Gibraltar Bankers' Association’s Post

Its 2 minutes to DORA midnight, location CBI Dublin, November 2024. Father Dougal says "Ted, Ted, does that DORA thing apply to me?". Father Ted looks sternly at Dougal, but smiles, as he says "Now Dougal, did you forget to read Article 2 again? Lets see, credit institutions... investment firms ... insurance and reinsurance ... crowdfunding ... ICT third-party service providers... Yes Dougal, indeed you are included within the scope of DORA". To which Father Dougal replies "That's Mad Ted". The part of Father Dougal was played by several financial firms in the audience of c500 and the part of Father Ted was played by the Central Bank of Ireland (CBI). 2025 may well be a bit Craggy for a few financial firms in the EU The above is a gross exaggeration (for effect) of a recent reported incident showing how unprepared some firms are with regards to DORA. Martin #DORA #Operationalresilience #GRC #RiskManagement #InternalAudit #Finance #FinanceSME #Bank #Insurance #Payment #Credit #Financial #Crypto #emoney #Investment #Asset #CraggyIreland #Pension #Reinsurance #Funds #DORAROI #DORACompliance #Cyberinsurance #RoI #Registerofinformation

United Trust Bank Limited's Bridging department have reduced their interest rates across their entire range of products to support the market after seeing an increase in demand for Bridging Finance due to greater market and economic stability. Check out our updated Product Guides here: https://lnkd.in/emFgtiTG #Bridgingfinance

Provident Bank added six lenders in the commercial banking space: Matt Moresco, Matt Skilton, Jerry Bresser, Michael Valenzano, Patrick Beaner and Daniel Decker. Read More: https://lnkd.in/gBkRUDuJ #Monitor #TopStories #ProvidentBank #CommercialLending #BusinessBanking #BankingSolutions

Provident Bank added six lenders in the commercial banking space: Matt Moresco, Matt Skilton, Jerry Bresser, Michael Valenzano, Patrick Beaner and Daniel Decker. Read More: https://lnkd.in/gVqEEwTj #ABFJournal #TopStories #ProvidentBank #CommercialLending #BusinessBanking #BankingSolutions

Very excited to present research on #collusion and #bank competition, and #CEO #overconfidence at #IIOC (Boston, 1-3 May), Irish Econ. Association (Galway 8-10 May) and Irish Academy of Finance (IAF) (Dunboyne, 16-17 May). Come find me if you want to chat about #cartels #commonownership #banking #antitrust.

It is rare that my work prompts me to post something on Linkedin. However, after reading the government's National Payments Vision, I am left with an sense of gratitude to all of the excellent people that have contributed to this piece of work. The government has listened to many of the issues raised by stakeholders across the industry and provided a pragmatic, collaborative and clear direction for industry and its regulatory stakeholders. Here's to the next six months in which we will work with the PSR and the Bank of England to clarify the necessary upgrades to Faster Payments and contribute to the development of a robust Payments Forwards Plan over the coming year. https://lnkd.in/eXdQhyzG

🚨 New Publication Alert! 🚨 We are excited to announce our latest publication: 💵 Deposit Protection. In this comprehensive analysis, Alberto Ortiz delves into the critical topic of deposit insurance—an essential system designed to safeguard bank depositors from losses in the event of a bank failure. This mechanism not only prevents bank runs but also ensures financial stability by instilling confidence that deposits are secure. 🔍 Key Highlights: - Fractional Reserve Banking: Understanding its necessity, advantages, and disadvantages. - Money Supply Determination: How public, commercial banks, and central banks interact in deposit and currency management. - Global Perspectives: Insights from the International Association of Deposit Insurers (IADI) Annual Survey, covering the establishment, legal structures, mandates, and functioning of deposit insurance agencies worldwide. - Financial Intermediaries: Exploring their role as providers of liquidity and insurance, and how they can enhance market efficiency. This publication provides an in-depth look at how deposit insurance works, its global implementation, and the pivotal role of financial intermediaries. It’s a must-read for anyone interested in understanding the intricacies of financial systems and ensuring depositor protection. Read the full publication on our website: https://lnkd.in/gzYGX9yE #DepositProtection #FinancialStability #Banking #Insurance #FinancialServices #BankingAndFinance #FractionalReserveBanking #MoneySupply #IADI #FinancialIntermediaries #LiquidityManagement #DepositInsurance #BankandFinanceCG

Public practitioners carry a mountain of regulatory burdens, but an update to the Banking Code of Practice has brought some positive news to help alleviate the pressure. The update to the Banking Code of Practice will no longer allow financial institutions and brokers to request that accountants certify whether a small business client can repay a loan. We believe this has always been an unreasonable request and a major bugbear for public practitioners. It is something that CPA Australia has long campaigned to change. This change comes after many years of proactive engagement with the industry, CPA Australia members and other stakeholders to deliver a common sense outcome. CPA Australia will continue to advocate for common sense changes that benefit our members and the profession as a whole. Read more 👉 https://bit.ly/3WCkuRY

Due to significant asset growth among community banks, it’s essential for insured depository institutions to actively monitor their size. This vigilance is critical to ensure they remain prepared for implementing the Federal Deposit Insurance Corporation Improvement Act (FDICIA). Learn key considerations and strategies for effective FDICIA compliance and enhancing your institution's financial integrity #Banking #CommunityBanks #FDICIA #FinancialServices

Due to significant asset growth among community banks, it’s essential for insured depository institutions to actively monitor their size. This vigilance is critical to ensure they remain prepared for implementing the Federal Deposit Insurance Corporation Improvement Act (FDICIA). Learn key considerations and strategies for effective FDICIA compliance and enhancing your institution's financial integrity #Banking #CommunityBanks #FDICIA #FinancialServices