Personalia

Theodoros Kringou

Founder and Managing Director, Infocredit Group Ltd and ICG Middle East Commercial Services DMCC (Dubai, U.A.E.)
Theodoros Kringou, a self-made entrepreneur is the Founder and Managing Director of Infocredit Group Ltd and ICG Middle East Commercial Services DMCC (Dubai, U.A.E.).
Personalia

Ken van Ierlant

Digital Thought Leader
Member of the Board of Directors of UpGen. Experienced CEO / CDO / CIO in the field of transformation processes within internationally oriented companies.
Personalia

Marta Andreeva

Global Compliance Program Specialist at Crypto.com since July 2020
Marta is passionate about developing a culture of compliance, increasing awareness and coaching and mentoring others.

Delta Lloyd to sell German life business

17 January 2015

Delta Lloyd NV recently announced the sale of its German life business to Athene Holding Ltd. (“Athene”). Athene is a Bermuda-based insurance holding company and, through its subsidiaries, is a leading provider of products in the retirement savings market in the USA. In 2010, Delta Lloyd’s German life business stopped selling new business and has since been in run-off.

Continue reading…

Bruno Colmant

Bruno Colmant

Head of Macro Research Bank Degroof Petercam

DEFLATION AND LOW INTEREST RATES: A THREAT TO THE BANKS

11 January 2015

The real danger lying in wait for the commercial banks is the low level of interest rates which, combined with risk limitation requirements, curbs their potential profitability. Moreover, the banks are facing major operational challenges, as they have to bear the operating costs of two retail channels (physical and digital) at a time of recession.

Continue reading…

Lithuania and the euro

01 January 2015

The euro entered circulation in Lithuania today, bringing the number of European Union (EU) Member States using the single European currency to 19. “On behalf of the Governing Council of the European Central Bank, I welcome this further enlargement of the euro area. Lithuania has taken exceptional measures in difficult times to reach its goal of joining the single currency,” Mario Draghi, President of the ECB, said.

Continue reading…

Revisions to the Standardised Approach for credit risk

24 December 2014

The Basel Committee is considering replacing references to external ratings, as used in the current standardised approach, with a limited number of risk drivers that provide a meaningful differentiation for risk. These alternative risk drivers vary based on the particular type of exposure and have been selected on the basis that they are simple, intuitive, readily available and capable of explaining risk across jurisdictions. The Basel Committee on Banking Supervision has released recently a consultative document on Revisions to the Standardised Approach for credit risk.

Continue reading…

Compliance challenges in alternative payments

16 December 2014

Alternative payments are the most active and complex ecosystem in financial services today. A quick look at AngelList recently showed a bewildering 1,477 payments startups. These include many familiar names like Square (m-POS) and The Currency Cloud (international payments) to newer entrants such as Coin Drive (stored value exchange), OpenCuro (secure payments), and niche players like LeaguePals (which bills itself as the “PayPal of League Bowling”). 238 of these start-ups are providing various services around cryptocurrencies, including 134 companies focused on Bitcoin. Continue reading…

Bank of England announces measures to bolster transparency and accountability

13 December 2014

The Bank of England recently published an independent report by former Federal Reserve Board Governor Kevin Warsh, following his review of the Monetary Policy Committee’s (MPC) transparency practices and procedures. The Bank also announced a series of significant transparency, accountability and governance enhancements designed to put the Bank at the forefront of international best practice and enhance its ability to fulfil its mission to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. Continue reading…

ESMA to cooperate with Australian regulators on CCPs

07 December 2014

The European Securities and Markets Authority (ESMA), the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU). The MoU establishes cooperation arrangements between the signatory authorities regarding Central Counterparties (CCPs) that are established in Australia and have applied for recognition under EMIR. The MoU is effective as of 27 November 2014.

Continue reading…