2018, and was elected to serve as Chair of the Board in 2024. Lawrence has over 30 years experience in financial services, primarily gained with AMP Bank and National Australia Bank. Michael discusses why he believes WOCCU's biggest asset is its strength in membership, especially when it comes to advocating for credit unions in front of international financial standard setting bodies, such as the Basel Committee on Banking Supervision. --- Support this podcast: https://podcasters.spotify.com/pod/show/woccu/support

This was the fourth webinar of the series on the revised Core Principles for effective banking supervision.The revised Core Principle 25 emphasizes banks' capacity to handle severe operational risks, including pandemics, cyber threats, and natural disasters. Additionally, the revisions introduce a proportionality approach, aligning regulatory rules and supervisory practices with each bank's systemic importance and risk profile. This ensures that standards are scaled appropriately, from large international institutions to smaller deposit-taking banks, without compromising regulatory strength.The panel discussed the importance of operational resilience for banks in a rapidly changing world, as well as the role of proportionality in effectively scaling standards for different banking sectors.Panelists:Chuchi G. Fonacier, Deputy Governor, Central Bank of PhilippinesJessica Chew, Deputy Governor, Bank Negara MalaysiaModerator:Bill Coen, Former Secretary General, Basel Committee on Banking Supervision; Board Member and Chair, Finance, Audit and Risk Committee, Toronto CentreRead the transcript here. Read their biographies here.https://www.torontocentre.org/

What is European banking supervision and how is it connected to our bank accounts? And what does football have to do with it? Our host Stefania Secola discusses these questions and more with Supervisory Board member Elizabeth McCaul in the first episode of our Summer School on banking supervision. Published on 8 August 2024 and recorded on 11 July 2024. 1:06 Ten years of European banking supervision We're celebrating ten years of European supervision this year. Let's look at how it emerged from crisis. 3:44 How is European supervision like football? What is supervision at European level, why was it established and how is it connected to our bank accounts? 6:00 What have been the highlights of the past ten years? We reflect on the achievements of the past ten years, such as dealing with no shortage of challenges for banks, including the pandemic, Russia's invasion of Ukraine and rising interest rates. 10:30 What about the future? What does the future of European banking supervision look like? What are the challenges, and how are we preparing to handle them? 13:07 Our guest's hot tip Elizabeth McCaul shares her hot tip with our listeners. It's a Wonderful Life https://en.wikipedia.org/wiki/It%27s_a_Wonderful_Life https://watch.plex.tv/watch/movie/its-a-wonderful-life European banking supervision explained https://youtu.be/gW-5AtmyByc FAQ on European banking supervision https://www.bankingsupervision.europa.eu/press/publications/html/ssm.faq_about~c50751c039.en.html The ECB Podcast: How is tech shaping Banking supervisión https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230928_episode70.en.html The ECB Podcast Summer School #1: : a deep dive into inflation (2023 edition) https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230804_episode66.en.html The ECB Podcast Summer School #2: the nuts and bolts of interest rates (2023 edition) https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230811_episode67.en.html The ECB Podcast Summer School #3: the role of Banks in fighting inflation (2023 edition) https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230818_episode68.en.html European Central Bank https://www.ecb.europa.eu/home/html/index.en.html European Banking Supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html

This was the first webinar of the series on the revised Core Principles for effective banking supervision.The post-Global Financial Crisis (GFC) period has seen banks continue to build their resilience to financial risks, underpinned by stronger regulatory and supervisory frameworks, including the Basel III standards. The Core Principles for effective banking supervision have been strengthened to reflect key elements of many of the post-GFC reforms introduced by the Basel Committee on Banking Supervision.This panel focused on the experience with macroprudential regulation, supervision, and tools across jurisdictions.Speakers:Nathalie Aufauvre, Secretary General, L'Autorité de contrôle prudentiel et de résolution (ACPR), Banque de FranceBill Coen, Former Secretary General, Basel Committee on Banking Supervision; Board Member and Chair, Finance, Audit and Risk Committee, Toronto CentreModerator:Babak Abbaszadeh, President and CEO, Toronto Centre Read the transcript here. Read their biographies here. https://www.torontocentre.org/

Lecture summary: This lecture considers what Josef Kunz termed “swings of the pendulum” in international monetary and financial law and the formal and informal institutions in these related fields. International monetary law exploded in importance after the Second World War with the creation of the International Monetary Fund (IMF) and a global system of managed exchange rates. With the collapse of the Bretton Woods system in 1971 and a decline in capital controls, the IMF evolved from a dominant institution into a peer of central banks and private markets, providing surveillance of the “non-system” of floating exchange rates and assisting in responses to financial crises.By contrast, international financial law, which was of limited importance during the Bretton Woods era, has become a major soft law force in the global financial sector since the Basel Committee on Banking Supervision was created in 1974. The dichotomy between profit maximization and systemic risk at the core of global finance today is overseen and guided by the technocrats of the Basel Committee, the Financial Stability Board and other institutions of international financial law.Today, the pendulums of international monetary and financial law may be reversing again. Armed conflict, rising authoritarianism, growing fragmentation of the global financial system, and a revival of capital controls and other restrictions on capital flows could reinvigorate international monetary law and the IMF. This institution has reimagined itself multiple times already while staying true to its original mandate of safeguarding monetary stability.Michael Waibel is a professor of international law at the University of Vienna. His teaching and writing focus on international law, international economic law, sovereign debt and international dispute settlement. He received the Deák Prize of the American Society of International Law, the Book Prize of the European Society of International Law and a Leverhulme Prize for his research. He is Co-General Editor of the ICSID Reports (with Jorge Viñuales) and Co-Editor-in-Chief of the Journal of International Economic Law (with Kathleen Claussen and Sergio Puig).

Lecture summary: This lecture considers what Josef Kunz termed “swings of the pendulum” in international monetary and financial law and the formal and informal institutions in these related fields. International monetary law exploded in importance after the Second World War with the creation of the International Monetary Fund (IMF) and a global system of managed exchange rates. With the collapse of the Bretton Woods system in 1971 and a decline in capital controls, the IMF evolved from a dominant institution into a peer of central banks and private markets, providing surveillance of the “non-system” of floating exchange rates and assisting in responses to financial crises.By contrast, international financial law, which was of limited importance during the Bretton Woods era, has become a major soft law force in the global financial sector since the Basel Committee on Banking Supervision was created in 1974. The dichotomy between profit maximization and systemic risk at the core of global finance today is overseen and guided by the technocrats of the Basel Committee, the Financial Stability Board and other institutions of international financial law.Today, the pendulums of international monetary and financial law may be reversing again. Armed conflict, rising authoritarianism, growing fragmentation of the global financial system, and a revival of capital controls and other restrictions on capital flows could reinvigorate international monetary law and the IMF. This institution has reimagined itself multiple times already while staying true to its original mandate of safeguarding monetary stability.Michael Waibel is a professor of international law at the University of Vienna. His teaching and writing focus on international law, international economic law, sovereign debt and international dispute settlement. He received the Deák Prize of the American Society of International Law, the Book Prize of the European Society of International Law and a Leverhulme Prize for his research. He is Co-General Editor of the ICSID Reports (with Jorge Viñuales) and Co-Editor-in-Chief of the Journal of International Economic Law (with Kathleen Claussen and Sergio Puig).

Lecture summary: This lecture considers what Josef Kunz termed “swings of the pendulum” in international monetary and financial law and the formal and informal institutions in these related fields. International monetary law exploded in importance after the Second World War with the creation of the International Monetary Fund (IMF) and a global system of managed exchange rates. With the collapse of the Bretton Woods system in 1971 and a decline in capital controls, the IMF evolved from a dominant institution into a peer of central banks and private markets, providing surveillance of the “non-system” of floating exchange rates and assisting in responses to financial crises.By contrast, international financial law, which was of limited importance during the Bretton Woods era, has become a major soft law force in the global financial sector since the Basel Committee on Banking Supervision was created in 1974. The dichotomy between profit maximization and systemic risk at the core of global finance today is overseen and guided by the technocrats of the Basel Committee, the Financial Stability Board and other institutions of international financial law.Today, the pendulums of international monetary and financial law may be reversing again. Armed conflict, rising authoritarianism, growing fragmentation of the global financial system, and a revival of capital controls and other restrictions on capital flows could reinvigorate international monetary law and the IMF. This institution has reimagined itself multiple times already while staying true to its original mandate of safeguarding monetary stability.Michael Waibel is a professor of international law at the University of Vienna. His teaching and writing focus on international law, international economic law, sovereign debt and international dispute settlement. He received the Deák Prize of the American Society of International Law, the Book Prize of the European Society of International Law and a Leverhulme Prize for his research. He is Co-General Editor of the ICSID Reports (with Jorge Viñuales) and Co-Editor-in-Chief of the Journal of International Economic Law (with Kathleen Claussen and Sergio Puig).

Prepare for $400B in QT by March if Regional Bank Bailout Expires! A "top man" at the Federal Reserve, specifically the "Vice Chairman for Banking Supervision, a super duper important guy, is extremely serious about the Fed not renewing the regional bank bailout program that exploded onto the Fed's balance sheet last March to the tune of about $400 billion. If that's the case, then come March, all those dollars are going to have to be repaid. This will squeeze 3 months worth of quantitative tightening into about 2 weeks come March. It is quite doubtful that the monetary system can handle such extreme pressure. Essentially, the repayment of the Bank Term Funding Program loans could very will be impossible without triggering yet another banking crisis. To find out more, click to watch the video now! - Sign up for The End Game Investor! https://endgameinvestor.substack.com/ To find out more about Fortuna Silver go to: https://fortunasilver.com/ - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Fortuna Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-fortuna-silver-mines/Subscribe to Arcadia Economics on Soundwise

Outgoing Supervisory Board Chair Andrea Enria sat down with President Christine Lagarde during the ECB Forum on Banking Supervision to look back on his five-year term, marked by challenges such as the pandemic and reflects on the most difficult decision he had to take. He also reflects on the decisions taken to overcome these challenges, and what the future holds for European banking supervision. Recorded on 1 December 2023 and published on 9 December 2023. Additional material: President Christine Lagarde's welcome address at the fifth ECB Forum on Banking Supervision https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp231130~48f5947179.en.html ECB Forum on Banking Supervision https://www.bankingsupervision.europa.eu/press/conferences/html/20231130_5th_ECB_Forum_Banking_supervision.en.html European Banking Supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html European Central Bank www.ecb.europa.eu

Hello, and welcome to episode 84 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. It has been a bumper week for financial crime news again this week. Stories across every aspect of financial crime, so let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Basel Committee on Banking Supervision, Basel Committeepublishes discussion paper on digital fraud (press release).Basel Committee on Banking Supervision, Digital fraud andbanking: supervisory and financial stability implications (Report).British Continuity Institute, Cyber attacks andsevere weather events dominate resilience experts' risk landscapes for 2024.City of London Police, City of LondonPolice marks International Fraud Awareness Week by celebrating force's topachievements of 2023.City of London Police, Ten arrested inpolice crackdown on commercial insurance fraud.Financial Action Task Force, Protectingnon-profits from abuse for terrorist financing through the risk-basedimplementation of revised FATF Recommendation 8.Financial Conduct Authority, Final Notice: MarkAnthony Jensen.Google Cloud, CybersecurityForecast 2024: Insights for future planning.Government Accountability Office, COVID-19: Insights from Fraud Schemes andFederal Response Efforts.Human Rights First, Report AssessesImpacts Of Magnitsky Sanctions (press release).Human Rights First, Magnitsky Month2023: Launch Event.Human Rights First, et al., EvaluatingTargeted Sanctions: A Flexible Framework for Impact Analysis November 2023.Metro Bank, FinancialStatement.National Crime Agency, SARs ReporterBooklet: November 2023.National Cyber Security Centre, NCSC warns ofenduring and significant threat to UK's critical infrastructure.National Cyber Security Centre, Annual Review 2023.Office of Financial Sanctions Implementation, General Licence –London Court of International Arbitration (LCIA) Arbitration CostsINT/2022/1552576.Office of Financial Sanctions Implementation, Details of GeneralLicences issued by OFSI.Office of Financial Sanctions Implementation, OFSI GeneralLicence - INT/2023/3749168.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Counter-Terrorism (International).Office of Financial Sanctions Implementation, Guidance: The UKSanctions List.Office of Financial Sanctions Implementation, UK and US hitHamas leadership with targeted sanctions.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Russia.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Iran (Nuclear).Office of Financial Sanctions Implementation, One Year On: TheOFAC-OFSI Enhanced Partnership.Office of Financial Sanctions Implementation, FinancialSanctions Notice: ISIL (Da'esh) and Al-Qaida.Office of Financial Sanctions Implementation, Ownership andControl: Public Officials and Control guidance.Office of Foreign Assets Control, Treasury SanctionsAdditional Maritime Companies, Vessels Transporting Oil Sold Above theCoalition Price Cap.Public Sector Fraud Authority, Public SectorFraud Authority Annual Report 2022-2023.Serious Fraud Office, Serious FraudOffice launches investigation into suspected fraud at Axiom Ince with nineraids and seven arrests.Serious Fraud Office, SFO securesconviction of solicitor for tipping off client about money launderinginvestigation.TRACE, Bribery Risk Matrix.Transparency International, TowardTransparency in Britain's Offshore Financial Centres.UK Legislation, section 214, EconomicCrime and Corporate Transparency Act 2023.UK Legislation, The Economic Crimeand Corporate Transparency Act 2023 (Commencement No. 1) Regulations 2023 No.1206.US Department of Justice, Three Miamiresidents charged with COVID-19 pandemic relief fraud.US Department of Justice, Three ConstructionPlanning Firm Executives Charged with Bribing San Francisco Dept. of BuildingInspection Employees.US Department of Justice, Former NavyCivilian Employee and Defense Contractor Indicted in Bribery Scheme.US Department of Justice, Three Men ArrestedFor Complex Bank Fraud And Cryptocurrency Laundering Scheme.US Department of Justice, Criminal DefenseAttorney Pleads Guilty to Decade-Long Federal Court Bribery Scheme.US Department of State, CounteringCorruption and Russian Malign Influence in the Western Balkans.US Department of the Treasury, United States andUnited Kingdom Take Coordinated Action Against Hamas Leaders and Financiers.US Department of the Treasury, One Year On: TheOFAC-OFSI Enhanced Partnership.US Securities and Exchange Commission, SEC Announces Enforcement Resultsfor Fiscal Year 2023.

Tom Bilston and Tony Murray discuss how banks use machine learning, chat bots and other forms of AI as well as what these technological innovations mean for bank examiners, both in terms of the risks they monitor and how they do their job. Bilston is Assistant Vice President and Horizontal Team Lead, LISCC Program, Capital Retail Credit; and Murray is SRC Strategy, Risk and Innovation Team Lead at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2023/speaking_2023_10_25_AI_banking Have a question for Kartik Athreya, the Richmond Fed's research director, about inflation, monetary policy or the multi-faceted role of the Fed in the economy? Submit your question online to have it potentially answered on the Dec. 20 episode: https://www.surveymonkey.com/r/MWMVRG6.

Six months ago, we experienced bank runs and three of the four largest bank failures in U.S. history. Regulators declared there was "systemic risk" and provided bailouts for large, uninsured depositors. What is the current situation? While things seem calmer now, what are the continuing risks in the banking sector? Banks face huge mark-to-market losses on their fixed-rate assets, and serious looming problems in commercial real estate. How might banks fare in an environment of higher interest rates over an extended period, or in a recession? Reform ideas include a 1,000-page "Basel Endgame" capital regulation proposal. Which reforms make the most sense and which proposals don't? Our expert and deeply experienced panel will take up these questions and provide their own recommendations in their signature lively manner.Featuring:- William M. Isaac, Chairman, Secura/Isaac Group- Keith Noreika, Executive VP & Chairman, Banking Supervision & Regulation Group, Patomak Global Partners- Lawrence J. White, Robert Kavesh Professorship in Economics, Leonard N. Stern School of Business, New York University- [Moderator] Alex J. Pollock, Senior Fellow, Mises InstituteVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.

Each month, a panel of constitutional experts convenes to discuss the Court's upcoming docket sitting by sitting. The cases covered in this preview are listed below.Pulsifer v. United States (October 2) - Federal Criminal Law; Whether a defendant satisfies the criteria in 18 U.S.C. § 3553(f)(1) as amended by the First Step Act of 2018 in order to qualify for the federal drug-sentencing “safety valve” provision so long as he does not have (a) more than four criminal history points, (b) a three-point offense, and (c) a two-point offense, or whether the defendant satisfies the criteria so long as he does not have (a), (b), or (c).CFPB v. Community Financial Servs. Ass'n of America, Ltd. (October 3) - Constitutional Law, Appropriations; Whether the court of appeals erred in holding that the statute providing funding to the Consumer Financial Protection Bureau, 12 U.S.C. § 5497, violates the appropriations clause in Article I, Section 9 of the Constitution, and in vacating a regulation promulgated at a time when the Bureau was receiving such funding.Acheson Hotels, LLC v. Laufer (October 4) - Constitutional Law, Americans with Disabilities Act; Whether a self-appointed Americans with Disabilities Act “tester” has Article III standing to challenge a place of public accommodation's failure to provide disability accessibility information on its website, even if she lacks any intention of visiting that place of public accommodation.Murray v. UBS Securities LLC (October 10) - Labor Law, Sarbanes Oxley Act; Whether, following the burden-shifting framework that governs cases under the Sarbanes-Oxley Act of 2002, a whistleblower must prove his employer acted with a “retaliatory intent” as part of his case in chief, or whether the lack of “retaliatory intent” is part of the affirmative defense on which the employer bears the burden of proof.Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC (October 10) - Admiralty; Whether, under federal admiralty law, a choice-of-law clause in a maritime contract can be rendered unenforceable if enforcement is contrary to the “strong public policy” of the state whose law is displaced.Alexander v. South Carolina State Conference of the NAACP (October 11) - Election Law; Whether the district court erred when it failed to apply the presumption of good faith and to holistically analyze South Carolina Congressional District 1 and the South Carolina General Assembly's intent. Additionally, the court's handling of the alternative-map requirement, its treatment of the relationship between race and politics, the assessment of racial predominance in District 1, and the consideration of intentional discrimination are all under scrutiny. Featuring: Karen Harned, President, Harned Strategies LLCBrian Johnson, Managing Director, Banking Supervision and Regulation Group, Patomak Global PartnersVikrant Reddy, Senior Research Fellow, Charles Koch InstituteModerator: Amanda Salz, Associate, Morgan, Lewis, & Bockius LLP

How can new technologies improve banking supervision? What challenges do they bring for supervisors? And how will artificial intelligence make Europe's banks safer? Our new host Stefania Secola explores this topic with Supervisory Board member Elizabeth McCaul. A warm welcome to Stefania and a big thanks for standing in for Katie Ranger, who is away for a while. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 28 September 2023 and recorded on 22 September 2023. In this episode: 01:25 – Digitalisation in banking supervision How are technological changes affecting supervision? What kinds of supervisory technology – also known as suptech – are we using? And will robots end up supervising banks? 5:07 – Using suptech to sort data How do supervisors use technology to analyse big amounts of data? Why is this important? And how does this help bank customers? 10:20 – Artificial intelligence (AI) How do we use technology to make sure banks are run by the right people? Is human judgment still important when using artificial intelligence? 12:07 – The people behind new technologies How do different supervisory teams cooperate? And how does technology help fight financial crime? 15:15 – Our guest's hot tip Supervisory Board member, Elizabeth McCaul, shares her hot tips with our listeners. Additional material: Technology, data and innovation – shaping the future of supervision. Keynote speech by Elizabeth McCaul https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230920_1~9315562707.en.html Supervision Newsletter – Digital transformation requires strong governance and steering https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230517_3.en.html The ECB Podcast: Let's get digital on inflation, climate and the euro https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220811_episode39.en.html The ECB Blog by Myriam Moufakkir: Machines help to crunch the numbers, 28 September 2023 https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230928~3f76d57cce.en.html European Central Bank www.ecb.europa.eu European Banking Supervision www.bankingsupervision.europa.eu

 On this edition, Joe speaks with: Bloomberg National Security reporter Nick Wadhams on Russian President Vladimir Putin's decision to move nuclear weapons to Belarus Director of China Corporate Affairs at the Eurasia Group Anna Ashton on Antony Blinken's trip to China Former RNC Communications Director/Partner at Reset Public Affairs Lisa Camooso Miller & Political analyst, and Lecturer at the School of International and Public Affairs at Columbia University Lincoln Mitchell react to the breaking news from Belarus, Blinken's trip to China, Congressional inaction, and the 2024 race Executive VP and Chairman of Banking Supervision and Regulation Group at Patomak Global Partners Keith Noreika on the Clawback Bill Bloomberg Senior National Political Correspondent Nancy Cook, Bloomberg White House Deputy Editor Mike Dorning on the past week's impact on the GOP presidential nomination Bloomberg News reporter Malathi Nayak on the DOJ probe into the PGA/LIV deal See omnystudio.com/listener for privacy information.

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.On this edition, Joe speaks with: Ambassador James Jeffrey, Chair of the Middle East Program at the Wilson Center, former Ambassador to Iraq and Turkey, and Special Envoy to the Global Coalition To Defeat ISIS on the latest in Ukraine, China and what world leaders will discuss at the G-7 summit Bloomberg Politics Contributors Jeanne Sheehan Zaino and Rick Davis for their insight on the G-7, Ukraine and China Plus, Joe and co-host Kailey Leinz speak with: Ambassador Marc Ginsberg, former Ambassador to Morocco, Founder and President of the Coalition for a Safer Web on Montana's TikTok ban Keith Noreika, Executive VP and Chairman of Banking Supervision and Regulation Group at Patomak Global Partners on the recent banking hearings and bank regulations  See omnystudio.com/listener for privacy information.

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.On this edition, Joe speaks with: Bloomberg Intelligence Senior Government Analyst Nathan Dean on JPMorgan's acquisition of First Republic Bank. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Lester Munson, Principal at government relations firm, BGR Group, and former Staff Director of the Senate Foreign Relations Committee, on the latest with First Republic Bank, banking regulation, and the 2024 Presidential race. Mick Mulvaney, Former-OMB Director, Former-US Special Envoy for Northern Ireland, and Former-Acting White House Chief of Staff, on the latest with First Republic Bank, House Speaker Kevin McCarthy's trip to Israel, and the debt ceiling. Keith Noreika, Executive VP & Chairman, Banking Supervision & Regulation Group at Patomak Global Partners and Former acting Comptroller of the Currency, on recent bank failures, the acquisition of First Republic Bank, and the future of banking regulation. See omnystudio.com/listener for privacy information.

We discuss with Ignazio Angeloni about the state of banking supervision in the Euro Area. What kind of information do supervisors have access to and how do they use it? Ignazio Angeloni is a former member of the ECB's Supervisory Board. He coordinated the establishment of the so-called Single Supervisory Mechanism (SSM) at the ECB.

Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Joe speaks with: Mick Mulvaney, Founder of Exegis Capital and Former-OMB Director about what he expects out of the bank failure hearings this week on Capitol Hill. Keith Noreika, Executive Vice President and Chairman of the Banking Supervision and Regulation Group at Patomak Global Partners, shares his thoughts on the chaos in the banking sector. Joel Rubin, President of Washington strategy group, former Deputy Assistant Secretary of State discusses Israeli Prime Minister Benjamin Netanyahu delaying a controversial plan to weaken the judiciary and prevent the nation being “torn to shreds.” See omnystudio.com/listener for privacy information.

Economist and AEI senior fellow Dr. Paul Kupiec joins Rep. Crenshaw to explain the abrupt collapse of Silicon Valley Bank. They break down in layman's terms what caused the collapse, the failures in regulatory and management oversight, how this will affect taxpayers, and options policymakers must weigh to reform and fortify our financial systems from systemic risk. *Editor's note* Rep. Crenshaw and Dr. Kupiec skipped the standard intro and jumped right into the conversation. Please see below for Dr. Kupiec's bio. Paul Kupiec is a senior fellow at the American Enterprise Institute (AEI), where he studies systemic risk and the management and regulations of banks and financial markets. Before joining AEI, Kupiec was an associate director of the Division of Insurance and Research within the Center for Financial Research at the Federal Deposit Insurance Corporation (FDIC). Kupiec was also director of the Center for Financial Research at the FDIC and chairman of the Research Task Force of the Basel Committee on Banking Supervision.  He has previously worked at the International Monetary Fund (IMF), Freddie Mac, J.P. Morgan, and for the Division of Research and Statistics at the Board of Governors of the Federal Reserve System. Kupiec has edited many professional journals, including the Journal of Financial Services Research, Journal of Risk, and Journal of Investment Management. He has a Bachelor of Science degree in economics from The George Washington University and a doctorate in economics — with a specialization in finance, theory, and econometrics — from the University of Pennsylvania.

Under the Biden Administration, Consumer Financial Protection Bureau Director Rohit Chopra has dramatically increased the substantive reach of the CFPB's use of guidance documents and examination and supervision powers. This includes the articulation of a new standard of Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) that includes allegedly discriminatory practices. It also has announced it intends to use “dormant” powers from Dodd-Frank that would allow it to conduct supervisory exams on nonbanks or any fintech it believes is risky. Many critics argue that many of these acts should be conducted through notice and comment rule-making processes and point to similar efforts during the Obama Administration when similar extensive use of guidance was treated as equivalent to a rulemaking for purposes of the Congressional Review Act. A major lawsuit has also challenged this assertion of authority by the CFPB.In this episode, experts discuss the specifics of the CFPB's assertion of expansive authority in these areas, the use of supervision more generally in relation to rulemaking, and the lawsuit that has challenged these acts.Featuring:Brian Johnson, Managing Director, Banking Supervision and Regulation Group, Patomak Global PartnersBryan Schneider, Partner, Manatt, Phelps & Phillips, LLP[Moderator] Todd Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law School, George Mason UniversityVisit our website – www.RegProject.org – to learn more, view all of our content, and connect with us on social media.*******As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Political parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, stating that it could choke the political process. Parties including the Peoples Democratic Party, Social Democratic Party, Africa Democratic Congress and African Democratic Party contended that the policy would affect the fundraising required by the candidates to sustain their campaigns ahead of the 2023 elections. Governor Ahmadu Fintiri of Adamawa State had accused the CBN Governor, Godwin Emefiele, of targeting the political class with the new cash withdrawal limit which restricts over-the-counter cash withdrawal by individuals and companies to N100,000 and N500,000, respectively, per week. The CBN's Director of Banking Supervision, Haruna Mustafa, says withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent, respectively, for individuals and corporate entities going forward.

Frank Elderson is lid van de executive board en vice-voorzitter van de raad van toezicht van de Europese Centrale Bank. Daarvoor werkte hij in verschillende functies voor De Nederlandsche Bank, laatstelijk als directielid. Daarnaast vervulde en vervult hij diverse beroepsactiviteiten. Op dit moment is dat onder andere als co-chair van de Task Force on Climate-related Financial Risks van het Basel Committee on Banking Supervision. Frank startte zijn carrière bij Houthoff advocaten. Frank is afgestudeerd aan de Universiteit van Amsterdam in de Rechten en deed vakken aan de Universiteit van Zaragoza. Daarnaast behaalde hij een LL.M. degree aan de Columbia Law School in New York. Frank is 52 jaar oud, is getrouwd, woont met partner in Frankfurt en heeft twee dochters.   *** Volg Leaders in Finance via de website. Volg Leaders in Finance via Linkedin. *** Op de hoogte blijven van Leaders in Finance? Abonneer je dan op de nieuwsbrief. ***  Vragen, suggesties of feedback? Graag! Via email: info@leadersinfinance.nl  ***   Als je de Leaders in Finance podcast leuk vindt, zou je dan een review willen achterlaten bijvoorbeeld bij Apple Podcasts? Of ons willen volgen en 5 sterren geven bij Spotify. Veel dank, want sommige mensen gaan alleen luisteren naar deze podcast als ze weten dat er genoeg anderen zijn die het leuk vinden!  ***  Leaders in Finance wordt mede mogelijk gemaakt door Kayak, EY, Odgers Berndtson en Roland Berger.   

In our discussion of regulatory challenges, we consider the continuing impact of “true lender” challenges on bank-nonbank partnerships, how regulators approach industry innovation, and whether regulators should face stronger challenges from industry (including what the SCOTUS EPA decision could mean for such challenges). In our discussion of economic challenges, we consider the impact of inflation and recession fears on bank activity. Other topics include the role of bank mergers in the marketplace for banking services and issues faced by regulators in addressing crypto assets. Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation.

The U.S. market accounted for 90 percent of self storage inventory worldwide in 2018 and investors remain optimistic as experts forecast the market to be worth $64.71 billion by 2026. Today, we will explore this asset class with our guest, Sergio Altomare. Sergio and his wife pivoted to the self storage industry in 2018 and have exponentially grown since then. We are privileged to hear about how they started, their discipline, strategies, and advice for people who want to invest in the self storage business. Click now and listen to our conversation! Remember, this is your MBA. Have a notepad handy, and get ready to take some notes!Key Points from This Episode: How Sergio and his wife started in real estate – just under 400,000 in triplex and under a million in multifamily. How they scaled quickly to 50 million assets under management and five properties under contract. Their secret sauce: discipline. Their discipline in terms of strategy and how they evaluate the property. Sergio talks about their self storage facilities – purchase price units, location, acquisition, and value-add strategy. How Sergio evaluates a deal especially in a new market. Leveraging on relationships with bigger brokers to find great deals. The two sides of self storage: real estate and business. Self storage, when it comes to real estate, is good in good times and great in bad times. The four D's why self storage is a needed service: death, downsizing, divorce, and dislocation. Why self storage as a business is a very good asset. How self storage is recession-resistant. Sergio talks about the markets that they are in and their unit count. Why are they focusing more on family offices instead of large institutional investors? Tweetables:“It's about being disciplined and being disciplined in terms of having a strategy, having a game plan, and responding to what the economy and the markets are doing, as opposed to what you think they're going to do.” – Sergio Altomare“If you're disciplined in what you do, and how you evaluate things, then then you can be fine.” – Sergio Altomare“It (self storage) is actually a bigger business than it is real estate.” – Sergio Altomare“[Real estate] is a marathon, never a sprint.” – Tejas GosaiLinks Mentioned:Heathfire Capital websiteSergio Altomare on LinkedInWho Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork Kindle Edition by Dan SullivanAbout Sergio AltomareAfter transitioning into real estate as a side business in 2012, Sergio partnered with his wife Corinn to start Hearthfire Holdings, a boutique real estate investment and property management company. In just eight short years, Hearthfire Holdings has built a portfolio of more than $50M in assets under management and syndicated over $12M in assets, returning more than $2M in profit and 25 percent IRR to investors. Property types have spanned small multi-family, commercial, retail, and self-storage properties. Sergio has also flipped houses and rehabbed properties and multi-family developments.Sergio began his career in 1994 working in the U.S. Federal Reserve System (FRS). During his 22+ years there, he worked his way up the corporate ladder in all facets of technology, including network engineering, information security, project management and architecture, and strategy. Sergio has worked on projects and implemented systems across the banking and financial industries, with budgets of more than $100M. Notable projects include implementing secure email, mobile strategy for the division of Banking Supervision and Regulation and enterprise collaboration for the entire Federal Reserve System. In 2015, Sergio was promoted to officer in charge of technology strategy for the Treasury Services Division of the FRS. He developed a strategy to consolidate enterprise storage and enhance treasury operations and support. His experience, IT skills, and ability to navigate the corporate ladder have given Sergio the foundation to build a real estate business and scale it through strong systems, processes, and data analytics.------------------------------------Please subscribe to the Real Estate Investor MBA Podcast on the following platforms: iTunesSpotifyStitcheriHeart RadioTuneINGoogle PodcastThis episode is brought to you by the Lehigh Valley Private Equity Fund, a Regulation D, evergreen, private equity fund providing Accredited Investors an 8% annual preferred return and an overall annualized target return of 12 - 18%, through diversification in lending and acquisitions in the Lehigh Valley real estate market. To learn more book a no-commitment call with the fund manager here: https://www.lehighvalleyprivateequityfund.com/virtual-meeting If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment. Doing so helps us continue attracting the highest quality type of guests to interview and for you to listen to.Check us out at our new website at: https://www.rei.mba/Follow us on Social Media:✔️ YouTube✔️ Facebook✔️ LinkedIn✔️ Instagram✔️ Twitter

#Bitcoin #TerraUSD #NayibbukeleI'd like to welcome everyone to my new YOUTUBE CHANNELDave's Daily Crypto TakeIn this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.ARTICLES used in today's video:https://bitcoinist.com/bitcoin-mining-companies-and-their-profitability/Bear Market Outlook: Public Bitcoin Mining Companies And Their ProfitabilityAs the market inches towards what looks to be a bear market, bitcoin investors are looking towards other blockchain avenues to weather what is expected to be a long winter. Public bitcoin miners are one of the avenues that grew to prominence through the bull rallies of 2021. The growth of the value of their stocks during this time had drawn investors to them, and as the market slows down, we take a look at which of these public miners are best positioned to weather a crypto winter.https://www.euronews.com/next/2022/06/01/terra-collapse-regulators-eye-stablecoin-safeguards-and-capital-rules-for-banks-crypto-hol?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referralTerra collapse: Regulators eye stablecoin safeguards and capital rules for banks' crypto holdingsGlobal regulators plan to complete work by the end of the year on how much capital banks should hold to cover crypto assets on their books.Financial watchdogs are trying to catch up with fast-moving developments in crypto markets, whose extreme volatility in recent weeks has caused huge losses for some users.Last June, the Basel Committee on Banking Supervision proposed that banks set aside enough capital to cover losses on any Bitcoin holdings in full.https://bitcoinist.com/block-bitcoin-knowledge-perceptions-pt-1-inclusion/Analyzing Block's “Bitcoin: Knowledge and Perceptions” Pt 1.- Income & InclusionThe new Block report, “Bitcoin: Knowledge and Perceptions,” is a tour de force. A massive online survey turned into surprising data. The phenomenally-designed publication challenges several assumptions that the public has about bitcoin. Block's intention with it is to “provide a resource for decision makers to better understand people's knowledge and perceptions of bitcoin across different geographies, genders, and ages.”https://decrypt.co/101832/doj-sentences-father-son-team-for-laundering-weed-cash-with-btcFather-Son Duo Sentenced for Laundering Cash with Bitcoin in Weed SchemePair convicted of laundering over $100,000 from sales using Bitcoin and dark webUnlicensed company manufactured hash oil and other marijuana productshttps://slate.com/technology/2022/05/bitcoin-el-salvador-nayib-bukele.html?via=rss_flipboardCan El Salvador Save Its Risky Bitcoin Gamble?On June 7, 2021, El Salvador President Nayib Bukele announced an audacious plan: to make Bitcoin legal tender.Anna-Cat Brigida is a reporter who covers Latin America. She lives in Honduras now, but was based in El Salvador when Bukele made his announcement. From there, Brigida says, everything went at full speed. Within 90 days El Salvador had to build its own Bitcoin wallet, install Bitcoin ATMs, and sell the country's population on the idea of Bitcoin—an idea that had been brought there by expat crypto enthusiasts, and embraced by President Bukele. Despite the buildup, m many small businesses are still not able to accept Bitcoin payments. And now the price of Bitcoin has dropped by roughly 37 percent since September. That means El Salvador's holdings of the cryptocurrency have plummeted. https://alternative.me/crypto/fear-and-greed-index/https://coinmarketcap.com/Please subscribe, like, and share so that more and more people can view this content.DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.Thank you very much DaveSupport this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

John Ryan, the president and CEO of the Conference of State Bank Supervisors who unexpectedly passed away in May at the age of 58, talked last year about state bank regulators' efforts to retire the siloed state-by-state system of financial services oversight. He, along with Charlie Clark, the director of the Washington State Department of Financial Institutions, talked about the CSBS' “Networked Supervision” plan.

Tamer Al Mauge, Managing Director MENA, Codebase Technologies The banking and financial services sector around the world faces a large and still growing regulatory regime from both domestic and international regulators. Tamer Al Mauge, Managing Director MENA of Codebase Technologies speaks to Robin Amlôt of IBS Intelligence about the regulatory environment in the MENA region and the challenges for both regulators and banks in RegTech implementation in the Middle East.

Each year we look at the risks banks face and how well-equipped they are to deal with them. What are our latest findings? And what are supervisors most concerned about? In this episode of The ECB Podcast, our host Katie Ranger explores these questions with Supervisory Board Chair Andrea Enria and Vice-Chair Frank Elderson. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 12 February 2022 and recorded on 10 February 2022. In this episode: 00:58 - What are the results of our latest assessment of banks? How Europe's banks are faring two years into the pandemic and whether the crisis phase is over for them. 07:18 – How are banks doing on credit risk? How prepared banks are to manage credit risk and the issues our supervisors ask them to fix. 11:21 – The big risk on the horizon: the climate crisis How 2022 will be a big year for our work supervising climate risks and the extent to which banks are taking them into account. 15:30– Are banks' business models sustainable? How the digital transformation can make banks' business models more sustainable. 18:34 – Improving banks' internal governance Internal governance is a weak spot for banks and the role diversity can play in ensuring sound decision-making. 23:06 – Our guest's “hot tip” for our listeners A book recommendation related to the challenges banks are currently facing. Additional material: Press release: ECB requires banks to hold marginally more capital in 2022, 10 February 2022 https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr220210~6455538b07.en.html Press release: ECB will not extend capital and leverage relief for banks, 10 February 2022 https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr220210_1~ea3dd0cd51.en.html Aggregated results of SREP 2021, 10 February 2022 https://www.bankingsupervision.europa.eu/banking/srep/2022/html/ssm.srepaggregateresults2022.en.html Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the press conference on the results of the 2021 SREP cycle, 10 February 2022 https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220210~b95041902b.en.html The ECB Podcast: Making sure banks are run by the right people https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod211210_episode24.en.html The ECB Podcast: What lies on the horizon for Europe's bank? https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod211116_episode23.en.html Banking Supervision website www.bankingsupervision.europa.eu European Central Bank website www.ecb.europa.eu

How has the pandemic affected Europe's banks? Do they have the right tools to deal with what lies ahead? In this episode of The ECB Podcast, our host Katie Ranger explores these questions with insights from discussions at the 2021 ECB Forum on Banking Supervision. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 16 November 2021 and recorded on 11 November 2021. In this episode: 01:41 – What the pandemic has meant for banks The challenges that the coronavirus pandemic presents to the economy and the support measures put in place by banks. 03:13 – Why supervisors are keeping a close eye on credit risk How the support measures adopted during the pandemic might affect banks' credit risk and what we, as supervisors, recommend they do to minimise it. 6:48 – How the climate crisis is relevant for banks How physical and transition risks affect banks, what the role of banks will be during the transition to a greener economy and how they are doing in assessing climate risks. 11:08 – What is needed to deepen integration in the banking sector What progress has been made in completing the banking union, how this has been affected by the pandemic crisis and what still needs to be done to deepen integration. Additional material: ECB Forum on Banking Supervision 2021: Welcome address by Christine Lagarde, ECB President – YouTube recording, 9 November 2021 https://www.youtube.com/watch?v=6L1maMkK_l0 ECB Forum on Banking Supervision: ECB Forum on Banking Supervision 2021: Conversation with Andrea Enria, ECB Supervisory Board Chair – YouTube recording, 9 November 2021 https://www.youtube.com/watch?v=Z7XnY9en6ag ECB Forum on Banking Supervision 2021: Credit risk: managing through the pandemic – YouTube recording, 9 November 2021 https://www.youtube.com/watch?v=igMB9ZE4kLc ECB Forum on Banking Supervision: Climate change: are banks and supervisors prepared? – YouTube recording, 10 November 2021 https://youtu.be/GAw3wKUBlK8 ECB Forum on Banking Supervision: European banking: necessary steps to deepen integration – YouTube recording, 10 November 2021 https://youtu.be/IVIvxh7t6Og Remarks by Christine Lagarde at the ECB Forum on Banking Supervision, 9 November 2021 https://www.ecb.europa.eu/press/key/date/2021/html/ecb.sp211109_1~6cdc943638.en.html European Central Bank website https://www.ecb.europa.eu/home/html/index.en.html You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

The Fundamental Review of the Trading Book (FRTB) was initiated by the Basel Committee on Banking Supervision in the years following the 2007-2009 financial crisis with the aim of completely revising the approach of calculating risk-based capital requirements for trading activities. In this podcast, SIFMA's Peter Ryan, Head of International Capital Markets and Prudential Policy, sits down with Joseph Seidel, Chief Operating Officer, to provide a high-level introduction to the FRTB, describing what it was designed to do and why we are hearing more about it now, and explain what is contained in the package of reforms. To view the transcript and more, visit https://www.sifma.org/resources/news/podcast-a-guide-to-frtb-and-why-its-important/.

Last week Janet Yellen called for rapid action to ensure there is an appropriate US regulatory framework in place for crypto-assets. A month ago the Basel Committee on Banking Supervision said that banks' exposures to crypto should carry the toughest capital requirements. Todays video looks at what consumer protections are in place for crypto investors today. What regulations protect you? What happens if you are hacked, or if a crypto exchange goes bust? What will the SEC do about Ponzi schemes, pump and dumps and rug pulls?Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel: https://www.youtube.com/c/PatrickBoyleOnFinance/videos Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

The rise of blockchain and crypto assets are going to profoundly influence the future development of financial services and are naturally of great interest to supervisors. How supervisors decide to regulate crypto will in itself play a major role in how traditional financial services adapt to this new phenomenon. This episode looks at the approaches being taken in the EU, UK, US and some other jurisdictions and how it might impact the transition of crypto into mainstream finance. It also looks at how the recent consultation by the Basel Committee on Banking Supervision on the prudential treatment of crypto exposures will influence banks. Exploring these issues is Yves Longchamp, head of research at SEBA Bank, a Swiss bank providing a bridge between traditional and digital assets and Lavan Thasarathakumar, the regulatory affairs director EMEA at Global Digital Finance, an association advocating for digital assets. See acast.com/privacy for privacy and opt-out information.

Welcome to Finance and Fury. This episode we will continue looking at the crypto markets. In particular, we focus on the regulatory frameworks that have been released by the Bank for international settlements, BIS for short. One division of the BIS - the Basel Committee on Banking Supervision - released a consultation paper this month to provide a framework to every nation's regulator of financial institutions on how to treat cryptocurrencies - Now – the Basel Committee on Banking Supervision is the world's most powerful regulator of banking standards and rules – it gets to decide what capital adequacy banks should focus on, as well as what assets should be classified as capital – if you have been listening for a while, you would have heard me mention this group – they are who APRA, who regulates superfunds and banks in Aus take their directions from So this recent release is meant to provide the framework for banks on how to treat different forms of cryptocurrency on their balance sheets - if they wish to start purchasing crypto The big question of this episode is if this is a major win for cryptocurrencies, as it was initially treated as purely based around market price reactions, or is this something that could actually damage the crypto markets through a financial system takeover? Firstly, it is important to note that this paper does not refer to crypto as a currency – such as the name cryptocurrency would imply – instead, they call them cryptoassets – implying that these are assets for banks or for the financial system to hold or trade these as assets – this off the bat could be viewed as an implied intent, where in the BIS's view, existing cryptos will never be treated as a currency in the mainstream – but I wanted to mention this as I will be using the term cryptoasset throughout most of this episode when it is in relation to this prudential paper – please forgive me in advance as cryptoassets will be mentioned a lot Another important point is that this report specifically states that central bank digital currencies will not fall under this legislative framework – which also implies that this is a serious option that they are looking at and will fall under a different legislative framework – as an actual currency, not a crypto asset – which we will come back to next week Start with the introduction to the BIS report – The BIS have noted that over the past few years, they have seen rapid growth in cryptoassets – with market capitalisation of these assets rising – sitting at an estimated $1.5 trillion But while the cryptoasset market remains small relative to the size of the global financial system – there continues to be rapid developments, with increased attention from a broad range of stakeholders – these stakeholders are some investment banks, since banks like JPM, Goldman and Citi have already launched their own crypto-focused businesses – I find it hard to believe that the BIS would view individuals as stakeholders In this report the BIS brings up the normal rage of concerns with Cryptoassets – including consumer protection, money laundering and terrorist financing, as well as their carbon footprint from the electricity usage But the big point of concern they focus on is that, quote: “The Committee is of the view that the growth of cryptoassets and related services has the potential to raise financial stability concerns and increase risks faced by banks.” In other words, crypto can be destabilising on the financial system – anything that provides some potential competition is destabilising if you are used to monopoly controls – this happens in all aspects of commerce – if you have a monopoly business operating who can fix prices and provide poor services, then a competitor appears, this is destabilising for your business practices, you will lose customers – so what to do? In most cases they simply buy out the competitor or have them shut down If banks were to start trading crypto using derivatives, then this could also pose a risk to the financial system The report also mentions that certain cryptoassets have exhibited a high degree of volatility, and could present risks for banks as exposures increases – these risks include liquidity risk; credit risk; market risk; operational risk (which include fraud and cyber risks); money laundering / terrorist financing risk; and legal and reputation risks – this basically ticks all the risk boxes beyond political/legislative risk – but to the BIS this isn't a concern, as they impose these risks on the market To that end, the BIS Committee has taken steps to address these risks through producing this legislative framework – and they first started looking at this over two years ago, back in March 2019 – where the Committee published an article on the risks associated with cryptoassets – then in December 2019, the Committee published a discussion paper seeking views of stakeholders on a range of issues related to the prudential treatment of cryptoassets – remember stakeholders are entities with direct connections to the BIS – i.e. Central Banks and megabanks It is important to note that mega banks like JPM, Goldman and Citi group are very interest in securitising crypto – anything that can be securities to make a profit off is a bonus in their eyes – remember in the mid-2000s they were creating synthetic contracts off collateral debt obligations – i.e. peoples mortgages to try and made more money than simply what the interest payments could provide to a commercial bank   How does this legislative framework treat cryptocurrencies – or cryptoassets as the BIS refers to them – I won't be covering the minute details for the sake of time, as this report is 20 something pages long – but if you are interested the links will be in the show notes at financeandfury.com – or you can look up Prudential treatment of cryptoasset exposures – but I will be covering the higher level implications of this framework Cryptoassets are defined as private digital assets that depend primarily on cryptography and distributed ledger or similar technology – these digital assets are a digital representation of value, which can be used for payment or investment purposes The prudential treatment of cryptoassets has been guided by three general principles: Same risk, same activity, same treatment: a cryptoasset that provides equivalent economic functions and poses the same risks compared with a “traditional asset” should be subject to the same capital, liquidity and other requirements as the traditional asset. The prudential treatment should, however, account for any additional risks arising from cryptoasset exposures relative to traditional assets. Simplicity: The design of the prudential treatment of cryptoassets should be simple. Cryptoassets are currently a relatively small asset class for banks. As the market, technologies and related services of cryptoassets are still evolving, there is merit in starting with a simple and cautious treatment that could, in principle, be revisited in the future depending on the evolution of cryptoassets. Minimum standards: Any Committee-specified prudential treatment of cryptoassets would constitute a minimum standard for internationally active banks. Jurisdictions would be free to apply additional and/or more conservative measures if warranted. As such, jurisdictions that prohibit their banks from having any exposures to cryptoassets would be deemed compliant with a global prudential standard This is an important point – as the framework is the minimum standards that need to be applied – if a regulator wishes to go above and beyond, or even ban banks for holding crypto, that is well within their rights and would be deemed compliant   In essence – what these principles do – assuming a bank is allowed to trade crypto - is break it down into groups of assets – Group 1 (broken down into A and B) and then Group 2 Group 1 cryptoassets – these fulfil a set of classification conditions and as such are eligible for treatment under the existing Basel Framework (with some modifications and additional guidance). These include certain tokenised traditional assets and stablecoins Group 1 cryptoassets will be subject to at least equivalent risk-based capital requirements based on the risk weights of underlying exposures as set out in the existing Basel capital framework. The cryptoasset either is a tokenised traditional asset or has a stabilisation mechanism that is effective at all times in linking its value to an underlying traditional asset or a pool of traditional assets. In the case of underlying physical assets, they must verify that these assets are stored and managed appropriately All cryptoasset arrangements must ensure full transferability and settlement finality at all times. In addition, cryptoassets with stabilisation mechanisms must ensure full redeemability (ie the ability to exchange cryptoassets for cash, bonds, commodities, equities or other traditional assets) at all times. Group 2 cryptoassets – are those, such as bitcoin, that do not fulfil the classification conditions. Since these pose additional and higher risks, they would be subject to a new conservative prudential treatment These coins are the ones that people would be more familiar with – such as BTC, ETH, ripple, really any coin that isn't a stable coin or a tokenized version of an asset like a share, bond, commodity or currency Each of these groups therefore have different Capital requirements for each banks reserve requirement - Similar to activities related to traditional assets that the banks hold, such as loans, bank activity related to cryptoassets will increase the operational risk charge to a bank within the Basel framework – due to cryptoassets being new and rapidly evolving, there is potentially an increased likelihood that they pose unanticipated operational risks in most cases to the banking system – this is basically saying that they don't know the true risks to the financial system if banks start trading crypto Group 1 cryptoassets will be subject to the requirements set out in the Basel Framework for a normal asset that the banks hold – group 1 is broken up into two categories depending on the classification of the asset Group 1a cryptoassets: tokenised traditional assets – i.e Tokenised traditional assets use an alternative way of recording ownership of traditional assets through the use of cryptography - may be treated as equivalent to a traditional asset for the purpose of calculating minimum capital requirements for credit and market risk - In practice this means that a tokenised cryptoasset is treated the same as - Bonds, loans, commodities, deposits and equities in regards to capital adequacy requirements This is because this form of cryptoasset must confer the same level of legal rights as ownership of these traditional forms of financing, eg rights to cash flows, claims in insolvency etc. For example, a tokenised corporate bond held in the banking book will be subject to the same risk weight as the non-tokenised corporate bond held in the banking book. Similarly, if a bank holds a derivative on a tokenised asset, it will be reflected in the market risk charge in the same way as a derivative on the non-tokenised asset – so in the banks eyes there is no difference in holding a bond or a tokenised version of the bond so – a tokenised cyptoasset can be recognised as collateral for the purposes of credit risk mitigation if it falls within the framework Group 1b cryptoassets: cryptoassets with stabilisation mechanisms that seek to link the value of a cryptoasset to the value of a traditional asset or a pool of traditional assets through a stabilisation mechanism. Cryptoassets under this category must be redeemable for underlying traditional asset(s) (eg cash, bonds, commodities, equities) – things like a stablecoin – so whilst not a tokenised version of the asset, its value is linked to the underlying asset, therefore it is treated relatively similar – however Group 2 cryptoassets – are those that pose unique risks compared with Group 1 - as such are subject to the newly prescribed capital requirement – these are coins like BTC and ETH – anything that doesn't have a tether to the value A risk weight of 1250% is applied to the greater of the absolute value of the aggregate long positions and the absolute value of the aggregate short positions to which the bank is exposed. A 1250 percent risk-weight is the equivalent in banking terminology to a 100% capital requirement So for bitcoin and Ethereum - this would require banks to hold $1 dollar for every $1 in "exposure" to those assets This is in line with the toughest standards for banks' exposures on riskier assets, such as illiquid shares or junk bonds - So if the bank has a $100 exposure in bitcoin this would result in a minimum capital requirement of $100 This also applies to cryptoasset derivatives positions with the potential maximum loss value under a RWA formula – This can be a bit of an issue for the derivative markets – as the RWA is often not the total loss based around the value of the trade, but the cost of the derivative contract – which is often many times smaller – as you are paying for a premium So in summary – if the assets are a tokenised version of an asset, or use an asset as an anchor for their value, then the banks can hold these and it can be treated as part of their capital requirements under the existing Basel III requirements – so banks can use this as part of CAR to against their RWA – under Basel III – you need to hold 8% of your RWA – which in Aus is calculated as 35% of your loans   My take on all of this This could be good news for crypto markets, as they now may see greater recognition by the most powerful financial institution on earth when it comes to providing direction on regulatory frameworks Or, it could be that the financial system sees another way to make some money – so why not take the plunge? There is nothing inheritably wrong with making money – but the way that banks do this, especially in the US is different from you or I purchasing crypto The issue with this is the structure of the financial system – as these banks are TBTF If you buy one BTC for $50k and it drops down to $10k, you have lost $40k which sucks – you will likely feel bad – but you can hold onto this and hope the price recovers But the way a bank like JPM or Goldmans make these trading positions is normally though the use of derivatives on these assets – they only put up a fraction of the funds and cannot simply hold if the prices decline – because of counter party risk – as each bank tries to get out of a position at one point of time – this can create major issues -financial system collapse – If you go bankrupt – then too bad – if a bank goes bankrupt – this becomes your problem – as banks will get bailed out – remember, they are Too big to fail The BIS notes that the extreme price volatility of some of these assets – particularly those in group 2 – have unproven track record of liquidity will make it challenging to hedge positions when providing derivative instruments or when manufacturing investment products that reference crypto assets There are any number of ways that this can explode in the future – here are just three I can think of off the top of my head One – Requirements for additional dollars or bonds to be printed to absorb the increase in the RWA for any bank holding category 2 of the crypto assets – Say BTC does go to $500k - Banks need to increase cash they hold if prices rise – banks don't hold much cash relative to their overall asset and liability position – the balance sheet of banks is basically neutral – they have the same amount of liabilities as assets – so if the price of cryptos increases massively, then banks would need to have central banks expand the money supply further for them to maintain their CAR requirements Reminds me a little bit of the Mississippi bubble – the price of assets increases to the point that people want to cash out – but not for a worthless form of conversion such as the paper money being issued – if cash like the USD continues to be expanded at its current pace – people could request alternative assets destabilising the financial system - could create a major issue down the road Two – asset bubble through bank speculation and derivative practices – The GFC period was bad enough when you have banks speculating on newly created assets – whilst mortgages have been around for hundreds of years, the CDOs were relatively new – Through entering into crypto – banks are entering into a new territory of pure speculation – the buying and selling of cryptoassets by itself isn't the issue – but the speculative practice of derivates and who knows what else they come up with in the years to come could become a major issue for the stability of the financial system – could both collapse crypto markets as well as shares and bonds if economic confidence gets hit Three – Additional risks, such as AML issues – if the banks do not act in good faith, because to be honest they do not have a good history of this – there could be a call by regulators for additional crack downs on crypto So in summary – this legislation Creates a two tiered system for Cryptos – and opens the door for the largest financial entities to begin speculating on what is already a volatile asset For the two tiers - one is seen as good as the assets underlying it - The other – is seen as a very risky asset class So we may also see the rise of tokenised assets and a new wave of how the economy works In addition – it means that you will now be competing with the most sophisticated traders on earth – complex computer algorithms dictating market prices could see larger swings in volatility It goes without say that governments are increasingly focused on issues surrounding cryptocurrencies – especially with some central banks exploring digital currencies – this even came up in the recent G7 meetings this month So we will finish off the crypto series next episode looking at China's Central bank digital currency Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/  https://www.bis.org/bcbs/publ/d519.pdf

Environmental, social governance (ESG) factors and the rapid rise of crypto assets and currencies and blockchain have all become major focal points for supervisors. This is necessitating, in some cases, new regulatory frameworks or adapting existing ones. In this episode, Bryan Stirewalt, the CEO of the Dubai Financial Services Authority (DFSA) shares his insights into how the authority is approaching the regulation of crypto and he also delves into how the global adoption of ESG can be encouraged in a more standardised fashion.Other topics covered include the DFSA's work with international standard setters such as the Basel Committee on Banking Supervision where Mr Stirewalt represents non-Committee members. See acast.com/privacy for privacy and opt-out information.

Did you think you would find drama in a podcast on bank regulations? Think again. Johan Trocmé, Viktor Sonebäck and Kajsa Andersson from Nordea Thematics talk about what Basel IV is, why the Basel Committee for Banking Supervision is involved in regulations to begin with, and what they are hoping to achieve with this finalisation of Basel III. Most importantly, they explore what this will mean for corporate borrowers, based on findings in their recent NOYM report. Disclaimer: All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid as of the stated publication date and are subject to change without notice. The podcast is intended only to provide general and preliminary information to investors and shall not be construed as the basis for any investment decision. This publication or report has been prepared by Nordea Markets as general information for private use of investors to whom the publication or report has been distributed, but it is not intended as a personal recommendation of particular financial instruments or strategies and thus it does not provide individually tailored investment advice, and does not take into account the individual investor’s particular financial situation, existing holdings or liabilities, investment knowledge and experience, investment objective and horizon or risk profile and preferences. The investor must particularly ensure the suitability of an investment as regards his/her financial and fiscal situation and investment objectives. The investor bears the risk of losses in connection with an investment. Before acting on any information in this publication or report, it is recommendable to consult one’s financial advisor.

As financial systems worldwide look forward to a post-pandemic environment, are bank supervisors setting clear expectations today for their supervised institutions? This Toronto Centre podcast reviews the importance of “Sticking to the Basics” of effective financial sector supervision. Bill Coen, Toronto Centre board member and former Secretary General of the Basel Committee on Banking Supervision, catches up with longtime colleague, Tom Dujenski, an experienced adjunct professor, financial services consultant and retired senior US bank regulator.

In the last decade, Djibouti has grown to be one of Africa's major hubs for Islamic banking. The country wants to boost the sector by tapping into Turkish expertise. At the Bosphorus Summit held this week, Djibouti's central bank signed a pact with Turkish banks to increase the transfer of knowledge and skills in Islamic finance. We spoke to Malik Garad, who's the Head of Banking Supervision at the Central Bank of Djibouti and asked him about what his government hopes to achieve with the deal. #Djibouti #IslamicBanking #Turkey

Pat Parkinson is a senior fellow at the Bank Policy Institute and a 30-year one veteran of the Federal Reserve system, where he served as director of the Division of Banking Supervision and Regulation. During that time, he was also a member of the Basel Committee on Banking and advised Alan Greenspan, Ben Bernanke, and Tim Geithner on financial market issues. Pat joins Macro Musings to discuss the treasury market meltdown in March 2020, as well as what we can do moving forward to avoid this issue from happening again. Specifically, David and Pat outline the implementation of a standing repo facility, changes to the supplemental leverage ratio, expanded central clearing, and increased data collection as possible solutions to this problem.     Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Pat’s BPI profile: https://bpi.com/people/pat-parkinson/   Related Links:   *Enhancing Liquidity of the U.S. Treasury Market Under Stress* by Nellie Liang and Pat Parkinson https://www.brookings.edu/research/enhancing-liquidity-of-the-u-s-treasury-market-under-stress/   *US Treasuries: The Lessons from March’s Market Meltdown* by Colby Smith and Robin Wigglesworth https://www.ft.com/content/ea6f3104-eeec-466a-a082-76ae78d430fd   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

When it comes to setting out the financial system’s response to climate change and the related risks, it is clear that financial regulation will have a key role to play. Over the past year, we’ve seen supervisors setting out their expectations for climate risk management, with a number undertaking stress testing or scenario analysis exercises. More authorities are implementing mandatory Climate-Related Financial Disclosures, and the NGFS continues to grow, with now over 80 members. The recognition of climate change as a source of systemic risk means that this flurry of activity is set to continue this year. That’s why this episode will be focusing on what the appropriate role of financial services is in tackling climate change, as well as the best way to test firms’ resilience to these risks. We’ll also discuss how climate risks should be balanced alongside broader ESG risks and some of the key hurdles that will need to be overcome in the years ahead.   This episode covers: How financial regulators are responding to climate risk Stress testing and scenario analysis – how and when these tools should be deployed Some of the current limitations around data Looking beyond climate change to broader environmental issues   If you have any questions, thoughts or feedback regarding this podcast series, we would love to hear from you. Please email us at: climateriskpodcast@garp.com   ------------------   Arthur Yuen – Deputy Chief Executive at the HKMA Arthur Yuen is in charge of the full range of banking policy, supervision, conduct, and enforcement issues at the HKMA. He joined the HKMA in 1996 as Head of Administration and has since taken up different responsibilities including research and liaison on China economic and market development issues before being appointed Head of Banking Supervision in 2000. He took up the position as Executive Director (Banking Development) in July 2004, Executive Director (Banking Supervision) in June 2005 and Executive Director (External) in July 2008. He was appointed to his present position on 1 January 2010.

The Central Bank of Nigeria has approved the release of banks’ excess cash reserve requirement which is above the regulatory minimum.It stated that it would be done through its issuance of 90-day CBN Special Bills.The CBN stated this in a letter addressed to all banks, dated December 1, 2020, signed by its Director, Banking Supervision, Mr. Bello Hassan.At last month’s Monetary Policy Committee meeting, the CRR was retained at 27.5 per cent.--- Support this podcast: https://anchor.fm/newscast-africa/support

“What can be measured, can be managed”   Paul Hiebert, Head of Systemic Risk & Financial Institutions Division at the European Central Bank, joins Kopi time to talk about climate change and financial risks. He goes over the key initiatives undertaken by various Euro area institutions to produce and disseminate better data, standards, and analysis so that private and public sector can prepare for the impending high cost of dealing with climate change. Paul shares estimates of relevant long-term potential loss in GDP and the annual cost of remedial measures that are now being used for planning and regulation purposes. He then goes over key initiatives by regulators and governments to estimate climate change related credit risk on the balance sheet of the financial sector, work in progress to build the capacity to price such risks, and simulation and scenario analysis to quantify the need for further investment. Paul also sheds light on initiatives beyond the Euro Area, such as by the Network for Greening the Financial System, the Financial Stability Board, and the Basel Committee on Banking Supervision. See omnystudio.com/listener for privacy information.

Following the 2007-9 global financial crisis - the Basel framework underwent significant revisions. It's partly thanks to these changes that banks entered the Covid-19 pandemic induced crisis in a robust condition. Nonetheless, it remains unclear how deep and prolonged the current downturn will be and how many bad loans banks will notch up in the process. Therefore, could there be further revisions to the Basel framework? Particularly if the current crisis turns out to be particularly bad and badly damages the financial sector? Also, the world is far more divided than it was on the eve of the last financial crisis. How might this impact supervisory cooperation, deliberations within the Basel Committee and adherence to the Basel framework. And lastly, what impact might sustainable finance and climate change have on prudential frameworks? Addressing these topics is Bill Coen, former secretary general of the Basel Committee on Banking Supervision and chair of the IFRS Advisory Council. He also sits on the board of directors of the Toronto Centre, a global non-profit organisation that provides leadership training in financial supervision. Also, sharing his views is Paul Sharma, a Managing Director at Alvarez & Marsal and was a Deputy Head of the Prudential Regulation Authority and a former member of the Basel Committee See acast.com/privacy for privacy and opt-out information.

Bill Coen, former Secretary General of the Basel Committee on Banking Supervision, discusses his experience on the Basel Committee as he led the effort to develop and define the Committee's strategy with the ultimate objective of reaching consensus on global guidelines, standards, and best practices. As Secretary General and career at the Basel Committee, Bill played an instrumental role in reshaping the regulation of the global financial system, particularly after the global financial crisis. Bill also highlights some of the critiques on the Basel Committee. Want to contact the show? Email reiners@law.duke.edu Interested in learning more about issues in financial regulation and policy? Check out the Global Financial Markets Center's blog: https://sites.duke.edu/thefinregblog/ You can learn more about the Global Financial Markets Center by visiting our website: https://law.duke.edu/globalfinancialmarkets/

William Coen recently left his job of Secretary General of the Basel Committee on Banking Supervision. In this episode of BISness, he looks back at his years at the helm of the global standard setter for the prudential regulation of banks.

As CEO and president of the Kansas City Fed, George leads a workforce of more than 1,900 employees located at the Bank’s Kansas City office and Branch offices in Denver, Oklahoma City and Omaha. The Kansas City Fed oversees seven states: western Missouri, Kansas, Nebraska, Oklahoma, Colorado, Wyoming and northern New Mexico. Throughout this region, the Kansas City Fed plays a role in national monetary policy, supervises financial institutions and provides payment and financial services to depository institutions and the U.S. Treasury. George joined the Fed in 1982 and served much of her career in the Division of Supervision and Risk Management. She began by becoming a commissioned bank examiner and eventually served for ten years as the District’s chief regulator. She was directly involved in the Tenth District’s banking supervision and discount window lending activities during the banking crisis of the 1980s and post-9/11. During the financial crisis, George served as the acting director of the Federal Reserve's Division of Banking Supervision and Regulation at the Board of Governors of the Federal Reserve System in Washington, D.C.  She currently serves as the executive sponsor of the Federal Reserve System’s efforts to improve the U.S. payments system.  George hosts the Federal Reserve Bank of Kansas City’s annual Jackson Hole Economic Symposium. In 2019, she will be a voting member of the Federal Open Market Committee, which is responsible for setting U.S. monetary policy.

In this episode of the Director's cut, Bruegel's director Guntram Wolff hosts a conversation with Danièle Nouy, the first chair of the European Single Supervisory Mechanism. On the eve of the end of her mandate she traces the legacy of her five years and the prospects for the future of banking supervision in Europe.

European Banking Supervision: the past five years and prospects for the future by BruegelEvents

Jesse McWaters speaks about analyzing the impact of blockchain technology on industry and society at the World Economic Forum, disruption vs. collaboration in the financial sector, why blockchain technology gives people a license to image a future without constraint, the role of established financial institutions in the cryptoasset space, why the road of blockchain entrepreneurs differs from those in the FinTech space, how the blockchain narrative changed in recent years, blockchain regulation, checks and balances, code of conduct in ICOs, why blockchain technology might become less of a binary idea in the future, and much more. Jesse leads the World Economic Forum's exploration of fintech and financial innovation where he works with financial executives, regulators and a global network of innovators to analyze the implications of open banking, blockchains, digital identity, and AI on the financial sector and society. Jesse is a frequent speaker and media commentator on CNBC's Closing Bell, in the Financial Times, The Wall Street Journal, Wired, and the New York Times and he has presented his analyses to financial institutions and global policymakers such as the Financial Stability Board, the Basel Committee on Banking Supervision, the Federal Reserve Board, the Peoples Bank of China, the European Parliament, and the FDIC. Jesse McWaters: https://www.weforum.org/agenda/authors/jesse-mcwaters/, https://twitter.com/rjmcwaters Previous interview with Jesse for my blockchain documentary (2017): https://blockchain-documentary.com/jesse-mcwaters-wef/ The Blockchain and Us newsletter To stay up to date about what blockchain pioneers, innovators and entrepreneurs from all around the world think about the future of this space, sign up for the newsletter.

The 2008 global financial crisis exposed the vulnerability of banks that do not hold enough capital. The Basel Committee on Banking Supervision has since revised capital requirements for banks. In this podcast, we ask IMF economist Lev Ratnovski, how much capital banks need to hold to avert another crisis. Contributors: Lev Ratnovski, Senior Economist in the IMF’s Research Department.

After its first 18 months, how has the SSM affected the European banking system? While the report presented by Dirk Schoenmaker and Nicolas Véron contains very insightful analyses, covering both quantitative and qualitative aspects of the European banking landscape, their focus in the event was on the assessment of European banking supervision. You can find more information on the event and the topic here: http://bruegel.org/events/european-banking-supervision-the-first-eighteen-months/

Mark Carney began his new role at the helm of the Bank of England last week. In this week’s podcast, Patrick Jenkins, banking editor, is joined by Chris Giles, economics editor and Brooke Masters, chief regulation correspondent, to review Mr Carney’s first few days in the job, and what his top priorities will be as governor. Also discussed is the Basel Committee on Banking Supervision’s latest blow to the credibility of the main measure of bank safety, core tier one capital ratios, and Tobias Buck, Madrid bureau chief, joins to examine why Spanish banks are preparing for Basel III by attempting to get deferred tax assets changed into tax credits See acast.com/privacy for privacy and opt-out information.

This episode contains the audio of an Australian Securitisation Forum lunch series panel held on 28 February 2013 at Ernst & Young in Melbourne. The subject was the Basel Committee on Banking Supervision's consultative document on revisions to the securitisation framework issued in December 2012. Submissions are due by 15 March 2013. A panel made up of David Addis, from Cygnus Advisory and Dennis Craig from National Australia Bank discussed the consultative document.

Episode 2 contains the audio of an Australian Securitisation Forum evening series panel held on 12 February 2013 at Clifford Chance in Sydney. The subject was the Basel Committee on Banking Supervision's consultative document on revisions to the securitisation framework issued in December 2012. Submissions are due by 15 March 2013. A panel made up of David Addis, from Cygnus Advisory, Stephen Maher, from Macquarie Bank and Dom Di Gori from ANZ discussed the consultative document.

Fri, 1 Jan 1993 12:00:00 +0100 http://epub.ub.uni-muenchen.de/10367/ http://epub.ub.uni-muenchen.de/10367/1/10367.pdf Rudolph, Bernd Rudolph, Bernd (1993): Capital Requirements of German Banks and the European Economic Community Proposals on Banking Supervision. In: Dermine, Jean (Hrsg.), European banking in the 1990s. Blackwell: Oxford u.a., pp. 373-385.

Mon, 1 Jan 1990 12:00:00 +0100 http://epub.ub.uni-muenchen.de/10371/ http://epub.ub.uni-muenchen.de/10371/1/10371.pdf Rudolph, Bernd Rudolph, Bernd (1990): Capital Requirements of German Banks and the European Economic Community Proposals on Banking Supervision. In: Dermine, Jean (Hrsg.), European banking in the 1990s. Blackwell: Oxford u.a., pp. 357-368.