Barbara Pianese
Latin America Editor at The Banker
Host at The Banker Podcast
Latin America Editor @TheBanker Views my own. RT not endorsements.
Articles
-
2 weeks ago |
thebanker.com | Barbara Pianese
Switzerland’s financial regulator, Finma, is pressing for expanded powers to ensure it has the necessary tools to oversee UBS, whose balance sheet has grown larger than the country’s GDP following its government-mandated acquisition of Credit Suisse. Finma is explicitly seeking the ability to fine senior executives, the power to intervene earlier in case of governance failures, and a more robust resolution regime in case of a bank’s failure.
-
3 weeks ago |
thebanker.com | Barbara Pianese
US banks could be pushed to serve crypto-affiliated customers out of fear of political backlash, according to experts, as regulators remove reputational risk from supervision. Republican lawmakers previously accused agencies of using reputational concerns to justify debanking — the practice of denying or restricting services to certain customers.
-
3 weeks ago |
bankingriskandregulation.com | Barbara Pianese
By Barbara Pianese Banks have welcomed US President Donald Trump’s nomination of Michelle Bowman as the Federal Reserve’s vice-chair for supervision, with the American Bankers Association praising her as a “thoughtful, principled voice for sensible regulatory policy”. Bowman, who now needs to be confirmed by the Senate, is expected to take a more ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.
-
3 weeks ago |
thebanker.com | Barbara Pianese
US community advocates have voiced concerns over last week’s decision by US banking regulators to backtrack from a long-scheduled update to the Community Reinvestment Act, warning that the rollback could reduce incentives for lenders to provide banking services to low-income communities. The CRA was originally enacted in 1977 to encourage banks to address systemic inequalities in access to credit in low-income communities in the US.
-
4 weeks ago |
thebanker.com | Barbara Pianese
US banks have urged Congress to reject any renewed legislative effort that could significantly reduce their revenues from credit card transactions. Along with nine other associations representing banks, credit unions and payment providers, the American Bankers Association this week sent a joint letter to lawmakers voicing opposition to the Credit Card Competition Act.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 146
- Tweets
- 81
- DMs Open
- No
Everybody is betting on nearshoring. But is it really happening? Recently wrote about it #nearshoringmexico https://t.co/dR4ktOLh2v
No nearshoring signs in Mexico's foreign direct investment (FDI). Weak inflows in 23Q2 were driven by reinvested profits. Getting only the 10-year LatAm average in % GDP would mean $60bn in FDI annually instead of $35bn for Mexico. Remittances are almost twice as high already... https://t.co/EPjWuRh1VL
Mexico plans to modernise its fintech regulation, says Gabriel Yorio, the country's Deputy Minister of Finance in a recent press report. I've written about the law's shortcomings. #fintechmexico
Of the 650 fintechs in operation in Mexico, just 46 operate under its 2018 fintech law. Industry experts are lamenting its shortcomings. https://t.co/2ok2Q3iXjD
At least they could have framed the issue as a general lack of productivity rather than blaming the people..
Latin America, especially Mexico, has some of the most hard working people on the planet - and they are very productive. The reason the West is richer has a lot to do with structural issues - like major corporations sucking up money. "A land of useless workers" is insulting. https://t.co/8cP4s5HU2G
