The financial world is witnessing a significant legal drama as banks face allegations of negligence linked to the collapse of fintech company Synapse. The implications of this lawsuit could reshape regulatory frameworks, highlighting vulnerabilities in the collaboration between traditional banks
DIY investing has gained momentum as individuals increasingly seek to take control of their financial destinies. Freefincal, a platform dedicated to prudent DIY investing, strives to simplify financial planning through data-driven insights on investment risks and rewards. Newcomers are advised to
The European Central Bank (ECB) has recently tightened regulations for intraday liquidity management, leaving banks grappling with the complex implementation process. Issued in late 2024, the ECB's guidelines specify 76 stringent requirements related to real-time oversight, detailed data
IDB Bank recently announced a notable leadership change, appointing Avner Mendelson as its new President and CEO. Mendelson's extensive background in banking and leadership, including pivotal roles at Bank Leumi USA and Valley National Bank, positions him as an ideal leader to guide IDB Bank’s
In a significant policy shift, the Federal Deposit Insurance Corp. (FDIC) has updated its stance on cryptocurrency regulations for banks, allowing them to engage in crypto-related activities without prior approval. This change marks a notable departure from the previous strict oversight mandate
In a recent address, AUSTRAC CEO Brendan Thomas issued a stern warning to pubs and clubs regarding their practices surrounding anti-money laundering (AML) compliance. Emphasizing that AML responsibilities cannot be managed through a "one-size-fits-all" or "set-and-forget
