Financial IT

85% of Banks’ Corporate Clients Plan to Engage With a Non-Bank Financial Institution Within the Next 12 Months as Competition With Private Capital Intensifies

Corporate and investment banks (CIBs) face intense competition from non‑bank financial institutions, as client expectations ...

Why Non‑Bank Financial Institutions Need Fourth‑Generation Core Banking Technology

Non‑bank financial institutions (NBFIs), including asset managers, private credit funds, and specialist alternative lenders, now sit at the centre of a rapidly expanding segment of the global ...
JD Supra

FTC Non-Banking Financial Institutions Safeguards Rule

The Federal Trade Commission has approved an amendment to the Safeguards Rule under the Gramm-Leach-Bliley Act that creates a new data privacy regulatory reporting requirement for non-banking ...
JD Supra

Updates to the Safeguards Rule Will Require Non-Banking Financial Institutions to Report Data Security Breaches to the FTC

On October 27, 2023, the Federal Trade FTC (FTC) approved amendments to its version of the Standards for Safeguarding Customer Information Rule (the Safeguards Rule) to require non-banking financial ...
The National Law Review

Do Non-Bank Financial Institutions Pose a Systemic Risk?

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Seeking Alpha

Fed's Bowman supports easing regulations to allow banks to compete with non-bank financial institutions

The banking system is sound, but tailoring and easing some regulations will allow banks to compete with non-bank financial institutions, Federal Reserve Vice Chair for Supervision Michelle Bowman said ...

Bank Lending To Private Credit And Non-Banks Is At Historic Highs

When there are problems at non-banks, also known as non-depository financial institutions, investors correctly worry that there could be problems at banks.
Nasdaq

U.S. financial regulators to tighten rules on non-bank firms, risk assessment

WASHINGTON, April 21 (Reuters) - The Financial Stability Oversight Council on Friday proposed guidance to make it easier to designate non-bank financial institutions for regulatory supervision and new ...
The Business Standard

Junk NBFI stocks rebound despite liquidation fears

According to data from the Dhaka Stock Exchange (DSE), the share prices of eight troubled NBFIs surged between 145% and 224% during the month, even though most of them remain under severe financial ...

85% of Banks' Corporate Clients Plan to Engage With a Non-Bank Financial Institution Within the Next Year as Competition With Private Capital Intensifies

Banks look to bolster AI expertise with external hires (40%) as upskilling proves challenging -- Only 29% of IT budgets are currently directed to transformative technologies -- Corporate Investment ...
The National Law Review

The FTC Amends Safeguards Rule to Require Non-Banking Financial Institutions to Disclose Certain Security and Data Breaches

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...