Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates’ Post

#Banks must focus on relationships to regain trust | Leading #commercialbanks are focusing on their approach to #relationshipmanagement to reassure #corporate customers that they are being listened to | #transactionbanking #treasury http://spr.ly/6043XJXfb

US regulators seek info on bank-fintech relationships "...US banking regulators have issued a warning on the potential risks associated with third-party deposit arrangements and made a call for more information on the relationships between lenders and fintechs. In a joint statement, the Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency have put out a request for information on a broad range of bank-fintech arrangements, including with respect to deposit, payments, and lending products and services..." #regulators #fintech #bank #relationships #partnering #3pdeposits Finextra _________________________________ If you want to immediately see new content that I curate 👉🏻 Ring my bell (🔔) and follow #informationbanker or Informationbanker and if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"

The Spring edition of Brief Banking Bites (BBB) looks at hot topics in the world of finance and highlights some of the recent deals we have been involved in. Contributions from Sophie Stone, Kath Shimmin, Darryn Harris, Oliver Storey-Harris, Jessica Hooper, Martin Kay, Andrew Stevens and James Robinson provide insight on topics such as: * Why anti-money laundering matters * The key points for security, dissolution and disclaimers * What borrowers need to know about loan agreements * Investigations into mis-sold car finance * Phase 1 of the Economic Crime and Corporate Transparency Act 2023 * The Private Intermittent Securities and Capital Exchange System You can read BBB here: https://lnkd.in/eVYsXT2U #Banking #Finance #LegalAdvice #Deals

Take a look at our regular Banking & Finance update - Brief Banking Bites

This morning, I came across quite an interesting article. I'm curious on whether a #mutual fund such as this would pose a great #credit risk for its commercial #investors and #users. A question such as, how explicit and transparent would a company like Old Mutual have to be about its credit #risk on the #balance sheet, especially when it may depend on certain long-term assets for its #future commercial banking obligations. #finance #banking #credit #risk #sustainability #commerical #fin #law #customer #safety

How greedy must you be? This is how the largest bank can become irrelevant.. Anyone with Chase should leave if this happens. #news #bankingnews #change #finance #financenews

In its ongoing effort to tighten oversight of the relationships between banks and nonbanks, the Federal Deposit Insurance Corporation (FDIC) has issued a proposal to strengthen recordkeeping for custodial deposit accounts. This Perkins Coie Update provides a breakdown of the Proposal and its practical implications for fintechs and their bank partners. #Fintech #InvestmentManagement #DigitalAssets #FDIC

🔍 ASIC Takes Action: $28 Million in Inappropriate Fees The recent article from Investor Daily highlights a significant development: ASIC has put banks on notice over $28M in inappropriate fees. This serves as a crucial reminder of the importance of transparency and accountability in the financial sector. 📉 Key Takeaways: -ASIC's action underscores the necessity for banks and financial institutions to maintain rigorous oversight and compliance practices. -The identification of inappropriate fees indicates potential lapses in internal controls, which can erode client trust and damage reputations. -For advisers, this scenario reinforces the need to advocate for our clients, ensuring they receive fair treatment and are not subjected to unjust fees. 💡 Advice for Clients: -Regularly review your financial statements and stay informed about the fees you're being charged. -Don't hesitate to question any charges that seem unclear or unwarranted. -Seek guidance from your financial adviser to understand fee structures and ensure you're receiving value for your money. 📈 Looking Ahead: -The financial industry's integrity is paramount. By holding institutions accountable, we can strive for a more transparent and fair marketplace. -As advisers, our role is to safeguard our clients' interests and advocate for practices that promote trust and confidence in the financial system. -Stay informed and vigilant, and let's continue to push for a financial landscape where integrity and client-centricity are at the forefront. #FinancialAdvisory #ASIC #Banking #ClientAdvocacy #Transparency

#FDIC #ConsentOrders Highlight #FinTech #Risk in #Financial #SupplyChains #financialservices #banking #payments #finops #digitaltransformation #nyfintechweek #SeamlessDXB #DubaiFinTechSummit #BackbaseEngage https://lnkd.in/gY8c-gtg

In its ongoing effort to tighten oversight of the relationships between banks and nonbanks, the Federal Deposit Insurance Corporation (FDIC) has issued a proposal to strengthen recordkeeping for custodial deposit accounts. This Perkins Coie Update provides a breakdown of the Proposal and its practical implications for fintechs and their bank partners. #Fintech #InvestmentManagement #DigitalAssets #FDIC