Basel Committee proposes definitions for problem loans
by Kylene Casanova
The Basel Committee on Banking Supervision has published a consultation document on how banks should treat non-performing loans under Basel III.
All posts
DynamicPay - bank independent dynamic discounting service from Danske
by Kylene Casanova
Flexible financing, ease of setup and use are the key differentiators
Bolivian banks adopt SWIFT’s KYC
by Kylene Casanova
Bolivian banks connected to SWIFT are now using the Know Your Customer (KYC) registry. What are the implications of this growing use of the KYC programme for corporate treasury?
IASB’s webcast on the definition of a ‘lease’
by Kylene Casanova
The International Accounting Standards Board (IASB) has recorded a web presentation discussing the requirements of IFRS 16 Leases relating to the definition of a lease.
Mobile payments in India to accelerate as Unified Payments Interface goes live
by Kylene Casanova
National Payments Corporation of India’s Unified Payments Interface (UPI) went live on April 11 and is expected to change the way mobile banking transactions are conducted in India, AND increase usage dramatically
World’s 5 largest banks are based in Asia, & China-headquartered banks made up top 4
by Kylene Casanova
According to S&P Global Market Intelligence's latest global bank rankings, HSBC fell to 6th and Citi remains at 13th
Three out of four companies choose banks based on online security
by Kylene Casanova
Three-quarters of companies select their banks according to security reputation while 88 per cent are willing to pay higher fees for banks with a proven security track record.
Almost half of UK SMEs frustrated by delayed B2B payments
by Kylene Casanova
A survey by YouGov and ACI Worldwide has found that 48 per cent of small to medium-sized businesses in the UK are unhappy with late payments from customers.
EPC launches public consultation on their pan-European scheme for instant payments
by Kylene Casanova
What should corporates demand from the pan-European instant payment scheme? Don’t let banks decide, get involved. You have until 10 July 2016 to comment. Scheme goes live in November 2017
EBA CLEARING’s STEP2 offering unlimited remittance info service in SCTs now live
by Kylene Casanova
Now possible to bundle a large number of invoices/credit notes into one SCT payment and for easy reconciliation on receipt. Eight STEP2 banks offer the new enhanced extended remittance information service
New rules for insider persons and companies in Sweden
by Kylene Casanova
The Market Abuse Regulation is due to come into effect in Sweden on 3 July 2016. It requires that companies keep a logbook and insider list.
Three trends affecting capital flows in the EU
by Kylene Casanova
The European Commission has published a document giving a summary of the main developments regarding freedom of payments in the EU.
SWIFT to launch Payments Data Quality service
by Kylene Casanova
SWIFT has announced it will launch a collaborative initiative that supports FATF Recommendation 16 requirements for wire transfers.
Hanse Orga introduces ‘HO Global Format Integrator’ for payments
by Kylene Casanova
New ‘plug & play’ solution for companies wishing to configure and establish international transaction messages faster and easier into their SAP system.
If you thought regulatory upheaval was over, think again
by Kylene Casanova
Last week the EC defined some of the crucial details for MiFID II and the US Chamber of Commerce said more regulation is on the way in 2016.
EPC issues clarification on ‘Change of Creditor’ rules for Sepa Direct Debit
by Kylene Casanova
The European Payments Council has published a paper that clarifies whether a new Sepa Direct Debit mandate is required in case of a change of the creditor or of the creditor reference party.
NACHA reveals same-day ACH payments will be available in USA by Sept 2016
by Kylene Casanova
Survey shows that payroll and B2B services will be the top offerings initially and also that most banks will offer the same-day services to all clients
The Panama Papers: reverberations throughout the financial services industry
by Kylene Casanova
Maybe you never heard of Mossack Fonseca before this week but the fallout from the Panama tax evasion and money laundering scandal could touch all echelons of the financial services industry.
Beneficiary identification check could cut risk of payment error and fraud - report
by Kylene Casanova
Payments UK's latest report recommends that an additional confirmation of payee identity should be introduced to reduce the risk of payment error and fraud.
The three main risks in the EU financial system
by Kylene Casanova
The European Supervisory Authorities have published a report highlighting three main risks in the European financial system, including low profitability of banks and contagion from China.
BofA Merrill Lynch Merchant Services extends support in Europe with new unit
by Kylene Casanova
New BofA Merrill Lynch Merchant Services (Europe) Limited unit in conjunction with Banc of America Merchant Services, LLC provides global clients simplified cross-border merchant services
SAP Ariba partners with PrimeRevenue - will this transform financial supply chain?
by Kylene Casanova
Key players are getting together to iron out the disconnects in the financial supply chain. When two of the biggest players get together, what will happen? Frictionless trade?
Basel Committee proposes changes to Basel III framework
by Kylene Casanova
The Basel Committee on Banking Supervision has proposed changes to the Basel III framework in a consultative document, Revisions to the Basel III leverage ratio framework.
53% of British CFOs not preparing for Brexit - Deloitte survey
by Kylene Casanova
Deloitte UK's Q1 2016 CFO Survey shows a rise in chief financial officers supporting the EU in the run-up to the UK's EU referendum on 23 June.