The hottest Financial Institutions Substack posts right now

And their main takeaways
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Presidential Election Puts El Salvador’s Bitcoin Future at a Crossroads

Bitcoin Magazine Pro • 432 implied HN points • 02 Feb 24
🌍 World Politics Bitcoin Presidential Election Financial Institutions International relations
  1. El Salvador's presidential election will determine the future of Bitcoin in the country.
  2. Nayib Bukele's re-election is crucial for Bitcoin's support in El Salvador.
  3. Bitcoin's presence in El Salvador faces challenges but is expanding through initiatives like tourism and mining infrastructure.

Artificial Intelligence: European Union AI Act and its implications for finance

The Fintech Blueprint • 471 implied HN points • 23 Jan 24
💰 Finance Regulation Technology Compliance Financial Institutions AI
  1. The European Union AI Act categorizes AI systems into various risk levels and imposes strict regulations to ensure transparency, safety, and non-discrimination in financial services.
  2. Financial institutions using AI for customer data analysis and fraud detection must comply with the EU AI Act by ensuring accurate, unbiased decisions that are explainable to both customers and regulators.
  3. Complex AI systems like Large Language Models (LLMs) pose challenges in transparency and trust, requiring new methods to interpret decision-making and align with the EU regulations.

Chasing the Smugglers

False Positive • 59 implied HN points • 07 Dec 23
🌍 World Politics Export Controls Sanctions Financial Institutions
  1. Export controls are increasingly important due to the risk of dual-use technology being misused for military purposes.
  2. The enforcement of export controls can be enhanced by following the money trail through financial institutions.
  3. There are challenges in relying on financial institutions to detect export control violations due to issues like lack of expertise and practical challenges.
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Binance and the Trojan Horse

False Positive • 39 implied HN points • 27 Nov 23
💰 Finance Cryptocurrency Regulation Money Laundering Compliance Financial Institutions
  1. Nested accounts play a crucial role in facilitating financial crime by providing anonymity and allowing funds to move across borders through complex networks.
  2. Financial institutions and regulators face challenges in monitoring nested accounts and ensuring compliance with anti-money laundering regulations, risking involvement in criminal activities.
  3. Intermediaries like nested accounts in the crypto world increase regulatory control but also create complexities that could make it harder to detect and prevent financial crimes.

The Death of First Republic?

Apricitas Economics • 57 implied HN points • 29 Apr 23
💰 Finance Banking Deposits Assets Federal Reserve Financial Institutions
  1. First Republic is facing a financial crisis and potential FDIC takeover due to significant uninsured deposit withdrawals.
  2. The bank's investments in long-duration assets like real estate loans have suffered as interest rates rose.
  3. The broader US banking system remains stressed with decreasing deposits and increased borrowing, impacted by the inverted yield curve and changing depositor dynamics.

How the Banking System Changed Post-SVB

Apricitas Economics • 32 implied HN points • 05 Jun 23
💰 Finance Banking System Economic Analysis Financial Institutions Risk management Monetary Policy
  1. After the collapse of Silicon Valley Bank, the American banking industry is adapting by relying less on uninsured deposits and more on alternative funding methods like borrowings.
  2. Deposits have restabilized post-SVB crisis, but banks are facing challenges with tight lending standards due to renewed economic pessimism and liquidity concerns.
  3. Banks are cautiously navigating post-SVB crisis by reducing reliance on uninsured deposits, managing securities losses, and addressing liquidity worries amid tighter monetary policy.

Secession Goes Local

mainstreetjournal • 19 implied HN points • 06 Apr 23
💼 Business Entrepreneurship Financial Institutions Wealth Building
  1. A Silver Tsunami poses a threat as 2.9 million small business owners retire, impacting jobs and GDP
  2. Initiatives like worker ownership plans and New Majority Capital's efforts are emerging to support businesses under new local ownership
  3. Issues in banking, such as the collapse of Silicon Valley Bank and Black-owned banks decreasing, highlight the need for new local banks, especially for communities of color

Alert: Central Bank of Nigeria Circular CCD/GUI/01/20-10-2021

RegAlert • 0 implied HN points • 20 Oct 21
💰 Finance Regulations Financial Institutions Entrepreneurship Guidelines
  1. The Central Bank of Nigeria issued a circular about the Guidelines for the Implementation of Tertiary Institutions Entrepreneurship Scheme (TIES). Financial institutions must provide compliance details, student participation numbers, report challenges, and maintain communication with authorities.
  2. The circular emphasizes the importance of adherence to the guidelines set forth for the Tertiary Institutions Entrepreneurship Scheme (TIES).
  3. Financial institutions are urged to engage in open communication with the relevant authorities regarding the implementation of the Tertiary Institutions Entrepreneurship Scheme (TIES).

Alert: Central Bank of Nigeria Circular OFI/DOA/LTT/CON/002/138

RegAlert • 0 implied HN points • 08 Oct 21
💰 Finance Regulatory Compliance Central Bank Financial Institutions Nigeria
  1. All Other Financial Institutions in Nigeria must prepare their annual financial statements according to International Financial Reporting Standards (IFRS) starting from the 2021 financial year.
  2. The Central Bank of Nigeria will no longer accept financial statements that do not comply with IFRS, and non-compliance will lead to penalties.
  3. OFIs adopting IFRS for the first time must follow IFRS 1 for first-time adopters to ensure compliance.

Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/011/091

RegAlert • 0 implied HN points • 09 Jul 21
💰 Finance Regulations Risk management Financial Institutions
  1. Financial institutions in Nigeria must follow the regulatory framework for mobile money services to ensure transaction safety.
  2. Institutions need to strengthen their risk management systems for mobile money operations.
  3. Cooperation with the Central Bank of Nigeria is necessary to provide important data for oversight of mobile money transactions.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/01/001

RegAlert • 0 implied HN points • 03 Mar 21
💰 Finance Regulatory Central Bank Covid-19 Impact Interest Rates Financial Institutions
  1. Central Bank of Nigeria has extended reduced interest rates for another twelve months on CBN intervention facilities.
  2. Financial institutions can roll over moratorium on CBN intervention facilities on a case-by-case basis.
  3. Regulatory forbearance measures are in place for restructuring credit facilities impacted by COVID-19.

Sec-UN Releases "Greater Bay Area Financial Security Journal”Volume 1

CyberSecurityMew • 0 implied HN points • 30 May 23
🕹 Technology Cybersecurity Fintech Digital economy Financial Institutions
  1. The Greater Bay Area in China's Pearl River Delta is a key hub for financial innovation and digital economic growth.
  2. Financial institutions are facing increasing cybersecurity challenges due to the growth of financial technology, requiring a focus on security during digital transformation.
  3. The 'Greater Bay Area Financial Security Journal' offers insights from cybersecurity practitioners to enhance protection and drive sustainable financial innovation in the industry.

Understanding the Bank Term Funding Program: A Lifeline for Failing Banks Explained in Simple Terms

The Tweetsift Report • 0 implied HN points • 13 Mar 23
💰 Finance Banking Federal Reserve Funding Financial Institutions Economy
  1. The Bank Term Funding Program helps failing banks by allowing them to borrow from Federal Reserve using securities as collateral.
  2. The program has a fixed interest rate and no fees, with credit protection from the Department of the Treasury.
  3. Federal Reserve supports banks through additional funding, monitoring financial system, and providing safety nets for stability.

Future of Transition Finance

Helix • 0 implied HN points • 26 Jan 24
💰 Finance Market research Financial Institutions
  1. Market research report on transition finance launched on 23rd Jan 2024 with the participation of asset owners, managers, institutions, corporates, policymakers, and analysts.
  2. Engaged audience used live polling for responses to findings and recommendations.
  3. Subscription access to Helix.Earth platform now available, offering advisory and training services, with successful onboarding of customers.

Alert: Central Bank of Nigeria Circular FMD/DIR/PUB/CIR/001/008

RegAlert • 0 implied HN points • 28 Dec 23
💰 Finance Regulatory Compliance Banking Financial Markets Financial Institutions
  1. Financial institutions in Nigeria must submit their financial market transaction signature mandate to the Central Bank of Nigeria's Financial Markets Department, detailing authorized dealers, dealing mandates, transaction limits, and annual review requirements.
  2. The signature mandate should include full names, designations, level of authority, and transaction limits of authorized officers, with any changes promptly communicated. Submissions are due by January 12, 2024.
  3. This circular FMD/DIR/PUB/CIR/001/008 emphasizes the importance of transparency, accountability, and clear communication within financial institutions regarding financial market transactions and authorized officers.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/LTR/001/002

RegAlert • 0 implied HN points • 23 Dec 22
💰 Finance Regulatory Alerts Financial Institutions
  1. Financial institutions must follow updated lists of countries under increased monitoring and high-risk jurisdictions by the Financial Action Task Force, including the Democratic Republic of Congo and Myanmar.
  2. FATF recommends a risk-based approach when engaging with these countries, which financial institutions are expected to implement in their dealings with entities from these jurisdictions.
  3. A central bank circular in Nigeria, FPR/DIR/PUB/LTR/001/002, provides additional information and guidelines related to these financial regulations.

Alert: Central Bank of Nigeria Circular CPD/GEN/GUIDE/01-2020

RegAlert • 0 implied HN points • 27 Jan 22
💰 Finance Regulations Banking Financial Institutions Charges Transactions
  1. Revised guide from Central Bank of Nigeria on bank charges includes lower fees for electronic transactions and aligning other charges with market trends.
  2. New sections added to the guide emphasize accountability, responsibility, and a sanction regime for dealing with excessive, unauthorized, and random charges.
  3. Financial institutions are required to comply with the updated guide starting from January 1, 2020.