Tag: BANKING

Basel Committee Charter

Basel Committee Charter Updated 5 June 2018 Table of contents Purpose and role Membership Oversight Organisation BCBS standards, guidelines and sound practices Consultation with non-member authorities Relationship with other international financial bodies […]

Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits RBI Directions 2016

The Reserve Bank of India (the Bank), having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the directions set out below, hereby, in exercise of the powers conferred by sections 45J, 45JA, 45K, 45L and 45MA of the Reserve Bank of India Act, 1934 (Act 2 of 1934) (the RBI Act) and of all the powers enabling it in this behalf, and in supersession of the earlier directions contained in Notification No.DFC.118/DG (SPT)-98 dated January 31, 1998 issues the following Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 (the Directions) applicable to every non-banking financial company hereinafter specified.

Bank Failure means

USA

A bank failure is the closing of a bank by a federal or state banking regulatory agency.
Typically, a bank is closed when it becomes critically undercapitalized or is unable to meet its obligations to depositors and others.

Banking phishing

Cyber Crime,Cyber Security,Cyber Law

The victim is redirected to a fake website similar to the impersonated service, where the user thinking he is on the official site, ends up filling out a form where he provides the same data he would have used on the actual website.

THE MONETARY AND BANKING ACT-IRAN

Changes in the parity of the Rial in relation to gold shall be effected upon the recommendation of Central Bank of the Islamic Republic of Iran (hereinafter referred to as CBI), the agreement of the Minister of Economic Affairs and Finance, the approval of the Council of Ministers, and the ratification of the Finance Committees of the Islamic Consultative Assembly.

Shell bank

Shell bank means a bank that has no physical presence in the country in which it is incorporated and licensed, and which is unaffiliated with a regulated financial group that is subject to effective […]

Funds

Funds The term funds refers to assets of every kind, whether corporeal or incorporeal, tangible or intangible, movable or immovable, however acquired, and legal documents or instruments in any form, including electronic or digital, evidencing […]