Finance industry – Hotel Oliebol http://hoteloliebol.com/ Sat, 27 Nov 2021 11:22:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://hoteloliebol.com/wp-content/uploads/2021/10/icon-1-120x120.png Finance industry – Hotel Oliebol http://hoteloliebol.com/ 32 32 Lioner launch ceremony in the presence of partners from the financial sector; new CEO appointed with focus on business growth https://hoteloliebol.com/lioner-launch-ceremony-in-the-presence-of-partners-from-the-financial-sector-new-ceo-appointed-with-focus-on-business-growth/ Fri, 26 Nov 2021 04:03:14 +0000 https://hoteloliebol.com/lioner-launch-ceremony-in-the-presence-of-partners-from-the-financial-sector-new-ceo-appointed-with-focus-on-business-growth/ Over 100 financial industry executives joined Lioner’s launch ceremony, endorsing the company’s unique all-in-one solutions for insurance, trust and family office Katrina chuk appointed Managing Director to strengthen Lioner’s ability to serve customers in Greater China HONG KONG, Nov. 26, 2021 / PRNewswire / – Lioner International Group Ltd. (Lioner), a pioneering financial services provider […]]]>
  • Over 100 financial industry executives joined Lioner’s launch ceremony, endorsing the company’s unique all-in-one solutions for insurance, trust and family office

  • Katrina chuk appointed Managing Director to strengthen Lioner’s ability to serve customers in Greater China

HONG KONG, Nov. 26, 2021 / PRNewswire / – Lioner International Group Ltd. (Lioner), a pioneering financial services provider offering unique 3-in-1 solutions for wealth planning, today announces its official launch ceremony in Hong Kong, in the presence of more than a hundred key executives from the financial sector, and at the same time announced the appointment of Katrina chuk as a general manager to drive the growth of the company mainly in Greater China.

(Left to right: Joseph Lin, Head of Lioner; Katrina Chuk, CEO of Lioner; Dixon Wong, Head of Financial Services and Global Head of Family Office at InvestHK; Raymond Cheng, President of the Hong Kong Institute of Certified Public Accountants; Tony Chan, Lioner Partner; Andrew Chan, Lioner Partner; Kelvin Fung, Lioner Group COO)

Charles Ng, Managing Director of Investment Promotion (Sector Specialists) of Invest Hong Kong (InvestHK), supported the ceremony. InvestHK established a dedicated FamilyOfficeHK team earlier this year, coinciding with the founding of Lioner. InvestHK strengthened that of Hong Kong unique advantages as a premier family office hub in Asia. The new team of InvestHK aims to promote family office business and offer one-stop services to family offices in Hong Kong. Lioner shares the same vision and is committed to leveraging that of Hong Kong unique position and the support of InvestHK to accelerate its growth in the region.

Ms. Chuk is based in Hong Kong and she will focus on growing the business in Greater China, especially continental China, to take advantage of the market gap identified by Lioner for a truly holistic financial service for high net worth individuals (HNWI). Ms. Chuk is an industry veteran with over 15 years of experience in the insurance brokerage, banking and securities industries. She specializes in the management of complex multi-party contracts and premium financing agreements. Prior to Lioner, Ms. Chuk was Senior Vice President of the International Planning Group (IPG).

Joseph lin, Officer in charge at Lioner, said, “We welcome Katrina. She is a native Chinese speaker and has a thorough understanding of Chinese culture. the company, so it’s great that she is joining the team. Chinese entrepreneurs have been very successful in creating and accumulating wealth over the past decades. As their businesses mature, they look for ways to preserve that wealth and plan for succession. Greater China region offers remarkable opportunities for Lioner. Katrina will be instrumental in finding, seizing and building these opportunities. “

Katrina chuk, Chief Executive Officer of Lioner said: “I am honored to be part of the Lioner team. Along with other talents, I want to leverage my industry knowledge and experience with Chinese clients to extend the unique services offered by Lioner to broaden our reach in Greater China. I am especially excited about Lioner’s 360 degree integrated solution approach that allows me to help clients overcome a variety of challenges in wealth planning and succession planning. “

Commenting on the ceremony, Mr. Lin said: “We are delighted to see many industry partners joining our launch ceremony and showing their strong support. Our integrated solutions for HNWIs are unique in the market. Through our flexible business model, we aim to foster strong relationships with our partners, complementing their offerings and mutually beneficial in the long term. “

Lioner adopts a flexible business model that complements partners in private banking, asset management, insurance and other professional services. The company tailors complete solutions to complement partner offerings for HNWIs and meet their unique needs. The results are greater customer satisfaction through greater efficiency, better financial returns, harmonious succession and harmonious family relationships.

Lioner recently implemented an internationally recognized information security management system, ISO / IEC 27001: 2013, and achieved certification by LRQA, Lloyd’s Register Quality Assurance Limited, marking a significant milestone in continued growth and the success of our insurance brokerage services organization. The certification demonstrates our commitment to providing the highest levels of information security care to our customers, and the same high standard of conduct in our business practices.

About Lioner International Group Ltd.

Lioner International Group Ltd. is the industry’s one and only integrated insurance, trust and family office consortium, founded by ethnic Chinese partners, which provides comprehensive solution services for high and high net worth individuals, families and businesses with unique and diverse needs. With over a century of combined industry knowledge, our top professionals strive to provide sophisticated, world-class expertise in heritage protection and heritage preservation for clients worldwide. Further information is available at https://www.lioner.com. follow us on LinkedIn or visit our press room at https://www.lioner.com/insights/ for the latest company news.

SOURCE Lioner International Group Ltd.


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Should You Accumulate PennyMac Financial Services Inc (PFSI) In The Mortgage Finance Industry? https://hoteloliebol.com/should-you-accumulate-pennymac-financial-services-inc-pfsi-in-the-mortgage-finance-industry/ Wed, 24 Nov 2021 16:00:11 +0000 https://hoteloliebol.com/should-you-accumulate-pennymac-financial-services-inc-pfsi-in-the-mortgage-finance-industry/ PennyMac Financial Services Inc (PFSI) is at the top of the mortgage finance industry according to Investors Observer. PFSI received an overall rating of 57, which means it scores over 57% of all stocks. PennyMac Financial Services Inc also scored 77 in the mortgage finance industry, placing it above 77% of mortgage finance stocks. Mortgage […]]]>

PennyMac Financial Services Inc (PFSI) is at the top of the mortgage finance industry according to Investors Observer. PFSI received an overall rating of 57, which means it scores over 57% of all stocks. PennyMac Financial Services Inc also scored 77 in the mortgage finance industry, placing it above 77% of mortgage finance stocks. Mortgage financing is ranked 103rd out of 148 sectors.

PFSI has an overall score of 57. Find out what this means to you and get the rest of the leaderboard on PFSI!

What do these notes mean?

Finding the best stocks can be tricky. It is not easy to compare companies from all industries. Even companies that have relatively similar activities can sometimes be difficult to compare. Investors ObserverThe tools allow for a top-down approach that lets you choose a metric, find the top performing sector and industry, and then find the top stocks in that sector. These scores are not only easy to understand, but it is also easy to compare stocks with each other. You can find the best stock in an industry or search for the industry with the highest average score. The overall score is a combination of technical and fundamental factors that is a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors besides the overall number before making investment decisions.

What is happening with the shares of PennyMac Financial Services Inc today?

PennyMac Financial Services Inc (PFSI) stock is up 3.03% while the S&P 500 is down -0.2% at 10:40 a.m. on Wednesday, November 24. PFSI gained $ 1.97 from the previous closing price of $ 64.97 on a volume of 123,813 shares. Over the past year, the S&P 500 has risen 28.77% while the IFHP has gained 17.11%. PFSI has earned $ 17.85 per share over the past 12 months, giving it a price-to-earnings ratio of 3.74. Click here for the full report on PennyMac Financial Services Inc.


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Beyond investing – how the financial sector can achieve holistic sustainability https://hoteloliebol.com/beyond-investing-how-the-financial-sector-can-achieve-holistic-sustainability/ Tue, 23 Nov 2021 00:29:27 +0000 https://hoteloliebol.com/beyond-investing-how-the-financial-sector-can-achieve-holistic-sustainability/ This makes it a clear call to all industries to redouble their efforts to ‘act, not react’ to have a positive impact on the environment – in particular the banking and financial sector, which plays a crucial role in influencing global consumption and production patterns, and finance the transition to climate-resilient economies. The launch in […]]]>

This makes it a clear call to all industries to redouble their efforts to ‘act, not react’ to have a positive impact on the environment – in particular the banking and financial sector, which plays a crucial role in influencing global consumption and production patterns, and finance the transition to climate-resilient economies.

The launch in 2020 of Australian roadmap for sustainable finance demonstrated the sector’s understanding of its influence on environmental impact, and it has targeted a goal of zero net emissions by 2050. However, many long-term strategies will not be implemented until 2030, which understanding consumers of financial products and their lasting impact in the meantime. To close this short-term gap, industry players can collaborate with partners who manufacture sustainable products, as well as adopt practices, programs and practices. initiatives that create a visibly positive environmental impact. Among the flagship programs is the global campaign with the UNEP (United Nations Environment Program) which urges everyone to eliminate the use of microplastics and stop the excessive and unnecessary use of single-use plastic to fight against plastic pollution.

Areas of fintech and digital payments for growth, innovation and collaboration

Digitization and e-commerce have seen surges in the ANZ region, which has sparked widespread adoption of digital payment solutions. With Australia projected at 98 percent cashless by 2024, it is an opportunity for the sector to adopt sustainable financial technology (FinTech) and to innovate customer-centric products that also reduce climate impact.

For example, although 47 percent of Australians already use a contactless form of payment, debit card use remains popular. This leaves room for new innovative card services that integrate new payment technologies while using durable materials like recycled PVC for smarter but greener solutions. In fact, we are witnessing a shift in the ecosystem in favor of this trajectory; after Visa, recently in August 2021, IDEMIA recognized Mastercard End-to-end sustainable approach to the entire payment card lifecycle by certifying GREENPAY cards made from recycled plastics.

In addition to environmentally friendly cards, fully digital cards also offer new payment possibilities to consumers while providing more opportunities for service providers to deliver flexible yet environmentally friendly payment experiences. They are almost functionally identical to regular physical cards – except that they are displayed digitally on mobile apps, websites, or digital wallets – and can be generated to easily make single or multiple payments. By eliminating the need for physical card manufacturing and associated logistics, these cards help service providers meet their sustainability goals and reduce the overall environmental impact of the industry as they gain traction in the industry. whole world.

Other innovations such as improving customer onboarding experiences can also help both conserve resources and engage customers. A fully digitized onboarding process for credit card activation may incorporate a biometric security verification process or a simply pressing the card on the phone. Not only is this more convenient for the consumer, but the turnaround time is also shortened for him and for the financial service provider, resulting in better efficiency without compromising security. Without having to travel, dematerialization also allows them to reduce their environmental footprint.

Apart from innovation, banks and FinTechs can further maximize positive environmental and social impact by participating and collaborating in initiatives such as carbon offset programs. They can also extend their carbon commitment beyond product lifecycles by working with suppliers who have set up dedicated carbon commitments. Investing in carbon projects and partnering with social organizations is also an opportunity to create a positive social impact that goes beyond sustainability, and actively support other Sustainable Development Goals (SDGs).

Adopting a holistic “green mindset” is compatible with industry goals

While the financial sector has generally taken the investment route by offering green products to meet environmental, social and governance (ESG) objectives, some have expressed reservations that pursuing deeper ESG commitments could be inconsistent with profitability. However, it is increasingly recognized that this is not the case, especially since 92% of consumers expect their financial institutions to pursue green goals.

Additionally, the intersection of the modern customer’s desires for convenience and sustainability means that the industry can also achieve corporate social responsibility (CSR) results if it places ESG goals at the center of its agenda. Indeed, they will remain accountable to internal and external stakeholders who increasingly prioritize climate. In doing so, they can also help lead the sector towards the achievement of the SDGs.

PAY GREEN

With growing public sentiment, customer awareness, and attention to climate issues, Australian businesses that fail to rise to the challenge risk being seen as indifferent to the environment, and therefore potentially losing out against their competitors in the long term. The impulse is therefore not only to innovate with new products, but to form partnerships and symbiotic collaborations that have a holistic impact.

In the long term, finding ways to collaborate and reinvest in the environment should be the industry’s top priority. Not only can they mitigate climate risks and attract a larger clientele, but they can also have a positive effect nationwide. Ffinancial and economic ecosystems by creating a healthy and sustainable economy for the future.

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Get the latest tech news, views, interviews, reviews, product promotions and events. Plus fun videos from our readers and customers.

SEE WHAT’S ON ITWIRE TV NOW!


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How Much Should Financial Industry Leaders Trust in Academic Research? https://hoteloliebol.com/how-much-should-financial-industry-leaders-trust-in-academic-research/ Fri, 19 Nov 2021 14:00:04 +0000 https://hoteloliebol.com/how-much-should-financial-industry-leaders-trust-in-academic-research/ Given that governments spend huge sums of money on education and university research, one wonders what is the payoff for business leaders? Take the example of university research in finance and the financial industry. Of course, the empirical results published in financial agencies are relevant for the sector, in particular given the dependence of hedge […]]]>

Given that governments spend huge sums of money on education and university research, one wonders what is the payoff for business leaders? Take the example of university research in finance and the financial industry. Of course, the empirical results published in financial agencies are relevant for the sector, in particular given the dependence of hedge funds on the investment strategies proposed by researchers in the financial literature. But in this regard, a relevant question is: what is the competence of these researchers, especially those who publish their research results in leading financial journals? Especially if these researchers have never really worked in the sector.

As in any other discipline in the social sciences, finance researchers strive to have their studies published in what, in academic circles, are generally referred to as “top-notch journals” such as the Finance Review, Review of financial studies, Where Financial economics journal. Obviously, in addition to what is commonly associated with recognition among fellow researchers, publication in these journals has a positive impact on a researcher’s academic career.

However, it can be difficult for academics outside of the inner circle to get their studies published in these leading journals, a phenomenon often referred to as “selection bias”. So the crucial question is: Are research studies published in leading financial journals more reliable?

Ironically, recent research on replication failures has shown that articles published in these leading journals are cited, on average, more than 100 times more often than follow-up articles which, however, stand the test of time, but are published in less recognized journals. While previous research argued that ‘picking’ manifested in spec search or p-hacking could be a reason for the high rate of replication failures, a recent Finnish study to study conducted at the University of Vaasa takes a new perspective by exploring whether the nature of financial markets allows us to use standard statistical tools often used in financial research.

The to study, directed by Dr Klaus Grobys, assistant professor at the University of Vaasa and member of the Innovation and entrepreneurship InnoLab, a multidisciplinary, phenomenon-based open research platform, provides strong evidence that standard methods often used in financial research inevitably yield sample-specific results. Grobys argues that traditional methodologies often used in financial research are based on axioms derived from statistics.

These axioms are valid in specific random environments where the past tells us something about the future. These random environments bend the laws of physics. Man-made systems don’t work the same way. Put simply, the critical problem with financial market variables is that uncertainty in the future looks different from uncertainty in the past. Think about the stock market crash of October 1987, which brought about permanent changes in the valuation of stock options. “Because future uncertainty is different from past uncertainty, standard statistical methodologies fail to provide accurate results in such random environments,” he says.

Studies in leading journals use the same statistical methods, which manifests itself in many replication failures. This casts serious doubts on the quality signal associated with these reviews. The correct use of incorrect methods will not produce any of the necessary advances in this area of ​​knowledge. We can ask ourselves: what is the consequence for the financial industry of relying on these methods? Referring to the bankruptcy of Long-Term Capital Management (LTCM) hedge funds, of which Robert Merton Jr. and Myron Scholes were founding partners, best-selling author Nassim Taleb points out that the consequences of relying on bad practices can be destructive. In his book The black swan, he underlines on page 288: “… during the summer of 1998, a combination of large-scale events, triggered by a Russian financial crisis, unfolded outside their models.

It was a black swan. LTCM went bankrupt and almost destroyed the entire financial system with it, because the exposures were massive. ” In his job The black swan, which has garnered tremendous attention both inside and outside academia, Taleb points to LTCM’s bankruptcy because (I) Merton and Scholes were academics with first-rate resumes from the highest ranks in academia, and (I), the scale of the losses was spectacular. Investors relying on the skill of leading scientists have lost an astonishing amount of their wealth, so it can be argued that this is a serious issue that needs more attention.


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Securities Financing Industry News | SEC proposes changes to increase disclosure of securities lending https://hoteloliebol.com/securities-financing-industry-news-sec-proposes-changes-to-increase-disclosure-of-securities-lending/ Fri, 19 Nov 2021 08:59:33 +0000 https://hoteloliebol.com/securities-financing-industry-news-sec-proposes-changes-to-increase-disclosure-of-securities-lending/ The Securities and Exchange Commission has proposed rule changes to increase transparency in securities lending and borrowing transactions. Under proposed rule 10c-1 of the Exchange Act, the US securities regulator will require lenders to report the terms of a securities lending transaction to a registered national securities association, such as than the Financial Industry Regulatory […]]]>

The Securities and Exchange Commission has proposed rule changes to increase transparency in securities lending and borrowing transactions.

Under proposed rule 10c-1 of the Exchange Act, the US securities regulator will require lenders to report the terms of a securities lending transaction to a registered national securities association, such as than the Financial Industry Regulatory Authority.

This registered national securities association will then make the terms of this loan transaction available to the public.

This step, says the SEC, will be important in ensuring that market participants, the public and regulators have access to timely and complete information about the securities lending market.

Lenders will be required to fulfill this trade reporting obligation with a registered national securities association within 15 minutes. In addition, they will be required at the end of each trading day to declare the number of shares they have loaned in each security and the number of shares available to borrow.

Commenting on the proposed rule changes, SEC Chairman Gary Gensler said, “Securities lending and borrowing are an important part of our market structure. Currently, the securities lending market is opaque.

“In today’s rapidly changing financial markets, it is important that market participants have access to fair, accurate and timely information. I believe this proposal would bring securities lending out of obscurity. We have posted this proposal for comment, and I look forward to hearing from the public. “

The SEC says the proposed rule aligns with Congress’ mandate in the Dodd-Frank Act, which encourages the regulator to improve transparency in securities lending and borrowing for brokers, traders and investors.

SEC Chief Economist Jessica Wachter said: “The rule will bring much needed transparency to the securities lending market by giving the market both complete and timely information.”

David Saltiel, Acting Director of the Division of Trading and Markets, said: “The proposal focuses on the need for transparency in the securities lending market and further satisfies the Congressional mandate of the Commission to promulgate designed rules. to ensure such transparency in this market. “

The public comment period will run for 30 days from the date the proposal is posted in the Federal Register.


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Global financial sector pledges to fight climate change – The Ticker https://hoteloliebol.com/global-financial-sector-pledges-to-fight-climate-change-the-ticker/ Sat, 13 Nov 2021 03:00:57 +0000 https://hoteloliebol.com/global-financial-sector-pledges-to-fight-climate-change-the-ticker/ UNclimatechange | flickr.com The 26the The annual United Nations Climate Change Conference took place from October 31 to November 12 in Glasgow, Scotland. Nations came together to discuss the growing threat of climate change, its long-term effects and possible solutions. This time around, the global financial industry discussed steps it can take to reduce the […]]]>

UNclimatechange | flickr.com

The 26the The annual United Nations Climate Change Conference took place from October 31 to November 12 in Glasgow, Scotland.

Nations came together to discuss the growing threat of climate change, its long-term effects and possible solutions.

This time around, the global financial industry discussed steps it can take to reduce the spread of climate change. United Nations Financial Alliance in Glasgow for Net Zero is a group made up of 450 banks, insurers and asset managers in 45 countries. These include large, leading financial firms such as BlackRock Inc., HSBC Holdings plc, Morgan Stanley and Deutsche Bank AG.

This group was organized with the goal of achieving zero net carbon emissions by the end of this century. The measures that the group has planned to take to achieve this goal are to raise funds and distribute them among different initiatives that address the implementation of renewable energies, electrification, efficiency, coal, nuclear and d ‘other innovations through safe and climate-friendly processes. Since November 3, the group has committed to using its assets, valued at $ 130 trillion, to implement and achieve the goal of zero net emissions.

To tackle climate change and tackle it to the best of its ability, the global financial sector needs the collaboration of governments around the world. As long as regulations prohibiting the practices of companies that use large amounts of carbon emissions are not implemented, emissions will undoubtedly continue. With global government cohesion, the economic systems shaped around the world can adapt and align with climate goals. This calls for a transformation of the economic systems currently being implemented, but promises a cleaner and more secure future for the whole planet.

Marc Carney, former Governor of the Bank of England, led the discussion on the source and distribution of funds. Carney stressed the importance of transforming the financial system to align with climate goals. As discussed in Paris Agreement, Analysts estimated that around $ 150 trillion needed to be raised to meet the 1.5 degree Celsius target that countries around the world had pledged to achieve.

In addition to political regulations, the allocation of trillions of dollars of capital and commitment to change, the Glasgow Financial Alliance for Net Zero has also pledged to report annually on its progress to ensure that measures meaningful and proactive are taken in a consistent manner. With a budget of this magnitude and an initiative taken by the global financial industry, governments are going to have to come together to implement policies to ensure this issue is taken seriously. Since the United Nations group itself is not capable of transforming entire economic systems on its own, the cooperation of global governments is essential.

Overall, significant efforts are being made by several organizations promising fundamental change that will limit climate change and significantly reduce emissions over the next 30 years.


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Securities Financing Industry News | FMSB, BoE and FCA sign memorandum of understanding https://hoteloliebol.com/securities-financing-industry-news-fmsb-boe-and-fca-sign-memorandum-of-understanding/ https://hoteloliebol.com/securities-financing-industry-news-fmsb-boe-and-fca-sign-memorandum-of-understanding/#respond Tue, 09 Nov 2021 14:13:01 +0000 https://hoteloliebol.com/securities-financing-industry-news-fmsb-boe-and-fca-sign-memorandum-of-understanding/ The FICC Markets Standards Board (FMSB), the Bank of England (BoE) and the Financial Conduct Authority (FCA) have announced the signing of a tripartite agreement Memorandum of Understanding (MoU). The MoU establishes a high-level framework formalizing the continued cooperation between the FMSB, BoE and FCA in achieving the main objectives of the FMSB, as recommended […]]]>

The FICC Markets Standards Board (FMSB), the Bank of England (BoE) and the Financial Conduct Authority (FCA) have announced the signing of a tripartite agreement Memorandum of Understanding (MoU).

The MoU establishes a high-level framework formalizing the continued cooperation between the FMSB, BoE and FCA in achieving the main objectives of the FMSB, as recommended in the Final Report of the Fair Markets Review and effective.

These objectives aim to promote fair and efficient global FICC wholesale markets; produce clear guidelines on how business should be conducted to eliminate or mitigate vulnerabilities; and to promulgate these guidelines as widely as possible globally and to secure commitments for their use.

Speaking on the announcement, Andrew Bailey, Governor of the Bank of England, said: “I am pleased that we have a Memorandum of Understanding which builds on our working relationship with FMSB to date and defines a clear framework on how we will continue to cooperate in the future.

“The FMSB was a key recommendation of the Fair and Effective Markets Review, and we strongly support its primary goal of raising standards of conduct so that global FICC markets are more transparent, fair and efficient. The FMSB plays an important role in building user and public confidence.

Myles McGuinness, CEO of FMSB, adds: “FMSB’s strategic goals of promoting fair and efficient markets for all participants align closely with those of regulators, policy makers and supervisors in the UK. And in the world. I am very pleased that this MoU clarifies our important and continuing relationship with the FCA and the Bank of England and look forward to establishing similar agreements with key regulators in other jurisdictions as our Members are expanding into new business areas of FICC wholesale markets.


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Securities Financing Industry News | SFTS: access to liquidity continues to strengthen in financial securities markets https://hoteloliebol.com/securities-financing-industry-news-sfts-access-to-liquidity-continues-to-strengthen-in-financial-securities-markets/ https://hoteloliebol.com/securities-financing-industry-news-sfts-access-to-liquidity-continues-to-strengthen-in-financial-securities-markets/#respond Fri, 05 Nov 2021 12:33:45 +0000 https://hoteloliebol.com/securities-financing-industry-news-sfts-access-to-liquidity-continues-to-strengthen-in-financial-securities-markets/ Liquidity is still strong in the securities finance market and the ability to access liquidity through multiple channels remains of critical importance, according to a panelist at the Securities Finance Technology Symposium. During the Challenge of Improving the Liquidity Chain panel, four panelists discussed the current state of the liquidity landscape. Panelists included Staffan Ahlner, […]]]>

Liquidity is still strong in the securities finance market and the ability to access liquidity through multiple channels remains of critical importance, according to a panelist at the Securities Finance Technology Symposium.

During the Challenge of Improving the Liquidity Chain panel, four panelists discussed the current state of the liquidity landscape.

Panelists included Staffan Ahlner, head of Collateral +, senior vice president of State Street;
Grant Davies, EMEA Sales Manager at EquiLend; BJ Marcoullier, sales and business development manager at Transcend Street Solutions; and David Raccat, CEO of Wematch. Securities Funding.

Led by Gabriele Frediani, management consultant at ZBO International, the panel notes that the liquidity space is less intimidating with the influx of technologies and solutions.

One panelist said: “We want to encourage liquidity, whether it is expressed through securities borrowing and lending (SBL), repo or Total Return Swaps (TRS).

“The key is to manage these processes efficiently while minimizing latency, ensuring that you are able to manage your post-trade connectivity so that if you trade, the trade settles.”

He goes on to say, by streamlining access to liquidity and reducing friction constraints, it means that it is easier and more profitable for clients to enter this market and access that liquidity. He returned to his main point by stating, “If this is a recorded transaction, you need to find liquidity, you need to be able to settle the transaction and you need to make it the reg reporting component as well. It’s supposed to be complex, but we can break it down, we can make it easy for people to access, and that means we can activate the market.

Moving the agenda forward, the discussion revolved around whether liquidity had become more available and accessible over time.

In response to this, a panelist said that liquidity for them continues to grow for their market. There are hidden stocks that “sit on the sidelines”, but there is a lot of liquidity. As central banks begin to unwind their asset purchase programs, this will have a huge effect on the market. There are more attendees to come, which is welcome as “liquidity diversity is incredibly important”.

Reinforcing this point, another states, “We have seen improvements in liquidity, whether you think of liquidity in terms of reducing the use of unsecured funding or seeing liquidity as reducing buffers for flows. intraday. Everyone is striving to improve their efficiency and controls. Liquidity is the fat that allows our clients to take more risk, to respond to market conditions.

Concluding this last point, a third panelist notes that the market works extremely efficiently. There are capital constraints that make some transactions unprofitable, but overall there is definitely liquidity in the market.


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Poverty and inequality: experts ask Islamic banking and financial sector to do more – Business & Finance https://hoteloliebol.com/poverty-and-inequality-experts-ask-islamic-banking-and-financial-sector-to-do-more-business-finance/ https://hoteloliebol.com/poverty-and-inequality-experts-ask-islamic-banking-and-financial-sector-to-do-more-business-finance/#respond Wed, 03 Nov 2021 23:33:58 +0000 https://hoteloliebol.com/poverty-and-inequality-experts-ask-islamic-banking-and-financial-sector-to-do-more-business-finance/ Karachi: Former Governor of the State Bank and Advisor to the Prime Minister on Institutional Reforms and Austerity, Dr Ishrat Hussain called on the Islamic banking and finance industry to do more to distinguish it from conventional banking and play its role in reducing poverty and inequalities in the country. He was speaking as a […]]]>

Karachi: Former Governor of the State Bank and Advisor to the Prime Minister on Institutional Reforms and Austerity, Dr Ishrat Hussain called on the Islamic banking and finance industry to do more to distinguish it from conventional banking and play its role in reducing poverty and inequalities in the country.

He was speaking as a guest of honor at the 5th International Conference on Islamic Banking and Finance (ICIBF -2021), organized by the Institute of Business Management (IoBM), Karachi.

In his virtual opening speech, Dr Ishrat Hussain said that 18 percent market share and 30-32 percent growth rate is a good achievement but falls short of our expectations at the start of Islamic banking in 2001.

He said that Islamic banking is not only free for Riba which is one of its essential attributes, but it is different from traditional banking because it aims to take care of our disadvantaged brothers and sisters, poor and vulnerable and unless we bring them with others to the same standard of living, we are not fulfilling our function as Islamic bankers.

He urged the Islamic banking sector to combine the essential instruments of the Islamic financial system, including Zakat, Takaful, Qarz e Hasna, to create Sharia-compliant products and services that can truly target marginalized groups in need of financing.

Dr Ishrat Hussain highlighted the importance of micro-finance to create social impact and urged Islamic banks to lend microfinance products especially for the backward regions of the country, including Balochistan, southern Punjab, KPK and rural Sindh instead of the country’s three major cities. .

He called FinTech and collaboration between Islamic banks as keys to expanding customer base and promoting financial inclusion in the country.

Speaking, Talib S. Karim, President of IoBM, said results-oriented research needs to be developed based on the findings of this conference, as students are expected to learn from the deliberations.

Omar Mustafa Ansari, Secretary General of AAOIFI, Bahrain, said Islamic mutual funds generate a higher share. He added that socio-economic growth has great potential in Pakistan. The promotion of social finance must be integrated with traditional finance, he added.

Junaid Ahmed, President and CEO, Dubai Islamic Bank, shared four life lessons with the students, including: humility, service to humanity, submission to Allah and giving. He referred to the relief measures taken by the Government of Pakistan and the State Bank of Pakistan. He shared DIB’s initiatives including focus on digital banking, talent development, women empowerment, among others.

Copyright Business Recorder, 2021


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Securities Financing Industry News | LiquidShare integrates with Vermeg’s Megara platform for crypto assets https://hoteloliebol.com/securities-financing-industry-news-liquidshare-integrates-with-vermegs-megara-platform-for-crypto-assets/ https://hoteloliebol.com/securities-financing-industry-news-liquidshare-integrates-with-vermegs-megara-platform-for-crypto-assets/#respond Wed, 03 Nov 2021 15:29:01 +0000 https://hoteloliebol.com/securities-financing-industry-news-liquidshare-integrates-with-vermegs-megara-platform-for-crypto-assets/ Vermeg integrated its Megara platform with LiquidShare to enable the settlement of crypto assets using blockchain technology, making it one of the first blockchain platforms to offer connectivity to a custody platform. . As a provider of banking, insurance and digital solutions, Vermeg’s Megara platform is designed to secure and simplify back-office operations in financial […]]]>

Vermeg integrated its Megara platform with LiquidShare to enable the settlement of crypto assets using blockchain technology, making it one of the first blockchain platforms to offer connectivity to a custody platform. .

As a provider of banking, insurance and digital solutions, Vermeg’s Megara platform is designed to secure and simplify back-office operations in financial markets by reducing the gap between issuers and investors and streamlining the management of their capital and positions.

The partnership follows increased demand from institutions and clients within the regulated custody industry to extend traditional custody and asset servicing capabilities to the crypto asset class.

LiquidShare’s blockchain settlement platform will have an app-to-app connection with Megara which will allow custodians using Megara to provide custodial services for assets issued in LiquidShare.

Boujemaa Khaldi, Product Manager at Vermeg, comments: “By connecting the two solutions, we provide our customers with a faster time-to-market capability to expand their services and increase their business.

“LiquidShare is an important player in blockchain custody, and this partnership will accelerate custodians’ adoption of a single solution to support custody of all types of assets.”

Jean-Marc Eyssautier, CEO of LiquidShare, adds: “The integration of Megara with our platform is an important step in the adoption of LiquidShare as a leading provider of blockchain solutions for the issuance and settlement of crypto assets.

Earlier this year, LiquidShare tested the settlement of securities transactions using a central bank digital currency issued by the Banque de France for the payments side of the settlement transaction.


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