Federal agencies approve cyberattack rules for U.S. banking system

Federal banking regulatory agencies have approved a final rule on how cyber attack information should be shared within the U.S. banking system, according to a joint statement issued by the Federal Deposit Insurance Corporation (FDIC). The Office of the Comptroller of the Currency (OCC), the Council and the FDIC jointly …

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MiamiCoin, a currency without sovereignty

The author is a collaborating editor of FT Earlier this month, Francis Suarez, mayor of Miami, announced that he take your next paycheck in bitcoin. New York’s new mayor replied that he would take his next three. This kind of good-natured buffoonery is the norm for American mayors. And it’s …

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Cognizant predicts 8% to 11% constant currency revenue growth in 2022-24

US-based IT company Cognizant said it expects revenue to grow 8-11% in annual constant currencies over the 2022-24 period. Discussing its growth strategy and outlook during an investor briefing, Cognizant said it expects to experience constant currency income growth of 8-11% annually during 2022-2024 and an increase in the annual …

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Turkey faces threat of inflation and currency crisis after the pound falls

ANKARA: The Central Bank of Turkey meeting was held on Thursday amid heated debates over high interest rates and the continued depreciation of the Turkish lira against foreign currencies. As expected, the central bank cut rates by another 100 basis points, pushing the pound down to a new all-time low. …

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Experts discuss challenges and opportunities for commercial banks

Latha Venkatesh of CNBC-TV18 moderated a panel of renowned experts to discuss the challenges and opportunities for commercial banks on the second day of the 8th Annual SBI Banking and Economic Conclave. Vaidyanathan said, “A lot of players who haven’t done a bank in the last 100 years suddenly have …

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IMF warns enaira could reduce demand for commercial bank deposits

The International Monetary Fund (IMF) has warned that the eNaira portfolio could reduce “the demand for deposits in commercial banks”. This was disclosed in an IMF report titled: “Country Focus; Five observations on the digital currency of the central bank of Nigeria. ‘ The IMF has advised the Central Bank …

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Five Observations on Nigeria’s Central Bank’s Digital Currency

Nigeria’s central bank’s new digital currency, eNaira, is expected to increase financial inclusion and facilitate remittances, but the potential risks will need to be managed. (Photo: André M. Chang / ZUMAPRESS / Newscom) Five Observations on Nigeria’s Central Bank’s Digital Currency By Jack Ree IMF Africa Department November 16, 2021 …

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Global Industry Analysis by Top Companies – GLORY, Giesecke & Devrient, Cassida, AccuBANKER, Dri Mark and many more … – Clark County Blog

Counterfeit banknote detection market The 2021 report presents the highest quality analysis of segments in growth sectors and competition by types, applications, major regions and countries. The Counterfeit Banknote Detection market research study presents innovations with management strategies, market drivers, industry challenges and threats. It keeps track of all growth …

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SBP increases liquidity reserve requirements for commercial banks

The State Bank of Pakistan has decided to increase the average cash reserve requirement from 1% to 6% for commercial banks in an effort to control rising inflation. The central bank raised the cash reserve ratio of banks for the first time in 13 years in an effort to reduce …

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Vulnerability of the banking system through the COVID-19 pandemic

Matteo Crosignani, Thomas Eisenbach and Fulvia Fringuellotti More than a year after the start of the COVID-19 pandemic, the US banking system has remained stable and appears to have weathered the crisis well, in part due to the effects of policy measures taken during the early stages of the pandemic …

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