{
Banking Regulations

SubCategory

}
Hong Kong boosts crypto licenses amid rising transaction volumes and retail challenges
Hong Kong is solidifying its status as a global crypto hub, with a remarkable 85.6% increase in transaction volumes year-over-year, despite retail adoption remaining at 24%. The Securities and Futures Commission (SFC) has accelerated licensing for virtual asset trading platforms (VATPs), now totaling seven, while the Hong Kong Monetary Authority (HKMA) is spearheading initiatives like Project Ensemble to integrate digital assets into traditional finance. These efforts aim to enhance investor protection and foster a stable yet innovative digital asset ecosystem.
Crypto News Flash
Securities AND Futures Commission HKG
Finance & Economy, Market Report
10:00 22.12.2024
remittix revolutionizes cross-border payments with blockchain and fiat integration
Remittix (RTX) is revolutionizing cross-border payments by enabling users to convert over 40 cryptocurrencies into fiat and transfer it to any global bank account. With a focus on simplicity, affordability, and transparency, it eliminates hidden fees and middlemen, making it an attractive option for unbanked individuals. The platform also allows businesses to integrate its Pay API, facilitating cryptocurrency payments while providing merchants control over cashing out in multiple fiat currencies.
Analytics Insight
United States Dollar Wise plc Coinbase Global, Inc.
Finance & Economy, Market Report
09:00 22.12.2024
credit suisse report reveals failures in big bank regulation and state aid necessity
The PUK report reveals that big bank regulations, particularly the "too big to fail" (TBTF) legislation, failed to protect Credit Suisse, necessitating state intervention. Despite intentions to bolster resilience and protect taxpayers, exemptions allowed the bank to hide significant equity gaps, leading to a crisis that required a potential nationalization. As reforms are planned, the government must acknowledge the reality of needing to provide substantial rescue funds for systemically important banks in the future.
Blick
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Alain Berset Thomas Jordan Karin Keller-Sutter Show more
Finance & Economy, News Article
08:57 22.12.2024
Raiffeisen Bank shares rise as market performance strengthens in 2024
Raiffeisen Bank International (RBI) has shown a strong performance in 2024, with shares priced at EUR 19.35, reflecting a 5.45% monthly increase and a 2.79% rise year-on-year. The bank is distributing a dividend of EUR 1.25 per share, and its market capitalization stands at EUR 6.4 billion. However, recent analyses indicate that shareholders may need to consider urgent actions regarding their investments.
aktiencheck.de
Euro Raiffeisen Bank International AG AUT
Finance & Economy, Market Report
03:16 22.12.2024
the need for competent leadership in banking after recent crises
The recent PUK report on Credit Suisse highlights the urgent need for competent leadership in Swiss banking, emphasizing that past failures stemmed from greed and lack of integrity among managers. Recommendations include stricter equity requirements for UBS and a review of bonus systems, as well as easier penalties for non-compliance. The report warns that without significant reforms, future banking crises could have devastating impacts on Switzerland's economy.
Basler Zeitung
United States Dollar Swiss Franc Credit Suisse Real Estate Fund Siat CHE Urs Rohner Axel Weber Colm Kelleher Sergio Ermotti Urban Angehrn Show more
Finance & Economy, News Article
00:00 22.12.2024
credit suisse crisis ueli maurer's misleading statements and the downfall
In December 2022, Ueli Maurer misled the public about the stability of Credit Suisse, despite knowing the bank was in crisis. Following a significant liquidity outflow, he and CS Chairman Axel Lehmann falsely assured the public of a stabilized situation, while internal discussions revealed growing concerns about the bank's viability. By late December, CS's liquidity had drastically diminished, leading to its eventual downfall just months later.
Tages-Anzeiger
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Marlene Amstad Karin Keller-Sutter Axel Lehmann Thomas Jordan Urban Angehrn Ulrich Körner Ueli Maurer Show more
Finance & Economy, News Article
23:27 21.12.2024
credit suisse downfall rooted in character flaws not capital issues
The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
Neue Zürcher Zeitung
Euro United States Dollar Deutsche Bank RV Global PP Credit Suisse Real Estate Fund Siat Nestlé S.A. TUR CHE MLT Peter Brabeck Urs Rohner Recep Tayyip Erdoğan Joe Ackermann Show more
Finance & Economy, News Article
22:45 21.12.2024
UAE Bitcoin Holdings Reach 40 Billion Amid Global Bull Market Surge
The United Arab Emirates has seen its Bitcoin holdings surge to $40 billion, driven by significant investments from institutions and the government amid a global bull market. Strategic initiatives, including favorable regulatory frameworks, have positioned the UAE as a leading hub for cryptocurrency and blockchain innovation. This growth is expected to enhance economic diversification and attract further institutional investments, reinforcing the country's proactive stance on digital assets.
Bitcoinist.com
ARE
Finance & Economy, Market Report
22:30 21.12.2024
crypto market transformation banks embrace digital assets and new opportunities emerge
The cryptocurrency market underwent a significant transformation in 2024, with Bitcoin rebounding to new heights following the launch of spot ETFs and substantial investments from Wall Street firms. Major banks now dominate trading, while regulatory changes have led to a cleaner, more professional market, integrating crypto into traditional finance.New projects and improved technology have made crypto more accessible, with gaming and NFT applications finding real-world use cases. As the market matures, institutional investment continues to grow, signaling a bright future for the crypto landscape.
applemagazine.com
United States Dollar Morgan Stanley Square Enix Holdings Co., Ltd. Charles Schwab Corp Fidelity Contrafund BlackRock, Inc. TD Ameritrade Inc. Ubisoft Entertainment Coinbase Global, Inc. The Goldman Sachs Group, Inc. ARE USA HKG JPN Show more
Finance & Economy, Market Report
21:50 21.12.2024
lessons from the credit suisse crisis and failures of oversight
The Parliamentary Commission of Inquiry into the UBS case reveals significant failures in the handling of Credit Suisse, highlighting a lack of lessons learned from the 2008 UBS crisis. Key issues include ineffective regulatory oversight, excessive bonus payouts amid losses, and a negligent response from Swiss authorities, culminating in a questionable sale to UBS without a viable strategy for future banking crises. The report fails to provide solutions for preventing another financial disaster, leaving taxpayers vulnerable.
insideparadeplatz.ch
United States Dollar Swiss Franc Credit Suisse Real Estate Fund Siat CHE Colm Kelleher Karin Keller-Sutter
Finance & Economy, Blog Post
21:26 21.12.2024
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