Bankliquidation is the process of liquidating a bank‘s assets in order to pay off its creditors and depositors. The process is typically initiated when a bank is undercapitalized or insolvent, and is carried out by an appointed bank liquidator. During the process, the bank liquidator evaluates the bank‘s assets and liabilities, and sells off assets…
Author: Administrator
Fintech firms and the protection of deposits
Financial technology, also referred to as Fintech, grew in importance over time. Initially started as a efficient way to utilize the foreign exchange markets and the brokers operating in it. To provide swift access to their accounts, Fintech firms apply for a license as an Electronic Money Institution to provide their customers with an IBAN…
‘Dirty money’ risk deemed moderate for PHL banks
FINANCIAL INSTITUTIONS in the Philippines have a “medium” risk of exposure to activity related to money-laundering and terrorist financing, according to a risk assessment conducted by the Bangko Sentral ng Pilipinas (BSP). “The wide array of financial products and services, size of transactions, as well as the growing physical and digital network or delivery channels…
America’s banks have too much cash
Abundant liquidity is meant to help markets. It might soon cause trouble When bond markets seized up in the spring of 2020 the problem was a shortage of cash. A global dash for dollars caused bond yields, which move inversely to prices, to spike. It sent the greenback soaring in currency markets. And it caused…