Canadian HR Reporter’s Post

The private credit market is changing dramatically as it expands. In this week’s edition of The Markets Minute by Coalition Greenwich (a division of CRISIL), Gaurav Arora outlines how the market is evolving and how banks are responding as the operating model is likely to evolve in this space..  #Banking #PrivateCredit #syndicatedlending #Fees #Revenue   Learn more ➡ ContactUs@greenwich.com | https://lnkd.in/g96qXhjV

Looking to the future, many customers remain hopeful that the Consumer Duty will have a significant impact on how firms interact with them. This is an opportunity for the Bank. #consumerduty #behaviouraleconomics #personalisation #digitalbanking

Recent testimony by Jerome Powell in Washington confirms that Basel III rules will be materially changed and re-proposed (meaning the US rules will again go through a public consultation). And what is Canada to do? A one year delay is too little, too late. Here is my take on what Canada needs now: #Baseliii #banking #baselendgame #cdnpoli #cdneco #compliance https://lnkd.in/gd-2Qqz4

By the time the announcements had crossed the 50% mark of the figure we have today, the screaming and joy of empowerment had left my mind and the ugly reality of what was taking shape was beginning to evolve in my head. In discussions with key elements in the sector, further strengthened my resolve that this was a deliberate strategy to regain control of the banks by the owner managed oligarchs that were taken out by Sanusi. Simple. Joseph Edgar. #Banking #Economy #Business #Article

The upcoming Supreme Court ruling on national bank preemption presents a pivotal moment for the U.S. financial system. This seemingly esoteric legal issue holds considerable weight, potentially impacting the overall financial system and national economy. My latest piece for American Banker delves into the Office of the Comptroller of the Currency's history of preemption and the potential ramifications of an adverse ruling.

The #banking crisis in #Bangladesh is deeper than anyone imagined 🏦 Explore the challenges the financial sector is facing here 

Gerald Celente: Banking Crash of the Century Will Hit Post November Election "You're gonna see a banking crisis the likes of which we've never seen before,” warns Gerald Celente, American trend forecaster and publisher of the Trends Journal. He tells Daniela Cambone that U.S. society is in decline post-COVID, yet the people in power are incompetent to tackle the issues in front of our eyes—drug overuse, rising crime rates, and a decayed public transportation system. He also warns that banks are defaulting one after another, with insufficient coverage by mainstream media. "And now let's go back to when they dumped all this money into the system—when Trump and Biden dumped all this dough into the system to artificially prop up the economy during the COVID war, when they locked down everything. Interest rates were at zero. So now the banks own all these worthless treasuries," he explains. Celente further states that the banking crisis is going to crash global equity markets and the economy. He also predicts that the price of gold will reach $3,000 this year, given all the geopolitical risks and the uncertain economic landscape. Watch the powerful video to learn more about his views. https://lnkd.in/dkTTDMRM

Banking history | Bank Failures and Economic Activity: Evidence from the Progressive Era, by Richardson, Del Angel & Gou, as a NBER WP. https://lnkd.in/ddg2nCpD

https://lnkd.in/eEqUBJUj. "The goal of supervision is not to prevent all bank failures. In a market economy, poorly run firms should go out of business. Similarly, the goal of supervision is not to tell a bank that its business model may not work; the market will do that" #bankingindustry #regulatoryaffairs #supervision #riskgovernance #boardgovernance

What could be the implications of the first failure of a US bank in 2024? Is this an indication of more troubles ahead? I believe that banks need to strike a balance between their entrepreneurial drive and regulatory compliance, and it's always best to follow the prudent norms set by the regulators. As the proverb goes, 'In the multitude of counsels, there is safety'. https://lnkd.in/g_KMyfpY #LegalCompliance #Regulations #Banking