Commentary How do you solve a problem like Environmental, Social, and Governance (ESG), the progressive investing movement that has now become entrenched across Wall Street? Since 2015, ESG has been steadily integrated into the global financial markets to create a private sector funding vehicle for the United Nations-led climate and sustainable development programs. To achieve…
America’s Banking Regulators Have Failed
April 2, 2023
admin
algorithm technologyArchivedbankbank crisisbank regulationsBusiness & MarketsBusiness Columnistseconomic policieseconomyInvestmentliquidity riskpersonal financePolicies & ImpactsSilicon Valley BankSocial IssuesUS
0 Comment
Commentary March 28 hearings on bank regulation exposed the shortfall of federal regulation. The hearings came in the wake of the Silicon Valley Bank (SVB) failure and the stresses on other banks, like Signature and Republic. To put it frankly, the hearings exposed our regulators appear to be virtually useless. Among things we learned last week:…
House Financial Services Chair Warns Against Quick Regulatory Fixes For Banking Crisis
March 25, 2023
admin
bank regulationsBusiness & Marketscongresseconomic policieseconomyHouse Financial Services CommitteeinflationInvestmentMarketsPolicies & ImpactsPoliticsrecessionUSUS News
0 Comment
The House Financial Services Committee Chairman Patrick McHenry (R-N.C.), warned against quick regulatory fixes for the banking crisis. The congressman from North Carolina told the American Bankers Association Washington Summit on March 22, we “cannot legislate confidence” when it comes to the banking sector. He stated that it was too early to see if any new…
Big Banks Face $1 Billion in Fines Over WhatsApp, Other Unapproved Message Tools, Says Report
August 22, 2022
admin
bank regulationsBusiness & MarketscftcCompanieseconomic policieseconomyInvestmentMarketsPoliticsSECUSWhatsapp
0 Comment
Major banks such as JPMorgan Chase, Citigroup, and Bank of America are collectively facing more than $1 billion in regulatory fines, after employees used unapproved communication tools, such as private email and messaging apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) discovered the violations after probing several banks’ record-keeping practices relating to the use…
What’s Behind Beijing’s Latest Round of Bank Regulations
October 18, 2021
admin
bank regulationsBeijingBusiness & EconomyBusiness ColumnistsChinaChina Business & EconomyOpinionThinking About ChinaXi Jinping
0 Comment
Commentary Beijing is tightening governance around banks and insurance companies to bar large shareholders from having excessive influence and engaging in unfair dealings. China wants to rein in financial sector risk and corporate governance. Many of these affiliated deals generated losses or bad debts for banks. But there are other layers to this new round…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`