Crises trigger the adaptation processes. Crises are motherof reforms. Christoph Ohler tours us through the Financial crisis (2007- 2009) and debt crisis (2010 – 2013) and details the best way to balance public and private interests. Christoph Ohler graduated in law from the University of Bayreuth and the College of Europe in Bruges. His PhD in European law he received at the University of Bayreuth. After working as an associate in an international law firm in Frankfurt/Main he became a research assistant at the Universities of Passau, Bayreuth and Munich. Since 2006 he holds a chair in public law, European law, public international law and international economic law at the Friedrich-Schiller University of Jena. From 2008 to 2014 he was the spokesperson of the interdisciplinary graduate program „Global Financial Markets“. He publishes extensively on German and European constitutional law and the regulation of financial markets in international and European law. „Banking Supervision and Monetary Policy in EMU” is his most recent book. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 5170 TEDx Talks
A decade after Northern Rock's collapse, Helen Thomas asks whether enough has been done to reform banking regulations. Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews. Website: www.bbc.co.uk/newsnight YouTube: https://www.youtube.com/user/BBCNewsnight Twitter: https://twitter.com/BBCNewsnight Facebook: https://www.facebook.com/bbcnewsnight Snapchat: https://www.snapchat.com/add/bbcnewsnight
Views: 7553 BBC Newsnight
_Euronews’ Maithreyi Seetharaman asked Valdis Dombrovskis, the European Commission Vice President for the Euro & Social Dialogue, Financial Stability, Financial Services & Capital Markets Union, if the new banking proposals put forward impacts the impending Basel III negotiations in January 2017. He responded by saying Europe’s position was that any international regulation should not lead to overall substantial increases in capital requirements for European Banks._ *Maithreyi Seetharam… READ MORE : http://www.euronews.com/2016/12/13/how-do-europes-new-banking-regulation-proposals-change-international-agreements What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 265 euronews (in English)
Finance ministers of the 28 EU countries reach agreement… READ MORE : http://www.euronews.com/2018/05/25/eu-agrees-on-new-banking-regulations What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 1390 euronews (in English)
The Banker Masterclass: The transformation of correspondent banking services - Chapter 1/4: Compliance and regulation Michael Imeson, The Banker’s contributing editor, talks to Werner Steinmueller, Head of Global Transaction Banking and Marcus Sehr, Head of Institutional Cash, Global Transaction Banking from Deutsche Bank about global transaction banks providing international payments and how those services are being transformed. Watch the other videos in this series here: Chapter 2 of 4: New regulation http://youtu.be/cemB1a2DpQw Chapter 3 of 4: Standardisation: http://youtu.be/caYzrjHfo5E Chapter 4 of 4: Competition and consolidation: http://youtu.be/DQNBWbxzsQU http://www.gtb.db.com/
Views: 4446 Deutsche Bank
Jun.01 -- Silicon Valley Bank may be known for its operations in the tech hub it gets its name from, but it also has a big presence in Europe. The company has recently announced its expanding to Germany and opening offices in Frankfurt, providing financing to tech firms and investors. Phil Cox, head of EMEA and president of the UK branch at Silicon Valley Bank, joined Bloomberg Technology to discuss.
Views: 1492 Bloomberg Technology
Mar.11 -- William Curtin, partner at Hogan Lovells, examines the latest news in the M&A market. He speaks with on "Bloomberg Markets: European Open."
Views: 977 Bloomberg Markets and Finance
Peter Raskin global head of private banking at Berenberg talks to Yuri Bender about the bank’s plans to boost its international presence away from its German heartlands, and the increased attraction of London as a key financial hub.
Views: 185 FTPWM
Free download of the ebook: http://cadmus.eui.eu//handle/1814/47745 This book discusses how the regulatory framework should respond to the profound changes which are impacting the world’s financial architecture, including the advent of innovative technologies, collectively known as FinTech, the issues related to regulatory arbitrage and the impact of Brexit on the European landscape. This publication contains the proceedings of the conference 'The Changing Geography of Finance and Regulation in Europe', which was held at the EUI in Florence, Italy, on 27 April 2017.
Views: 164 Florence School of Banking and Finance
SSM Public Hearing on the draft ECB Regulation and Guide on the exercise of options and discretions available in union law which took place on 11 December 2015 in Frankfurt am Main, Germany.
Views: 1681 European Central Bank
The banking union is a fundamental change to the way banks are supervised in Europe to protect taxpayers and savers. How will it affect your daily life? Find out in a couple of minutes in this video! You can watch the second video in the series "The banking union in practice" here: http://youtu.be/sLFjz7u5e0o
Views: 27076 EU Banking and Finance
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Danièle Nouy, the ECB's supervision head, talks to Caroline Binham, FT financial regulation correspondent, about why Europe's banks will have to raise more and better capital as eurozone banking regulation is harmonised. ► FT World News: http://bit.ly/1Exp0iJ ► FT Business: http://bit.ly/1KUK08s Read the global perspective on world events http://www.ft.com/world Click here for more FT World videos http://video.ft.com/Ft-World For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 676 Financial Times
The ECB is getting a new role. As of November 2014, the bank will take up the task of European bank regulator. Before it can get to work, however, it needs to recruit new personnel. The ECB will need up to 1,000 bankers and finance experts, and finding them will be a major challenge. Interviews with job candidates are already under way. For more go to http://www.dw.de/program/made-in-germany/s-3066-9798
Views: 1113 DW News
On November 9, Federal Reserve Vice Chair for Supervision Randal Quarles visited Brookings to deliver remarks on the current and future state of financial regulation. https://www.brookings.edu/events/the-future-of-financial-regulation/ (transcript available) Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
Views: 787 Brookings Institution
Mar.11 -- Deutsche Bank AG and Commerzbank AG are reportedly intensifying formal talks on a potential merger as both banks struggle with turnaround plans. Bloomberg Intelligence's Jonathan Tyce reports on "Bloomberg Surveillance."
Views: 4347 Bloomberg Markets and Finance
The panel on Redefining Banking – Regulatory and Economic Challenges at the Frankfurt Finance Summit 2016 addressed the following topics: - What kind of finance industry does Europe want? - Capital market union – state of the affairs - Long-term financing and refinancing revised - Increasing procyclicality as a result of regulation - The role of insurance and pension funds in substituting bank balance sheets Participants: - Prof. Dr. Uwe Stegemann, Director, McKinsey & Company, Inc. - Gabriel Bernardino, Chair, European Insurance and Occupational Pensions Authority - Andrea Enria, Chair, European Banking Authority - Felix Hufeld, President, Federal Financial Supervisory Authority (Bafin) - Benoît de Juvigny, Secretary General, Autorité des Marchés Financiers - Sylvie Matherat, Member of the Management Board, Deutsche Bank AG - Frank Westhoff, Member of the Board of Managing Directors, DZ BANK AG
Views: 311 Frankfurt Main Finance e.V.
Portugal's weathering of its crisis is considered exemplary, but troubles of the banking family Espírito Santo are clouding the picture. Is Portugal facing a new banking crisis? Stefan Kooths from the Kiel Institute for the World Economy talks about how eurozone crisis countries are faring. More videos: http://www.dw.de/english/madeingermany
Views: 322 DW News
🔺Read more: https://blockchainflashnews.com/bitwala Bitwala, a crypto-payment company based in Germany, has officially launched a new banking service dedicated to cryptocurrencies. The company is currently touting its service as the first ever operation in Germany. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Subscribe to Blockchain Flash News on YouTube 🔺http://bit.ly/2RF8jAJ 🔺 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 🔺FOLLOW Blockchain Flash News ▶ Twitter - https://twitter.com/BlockchainFN ▶ Facebook - https://www.facebook.com/blockchainflashnews ▶ Telegram - https://t.me/blockchainflashnews ▶ LinkedIn: - https://www.linkedin.com/company/blockchain-flashnews ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ #Bitwala #Bitcoin #Cryptocurrencies ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Views: 312 Blockchain Flash News
A new Community Bank for Hampshire could be opening its doors within two years. The ambition is to lend money locally to those who need it and offer a better service than its High Street rivals. The UK used to have local banks but they were lost. They still exists in Germany . Our Business Correspondent Alastair Fee has been to Bavaria with one of the people leading the charge for new local banks, Southampton University's Professor of Banking, Richard Werner, to see how they work.
Views: 1031 BBC South Today
We all know the story of the last 30 years in financial services: The ‘big bang’ deregulation initiated in the Thatcher/Reagan period (and carried on through to the 21st century) led to a much more permissive and international trading environment. The industry consolidated into large universal banks, and commoditized the services which these banks provided. Financial gain came to prevail and the interests of clients became relevant only to the extent that they further the financial performance of those who provide products for such clients. Regulators stopped regulating, in effect believing that efficient markets, guided by Adam Smith’s invisible hand, would automatically lead to good outcomes and so were ‘light handed’. Fiduciary duties were set aside in favor of poorly understood contracts. Securitization and the rapid growth of derivatives led to larger and larger risks being taken, with other people’s money. Limited liability meant that key players had very limited ‘skin in the game’. Sales and trading culture took over from relationships in the major institutions, which increasingly ceased to care about their reputations. Remuneration systems encouraged the creation of products with excessive ‘tail risk’. Increasing focus on shareholder value maximization has led to adverse outcomes, both for firms and for the economy as a whole. All of this culminated with the Great Recession of 2008. We’ve had a number of books that have been published in the aftermath of that crisis, suggesting a multiplicity of reforms to discourage bad banking practices. What makes the contribution of David Vines (professor of economics at Oxford University) unique is the attempt to re-establish some ethical norms in financial services. Amongst other things, Professor Vines advocates the banking equivalent of a Hippocratic Oath, along with what Adam Smith described as “other regarding behavior” beyond limited self-interest. In the interview, Vines notes that while economists know much about Smith’s “invisible hand” of the market place, driven by rational self-interested behavior, they are less familiar with his work, “The Theory of Moral Sentiments”, which expressed the view that human beings had “other-regarding” motivations, including altruism, and a desire for the approbation of others. In the discussion below, Vines makes the case that the trust-intensive nature of financial services makes it essential to cultivate such motivations, and provides proposals for how this might be done in his book. Why the emphasis on trust? Why not just introduce highly punitive and restrictive regulations? Well, for one, we’ve seen how bankers have managed to game their way around more restrictive forms of regulation (even as they have aggressively lobbied against their implementation). Moreover, Vines contends that robust ring-fencing between investment and commercial banking activities (via, say, a “Glass Steagall II” equivalent) is unlikely to work, because culture transcends boundaries. If those with a sales or trading focus, who do not care about the welfare of their customers or are in the same organizations as those who would normally develop good relationships and client care, then their attitudes will reduce the trustworthiness of others, especially if their potential remuneration is greater: in other words, the ethical equivalent of a Gresham’s Law, where bad behavior drives out ethical practices. Vines seeks to develop mechanisms which encourage trustworthiness, and the holding to account of those involved in an appropriate manner. Financial reforms at present lack sufficient focus on these requirements and in that regard his book is a unique contribution to the overall debate so as to help make finance consonant with broader public purpose.
Views: 5352 New Economic Thinking
Marcopolis.net Video Interview with Abdul Karim Ahmed Bucheery, Chief Executive of BBK Bahrain, also available here http://www.marcopolis.net/banking-regulations-in-bahrain-fatca-basel-iii-and-cbbs-regulations-0404.htm Abdul Karim Ahmed Bucheery, Chief Executive of BBK Bahrain and Chairman of the Bahrain Association of Banks, talks about the regulations in Bahrain. To read the full transcript of the MarcoPolis interview with Abdul Karim Ahmed Bucheery, Chief Executive of BBK Bahrain, visit Marcopolis.net http://www.marcopolis.net/banking-in-bahrain-in-depth-overview-of-banking-banks-and-the-market-0705.htm
Views: 152 Marcopolis Net
Professor of Economics and Law, William Black, who was a top regulator in the S&L crisis, says, “Deutsche Bank is one of the potential sources of the next recession, and you can see lots of people warning that there are signs that a serious recession is pretty likely relatively soon. . . . The whole system weakens itself because it gets caught in this big lie that says we have to pretend that Deutsche Bank is a bank instead of a criminal enterprise.” In closing, Professor Black says, “I am going to give you the advice you get after the recession before the recession. Pay off your debt, all that you can. Do not keep borrowing except in certain circumstances like you are going to buy a home and it is prudent purchase. Buy a car when you can buy it with cash whenever possible . . . and always try to be a net saver.” Join Greg Hunter as he goes One-on-One with Dr. William Black, Professor of Economics and Law at University of Missouri Kansas City. (Correction: Deutsche Bank has a market cap of $19.5 billion and not $1.5 billion as I mistakenly said at the beginning of the interview. Also, Germany’s GDP fell .2% recently and not 2% as I stated later in the interview.) Donations: https://usawatchdog.com/donations/ Stay in Contact with USAWatchdog.com: https://usawatchdog.com/join/ All links can be found on USAWatchdog.com: https://usawatchdog.com/deutsche-bank-crimes-can-cause-next-global-crisis-william-black/
Views: 102811 Greg Hunter
Banking Analyst,Bavarian Financial Center DW-TV: Otto Steinmetz isn't alone with his call for tighter regulations and more responsibility in the banking sector. At the World Economic Forum in Davos,French President Nicolas Sarkozy also called for tighter regulations. We're joined now by Wolfgang Gerke,President of the Bavarian Finance Center. Now,Obama wants it,Sarkozy wants it,a lot of other world leader are calling for tighter regulation. A lot of talk - why don't they just do it?
Views: 265 DW News
Financial Markets (2011) (ECON 252) Banks are among our enduring of financial institutions. Their survival in so many different historical periods is testimony to their importance. Professor Shiller traces the origins of interest rates from Sumeria in 2000 BC, to ancient Greece and Rome, up to the Song Dynasty in China between the 10th and the 12th century. Subsequently, he looks at banking in Italy during the Renaissance and at the goldsmith bankers in 16th and 17th century England. Banks have survived so long because they solve adverse selection and moral hazard problems. Additionally, he covers Douglas Diamond's and Philip Dybvig's model, which does not only analyze the banks' role for liquidity provision, but also reveals the possibility of bank runs. This leads Professor Shiller to deposit insurance as a means to prevent bank runs. He discusses the Federal Deposit Insurance Corporation as well as the Federal Savings and Loans Insurance Corporation, together with the role that the latter played during the savings and loan crisis of the 1980s. The necessity to regulate banks in the presence of deposit insurance results in a discussion of the role of the Basel commission and an explicit calculation to illustrate the core principles of Basel III. At the end, Professor Shiller provides an overview of financial crises since the beginning of the 1990s, with the Mexican crisis of 1994-1995, and the Asian crisis of 1997. 00:00 - Chapter 1. Introduction 02:52 - Chapter 2. Basic Principles of Banking 10:46 - Chapter 3. The Beginnings of Banking: Types of Banks 24:00 - Chapter 4. Theory of Banks: Liquidity, Adverse Selection, Moral Hazard 33:03 - Chapter 5. Bank Runs, Deposit Insurance and Maintaining Confidence 41:07 - Chapter 6. Bank Regulation: Risk-Weighted Assets and Basel Agreements 53:27 - Chapter 7. Common Equity Requirements and Its Critics 01:02:49 - Chapter 8. Recent International Bank Crises Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 78661 YaleCourses
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1589319 CrashCourse
We see a negative economic risk trend in our German Banking Industry Country Risk Assessment because the German economy and banking sector are vulnerable to swings in the global economy. In this CreditMatters TV segment, Standard & Poor's Director Harm Semder discusses the main challenges for German banks, particularly as conditions across Europe remain fragile.
Views: 55 S&P Global Ratings
Revised Market Risk Framework (Part 1): SBA- Sensitivities-Based Approach Keywords: Marktrisikostandardansatz, Fundamental Review of the Trading Book (FRTB), Auswirkungen und Herausforderungen, Sensitivitätsbasierter Ansatz, Delta Risiko, Vega Risiko, Curvature Risiko, Restrisiko, PwC SBA-Tool Referenten: Martin Neisen, Global Basel IV Leader, Regulatory Management Phone: +49 69 9585 3328 Mobile: +49 151 53800865 E-Mail: [email protected] Dirk Stemmer, Partner, FS Risk Team Phone: +49 211 981 426469 Mobile: +49 160 93403524 E-Mail: [email protected] Frank Kreimes, Senior Consultant, FS Risk Team Phone: +49 621 40069 172 Mobile: +49 151 42360318 E-Mail: [email protected] Sie können sich über PwC Regulatory Blog registrieren.
Views: 1348 PwC Basel IV Channel
https://www.bancsabadell.com On the 130th anniversary of the founding of Banco Sabadell we wanted to pay homage to our city by means of the campaign "Som Sabadell" (We are Sabadell) . This is the flashmob that we arranged as a final culmination with the participation of 100 people from the Vallès Symphony Orchestra, the Lieder, Amics de l'Òpera and Coral Belles Arts choirs. En el 130º aniversario de la creación de Banco Sabadell hemos querido rendir un homenaje a nuestra ciudad con la campaña "Som Sabadell". Esta es la flashmob que realizamos como colofón final con la participación de más de 100 personas de la Orquestra Simfònica del Vallès y los coros Lieder y Amics de l'Òpera y la Coral Belles Arts.
Views: 80031238 Banco Sabadell
Finance and banking institution licensing in a single European market. One license for all EU financial markets. Licensing of the finance institution or bank in one of member states within the European Union (EU) opens business opportunities in all other EU/EEA countries, enjoy benefits of a common market and advantages of Single Euro Payments Area (SEPA) of more than 500 consumers and over 20 million businesses. Fintech companies, banks, electronic money institutions, insurance companies, investment funds and investment managers, securities and forex brokers, crowdfunding and peer-to- peer platforms in Europe traditionally are subject of higher regulation and risk management requirements. Fintech company or other finance institution registered in Lithuania provides significant competitive advantage and opens up European financial market at significantly lower incorporation and operational costs. The reasons why Lithuania is one of the top jurisdictions in EU for finance institution licensing: - No particular requirement for company management to reside in Lithuania. - Application for a license submitted without establishing a company. Incorporation of the company starts only after the license granted. - Fast licensing process. Issue of the license of Payment or E-money institution within period of 3 months and even faster. - The documents can be submitted in English and amended "on the go" instead of formal writing forth and back. - Possibility to get own sorting codes for IBAN accounts for the clients. - Non-banks have direct access to SEPA through the retail payment system managed by the Bank of Lithuania (regulator). - Remote client verification. Innovative "know your customer" processes for remote client verification allows open the accounts without physical presence of the client. - Easy passport of the license to other EU jurisdictions. The passporting to other EU countries takes 1 month and is free of charge. - Regulatory sandbox. No regulatory sanctions for the first year and possibility to test new financial products in real market. - Startup visa. Special visas for the citizens of non-EU/EEA countries running innovative businesses. Unique Lithuanian Specialized Bank license allows provide almost all banking services in EU/EEA markets having only EUR 1 000 000 equity capital. Lithuanian "light" banking license of special purpose bank opens large European banking market at significantly low cost and allows new players to challenge traditional banks in large national European markets, such as UK, Germany and France. The new Law on Crowdfunding came into the power recently, making Lithuania one of the few countries in the world having modern, clear and transparent Crowdfunding regulation. ECOVIS International is a leading global consulting group having over 4500 professionals operating in over 65 countries. ECOVIS ProventusLaw is Lithuanian member firm of ECOVIS International. For more information contact: ECOVIS ProventusLaw www.ecovis.lt [email protected] +370 5 212 40 84
Views: 1772 ECOVIS ProventusLaw
About the Speech: Frau Lautenschläger discussed the European Union's plans to establish a European bank resolution authority, to complement the supervisory authority. Though she has been supportive of the need for a bank resolution mechanism, she maintains that such an authority can only be established on a sound legal basis, and that changes to the European Union's treaties would be required to legitimise any such body. About the Speaker: Sabine Lautenschläger is one of the most prominent figures in European banking and has extensive experience in the field of banking supervision. She is currently the Vice President of the Deutsche Bundesbank, is a member of the Basel Committee on Banking Supervision and has served on the management board of the EBA. Until 2011, she served as the Chief Executive Director of Banking Supervision in Germany's Federal Financial Supervisory Authority.
Views: 870 IIEA1
Deutsche Bank CFO sees no capital transfer to U.S. unit Germany's Deutsche Bank will not need to transfer capital holdings to its U.S. subsidiary to meet the U.S.'s stricter regulatory requirements. CFO Stefan Krause was quoted as saying. "Because of the Americans' definition of capital, we can use supplementary capital to fulfill these requirements," http://news.yahoo.com/deutsche-bank-cfo-sees-no-capital-transfer-u-141055208.html Iran central bank eliminates cheaper dollar rate: reports According to Iranian media, Iran's central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place. http://us.rd.yahoo.com/finance/news/rss/story/SIG=14o57hcd6/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12l8r206t/*http%3A//finance.yahoo.com/news/iran-central-bank-eliminates-cheaper-105551739.html?l=1 ECB's Noyer says forward guidance in line with mandate ECB policymaker Christian Noyer said the European Central Bank's decision to break with precedent by declaring it would keep interest rates at record lows for an extended period is fully in line with its mandate. Referring to the ECB's inflation mandate Noyer said "Forward guidance is fully anchored to our mandate and in line with the two pillars of our strategy." http://news.yahoo.com/ecbs-noyer-says-forward-guidance-line-mandate-104843520.html http://www.wochit.com
Views: 60 Wochit Business
Electronic Transactions Association CEO Jason Oxman talks with Bloomberg Law about his outlook for fintech regulation and innovation in 2018. https://www.bna.com/outlook-fintech-regulation-m73014472981/
Views: 495 Bloomberg BNA
For more information log on to http://www.channelstv.com
Views: 288 Channels Television
Pan-European banking license of Lithuanian Specialised Bank opens up EU banking markets with only EUR 1 million registered capital. Licensing of the finance institution or bank in one of the member states within the European Union (EU) opens business opportunities in all other EU/EEA countries, enjoy benefits of a common market of more than 500 consumers and over 20 million businesses. Unique Lithuanian Specialized Bank license allows provide almost all banking services in EU/EEA markets having only EUR 1 000 000 equity capital. Lithuanian “light” banking license of Specialised Bank opens large European banking market at significantly low cost and allows new players to challenge traditional banks in large national European markets, such as UK, Germany and France. Banking services provided by Specialised Bank in European markets: lending, Payment services, receipt of deposits, currency exchange, issuing of e-money, issuing guarantees, fund administration, financial leasing, financial intermediation, creditworthiness assessment services, safe-deposit box rental and other traditional banking services. The reasons why Lithuania is one of the top banking jurisdictions in EU/EEA: – Fast licensing process. Issue of the license within period of 6 months. – Equity capital of EUR 1 000 000. – The documents can be submitted in English and amended “on the go” instead of formal writing forth and back. – Direct access to Single Euro Payments Area (SEPA). – Deposits up to the amount of EUR 100 000 ensured according to EU regulations. – Remote client verification. Innovative “know your customer” processes for remote client verification allows open the accounts without physical presence of the client. – Direct access to EU/EEA financial markets. – No sanctions for the first year. The Bank of Lithuania is committed to support start-ups and not to punish them during the first year of operation for minor infringements. – Startup visa. Special visas for the citizens of non-EU/EEA countries running innovative businesses in Lithuania. ECOVIS International is a leading global consulting group having over 5000 professionals operating in over 65 countries. ECOVIS ProventusLaw is Lithuanian member firm of ECOVIS International. For more information contact: ECOVIS ProventusLaw www.ecovis.lt [email protected] +370 5 212 40 84
Views: 797 ECOVIS ProventusLaw
Bitbond is a lending platform for business loans to SME’s which exist since 2013 and has provided €15 million to 4000 companies. They will launch the first German Security Token Offering (STO) on 11 March 2019 which has been approved by the German Bafin authority. The debt of the small- and medium-sized enterprises is basically tokenized and these tokens are created and will be tradeable on the Stellar blockchain. Special is that everybody can invest from €1 on. I interview Bitbond CFO Michael Pinkus on how it works. How will investors profit? How does Bitbond use blockchain in their current business? https://www.bitbond.com/ https://www.linkedin.com/in/michael-pinkus-91014234/ _____________________________________ Germany’s 1st STO Germany Approves Its First Security Token Offering The German financial market regulator, BaFin, has just approved its first STO in February, 2019: During Bitcoin Wednesday on 6 March 2019, Bitbond CFO Michael Pinkus will present it, the Bitbond token offering, a cryptocurrency on the Stellar distributed ledger. The tokenized debt of small- and medium-sized enterprises is set to go on sale — with the German government’s authorization — via Bitbond’s online lending platform on 11 March, 2019. At the conclusion of the STO on 10 May, 2019, the tokens will be distributed to investors. Immediately thereafter they will be tradeable via the StellarX decentralized exchange that is integrated with the Stellar network. The crypto-bonds will reach maturity in 10 years and will payout 1% per quarter on capital invested (4 times per year) plus an annual payout amounting to 60% of the loan portfolio’s profits each year. The token sale is open to anyone anywhere in the world with Bitcoin, Ethereum, Stellar and Euro, except for citizens of the U.S. and Canada. Bitbond’s Michael Pinkus has worked in international banking and finance for over 19 years and has extensive experience with structured finance, asset management and private debt. He’s held senior roles in structuring, sales and business development. Before working for Bitbond he handled the launch of Scope Group’s investor relationship management department, serving more than 300 institutional investors. He has spent a substantial amount of his career with IKB, a prominent European bank specialized in serving small- and medium-sized enterprises. He has successfully arranged for funding for banks, asset managers and funds, has led a loan syndication desk, executed several SME securitization transactions and worked as a credit portfolio manager. He has also supported the fundraising and launch of a direct lending platform and advised institutional investors about the marketplace and its alternative lenders. He has an LLM degree in banking and finance from the University of London.
Views: 161 Vincent Everts
What functions of money does the current stage of bitcoin fulfill? What is the current popular use case? Why will unit of account be the last function we achieve? Which use cases will accelerate bitcoin adoption in western countries (ex. Germany)? Why should we not be so hard on speculation and hedging against devaluation? What is the appeal of sound money? Will bitcoin become a world reserve currency? Why is gold not a good medium of exchange? How do we incentivise spending of bitcoin, when the current trend is to hold? Why is HODLing simultaneously hard? Why do mainstream economists call it "hoarding" instead of "saving"? These questions are from the HoshoCon event, the October Patreon Q&A sessions, the Seattle 'Internet of Money' tour event, and the November Patreon Q&A session, which took place on October 11th, October 27th, November 10th, and November 17th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: Hard Promises, Soft Promises: Promoting Autonomy instead of Authority - https://youtu.be/UJSdMFPjW8c The Killer App: Engineering the Properties of Money - https://youtu.be/MxIrc1rxhyI Measuring Success: Price or Principle - https://youtu.be/mPMsbgWl9p4 Escaping the Global Banking Cartel - https://youtu.be/LgI0liAee4s Why Open Blockchains Matter - https://youtu.be/uZPIz3ArQww Decentralised Globalisation - https://youtu.be/QoiR4aNbTOw Investing in Education instead of Speculation - https://youtu.be/6uXAbJQoZlE Beyond Price: Bitcoin's Impact on the Future - https://youtu.be/rvwVbRQ5Ysc Why I'm against ETFs - https://youtu.be/KSv0J4bfBCc Do crypto-banks threaten hard money? - https://youtu.be/Ps78g2_3_6o Regulation and the bank boycott - https://youtu.be/8ypH69Cb1l0 Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc Mass adoption and peer-to-peer commerce - https://youtu.be/n9qIAEFS-Qs Scaling strategies and adoption - https://youtu.be/dML1a_Ek9Kw Price volatility and store of value - https://youtu.be/wzzZT95ijTo Why I earn bitcoin instead of buying - https://youtu.be/Ci7TyD8jETY Job opportunities with cryptocurrencies - https://youtu.be/89_p4pDlQtI Inspiring cryptocurrency projects - https://youtu.be/WW8norCKUbE From barter to abstract money - https://youtu.be/KYsppZoHguQ Crossing the chasm of theoretical vs. real need - https://youtu.be/yIR0OBEAaUE Remittances and smuggling in Venezuela - https://youtu.be/RRXecXfWARw How long until mainstream adoption? - https://youtu.be/y3cKBDBabtA What is the biggest adoption hurdle? - https://youtu.be/jHgyHF3F2TI Bitcoin as everyday currency - https://youtu.be/xYvvSV4mjH0 Hyperbitcoinization - https://youtu.be/AB5MU5fXKfo Why permissioned blockchains fail - https://youtu.be/GEQzlJ_WL-E How to avoid re-creating systems of control - https://youtu.be/EfoGnDoaBL8 Is bitcoin testing governments? - https://youtu.be/UfRGo2LAIpo Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Views: 16034 aantonop
About the Speech: In her address to the Institute, Sabine Lautenschläger discussed banking regulation in Europe - she made the case for the reforms undertaken since the financial crisis and highlighted the need for a global approach to regulation. Ms Lautenschläger also discussed the ongoing review of the EU’s regulatory framework. About the Speaker: Sabine Lautenschläger was appointed to the Executive Board of the European Central Bank in January 2014 and appointed Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM) in February 2014. Prior to joining the ECB, she served as the Vice President of the Deutsche Bundesbank – the first woman to hold that position. In the course of her career at the Federal Banking Supervisory Office (BAKred), which later became the Federal Financial Supervisory Authority (BaFin), she held several management positions before being appointed BaFin’s Chief Executive Director of Banking Supervision in 2008.
Views: 136 IIEA1
According to Sascha Steffen, Professor at the European School of Management and Technology (ESMT), toxic assets and failed investments are threatening the security of European banks. We speak with him about the risks facing European lenders and about the currency upheavals in emerging markets. More: http://www.dw.de/made-in-germany-the-business-magazine-2014-02-11/e-17376989-9798
Views: 499 DW News
Banks are required to meet capital requirements in order to pass government stress tests. So what is capital, and how much is needed? WSJ's Liz Hoffman reports. Illustration: Heather Seidel/The Wall Street Journal Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 11150 Wall Street Journal
Our offerings under Rule 506(c) are for accredited investors only. GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. Subscribe and comment to qualify for a FREE ticket to the 10X Growth Conference. Sign up for www.MillionsOnThePhone.com Grant Cardone has a go pro on new training candidate for his Boiler Room Sales training. This is a hidden cam of how Grant Cardone Sales Training organisation quickly prepares a sales person to make cold calls from his offices in Miami. Our offerings under Rule 506(c) are for accredited investors only. FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can by accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com
Views: 951147 Grant Cardone
https://goo.gl/HQy2sk From the Live Lounge at SAPPHIRE NOW, Jack Shaw, Co-Founder and Executive Board Member, Blockchain Executive, sits down with Wellington Holbrook, Chief Transformation Officer, ATB to discuss leveraging blockchain for international currency payments. ATB is a world apart both geographically and figuratively from the giant monolithic banks you find in the big FinTech hubs of London UK, Hong Kong and Singapore. A few years back ATB migrated off their legacy core banking platform onto SAP and it's showing dividends. Their new Online Shopping Platform built on SAP Hybris is a fresh new way to browse and purchase financial products. With its shopping cart model it looks more like Amazon than a traditional ‘application form’ style sales journey. Using a network built on the SAP HANA Cloud Platform, SAP Payment Engine and Ripple’s enterprise blockchain solutions, ATB transferred CA$1000 (EUR667) to ReiseBank in Germany. It took just 29 seconds for a transaction to complete that would otherwise have taken 6 days, whilst still complying with Anti-money laundering regulation. What’s more impressive is that the whole proof of concept was designed and built in just 9 working days!
Views: 737 SAP
Speaker(s): Dr Andreas Dombret Chair: Professor Sir Charles Bean Recorded on 29 October 2015 at Sheikh Zayed Theatre, New Academic Building While bankers and regulators are still busy implementing the lessons learnt from the crisis, new challenges have arisen that might once again change the banking landscape. Andreas Dombret is a Member of the Executive Board of the Deutsche Bundesbank. He trained as a bank clerk with Dresdner Bank before studying business management at the Westfälische Wilhelms University in Münster. He was awarded his PhD by the Friedrich-Alexander University in Erlangen-Nuremberg. From 1987 to 1991, he worked at Deutsche Bank’s Head Office in Frankfurt as a manager with the power of procuration. From 1992 to 2002, he worked at JP Morgan in Frankfurt and London, from 1999 as a Managing Director. From 2002 to 2005, he was the Co-Head of Rothschild Germany located in Frankfurt and London, before serving Bank of America as Vice Chairman for Europe and Head for Germany, Austria and Switzerland between 2005 and 2009. He was awarded an honorary professorship from the European Business School in Oestrich-Winkel in 2009. Since May 2010, he has been a member of the Executive Board of the Deutsche Bundesbank with currently responsibility for Banking and Financial Supervision, Risk Control and the Bundesbank’s Representatives Offices abroad. He is also responsible for G7, G20 and IMF (Deputy of the Bundesbank), Supervisory Board (SSM) (Member), Basel Committee on Banking Supervision (BCDS) (Member of the Bundesbank and Bank for International Settlements, Basel (Board of Directors). Charles Bean is a Professor of Economics at LSE and a former Deputy Governor of the Bank of England. The Financial Markets Group Research Centre (FMG) at LSE (@FMG_LSE) is one of the leading European centres for academic research into financial markets and is a focal point for research communication with the business, policy making, and academic finance communities.
"Future of Banking based on Algorithms", Alexander Graubner Müller, CTO at Kreditech Watch more from Data Natives 2015 here: http://bit.ly/1OVkK2J Visit the conference website to learn more: www.datanatives.io Follow Data Natives: https://www.facebook.com/DataNatives https://twitter.com/DataNativesConf Stay Connected to Data Natives by Email: Subscribe to our newsletter to get the news first about Data Natives 2016: http://bit.ly/1WMJAqS About the Author: As the founder and CTO of Kreditech, Alexander strongly believes that algorithms and statistical data are the building blocks for the next Industrial Revolution. Kreditech, one of Germany’s most data-driven FinTech companies, is a testament to that belief. Before founding Kreditech alongside Sebastian Diemer, Alexander managed engineering and product development at Rocket Internet and worked in the investment and banking sectors.
Views: 3127 Data Natives
Our Law School will take place from 22nd to 29th July 2018 in Frankfurt, Heidelberg and Mannheim! Besides an excellent academic program, which includes lectures by renowned professors, visits to large law firms and banks, our social programme leaves nothing to be desired: city tours in Heidelberg, a historical tram ride, a visit to a brewery, a boat trip, our gala ball and much more! Come to our Law School, make international friends, learn a lot about banking and finance law! In short: experience an unforgettable week with us.
Get more Tips here! www.destinationtips.com Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts. Here is a list of the top 10 Biggest Tax Havens in the World. (Ranking is based on a combination of its secrecy score and scale weighting) #10 United Arab Emirates One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement. A large slice of the inbound money comes in the form gold. Secrecy Score: 77% Tax Haven Status: Tiny #9 Bahrain An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries. Secrecy Score: 74% Tax Haven Status: Small #8 Germany Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist Secrecy Score: 56% Tax Haven Status: Huge but Shifty #7 Lebanon Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient. Secrecy Score: 79% Tax Haven Status: Small and Secure #6 Luxembourg The most important private banking and wealth management center in the Eurozone. It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers. Breaking professional secrecy can result in a prison sentence Secrecy Score: 55% Tax Haven Status: Huge #5 The Cayman Islands Banking assets worth $1.4 trillion in June 2014. Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion. It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it. Secrecy Score: 65% Tax Haven Status: Aggressively Protective #4 Singapore A major wealth management center, with $1.4 trillion in assets under management in 2013. In 2014 it become Asia’s largest foreign exchange trading center. It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership. Secrecy Score: 69% Tax Haven Status: Intentionally Blind? #3 USA The U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities. Secrecy Score: 60% Tax Haven Status: Ironic #2 Hong Kong Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets. China’s control over Hong Kong has shielded it from global transparency initiatives. It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS. Secrecy Score: 72% Tax Haven Status: See-No-Evil #1 Switzerland Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934 However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders Secrecy Score: 73% Tax Haven Status: BOSS
Views: 50844 Destination Tips
What does it mean for dealers in stocks, bonds, and currencies when the stock market takes a roller-coaster ride and huge fortunes dissolve into thin air? Are good traders emotionally disturbed people, as an American study claims to show? And when a person buys and sells for millions every day, how does he think? Reporter Andreas Be Hewel visited a former Deutsche Bank currency trader. He tells us how stressful the job is and how disciplined and fast-reflexed a currency dealer must be. Success here is unpredictable, and psychologists speak of the ILLUSION of control. Our topic in cooperation with Handelsblatt.
Views: 1153 DW News