Podcasts about deposit insurance

bank michael jordan deposit insurance

Play Episode Listen Later May 23, 2024 38:20

The fund backing New Zealand's incoming depositor compensation scheme is going to be small, it's going to take a long time to reach its target level, and the lack of depositor preference in the scheme is a mistake, according to a deposit insurance expert.Geof Mortlock, an international financial regulatory consultant who does work for the International Monetary Fund and World Bank specialising in financial system stability, resolution of bank failures and deposit insurance, spoke about the depositor compensation scheme in a new episode of interest.co.nz's Of Interest podcast.The scheme, expected to be launched in mid-2025, will provide protection of up to $100,000 per eligible depositor, per licensed bank, building society, credit union and deposit taking finance company, in the event of deposit taker failure. Finance Minister Nicola Willis has decided the fund backing the scheme, to be funded through levies paid by deposit takers, will be built up over 20 years to a size equivalent to 0.8% of protected deposits, or about $1 billion.Mortlock says other countries typically have a fund size equivalent to between about 1% and 4% of protected deposits, and he recommends taking about 10 years to build the fund up to its target level.He says the NZ scheme would likely be used for the failure of a non-bank deposit taker or small bank, but wouldn't be sufficient for the failure of a medium-sized or big bank, the failure of which would require "alternative mechanisms." Nonetheless Mortlock says it is worth having the scheme."I think it's definitely worth having because there are quite a sizable number of small deposit takers out there. And at some stage, one of them is going to fail. Hopefully not for a long time. But statistically, if you look around the world, there are occasional bank failures, and most of them tend to be small.""For a small deposit taker or a medium sized one, I think having a deposit insurance scheme is really important, and I think it helps in two ways. It reduces the risk of what we call interbank contagion, where one failure can trigger multiple runs across the banking system. And secondly, it helps to reduce the risk for the taxpayer, because it means that there is a dedicated fund paid in by deposit takers and therefore [this] reduces the need for government funding," says Mortlock."But for a large bank failure, it is not going to be sufficient. And if you look around the world for a large bank failure, deposit insurance funds are not typically used anyway."An option for a larger bank failure is the Reserve Bank's Open Bank Resolution (OBR) Policy. In the podcast Mortlock explains why he thinks it would be "potentially catastrophic" for the Reserve Bank to use OBR, and he doesn't think a Finance Minister would allow them to.In the podcast he also talks about what other resolution options could be for a large bank failure, what products the scheme will cover, the impact deposit takers paying a levy may have on deposit rates, how the Reserve Bank should administer the scheme, bail-in, depositor preference and more.Under depositor preference, depositors rank ahead of other secured creditors in a liquidation. Mortlock says it helps reduce the risk of runs on banks, and facilitates bail-in whereby unsecured liabilities such as bonds may be written down or converted into equity in the event of a bank failure.At the moment, with OBR, NZ is "about the only jurisdiction I can think of outside of some dubious ones, which would apply a haircut to deposit liabilities and no depositor preference," Mortlock says."So if you're a wholesale depositor in a bank and the banking system is looking shaky, and you know that the OBR is out there and could be triggered, what are you going to do? I think you're going to do a preemptive run. And what would that do? That would almost certainly mean that the [Reserve Bank] Governor, joined by the Minister of Finance, would have to say, a, we're not doing OBR, and b, we are putting in place a temporary guarantee of all wholesale deposits. Just the opposite of what you would want to have to do. So I think it is a foolish policy, OBR, and made even more foolish by the absence of depositor preference."*You can find all episodes of the Of Interest podcast here.

[TOP STORY] Bank deposit insurance has come to stay in SA

MoneywebNOW

Play Episode Listen Later Apr 26, 2024 8:42

‘We expect a lot more competition and we think customers are now going to go to the innovative banks that give them the better deals, not just the big ones': Michael Jordaan, co-founder and chairman of Bank Zero.

South African Reserve Bank launches Corporation for Deposit Insurance to protect depositors in the event that banks fail

Update@Noon

Play Episode Listen Later Apr 26, 2024 3:30

The South African Reserve Bank (SARB) says South African bank account holders may rest assured that their deposits are safe in their accounts. This comes as the central bank launched the Corporation for Deposit Insurance (CODI) in Johannesburg. CODI is a subsidiary of the Reserve Bank that will work with other financial sector players to protect depositors in the unlikely event that their bank fails and is placed into curatorship. Nothando Magudulela reports...

event fail protect banks south africans corporations launches johannesburg reserve bank south african reserve bank deposit insurance

Deposit Insurance could disrupt SA banking dramatically, says Bank Zero

The Best of the Money Show

Play Episode Listen Later Apr 25, 2024 5:29

Deposit Insurance protects depositors up to R100,000 in the event of a bank collapse. Michael Jordaan, co-founder of Bank Zero, discusses the idea of insurance and whether top banks are too big to fail with Bruce Whitfield. See omnystudio.com/listener for privacy information.

michael jordan banking disrupt dramatically r100 deposit insurance bruce whitfield

SA Reserve Bank launches the Corporation for Deposit Insurance

The POWER Business Show

Play Episode Listen Later Apr 25, 2024 9:59

Noluthando Mthonti-Mlambo speaks to Dr Rashad Cassim, a Deputy Govenor at the SA Reserve Bank about the Corporation for Deposit Insurance.See omnystudio.com/listener for privacy information.

corporations launches reserve bank deposit insurance

Jenee Tibshraeny: NZ Herald Wellington business editor on the backlash to proposed new deposit insurance scheme

Heather du Plessis-Allan Drive

Play Episode Listen Later Mar 13, 2024 3:00

The Reserve Bank and Treasury are designing a new deposit insurance scheme. However, Credit unions, building societies and finance companies have voiced concern that these measures could impact their bottom lines. NZ Herald Wellington business editor Jenee Tibshraeny explains the risks and benefits involved in this scheme. LISTEN ABOVESee omnystudio.com/listener for privacy information.

money business credit backlash treasury proposed scheme wellington reserve bank nz herald business editor jenee deposit insurance listen abovesee tibshraeny

Ever heard of deposit insurance?

Live at the Nut Bar

Play Episode Listen Later Mar 13, 2024 27:31

This week Dave Tyrer (DT) steps in for JB who is swanning around, and we discuss the latest introduction to the insurance suite - enter deposit insurance! Is it a good thing? Who benefits?If you have any questions or things you'd like to hear us talk about, get in touch with us at david@squirrel.co.nz or John@squirrel.co.nz. You can find Dave Tyrer at dave@squirrel.co.nz. The opinions expressed in this podcast are not financial advice, or a recommendation of any financial product. Any commentary provided are personal views and are not necessarily representative of the opinions of Squirrel. As always, we recommend seeking professional investment or mortgage advice before taking any action. Hosted on Acast. See acast.com/privacy for more information.

acast squirrel jb ever heard deposit insurance

Jenee Tibshraeny: NZ Herald Wellington business editor on the backlash to proposed new deposit insurance scheme

Best of Business

Play Episode Listen Later Mar 13, 2024 3:09

The Reserve Bank and Treasury are designing a new deposit insurance scheme. However, Credit unions, building societies and finance companies have voiced concern that these measures could impact their bottom lines. NZ Herald Wellington business editor Jenee Tibshraeny explains the risks and benefits involved in this scheme. LISTEN ABOVESee omnystudio.com/listener for privacy information.

money business credit backlash treasury proposed scheme wellington reserve bank nz herald business editor jenee deposit insurance listen abovesee tibshraeny

Unpacking the 2024 National Budget: Where your taxes really go

My Money My Lifestyle

Play Episode Listen Later Feb 23, 2024 40:04

In this insightful episode of My Money My Lifestyle, host Maya Fisher-French takes you behind the scenes of South Africa's national budget with the expertise of Mr. Edgar Sishi, Deputy Director General of National Treasury and Head of the Budget Office at National Treasury. As the nation grapples with the impact of financial decisions, Maya and Mr. Sishi dissect the complexities of a R2.37 trillion budget, the daunting reality of debt servicing costs, and the delicate balance of tax collection. Ever wondered about the gargantuan task of managing a country's budget amidst divergent opinions on taxation and spending? This episode shines a light on the intricate process of fiscal policy-making, the rationale behind the absence of bracket creep relief, and the contentious topic of wealth taxes. Maya also probes into the government's social wage spending, which accounts for a staggering 60% of the budget, and the introduction of the Corporation for Deposit Insurance, set to safeguard individual deposits up to R100,000. But it's not just about the big numbers and policies. Maya and Mr. Sishi delve into the future of tax-free savings accounts and the innovative use of the gold and foreign exchange contingency reserve account to reduce national borrowing. This episode is a must-listen for anyone seeking clarity on South Africa's financial roadmap and the implications for personal finance. Tune in to demystify the national budget, understand the implications of fiscal drag on your pocket, and explore the strategies National Treasury employs to ensure economic stability and growth. Get ready to be informed and empowered with this deep dive into the fiscal fabric of South Africa.

head government south africa taxes unpacking corporations gdp taxation r2 deputy director general my money r100 south african reserve bank national treasury national budget deposit insurance maya fisher french

Coffee Break Session #103: What's the Difference between FDIC and SIPC?

The Treasury Update Podcast

Play Episode Listen Later Feb 1, 2024 7:58

In today's podcast episode, we discuss the distinctions between FDIC and SIPC. This discussion covers why FDIC and SIPC were created, the nuanced differences, and whether enrollment is required for their protection. Listen to: Coffee Break Session #101: What Is FDIC Insurance? https://strategictreasurer.com/101-what-is-fdic-insurance Coffee Break Session #102: What Is SIPC Insurance? https://strategictreasurer.com/102-what-is-sipc-insurance

money coffee investment insurance differences banking regulations savings enrollment fdic financial education financial security financial institutions coffee break sipc financial protection deposit insurance

Coffee Break Session #101: What Is FDIC Insurance?

The Treasury Update Podcast

Play Episode Listen Later Jan 4, 2024 10:30

In this episode of the Treasury Update Podcast, Craig Jeffery shares what FDIC stands for and the types of deposits it insures. Learn about the limitations and benefits of FDIC coverage and the funding mechanisms that sustain FDIC operations.

insurance fdic financial education coffee break financial regulation deposit insurance craig jeffery

Deposit Insurance Post-Silicon Valley Bank

The Latest on the Law: Updates from the Boston Bar

Play Episode Listen Later Dec 22, 2023 47:19

The failure of Silicon Valley Bank and others in the spring of 2023 caused bank depositors around the country to as “Are my deposits safe?” This webinar will provide an explanation of how Federal Deposit Insurance Corporation (FDIC) deposit insurance works, why it covers what it does and why it does not cover all deposits, options for maximizing deposit insurance coverage and reducing exposure to a bank should it fail, including the use of sweep vehicles. The webinar will also cover the bank regulators' response to the recent bank failures and bank regulatory developments since then. This program is aimed at new lawyers and law students, as well as other seasoned attorneys looking to become more familiar with FDIC deposit insurance and to be prepared for any future market disruptions. Questions? Inquiries about program materials? Contact Trenon Browne at tbrowne@bostonbar.org

silicon valley bank fdic inquiries deposit insurance

Deposit Insurance Reform

reform fdic deposit insurance

Play Episode Listen Later Dec 13, 2023 11:39

Following two large bank failures earlier this year, the FDIC began to examine possible options for reforming its deposit insurance framework. In this episode, we examine three options for deposit insurance reform with FDIC senior economists Jonathan Pogach and Rosalind Bennett.

#140 Fair Hiring In Credit Unions & Deposit Insurance Proposal & More

With Flying Colors

Play Episode Listen Later Oct 23, 2023 16:49

At the October 19. 2023 NCUA Board Meeting, the Board approved two proposed rules.The board press release follows:

board hiring proposal credit unions deposit insurance

Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies

New Books in Economics

Play Episode Listen Later Oct 5, 2023 27:59

Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

congress vice chairman digital currency credit unions currencies financial regulation ncua deposit insurance

Market View: Creative shares soared over 21% on tie-up with Skyworth; Delivery Hero in talks to sell foodpanda business, Grab tipped in media reports as potential buyer; MAS to raise maximum deposit insurance coverage per depositor to S$100k; Fed, BoE, Bo

MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong

Play Episode Listen Later Sep 22, 2023 11:14

Singapore stocks opened weaker today, following overnight losses on Wall Street and Europe. In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,182.7 points after about 51.9 million securities changed hands in the broader market. In terms of companies to watch today, we have the mainboard-listed Creative Technology, after it announced a tie-up with Chinese electronics company Skyworth. Elsewhere from Delivery Hero in talks to sell its foodpanda business in Singapore and six other Southeast Asian markets to a look at major central bank's latest rate decisions, more corporate and international headlines remain in focus. On Market View, The Evening Runway's finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.See omnystudio.com/listener for privacy information.

Partner Success by Talking to Customerswith Cristine Brown, VP of Partner Success at Rhino

Tech Nest: The Real Estate and Tech Show

Play Episode Listen Later Sep 12, 2023 43:04

Cristine Brown the VP of Partner Success at Rhino, a company that been leading the multifamily industry in creating alternative solutions for the standard security deposits rents must put up to rent an apartment. Cristine shares a lot about the products at Rhino, but also their secret to success: talking to their customers. You'll hear multiple examples of how this has lead to new product insights and understanding who is influencing purchase decisions. Without talking to customers, startups run the risk of pursuing the wrong solutions or attempting to force demand where there is none. Listen in to hear from Cristine on this and more. More about Cristine and RhinoRhino pioneered security deposit insurance to help making renting more affordable by removing the barrier of an upfront cash deposit. The company also offers deposit management services for property owners as well as renter's insurance and credit-building services to renters. Rhino works with a partner network that covers 6 million rental units across the country.After more than a decade in banking, Cristine Brown joined the proptech industry to help create opportunities for renters and property owners. As Rhino's Vice President of Partner Success, Cristine focuses on reducing leasing teams' administrative burdens and strengthening their competitive advantage while helping renters keep more cash in their pockets and improving renting choices. Connect with Cristine on LinkedIn Follow Rhino on Twitter Check out Rhino

success partner vice president rhino multifamily deposit insurance

What Bankers Need to Know After Marathon Hearings

community marathon banks capitol hill bankers hearings stablecoins bank failures american banker regional banks claire williams kyle campbell deposit insurance

Play Episode Listen Later May 23, 2023 41:48

Last week saw a remarkable number of Capitol Hill hearings on the bank policy front, with multiple sessions featuring top bank regulators and the former chief executives of three failed banks. Claire Williams and Kyle Campbell, reporters with American Banker, offer their takeaways and remaining questions from these hearings, including what comes next from lawmakers and regulators.

How much to move by, and when?

Play Episode Listen Later May 21, 2023 7:02

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the timing of the next policy rate moves are top of mind in both the US, and New Zealand.But first in the week ahead, the spotlight in the US will be on the debt ceiling negotiations, FMOC meeting minutes, and several Fed speeches. Additionally, investors will be closely monitoring data on personal income and spending, PCE prices, the second estimate of GDP growth, corporate profits, durable goods orders, services and manufacturing PMIs, as well as new and pending home sales.More generally, fresh May PMIs are anticipated for the UK, Australia, the EU, Japan, France, and Germany. Finally, inflation rates for the UK and South Africa will be released, and monetary policy decisions are awaited for China, South Korea, Indonesia, Turkey, South Africa, and of course from the RBNZ on Wednesday.There are now just 20 weeks until the October 14 election. There is an RBNZ MPS on Wednesday, and another on August 16 just 60 days ahead of the election. There are interim rate reviews on July 12 and October 4. Almost certainly the RBNZ would not move rates on October 4 because of the risk of being seen to influence the election. They might feel uncomfortable on August 16 for the same reason. Assuming those two dates are off the table and there is no big immediately pressing issue, the only opportunities to adjust rates until the post-election MPS on November 29, are on Wednesday and July 12. If their judgement is that Budget 2023 adds to inflationary pressures, the Wednesday MPS reassessment is the most likely time they will pull the trigger. A bit more than +35 bps is priced in, so the markets are unsure whether we are facing +25 bps or +50 bps on Wednesday. More here.In China, their currency continues its devaluation, falling well past 7 to the US dollar, and now up to 4.43 to the NZD. From the start of April, the Chinese yuan has devalued -2.3%. Against the NZD the devaluation is -3.0%. It may have been more if it hadn't raced to put in place direct deals with many developing countries, oil exporters, and Russia. These effectively hide demand and supply transactions from the open market. That opacity is holding the yuan from falling further. At some point the non-Chinese traders will tire of having a discount imposed on them.And it isn't helping that foreign buyers seem to be shunning the important Canton Trade Fair this year.And as a marker for healthy economic activity, we should note that China's income tax take is declining in 2023.Japanese inflation came in at 3.5% in April, well above the expected +2.5% and above March's 3.2%. Japanese inflation is settling in above the Bank of Japan's 2% target rate. That's twelve consecutive months higher than that target.In the US, the debt level negotiations push on towards a critical point; the first or second week of June is when the taps run dry and a shutdown is most likely. After a theatrical pause, negotiations are underway again, and Biden and McCarthy will meet tomorrow.Fed Chair Powell said that because of stress in the banking sector, it might be unnecessary to raise rates to curb inflation. Other Fed speakers chimed in with a pause view as well.In Canada, data for March retail sales was weak coming in only +2.4% higher in value terms than year ago levels but falling from February levels. In Europe, they are assessing what lessons can be learned from the Credit Suisse meltdown and the recent American regional banking wobbles. The issue seems to be that large uninsured deposits flee at first signs of trouble, and the size of these shifts accentuates the problem. Having a limit on insured deposits 'causes' this problem. It's not protection of depositors that is now the issue, it is protection of overall financial stability.German producer price inflation rose +4.1% in April from a year ago, the smallest increase since April 2021. The annualised rate between March and April was even lower.Over the weekend there were elections in Greece, which is coming out of a twelve year crisis during which most Greeks endured substantial hardship. In Australia, they are feeling left out of inbound travellers from China. There were 26,810 short-term visitors from China in March compared to 124,370 in March 2019. This semi-official snub has a flow-on impact on New Zealand where only 7119 short-term visitors from China arrived here compared to 41,063 in March 2019. China may be punishing Australia, but we get blowback too.And Australia has decided how it will regulate Buy Now Pay Later schemes. They will be regulated under credit laws and companies in the sector will have to determine that products are suitable for their users under their responsible lending obligations. Those firms will be required to hold an Australian credit licence. These moves are likely to by shadowed in New Zealand at some point.The UST 10yr yield starts today at 3.69%, the same as where we were Saturday but up +25 bps for the week. The price of gold will start today at US$1978/oz and up +US$2 from Saturday, but down -US$33 for the week.And oil prices are marginally firmer from where we left them Saturday to be just under US$72/bbl in the US. The international Brent price is still just over US$75.50/bbl. These levels are +$1.50/bbl higher than this time last week.The Kiwi dollar is little-changed against the USD from Saturday and now just on 62.7 USc. But that is up +¾c in a week. Against the Aussie we are little-changed at just over 94.4 AUc. Against the euro we are unchanged at 58.1 euro cents. That means the TWI-5 is up to 71.3 and no change from Saturday.The bitcoin price is unchanged today, now at US$26,885 and little changed from both Saturday and one week ago. Volatility over the past 24 hours has been low at just on +/- 0.8%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Was the 2018 Reg Relief Law Responsible for Recent Bank Failures?

ceo congress bank banks relief failures responsible signature svb cfpb first republic bank failures deposit insurance

Play Episode Listen Later May 17, 2023 36:33

Greg Baer, the president and CEO of the Bank Policy Institute, takes issue with claims that S. 2155 played a role in the collapse of three regional banks. He also tackles what areas policymakers should look at, whether Congress is likely to enact any legislative changes directed at banks, and why the CFPB is off base when it comes to its proposal targeting credit card late fees.

Market View: Western Alliance plunges 38%, Peloton, DoorDash, Moderna, Ferrari, Icahn Enterprises, OUE Commercial REIT, US Deposit Insurance Fund proposal, Apple's surprising earnings results, Microsoft collabs with AMD

MONEY FM 89.3 - Your Money With Michelle Martin

Play Episode Listen Later May 5, 2023 20:45

On this episode of Market View, Dan Koh and Ryan Huang explore the latest on the US banking turmoil, which is seeing another regional bank suffering steep selloff overnight on Wall Street. They also analyze some of the key highlights coming out of Apple's latest earnings results and find out what Microsoft's collaboration with Advanced Micro Devices on the chipmaker's expansion into artificial intelligence processors would mean for Nvidia.See omnystudio.com/listener for privacy information.

ChatGPT Pt 2, Universal Deposit Insurance, and Other Soapboxes

Main Street Banking: A Podcast for Community Bankers

Play Episode Listen Later May 3, 2023 27:46

I know it's been a minute since I followed up with the ChatGPT episode but I still wanted to talk about it since more news and insights have come out around AI. Needless to say too...it's been an interesting month around banking and it's time we have a serious chat about that. Don't forget to check out our sponsor, ICBA Securities at https://www.icba.org/icba-securities

ai chatgpt universal needless soapboxes deposit insurance

Four Reports and a Failure

failure banks reports failures fed fdic first republic bank washington bureau chief american banker deposit insurance

Play Episode Listen Later May 2, 2023 32:42

John Heltman, Washington Bureau Chief of American Banker, tackles the many policy questions resulting from the failure of First Republic Bank. He also discusses three regulatory reports examining two failures in March—and another report detailing how the FDIC wants to revamp deposit insurance.

What is the purpose of deposit insurance?

Play Episode Listen Later May 1, 2023 5:08

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news deposit insurance and financial stability are getting involved in an unhealthy mixBut first up, in the US there were the two competing PMIs for April released overnight. The closely-watched local one recorded a contraction, although less than expected and less than in March. The internationally benchmarked one recorded a small expansion after a minor contraction in March. Both suggested price pressures are not yet easing.And we should note that JPMorgan Chase was the 'winner' in the FDIC auction to take over the failed First Federal Bank. They beat out two other bidders (PNC and Citizens Bank). Meanwhile, regulators are reviewing their deposit insurance scheme, one that was found wanting during the recent turmoil. Rather than protecting deposits to a limit, they face having to expand it to some sort of unlimited version. Interestingly, financial markets have shrugged of worries about bank health.The RBNZ is due to institute a deposit guarantee scheme here, so they will no doubt be assessing what lessons they can draw from all this. The world is shifting to a policy trap where no-one can get hurt from risks that go bad.The Canadian PMI was out overnight too and recorded a tiny expansion with price pressures not easing.In Japan, their PMI is neither expanding for contracting which is an improvement from March. New order levels are firmish. But price pressures are being passed on.South Korea, their export engine is stuttering, extending a long decline to seven straight months. The pullback was led by a persistent slump in the semiconductor sector in the face of a global economic slowdown.China is still on on its Golden Week holiday. Some financial businesses will start returning on Thursday. Travel volumes on the first day of this holiday were reportedly strong. But in commodities markets, prices for most raw materials are still retreating as confidence China will build back better evaporates.In India, their factory PMI rose to a good expansion with increases in new orders and output.In Australia, their factory PMI has declined further and is now contracting, capping almost three years of retreat. New order levels are declining faster.Australian job ad levels fell again, now well off their peak. But the April slip was less than earlier months.And staying in Australia, all eyes will be on their central bank and their monthly rate review, due at 4:30pm NZT today. No change is expected from the current 3.6% level, even though their inflation remains high and sticky at well over 6%. The RBA has been under severe political attack in Canberra, with substantial reforms planned for it. But so far their Governor is holding his course through these storms. The political pressure is to lower the policy rate levels to give highly-leveraged households debt-payment relief despite the unusually high level of inflation. And arguably the relatively low current policy interest rate is helping fuel a renewal of higher house prices. They are in a kind of no-man's land, policy-wise.We should also probably note that Australia will essentially ban vaping, limiting it to prescriptions for legitimate therapeutic use, and calling it a menace to children and public health.The UST 10yr yield starts today at 3.58%, and up a very sharp +15 bps from this time yesterday. The price of gold will start today at US$1982/oz and down -US$9 from day-ago levels.And oil prices have fallen -US$1 from yesterday to be just under US$75.50/bbl in the US. The international Brent price is just under US$79/bbl. Yesterday's weak Chinese PMI data is undermining this price.The Kiwi dollar is little-changed against the USD and now at 61.7 USc. Against the Aussie we are -½c softer at 93 AUc. Against the euro we are up marginally at 56.2 euro cents. That means the TWI-5 is now at 69.8 and actually little-changed since this time yesterday.The bitcoin price is lower today, down to US$28,297 and -4.5% lower than this time yesterday. Volatility over the past 24 hours has been moderate at +/- 2.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

How Banking Policy Has Changed After Two Massive Bank Failures

policy massive failures banking svb stablecoins bank failures fednow will congress richard hunt deposit insurance td cowen

Play Episode Listen Later Apr 18, 2023 37:50

Richard Hunt, the former head of the Consumer Bankers Association, and Jaret Seiberg, managing director of Washington Research Group with TD Cowen, return to the show to discuss the post-SVB bank policy world. Is the crisis over? Will Congress enact new legislation and what will it target? What banks are now considered too big to fail?

ThePrintPod: SVB failure has lessons for India. Banks can shut down, deposit insurance needs reforms

ThePrint

Play Episode Listen Later Apr 12, 2023 5:03

The cost of merging a bad bank with a good one versus that of shutting them and paying off depositors needs to be made transparent. India may have to rethink its strategy.

lessons failure banks reforms deposit insurance

Apr 9, 2023 – Federal Deposit Insurance – Arsenal For Democracy Ep. 465

Arsenal for Democracy

Play Episode Listen Later Apr 10, 2023 27:52

The recent failure of Silicon Valley Bank and federal intervention to protect its previously uninsured accounts has brought renewed focus to Federal Deposit Insurance. Contrary to popular belief, it was not part of the New Deal and was not championed by FDR. (Bill and Rachel) Links and notes for ep. … Read more The post Apr 9, 2023 – Federal Deposit Insurance – Arsenal For Democracy Ep. 465 appeared first on Arsenal For Democracy.

democracy federal arsenal contrary franklin delano roosevelt silicon valley bank new deal deposit insurance

Bank Runs (plus Jonathan Clements on "My Money Journey") (EP.247)

The Rational Reminder Podcast

Play Episode Listen Later Apr 6, 2023 64:33

There's been a lot of interest in the topic of bank runs lately, and in today's episode, we take a look at the most relevant research to help us better understand why they happen and how they can be avoided. Our conversation unpacks the 2022 Nobel prize-winning work of Douglas Diamond and Philip Dybvig and examines the three primary risks that banks need to navigate to avoid a bank run related crisis. We discuss the immense value that banks provide and how they keep the economy moving, before reflecting on how their most valuable services are inexorably tied to the risk of bank runs. You'll also learn about the role of the media in triggering a bank run, and how the problems that arise with bank runs can be addressed through a combination of deposit insurance, bank regulation, and a diverse customer base — all of which are designed to keep depositors from panicking simultaneously. We also revisit a past conversation with Jonathan Clements, before catching up with him in real time to discuss his new book My Money Journey: How 30 People Found Financial Freedom - and You Can Too. Tune in for an in-depth look at bank runs, the value of writing your money story, and a timely reminder that when you're making a deposit, you're actually lending money to the bank. Key Points From This Episode: • An introduction to the topic of bank runs including an overview of the Nobel prize-winning work done on the subject in 2022. (0:02:12) • The three primary risks you need to manage as a bank in order to be a successful business. (0:07:28) • Why liquidity, illiquidity, and duration risk can pose a problem, even for healthy banks. (0:12:47) • How news stories can create unwarranted panic and cause a bank run, even if a bank isn't experiencing problems. (0:16:02) • The multiple equilibria of banks as outlined in the Diamond and Dybvig paper. (0:16:31) • How deposit insurance can function as a solution, at least in part, to bank runs. (0:19:34) • What the Diamond and Dybvig paper teaches us about the Silicon Valley Bank (SVB) bank run. (0:21:35) • The difference between households and banks, and the lessons households can learn from the narrative around bank runs. (0:22:59) • A quick recap of our conversation with Jonathan Clements and a review of his new book My Money Journey: How 30 People Found Financial Freedom - and You Can Too. (0:27:16) • We welcome Jonathan Clements back onto the show to discuss his new book and why he wrote it. (0:32:00) • What readers can expect to learn from Jonathan's book, like the impact parents have on your financial beliefs, and what inspires people to reassess their finances. (0:34:31) • The impact of early habits on our finances. (0:38:36) • Jonathan's insights into the financial service industry, its complexity, and how our risk tolerance can shift over time. (0:40:19) • Why regret in financial decision-making is virtually unavoidable and the value of writing your money story. (0:44:22) • Past and upcoming meetups, feedback from our listeners, and a reminder of our 23 in 23 Reading Challenge. (0:47:42) Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-247-bank-runs-plus-jonathan-clements-on-my-money-journey-episode-discussion/22878 Book From Today's Episode: My Money Journey: How 30 people found financial freedom - and you can too — https://amzn.to/439D5Hw Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Jonathan Clements on Twitter — https://twitter.com/clementsmoney Jonathan Clements on LinkedIn —https://www.linkedin.com/in/jonathanclements Jonathan Clements on Facebook — https://www.facebook.com/ClementsMoney Jonathan Clements — http://HumbleDollar.com Episode 55: Jonathan Clements — https://rationalreminder.ca/podcast/55 'Bank Runs, Deposit Insurance, and Liquidity' — https://www.journals.uchicago.edu/doi/10.1086/261155 'Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking' — https://www.jstor.org/stable/10.1086/319552 'Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or . . .)' — https://www.jstor.org/stable/43910017 'Long-Horizon Losses in Stocks, Bonds, and Bills: Evidence from a Broad Sample of Developed Markets' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3964908

community money canada bank diamond runs banking stocks bonds nobel participate liquidity journey ep reading challenges silicon valley bank svb community discussion jonathan clements deposit insurance humbledollar

Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic

Macro Musings with David Beckworth

Play Episode Listen Later Apr 3, 2023 56:57

Kate Judge is a professor of law at Columbia Law School and the editor of the Journal of Financial Regulation, and Peter Conti-Brown is an associate professor of financial regulation and the co-director of the Wharton Initiative on Financial Policy and Regulation at the University of Pennsylvania. Both are also returning guests to the podcast, and they rejoin Macro Musings to talk about the banking panic of 2023 and the lessons learned so far. Specifically, Kate, Peter, and David discuss how the scene was set for this recent banking crisis, the quality of the policy response, how to reform the banking system moving forward, and a lot more. Transcript for the episode can be found here. Kate's Twitter: @ProfKateJudge Kate's Columbia Law profile Peter's Twitter: @PeterContiBrown Peter's UPenn profile David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here! Related Links: *Towards an Administrative Law of Central Banking* by Peter Conti-Brown, Yair Listokin, and Nicholas Parrillo *Money Market Funds Swell by More Than $286bn Amid Deposit Flight* by Brooke Masters, Marriet Clarfelt, and Kate Duguid *'The Fed Has Mishandled This About 7 Different Ways': SVB Rescue Sparks Backlash* by Victoria Guida *Scrap the Bank Deposit Insurance Limit* by Lev Menand and Morgan Ricks

university pennsylvania finance judge journal economics panic lessons learned banking regulation federal reserve silicon valley bank different ways svb fdic collateral upenn deposits macroeconomics columbia law school banking crisis central banking administrative law financial regulation financial economics columbia law deposit insurance financial policy brooke masters macro musings david beckworth peter conti brown yair listokin

SARS collects more than R2 trillion in revenue for the financial year ending in March

The Money Show

Play Episode Listen Later Apr 3, 2023 84:40

Edward Kieswetter, commissioner at SARS on the revenue service exceeding the R2 trillion gross tax revenue mark— and the systems they've put in place to be better equipped to collect revenue. Kuben Naidoo, deputy governor of SARB on the central bank establishing the Corporation for Deposit Insurance, which will help protect bank depositors. Dawie Roodt, economist at The Efficient Group was our guest on Other People's Money — he spoke about his relationship with money. See omnystudio.com/listener for privacy information.

money ending revenue corporations collect trillion sars r2 financial year deposit insurance dawie roodt

What We Learned After Two Hearings on SVB, Signature Failures

banks failures capitol hill legislation signature silicon valley bank hearings svb signature bank american banker claire williams punchbowl news deposit insurance

Play Episode Listen Later Mar 30, 2023 34:27

Claire Williams, the Capitol Hill reporter for American Banker and Brendan Pedersen, the banking reporter for PunchBowl News, offer their takeaways from back-to-back hearings on the failures of Silicon Valley Bank and Signature Bank. They discuss what lawmakers were focused on and how regulators responded as well as preview potential regulatory and legislative changes ahead.

Column: If Banks Want More Deposit Insurance, They Should Pay for It

TIME's Top Stories

Play Episode Listen Later Mar 24, 2023 8:58

Significantly enhanced or unlimited deposit insurance would be a major gift to privately run banking institutions.

banks column deposit insurance

396 Understanding FDIC and NCUA Insurance: What You Need To Know

Sound Retirement Radio

Play Episode Listen Later Mar 20, 2023 16:38

I have had a few emails and phone calls with people asking about the safety of their banks. Should they change banks? Should they diversify across banks? What's protected and so on. So in today's show, I want to answer some of these questions and give you the resources you need to evaluate your bank or credit union and also answer the question of how much protection you have. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY? Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's Book: Retirement Calculator: How Much Money Do I Need To Retire?

diy insurance fdic ncua deposit insurance

Weds 3/15 - FDIC Deposit Insurance Fund Primer, Florida Digital Rights, Anti-ESG and Harvey AI

Minimum Competence

Play Episode Listen Later Mar 15, 2023 6:47

In today's episode we have a quick primer on the FDIC its Deposit Insurance Fund, Florida wants digital rights while it strips regular ones, anti-ESG as the real contagion and Harvey AI has entered the chat.12 USC 1821 - https://www.law.cornell.edu/uscode/text/12/1821Florida ‘Digital Rights' Push Big Tech Into DeSantis Culture War -https://news.bloomberglaw.com/in-house-counsel/florida-digital-rights-push-big-tech-into-desantis-culture-warPwC Introduces AI Chatbot for 4,000 Lawyers to Speed Up Work -https://news.bloomberglaw.com/financial-accounting/pwc-introduces-ai-chatbot-for-4-000-lawyers-to-speed-up-workThanks so much for listening to Minimum Competence. If you have any questions or story suggestions, find us on Mastodon on the esq.social instance. We also have a link aggregator in the fediverse, at links.esq.social, where some of our stories will be sourced from so feel free to sign up and submit there.We are especially interested in legal happenings from our listeners outside the United States. If you have an interesting case or story, consider recording a 30 second to 2 minute clip on your phone and sending it in. We'd love to run it. Contact information is in the show notes. Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

united states lawyers primer fund usc esg mastodon fdic weds digital rights deposit insurance

Deposit Insurance Explained (Part Two)

chief fdic deposit insurance

Play Episode Listen Later Nov 29, 2022 15:36

In the second in our two-part podcast series, FDIC's Chief of Deposit Insurance Martin Becker returns to discuss the risks consumers need to keep in mind when it comes to deposit insurance—from companies that misrepresent their products as ‘FDIC-insured' to legitimate firms offering pass-through deposit insurance coverage.

Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All

Audio Mises Wire

Play Episode Listen Later Oct 25, 2022

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt. Original Article: "Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All" This Audio Mises Wire is generously sponsored by Christopher Condon. '

insurance murray rothbard deposit insurance money and banks

Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All

Mises Media

Play Episode Listen Later Oct 25, 2022

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt. Original Article: "Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All" This Audio Mises Wire is generously sponsored by Christopher Condon. '

insurance murray rothbard deposit insurance money and banks

Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies

The Capitalism and Freedom in the Twenty-First Century Podcast

Play Episode Listen Later Aug 31, 2022 27:59

Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed. Learn more about your ad choices. Visit megaphone.fm/adchoices

congress vice chairman digital currency credit unions currencies financial regulation ncua deposit insurance

Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies

New Books in Finance

Play Episode Listen Later Aug 31, 2022 27:59

Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

congress vice chairman digital currency credit unions currencies financial regulation ncua deposit insurance

Deposit Insurance Explained (Part One)

chief federal fdic deposit insurance

Play Episode Listen Later Aug 17, 2022 15:37

Federal deposit insurance is at the heart of FDIC's mission. But who is protected and what products are covered by deposit insurance? FDIC's Chief of Deposit Insurance Martin Becker answers some of the frequently asked questions about what deposit insurance is…and what it isn't.

Geof Mortlock: New Zealand is finally poised to get deposit insurance. So what will it mean?

speaking new zealand accountability crown parliament nz international association poised international monetary fund reserve bank geof rbnz deposit insurance

Play Episode Listen Later Aug 10, 2022 32:43

New Zealand is poised to end its role as an international outlier when it comes to deposit insurance.The Deposit Takers Bill is expected to be introduced to Parliament in the third quarter of this year. Included within it are proposals for a depositor compensation scheme to cover bank depositors in the event of bank, or non-bank deposit taker such as a building society, failing. Depositors will be covered for a total of $100,000 per institution, per depositor.Speaking in interest.co.nz's Of Interest Podcast, Geof Mortlock explains what deposit insurance is and what its objectives are.Mortlock is an international financial regulatory consultant who undertakes work for the International Monetary Fund and World Bank, specialising in financial system stability, resolution of bank failures, deposit insurance and related matters. Mortlock also explains why it has taken NZ so long to adopt deposit insurance. According to the International Association of Deposit Insurers, at least 145 jurisdictions have some form of explicit deposit insurance.Additionally he talks about the $100,000 limit, how the deposit insurance fund will be established including how much this will cost and what this is likely to mean for the interest rates depositors are paid.Mortlock also talks about which products are likely to be insured, or covered by the scheme, and which are unlikely to be, whether a depositor preference regime should be introduced in the event of a bank failure, how the Crown's deposit insurer should operate, and more.The Reserve Bank expects the Deposit Takers Bill to be passed into law in mid-to-late 2023, with a depositor compensation scheme expected to be up and running in early 2024.

Vendor Series: Why Operators Should Consider Security Deposit Insurance with Paraag Sarva

Apartment Academy

Play Episode Listen Later Apr 27, 2022 33:13

This week's visiting professor is Paraag Sarva, Co-Founder & CEO of Rhino. Paraag joins us to discuss the importance of renters insurance and security deposit insurance, both of which are products of Rhino. You'll want to tune in to this episode to hear how impactful security deposit insurance is for both the renter and landlord. Learn more about Rhino at: sayrhino.com About the Apartment Academy: The Apartment Academy podcast is hosted by Leonardo247 founder, CEO, and Professor of Property, Daniel Cunningham. Each 20 to 30 minute episode features an insightful and educational conversation with a leader in the multifamily industry. Check out all the episodes and subscribe to get the latest episodes as they release here: https://lnkd.in/gkajWmFS

ceo professor co founders security property rhino vendor operators sarva deposit insurance paraag

KASH.IO Reaching Escape Velocity

TTLG Crew

Play Episode Listen Later Apr 14, 2022 52:58

In this latest episode, we talk to the Ronald (@kashron) about the formation and evolution of the Kash team and platform, the current and future plans, with some amazing alpha sprinkled throughout the interview, especially the upcoming debit card launch! TTLG Validator - ttlg.money https://station.terra.money/validator/terravaloper1t3zvwaz7v3epg3f33waxajv4nj95mt8ma9yc7g Timestamps (00:00) Intro (01:40) What is Kash? (04:22) You can never make buttons too large (05:23) How did you stumble on Terra (07:16) Why stablecoins are important (07:42) Why did Kash choose Terra (09:30) Types of accounts on Kash (10:43) Kash Debit Card (12:02) Wen Kash Card (16:38) Thoughts on Jack Maller (17:17) Bitcoin is the predominant chain of the future (20:25) Regulatory Concerns with Kash (22:42) Kash Adoption (26:25) Anchor Protocol Future (28:00) The Kash Value (30:25) Is 10% yield safe? (33:02) Anchor Yield Possible Solutions (36:12) What if Anchor Protocol Dies (39:25) How much can you deposit into Kash (40:45) Deposit Insurance in Kash (42:40) What is coming next for Kash (44:50) Non Taxable Exchange (46:21) Kash Accounting Partners (47:14) Kash Business Checking Account (48:40) Kash is the new Chai (50:16) LUNA 200x Bagger (51:47) Kash Twitter TTLG on Twitter https://twitter.com/ttlg_crew TTLG on Instagram https://www.instagram.com/ttlg_crew/ TTLG on Medium https://ttlgcrew.medium.com/ TTLG on Spotify https://open.spotify.com/show/1MIvmns... TTLG on Apple Podcasts https://podcasts.apple.com/nz/podcast... TTLG Podcast https://ttlgcrew.podbean.com/ #LUNA #BTC #DeFi NOT FINANCIAL ADVICE. Through The Looking Glass is for informational and educational purposes only. Nothing on this show is financial, tax, legal, or any other kind of financial advice. Nothing we discuss or say is an inducement to make a particular investment or follow a particular strategy. Anything you invest in is at your own risk; do your own research and consult with accredited financial professionals.

bitcoin types reaching chai bagger escape velocity through the looking glass deposit insurance

What is Deposit Insurance?

Finance Facts

Play Episode Listen Later Feb 9, 2022 1:49

Ok an excellent topic from the banking space you need to now about is Deposit Insurance. So we’re gonna talk about it briefly. Let’s go!

deposit insurance

Do we need insurance for bank deposits?

Parley by The Hindu

Play Episode Listen Later Dec 24, 2021 27:04

At an event last week to mark the payment of over ₹1,300 crore to depositors in troubled cooperative banks, Prime Minister Narendra Modi flaunted his government's revamped deposit insurance scheme. The scheme, which was upgraded through the Deposit Insurance and Credit Guarantee Corporation (DICGC) Amendment Bill, 2021, guarantees to compensate depositors up to a limit of ₹5 lakh within a period of 90 days from when a bank fails. At the same event, the Reserve Bank of India (RBI) Governor Shaktikanta Das warned depositors to be careful and avoid investing in risky banks just because they offer higher returns. Here we discuss whether we need insurance for bank deposits. Guests: Amol Agrawal is Assistant Professor of Economics at Ahmedabad University; Amiyatosh Purnanandam is Professor of Finance at the University of Michigan Host: Prashanth Perumal J. Read the Parley article here .

university professor finance bank economics insurance assistant professor narendra modi deposits reserve bank parley deposit insurance

DeFi savings with deposit insurance included. Plus a little something for the DeFi degens.

The DeFi Download

Play Episode Listen Later Dec 17, 2021 45:42

In this episode of the DeFi Download, Piers Ridyard interviews Hannes Graah, founder of the Gro Protocol. Their conversation focuses on the inner workings of Gro and its products, PWRD, Vault and Labs, and how they offer both leveraged yield as well as deposit security.Gro is a DeFi protocol that facilitates generating yield on stablecoins. Gro's main product options are PWRD, a stablecoin with a substantial amount of collateral backing for protection, or Vault, which provides leveraged yield within the DeFi ecosystem. Vault is a token representation (Gro Vault Token or GVT) of stablecoin yield farming activities on the Gro Protocol. It is not a stablecoin itself. It is designed to be a long-term, high-yielding, high-risk investment that requires no upkeep from its holders.PWRD, on the other hand, is a low-risk savings product. It offers more secure access to DeFi yields, and it is tokenised as a stablecoin with built-in yield and protection via Risk Balancer. Risk Balancer gives Gro protocol a systemic view of protocol and stablecoin exposure and allows for decentralised and user-driven portfolio rebalancing.00:00 Intro0:49 What exactly is the Gro Protocol, and how does it work? Introduction to Gro Protocol's products: Vault and PWRD2:38 The reasons behind the creation of the PWRD stablecoin5:06 Why would the leveraged product essentially pay for the lower risk products' coverage? More details about the mechanism of the leveraged product, the Vault7:40 The 3 main sources of yield for the Gro Protocol: Lending income (from lending protocols like Aave) Market making income (from AMMs such as Curve)Governance Token incentives10:52 Gro Protocol's strategies of asset distribution and stablecoin yield11:45 How Gro Protocol employs tranches and the Risk Balancer module to protect against failure 18:38 What was the launch experience like for the Gro Protocol team? What is the APY, TVL, and utilisation of Gro?22:37 Labs: The recently launched Gro Protocol product on Avalanche with Alpha Homora v2, which provides advanced experimental leveraged yield farming strategies that are free of complexity33:24 The Gro governance, the Gro DAO, and the Gro DAO Token (GRO)37:49 The Gro DAO's recent decisions and what they've learned about governance as a result of this processFurther resources:Website: gro.xyz Discord: discord.gg/gro Twitter: @groprotocol Medium: groprotocol.medium.com ----------------Learn more about Radix:Website: https://www.radixdlt.com Twitter: https://twitter.com/RadixDLTTelegram: https://t.me/radix_dlt

discord medium gro vault labs savings avalanche defi little something apy amms deposit insurance vault7 gvt

Nigeria Deposit Insurance To Adopt Risk-based Approach In Banks' Premium

Africa Business News

Play Episode Listen Later Nov 29, 2021 1:03

The Nigeria Deposit Insurance Corporation says it was reviewing its approach for determining the premium by banks to its Deposit Insurance Fund with a view to adopting a risk-based approach. Managing Director of NDIC, Mr Bello Hassan explained NDIC had commenced the review of its approach to the determination of premium/contribution by banks to our DIF to a more risk-based approach to ensure that, the probability of the risk crystallising becomes a major factor in the pricing methodology of our premium going forward.” The NDIC, in calculating premiums from deposit money banks, usually chose between adopting a flat-rate premium or a system that sought to differentiate premiums on the basis of individual-bank risk profiles.

spotify podcasts risk podcasting podcasters managing directors nigeria banks adopt podcast series podcastlife dif gsmcpodcastnetwork podcastsforwomen deposit insurance goldenstatemediaconcepts africabusinessradioongsmcpodca

Nigeria Deposit Insurance To Adopt Risk-based Approach In Banks' Premium

Business Drive

Play Episode Listen Later Nov 29, 2021 1:03

The Nigeria Deposit Insurance Corporation says it was reviewing its approach for determining the premium by banks to its Deposit Insurance Fund with a view to adopting a risk-based approach. Managing Director of NDIC, Mr Bello Hassan explained NDIC had commenced the review of its approach to the determination of premium/contribution by banks to our DIF to a more risk-based approach to ensure that, the probability of the risk crystallising becomes a major factor in the pricing methodology of our premium going forward.” The NDIC, in calculating premiums from deposit money banks, usually chose between adopting a flat-rate premium or a system that sought to differentiate premiums on the basis of individual-bank risk profiles.

spotify podcasts risk podcasting podcasters managing directors nigeria banks adopt podcast series podcastlife dif gsmcpodcastnetwork podcastsforwomen deposit insurance goldenstatemediaconcepts africabusinessradioongsmcpodca

Nigeria Deposit Insurance To Adopt Risk-based Approach In Banks' Premium

Africa Podcast Network

Play Episode Listen Later Nov 29, 2021 1:03

The Nigeria Deposit Insurance Corporation says it was reviewing its approach for determining the premium by banks to its Deposit Insurance Fund with a view to adopting a risk-based approach. Managing Director of NDIC, Mr Bello Hassan explained NDIC had commenced the review of its approach to the determination of premium/contribution by banks to our DIF to a more risk-based approach to ensure that, the probability of the risk crystallising becomes a major factor in the pricing methodology of our premium going forward.” The NDIC, in calculating premiums from deposit money banks, usually chose between adopting a flat-rate premium or a system that sought to differentiate premiums on the basis of individual-bank risk profiles.

spotify podcasts risk podcasting podcasters managing directors nigeria banks adopt podcast series podcastlife dif gsmcpodcastnetwork podcastsforwomen deposit insurance goldenstatemediaconcepts africabusinessradioongsmcpodca

A Look Back at Bank Failures and Deposit Insurance in the U.S. (Part Two)

bank failures deputy financial stability bank failures deposit insurance

Play Episode Listen Later Sep 23, 2021 19:35

In part two of this special episode of the FDIC Podcast, we continue our historical look back on the financial crises that shaped how our banking and financial systems operate today. Art Murton, Deputy to the Chairman for Financial Stability, picks up where we left off in part one —the collapse of the nation's savings and loans in the 1980s.

A Look Back at Bank Failures and Deposit Insurance in the U.S. (Part One)