Zand’s Post

Sovcombank plans to take over Home Bank in H1 2025 Sovcombank received the authorization of the Bank of Russia to buy Home Bank in March 2024 MOSCOW, August 15/ Sovcombank plans to take over Home Bank in the first half of 2025, Managing Director Andrey Osnos told reporters during the teleconference. "We are to transfer card products in the third quarter of 2024 and retail deposits to Sovcombank; it is actually closer to the takeover. To create a single call center, a single app on Sovcombank base - this will be done by the end of the year. The last element is the legal merger in the first half of 2025 of Home Bank with us," Osnos said. Sovcombank received the authorization of the Bank of Russia to buy Home Bank in March 2024. The bank is going to complete the deal by the end of this year and perform a rebranding of Home Bank. #business #finance #financialservices

Fortify Your Financial Institution Against Future Liquidity Crises One year after the liquidity crises that impacted US regional banks and Credit Suisse, the financial sector is committed to strengthening defenses. New regulations like the five-day liquidity coverage ratio (LCR) aim to ensure better preparation for rapid deposit outflows and mitigate risks during bank runs. ActiveViam’s Atoti platform empowers institutions with advanced analytics, scenario planning, and stress testing to navigate these new landscapes effectively. Don’t leave your liquidity strategy to chance. Discover how Atoti can enhance your approach to managing liquidity and collateral risks: https://lnkd.in/eHpxXC39 #LiquidityRisks #ActiveViam #FinancialStability #BankingCrisis #RiskManagement #StressTesting #HQLA

Using the past to explain the future has bias; your full exposures risk repriced instantly can better predict your liquidity. Trust me !

The Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have formalised a pivotal agreement, reinforcing the UAE's ambition to become a global leader in the virtual assets sector. This partnership establishes a unified regulatory framework aimed at fostering growth, stability, and investor confidence while ensuring compliance with anti-money laundering and other critical regulations. The agreement emphasises mutual oversight, information sharing, and joint training initiatives, reflecting a shared commitment to advancing a sophisticated and interoperable virtual assets market. This collaboration aligns with the UAE’s vision to build a resilient, forward-thinking financial landscape, further positioning the nation as a premier hub for the future of finance. View the full press release for more details: https://lnkd.in/dW5Jb6jN #VARA #DubaiRegulations

Impressive move by UAE ! This collaboration between SCA and VARA sets a strong foundation for a secure and transparent virtual asset ecosystem. It's great to see the UAE leading the way in digital innovation and fostering a regulatory environment that promotes both growth and investor confidence. Exciting times ahead for the virtual asset sector ! #SCA#regulatorycompliance

I dunno how to feel about Ameriabank CJSC acquisition From one side, I am aware that it was the aim all along the way From another side, I feel the valuation is too low for a bank with such widespread across #Armenia, leading loans’ market share with 19.6% and second leading deposits market share of 17.3 % behind Ardshinbank CJSC with 17.7% it almost feels like really bad utilization of the market yet I don’t have all the data to judge It feels that the entire banking market in #Armenia is either undervalued or some missing data points that we are not aware of On other hand, I see opportunity in Bank of Georgia backed by JPMorgan Chase & Co. M&G plc bringing more options to #Armenia regardless of the deposits limitation We will have to wait and see

Zopa Bank is taking credit assessments to the next level by integrating ClearScore’s D•One. Check out the latest news:- https://lnkd.in/geYBawtf #Fintech #CreditAssessment #Zopa #ClearScore #Innovation #FinancialServices

Will Great Eastern have better luck with Anwar Ibrahim in 2023, or will the proposed acquisition of AmMetLife be a replay of the 1997 Pacific Bank debacle? https://lnkd.in/g5gKrSt7 The background to the 1997 Pacific Bank debacle, by Ganesh Sahathevan, The Sun, 6 June 1996

Good morning/afternoon/evening - Please download our most recent #Cappitech #regulatoryreporting blog from our colleague Ron F. covering the #ESMA 4th annual #dataquality report on #EMIR #SFTR and #MiFIR. With #EMIRRefit go-live this weekend, we'll all too soon be gearing up for implementation of the #MiFID amendments which were adopted by the Council of the EU on 24/Feb and entered into force on 28/Mar. The 18 month clock now ticking for member states to implement these changes. Don't hesitate to reach out to regreporting@spglobal.com for guidance and assistance in any of your #tradeandtransaction reporting needs for the regimes above as well as the rest of the global regimes which have changes on the near, and "not too distant" horizon - #EMIRUK #MAS #ASIC #HKMA #CFTC #CSA and of course #SEC 10c-1 #regreporting #regtech #fintech #compliance #JFSA

#aml #antimoneylaundering #moneylaundering #financialcrime #fincrime Have you heard of the “Dubai-Kong Axis”? Check out page 11 of the report linked within the article - it outlines a shift from London to the Dubai-Kong Axis, as they have labelled it, when it comes to sanctioned financial networks. Check it out plus much more on The Laundry® at: thelaundrynews.com