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In 2023, compliance management software emerged as a game changer for financial businesses. With constantly changing rules and more scrutiny, being compliant has become a difficult and time-consuming endeavor. However, due to modern digital solutions, financial institutions may expedite their compliance operations, eliminate risks, and assure conformity to regulatory requirements.

Compliance management software is changing how financial companies operate, allowing them to handle compliance obliga

As there is an increase in money transaction activities. It has been observed that in past few years, instances of money laundering have been increased. These incidences have become very challenging for finance sectors and financial institutions. This has resulted in the augmented adoption of anti-laundering software. The accelerating number of cultured cyber-attacks have raised the concerns of significant losses in a number of industries and organization. It is the need of the hour to adopt Ant

Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash: Economics Professor

Source:

Washington's Blog

February 9, 2016

More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.

Negative interest rates are spreading worldwide.

And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely tanki

A Loophole Allows Banks – But Not Other Companies – to Create Money Out of Thin Air

One of the Main Causes of Our Economic Problems

Source:

Washington's Blog

January 15, 2016

The central banks of the United States, England, and German – as well as 2 Nobel-prize winning economists – have all shown that banks create money out of thin air … even if they have no deposits on hand.

The failure of most governments and most mainstream economists to understand this fact – they instead believe the myth that pe

Killing Off Community Banks — Intended Consequence of Dodd-Frank Act? “Orderly Liquidation Authority”. Consolidation of Megabanks

Source:

 Ellen Brown

The Web of Debt Blog

21 October 2015

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks. Community banks are rapidly disappearing — except in North Dakota, where they are thriving. 

At over 2,300 pages, the Dodd Frank Act is the longest and most complicated bill ever passe

Enrique Suarez Presenting:

“The Banksters Did It”: The Central Banks Have Engineered This Financial Collapse

Source:

The Corbett Report

25 August 2015

Good news, everybody! The markets are rebounding! Yes, we just a hit a minor bump in the road there, but don’t worry, everything is back to normal now. Let’s forget about the tail end of last week and this week’s Black Monday, shall we? Pay no mind to the uncomfortable low lights of the global stock rout:

• The staggering $5 trillion wipeout of funny mone

Enrique Suarez Presenting:

Overthrow the Speculators

  Source:

Chris Hedges

"Speculation in the 17th century was a crime. Speculators were hanged."

(Originally published in Common Dreams, December 30, 2013)

Money, as Karl Marx lamented, plays the largest part in determining the course of history. Once speculators are able to concentrate wealth into their hands they have, throughout history, emasculated government, turned the press into lap dogs and courtiers, corrupted the courts and hollowed out publ

Enrique Suarez Introducing to:

Matthias Chang

The original article appeared on Global Research on July 08, 2013

Excess Reserves at the Federal Reserve. One of The Biggest Financial Scams In History: A Whopping US$1.794 Trillion

Banks’ excess reserves at FED is one of the biggest scam by the FED and there is a conspiracy of silence as to its actual implications. Economists and financial analysts spewing nonsense to mislead and divert attention to non-issues so that the public is kept in the dark.

The

Risk data is an area that has been largely overlooked for many years. Today the situation is different and the area is facing increasing regulatory scrutiny, as Systemically Important Financial Institutions (SIFIs) rush to comply with the Basel 239 Principles for Effective Risk Data Aggregation and Risk Reporting. An enterprise’s success depends on its ability to analyze risk data efficiently and effectively, in ways that uncover both risks and opportunities. Being able to extract and escalate c

The Basel Committee, which creates regulations for banks, has published a set of principles regarding effective risk data aggregation and risk reporting, which will provide a fantastic business case for risk professionals to improve their risk frameworks. I’ve included highlights below, but you can take a look at the full report here.

The principles for effective risk data aggregation and risk reporting will be mandatory for globally systemically important banks (G-SIBs) from 2016, and the Basel

The new category of domestic systemically important banks will increase the data management and disclosure burden on qualifying institutions, at a time when many are already feeling the strain.

Banks that escaped classification as G-SIFIs in 2011 may have breathed a sigh of relief at the time, but for many, that relief will have been short-lived. In October last year, the Basel Committee on Banking Supervision (BCBS) set out its proposed framework for an additional category of systemically import

According to a report published by Technology Business Research last week, IT investment among North American banks is on the rise, with one of the main drivers for this being data management. This echoes findings of research SunGard recently conducted into risk management trends and priorities among more than 750 of our banking customers in 60 countries. Over 50% of respondents confirmed that their IT budgets for risk management has increased or remained stable since 2012. In the US, 65% of ban

The European Banking Authority released a statement indicating that gaps exist in the capital standards for about 20% of the regions top 48 largest banks. Meanwhile, the Bank for International Settlements has posted a relatively positive report on Asian banks loan reserve practices.

Are Asian banks in front of the game for capital management than their European counterparts?

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Australian banks are in for a shakeup. The Reserve Bank of Australia has decided to launch a probe into why Aussie banks keep suffering extreme service outages and APRA, the national regulator has recently finalized its Business Continuity Management guide which must be in place by the 1st of July 2012.

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Unbelievable but unfortunately it appears that UK banks are heading for another disaster and so soon after the recent credit crisis took grip of the country.