scholarly journals THE IMPACT OF CRISIS TRENDS IN BANKING ON EXPANDING FINANCIAL SAFETY NET

TEME ◽  
2018 ◽  
pp. 899
Author(s):  
Mirjana Jemović ◽  
Borko Krstić
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Financial Stability ◽  
Safety Net ◽  
Regulatory Framework ◽  
Services Sector ◽  
Financial Services Sector ◽  
Banking Institutions ◽  
The Impact ◽  
Financial Safety Net

Stable and efficient functioning of financial institutions, especially banking institutions, requires the existence of an adequate regulatory framework. The differences in the character and functioning of financial institutions caused differences in the regulatory approaches for maintaining stability and efficiency, whereby one should bear in mind that even within a concrete financial system, the regulatory framework evolves in order to be able to respond to new trends in the financial services sector. A growing homogenization of activities and a less noticeable difference among financial institutions caused the financial safety net to expand to non-bank financial institutions in order to maintain financial stability. The aim of this paper is to consider the justification and implications of such an expansion. Considering the fact that financial safety net „expansion“ stimulates riskier behaviour of protected institutions, this paper offers suggestions for dealing with this problem in order to reduce it as much as possible. 

scholarly journals Singapore

2019 ◽  
Vol 19 (229) ◽  
pp. 1
Author(s):  
Keyword(s):  
Technological Innovation ◽  
Financial Institutions ◽  
Financial Services ◽  
Business Models ◽  
Financial Sector ◽  
Efficient Manner ◽  
Services Sector ◽  
Financial Services Sector ◽  
The Impact ◽  
Innovation And Change

Fintech developments hold the promise of having a far-reaching impact on the Singaporean financial services sector, bringing both opportunities and new risks. Technological innovation is one of the most influential developments affecting the financial sector. While fintech promises opportunities for new entrants and incumbents, innovation and change introduce new risks for clients, financial institutions (FIs) and the system. Early indications suggest that while a significant amount of activity has taken place across the financial services landscape, the impact is largely characterized as helping incumbents deliver financial services in a more efficient manner as opposed to disrupting existing business models. Nonetheless, disruption could be around the corner.

scholarly journals IMPACT OF SHADOW BANKING ACTIVITIES AS NON BANK INTERMEDIATION TOWARD REGULATORY DEVELOPMENTS IN FUNCTION CONTROL OF FINANCIAL SERVICES SECTOR IN INDONESIA

2016 ◽  
Vol 1 (1) ◽  
pp. 47
Author(s):  
Lastuti Abubakar ◽  
C. Sukmadilaga ◽  
Tri Handayani
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Financial Stability ◽  
Banking Sector ◽  
Banking Regulation ◽  
Shadow Banking ◽  
Services Sector ◽  
Financial Services Sector ◽  
Analytical Research ◽  
Global Financial System

Based on the Global Shadow Banking Monitory Report 2015 issued by the Financial Stability Board, global shadow banking activities manage 80% of global GDP and 90% of the global financial system assets. Hence, this study aimed to examine the regulation and supervision of shadow banking activities in Indonesia. The method used is normative juridical with descriptive analytical research specifications. Based on the research results as follows : regulation of shadow banking in Indonesia's financial services sector covers all financial institutions outside the banking sector or Non-Bank Financial Institutions that the regulations are scattered in various rules. Indonesia has developed an integrated surveillance system for the entire financial services sector, include NBFIs. Development of shadow banking regulation will be based on the strengthening of reporting, monitoring, supervision and regulation. Keywords : regulatory developments, shadow banking, and supervision

FIFA – highlighting the links between global banking and international money laundering

2018 ◽  
Vol 21 (4) ◽  
pp. 498-512 ◽  
Author(s):  
Mohammed Ahmad Naheem
Keyword(s):  
Money Laundering ◽  
Financial Services ◽  
Banking Sector ◽  
Due Diligence ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Global Banking ◽  
Beneficial Ownership ◽  
The Impact

PurposeThis paper uses the recent (August 2015) FIFA arrests to provide an example of how illicit financial flows are occurring through the formal banking and financial services sector. The purpose of this paper is to explore which elements of anti-money laundering (AML) compliance need to be addressed to strengthen the banking response and reduce the impact of IFFs within the banking sector.Design/methodology/approachThe paper is based on the indictment document currently prepared for the FIFA arrests and the District Court case of Chuck Blazer the FIFA Whistleblower. It uses the banking examples identified in the indictment as typologies of money laundering and wire fraud. Corresponding industry reports on AML compliance are included to determine where the major weaknesses and gaps are across the financial service.FindingsThe main findings from the analysis are that banks still have weak areas within AML compliance. Even recognised red flag areas such as off shore havens, large wire transfers and front companies are still being used. The largest gaps still appear to be due diligence and beneficial ownership information.Research limitations/implicationsThe research topic is very new and emerging topic; therefore, analysis papers and other academic writing on this topic are limited.Practical implicationsThe research paper has identified a number of implications for the banking sector, addressing AML deficiencies, especially the need to consider the source of funds and the need for further enhanced due diligence systems for politically exposed and influential people and the importance of beneficial ownership information.Social implicationsThis paper has implications for the international development and the global banking sector. It will also influence approaches to AML regulation, risk assessment and audit within the broader financial services sector.Originality/valueThe originality of this paper is the link between the emerging issues associated with allegations of bribery and corruption within FIFA and the illicit financial flow implications across the banking sector.

Climate Change and Entrepreneurial Financing

2021 ◽  
pp. 399-410
Author(s):  
Ayansola Olatunji Ayandibu ◽  
Makhosazana Faith Vezi-Magigaba
Keyword(s):  
Climate Change ◽  
Financial Services ◽  
Developing Economies ◽  
Climatic Conditions ◽  
Services Sector ◽  
Financial Services Sector ◽  
Sustainable Economy ◽  
Entrepreneurial Financing ◽  
The Impact ◽  
Gain Access

Entrepreneurs in emerging and developing economies face many challenges curtailing their ability to finance and grow their business ventures. Climate change provides new opportunities for entrepreneurs to gain access to finance and contribute toward more climate-resilient economies. The objective of this chapter is to outline the dimensions of entrepreneurial financing that are sensitive to levels of climate change with emphasis on the financial services sector's role in reacting to these changes. An analysis of current extant literature will be explored, and evidence supporting effective entrepreneurial financing will be used to develop a theoretical framework for climate change and entrepreneurial financing to foster a more climatic conditions-sustainable economy. The literature in this chapter indicated the need for establishing the impact of climate change on entrepreneurial financing in the financial services sector in order to provide recommendations that can direct funding more effectively towards climate-resilient activities and a more climatic conditions-sustainable economy.

The Evolution of Fraud Intelligence

2011 ◽  
pp. 261-283
Author(s):  
David Porter
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Information Assurance ◽  
Fraud Detection ◽  
High Quality ◽  
Services Sector ◽  
Detection Systems ◽  
Financial Services Sector

This chapter discusses the latest innovations in fraud detection, with a particular focus on insider fraud and organized fraud. It argues that as fraud continues to grow at an alarming rate across the financial services sector, the constant evolution in fraudster behavior means that financial institutions need to keep their technology-based countermeasures constantly updated, particularly given the increasing involvement of serious organized criminals. In addition to upgrading their current operational detection systems, this chapter aims to encourage organizations to improve current levels of data and information assurance in order to ensure the generation of high quality intelligence on the enemy, and to adopt a structured framework for better understanding and describing exactly what we mean by “intelligence.”

scholarly journals Ethical Finance in Britain: A Neglected Prerequisite for Sustainability

2003 ◽  
Vol 5 (2) ◽  
pp. 109-133 ◽  
Author(s):  
Benjamin J. Richardson
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Financial Services ◽  
Environmental Law ◽  
Capital Allocation ◽  
Environmental Pressures ◽  
Development Patterns ◽  
Services Sector ◽  
Financial Services Sector ◽  
Ethical Finance

Financial institutions play a central role in capital and debt markets, providing the finance that shapes development patterns, and thus environmental pressures. Environmental law has traditionally focused on development itself, but not the capital allocation function. Consequently, the underlying market dynamics and growth imperatives are not adequately addressed. To achieve sustainable development in Britain, new legal tools and policies to promote ethical financing in the financial services sector are necessary. This article explains why ethical financing is important to sustainability, surveys the range of financial institutions in Britain relevant to ethical finance, and makes recommendations to improve the regulatory and institutional context for financing sustainable development.

scholarly journals ‘Won't get fooled again’: How personal values shape leadership purpose, behavior and legacy

2019 ◽  
Vol 25 (03) ◽  
pp. 414-429
Author(s):  
Emma Watton ◽  
Scott Lichtenstein ◽  
Paul Aitken
Keyword(s):  
Recent Work ◽  
Financial Services ◽  
Personal Values ◽  
Interview Data ◽  
Senior Managers ◽  
Services Sector ◽  
Financial Services Sector ◽  
Personal Value ◽  
The Impact

AbstractWhile much has been documented about the construction of an individual's personal values, very little attention has been paid to how personal values connect with core aspects of leadership such as purpose, behavior and legacy. Through an expansion of Ken's recent work on this topic, the authors explore the impact of personal values-led leadership. A model of how personal values shape leadership purpose, behavior and legacy is introduced. These dimensions are then illuminated through interview data from senior managers from the financial services sector. The personal value impacts are examined in the context of the literature and implications for organizations and managers are drawn together.

scholarly journals Can Sound Corporate Governance Alleviate Corporate Failure? A Study of the Zimbabwean Financial Services Sector

2017 ◽  
Vol 9 (2(J)) ◽  
pp. 88-95
Author(s):  
Banele Dlamini ◽  
Julius Tapera ◽  
Shynet Chivasa
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Financial Services ◽  
Ordinary Least Squares ◽  
Policy Makers ◽  
Corporate Failure ◽  
Services Sector ◽  
Financial Services Sector ◽  
Good Corporate Governance ◽  
Governance Practices

This study, using the Ordinary Least Squares (OLS) Regression Model, investigated the extent to which good corporate governance practices can minimise or alleviate corporate failure in the Zimbabwean Financial Services Sector. The results of the study reflected that sound corporate governance has a positive effect on corporate success and can alleviate corporate failure. It is thus recommended that financial institutions continuously adhere to sound corporate governance practices to guarantee corporate success and alleviate the collapse of financial institutions as has been witnessed in the past. The findings of the study will assist policy makers, regulators and players in the financial services sector to adhere to sound corporate governance practices, given its impact on corporate success. Further research could be carried out with regards the implementation of sound corporate governance in parastatals, quasi-government institutions and private sector companies in other sectors other that the financial services sector and how it can be monitored or enforced.

IT Outsourcing Strategies

2011 ◽  
Vol 2 (3) ◽  
pp. 27-39 ◽  
Author(s):  
Siva Prasad Ravi ◽  
Ravi Kumar Jain ◽  
Wei Song
Keyword(s):  
Financial Services ◽  
Developed Countries ◽  
It Outsourcing ◽  
It Services ◽  
Organizational Strategies ◽  
Services Sector ◽  
Financial Services Sector ◽  
Private And Public ◽  
Banking Institutions ◽  
Outsourcing Strategies

Several studies pertaining to outsourcing in the banking and financial services sector in developed countries show a gradually growing trend of outsourcing among banking and financial organizations, both in terms of nature and scope of activities outsourced. Outsourcing of Information Technology (IT) services to achieve competitive advantage has become a key part of the organizational strategies in the banking industry. However, not many studies focus on outsourcing trends and practices of banking industries in developing countries like India and China. The present paper investigates the trends in IT outsourcing (ITO) practices among the private and public sector banking institutions in India and makes a comparative analysis of these practices with reference to four importantt dimensions of outsourcing, shoring, sourcing, engagement and duration.

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