American consumers are using debit cards more than ever before, triggering key changes in the payment card industry and affecting how banks and merchants do business.
Controversy has arisen as the industry raised the fees it charges on merchants for debit transaction processing—fees that merchants may pass on to consumers, affecting the [...]
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Posted on January 9th, 2013
Highlights:
Financial services firms will spend between USD 270 billion and USD 460 billion on IT in 2013 globally. IT cost figures in banking are estimates and differ substantially between different sources.
Measured as a percentage of revenues, financial services firms spend more on IT than any other industry. Banks’ IT costs equal 7.3% of their revenues, [...]
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Posted on January 9th, 2013
The performance of securitisation exposures and the central role they played during the recent financial crisis were a key motivation for the Basel Committee to perform a broader review of its securitisation framework for regulatory capital requirements. The Committee’s objectives are to make capital requirements more prudent and risk-sensitive; to mitigate mechanistic reliance [...]
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