Quote for Reflection; "The first instinct cast the Bank as an understanding outsider: it should ask a client government what its objectives were and figure out a way to help, partly by offering expert advice and partly by offering money. The second instinct placed the Bank in the role of demanding advocate: it knew that sound governance mattered to development, so it should press its clients to train judges, improve government transparency, and generally combat corruption." -Mallaby, Sebastian. The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations #development #worldbank #IFIs #bookquotes https://lnkd.in/g9pNS5vu
Ismail Manik’s Post
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After a decades-long stalemate, the debate about the legitimacy and desirability of fractional reserve banking has been definitively settled by our paper on the subject. #FractionalReserveBanking has been a thorny subject of debate in economics. Over the years, both camps have presented arguments without conclusively disproving the opposing viewpoint, resulting in a decades-long stalemate on this complex and contentious issue. This paper has brought much-needed clarity, ending the longstanding controversy by demonstrating that fractional reserve banking is ruinous and doubly fraudulent: https://lnkd.in/dcSQshEA Dive into the updated version of this debate-settling work to learn more about this model, a crucial part of existing banking and monetary systems. —— PS: Explore our website for more insights and opportunities for you to contribute: www.afrindependent.org #Africonomics #economics #africa #philosophy #ethics #socialsciences #banking #centralbanks #monetarypolicy
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Compliance is often viewed through the lens of obligation rather than opportunity. However, this perspective overlooks the strategic value that robust compliance can bring. 📈🌟 📌 Find out how community banks can transform compliance from a perceived cost into a strategic investment here: https://lnkd.in/e3G4d-QA #communitybanks #communitybanking #compliancemanagement #investingincompliance #regulatorycompliance
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The more you learn the more you get. Mission is DONE. Workshop with Prudential. 02-03-Dec-2023 #WingBank 🤝 #Prudential
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Is my foreign trustee safe? 🤔 Well, yes! The safety of having a foreign trustee largely depends on various factors. But for the most part, foreign trustees work with wealthy individuals and have a strong incentive to maintain a positive reputation and adhere to legal and ethical standards. 🌎 #assetprotection #foreigntrustee #wealthtips #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust
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🔒 Asset Protection Attorney at Blake Harris Law 🌎 I create Offshore Trusts to protect assets from lawsuits. 📍 Miami | 40+ countries 📰 Seen in: Forbes, MarketWatch & more!
Is my foreign trustee safe? 🤔 Well, yes! The safety of having a foreign trustee largely depends on various factors. But for the most part, foreign trustees work with wealthy individuals and have a strong incentive to maintain a positive reputation and adhere to legal and ethical standards. 🌎 #assetprotection #foreigntrustee #wealthtips #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust
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Senior Counsel at Legal Department- Financial and Fiscal Law Division, International Monetary Fund
Our newest publication is out: “Resolving Opaque Bank Ownership and Related-Party Exposures”. I am privileged to be a member of the authoring team that prepared this technical note and manual, a collaboration of the IMF's Legal Department, and Monetary and Capital Markets Department. The paper is accessible from the below link. Please feel free to share it with your friends, colleagues, and connections: https://lnkd.in/e3Gz3j3A Opaque ownership and abuse of bank resources by related parties may arise for several reasons and reach levels that threaten the stability of individual banks and the financial system. Building on international standards and helpful country practices, this note presents a three-pillar approach that IMF staff recommends to banking authorities seeking to address such opacity and abuses, especially in the context of a comprehensive financial sector restructuring strategy. #bankinglaw; #bankingregulations; #Basel #banks; #licensing; #supervision; #financialcrisis; #resolution; #corporategovernance; #corporatelaw; #accountability; #amlcft; #financialcrimes
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This paper offers a diagnostic framework and remedial actions including in financial sector restructuring and resolution. Great work by #IMF colleagues Edda Rós Karlsdóttir, Rachid Awad, Ender Emre, Alessandro Gullo, Aldona Jočienė, Constant Verkoren #amlcft #financialcrisis #bankresolution #financialcrime
Senior Counsel at Legal Department- Financial and Fiscal Law Division, International Monetary Fund
Our newest publication is out: “Resolving Opaque Bank Ownership and Related-Party Exposures”. I am privileged to be a member of the authoring team that prepared this technical note and manual, a collaboration of the IMF's Legal Department, and Monetary and Capital Markets Department. The paper is accessible from the below link. Please feel free to share it with your friends, colleagues, and connections: https://lnkd.in/e3Gz3j3A Opaque ownership and abuse of bank resources by related parties may arise for several reasons and reach levels that threaten the stability of individual banks and the financial system. Building on international standards and helpful country practices, this note presents a three-pillar approach that IMF staff recommends to banking authorities seeking to address such opacity and abuses, especially in the context of a comprehensive financial sector restructuring strategy. #bankinglaw; #bankingregulations; #Basel #banks; #licensing; #supervision; #financialcrisis; #resolution; #corporategovernance; #corporatelaw; #accountability; #amlcft; #financialcrimes
Resolving Opaque Bank Ownership and Related-Party Exposures
imf.org
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Some highlights from our recent financial literacy session with AIESEC from University of Nairobi. We had a fun and insightful session exploring the dynamics of investing on the Nairobi Securities Exchange 🇰🇪📈 #money #bonds #financialliteracy
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If you follow #banking news, you may be interested in our latest Community Banking Bulletin. It provides a review of securities portfolio losses at community #banks, both unrealized and realized: https://bit.ly/3SwhB4l #CommunityBanks #Securities #Finance #Economy #Economics
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Black Knight Media Ltd - Securities Finance Times - Asset Servicing Times - Captive Insurance Times
GFF: Financial institutions need to be prepared for potential volatility in 2024. The panellists emphasised the need for risk mitigation strategies due to geopolitical and economic uncertainties https://lnkd.in/exCbDF9G #SecuritiesLending #banking
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