Managing Bank Operations Risk So we have had another massive loss at a major bank. The unfolding Société Générale loss may be the biggest (so far), but it is neither the first not the last. Jerome Kerviel seems set to join a notorious band of rogue traders such as Nick Leeson and Toshihide Iguchi.And the funny thing is that despite all the hand wringing and accusations leveled at its newly exposed rogue trader, the management...... Similar Editorial : Managing Stress by Lorraine Pirihi. | Source : Saving Money For College
Managing Bank Liquidity In Real Time Just a decade ago the concept of bank liquidity was for all intents and purposes only one for the Bank Regulator to really concern himself with. Certainly, a bank had to remain liquid – a critical factor if it were to continue to enjoy the confidence of its depositors – but this criticality was more an “after the event” issue than a live drama that unfolds in real time.Then banks enjoyed a high...... Similar Editorial : Managing Your Bank Accounts by Joseph Kenny. | Source : Saving Account Interest Rate
What Is A Payment System? What is a payment system? I am reminded of lengthy debates around the office on just this question - and the heated and, at times, passionate discussion that ensued. My antagonist, who is also my partner, took one view and I took the other. The thrust and parry of the dialogue ebbed and flowed … long into the night over innumerable cups of coffee. The Bank for International Settlements (BIS)...... Similar Editorial : Mortgage Payment Behind by Barbara Gibson.. | Source : Payments Services
Business Continuity And Payment Systems The Bank for International Settlements definition of a payment system states; “A payment system consists of a set of instruments, banking procedures and, typically, interbank funds transfer systems that ensure the circulation of money” (From “A glossary of terms used in payments and settlement systems”, Committee on Payment & Settlement Systems. BIS, Basel. March 2003). Despite this we...... Similar Editorial : Sme Business Continuity by Mike Abel. | Source : Payments Services
