Prologic Corp., a leading provider of
Among the users of the system, Bestway AM, are leading commercial banks
Bestway, designed to capitalize on the Japanese "big bang" financial
Bestway can handle a range of mutual fund operations including account
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined upcoming changes to the bank regulatory capital framework in a speech Thursday, focusing on streamlining bank capital requirements through Basel III and Global Systemically Important Bank surcharge rules.
The bank-owned instant payment network has added a new use for its seldom-mentioned disbursement business.
Noelle Acheson argues that banks' focus on deposit tokens rather than stablecoins is a clear example of the "innovator's dilemma" at work: few economic incentives to embrace the innovation happening at the periphery.
The conflict with Iran has thrown volatility into bank stock prices, which is often the currency of dealmaking. "Stability is important to be able to do deals," one analyst said.
