Tag: Banking supervision
“Financial system will weather the storm well”
President of the European Banking Federation, Ana Botín “The financial system is in a stronger position than before the 2008 crisis.” (Photo: © 2019 Bloomberg Finance LP) Paris The President…
Bafin orders additional equity
Solaris bank The headquarters of the Neobank in Berlin. (Photo: Solarisbank) Frankfurt The German financial regulator Bafin has prescribed higher equity for Solarisbank. The reason for the measure was a…
Unionpay as a way out for Russia’s banks?
Unionpay With a transaction volume equivalent to around 150 billion US dollars, Unionpay was the second largest payment network in 2020. (Photo: Reuters) Beijing After the withdrawal of Mastercard and…
German financial institutions stop making payments to VTB Bank Europe
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt According to…
According to VTB Bank Europe, it is not affected
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt One day…
According to VTB Bank Europe, it is not affected
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt One day…
Sanctions against seven Russian banks
The logo of the Russian VTB Bank The EU has excluded a total of seven banks from the Swift global payment system. (Photo: Bloomberg) Brussels, Frankfurt The EU officially issued…
European subsidiary of VTB Bank stops opening new accounts
The VTB Bank logo The VTB direct bank is a branch of the VTB Bank Europe SE and is under the supervision of the Bafin. (Photo: Reuters) Frankfurt The second…
Russia risk weighs heavily on western banks
Headquarters of Raiffeisen International Frankfurt The start of the week for Austria’s Raiffeisen Bank International (RBI) could not have been much more dramatic. The institute’s shares on the Vienna Stock…
13 banks & payment service providers are sticking with the EPI payment solution
Payments on the Internet EPI’s goal was to create its own payment system in order to become more independent of powerful US corporations such as Mastercard, Visa and Paypal. (Photo:…
Regulation takes on decentralized finance
Abstract code background Decentralized finance is a kind of shadow Wall Street that largely does without traditional intermediaries such as banks and stock exchanges. (Photo: DigitalVision Vectors/Getty Images) New York,…
EU tightens sanctions against Russia’s financial system – but not completely
Demonstration in London Broad wave of solidarity. (Photo: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over…
The sanctions against Russia are a threat to Europe’s banks
Frankfurt banking skyline The European money houses have to work their way through hundreds of pages of sanctions regulations – and must not make any mistakes in the implementation. (Photo:…
ECB tightens control of Russian bank subsidiaries in the EU
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…
EPI payment project on the verge of collapse: even savings banks have doubts
People’s Bank and Savings Bank There is contention in the struggle to set up a European payment system, EPI. Savings banks go to the cooperative banks. (Photo: picture-alliance / ZB)…
So sanctions could harm Russian banks
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…
So sanctions could harm Russian banks
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…
DZ Bank withdraws from the joint project
DZ Bank in Frankfurt The central institution of the Volks- und Raiffeisenbanken is withdrawing from the European Payments Initiative. (Photo: dpa) Frankfurt The construction of a new EU payment system…
How sanctions would hurt Russian banks
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…
How sanctions would affect Russian financial institutions
The logo of the Russian VTB Bank The Russian financial institutions could become one of the main targets for EU and US sanctions over the escalation in Ukraine. (Photo: Reuters)…