Questions tagged [banking]
The banking tag has no usage guidance.
9
questions
9
votes
0answers
306 views
Brexit, EU tax evasion regulation, and the City of London
Articles (such as this one published by Foreign Policy and this one by BBC) and documentaries (such as 2017 film "The Spider's Web" described here) detail the history and extent of Britain’s "Empire ...
3
votes
1answer
133 views
How does INSTEX work, and why won't it work?
After the US withdrew from the JCPOA, it threatened criminal and/or financial action against entities which trade with Iran (with some limited exemptions). This made the SWIFT society drop Iranian ...
34
votes
8answers
9k views
How do governments keep track of their issued currency?
If a government issues currency and it ends up in bank accounts abroad, what stops banks from making a 'mistake' during a transfer, accidentally duplicating the currency?
Is there some central ...
1
vote
3answers
243 views
Why do contactless payments without pin code seem to be regulated at national level rather than at bank / customer level?
I have recently checked if I am able to change my contactless without pin limit and realized that this is not an option. So I quickly checked for other countries and it seems to be set by national ...
6
votes
3answers
1k views
What does “breaking up” a company mean?
Oversimplify it for me, what does "breaking up" a company mean when used commonly among politicians? What would a broken up wells fargo look like? Google? Is there historical legislation doing this, ...
1
vote
0answers
54 views
What is the rationale of capping interbanking rates to values significantly lower than inflation rate?
Romania’s finance ministry announced some sort of "tax on greed" for banking sector:
Romania’s finance ministry plans to introduce a tax on banking assets
from 2019, seeking to cap the interbank ...
4
votes
0answers
241 views
What was the largest case of fraud involving TARP money (financial crisis bailout funds)?
There were hundreds of convictions for misusing TARP money given as bailout after the 2008 financial crisis.
The US government set up the Troubled Asset Relief Program (TARP) in October 2008 to ...
1
vote
0answers
52 views
How far up the banks' hierarchy did the LIBOR rigging convictions (and prosecutions) go?
It's been reported that a number of bank personnel were convicted for LIBOR rigging, although quite a few more were acquitted.
Barclay's CEO and chairman both resigned following the scandal, but ...
12
votes
2answers
2k views
How can Switzerland maintain a banking system which is almost unaccountable to the rest of the world?
The term "Money in the Swiss Banks" is used as a synonym to monetary corruption (black-money, money laundering, offshore wealth, and so on).
Indian black money in Swiss banks
$200bn of Pakistan in ...
