Latest news with #risk management
South China Morning Post
18 hours ago
- Business
- South China Morning Post
Temper ‘excessive' stablecoin excitement, Hong Kong Monetary Authority chief warns
For the second time in a month, Hong Kong's de facto central bank sought to temper excitement surrounding stablecoins, warning against overly vague concepts and operations, stock speculation and money-laundering risks. Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said in a blog post on Wednesday that efforts to cool down discussions about stablecoins in the market and society over the past month required some strengthening. 'We need to guard against excessive market and public opinion speculation,' he said. Hong Kong's stablecoin ordinance, which passed in late May and will take effect on August 1, requires issuers to obtain a licence from the HKMA and meet strict requirements on reserve assets and other factors. 'Dozens of institutions' got in touch with the HKMA either wanting to apply for licences or explore possibilities, Yue said. Next week, the HKMA will set out arrangements for accepting and processing licence applications. It will also aim to publish the results of two consultations around the same time: on guidelines for supervising licensed stablecoin issuers and for anti-money-laundering and counterterrorism financing requirements for regulated stablecoin activities. Without naming names, Yue said that some of the institutions considering stablecoins failed to propose feasible, specific solutions and implementation plans, or lacked risk-management awareness and ability. 'Many of them are still at the conceptual stage, such as proposing to improve cross-border payment efficiency, support the development of Web 3.0 [or] improve the efficiency of the foreign-exchange market, but lack practical application scenarios,' he said. A 'bubble' could be forming, which deserved more attention, as some listed companies' stock prices and trading volumes surged simply because they claimed an intention to develop stablecoin operations, 'regardless of whether their main business is related to stablecoins or digital assets', he added.
Yahoo
6 days ago
- Business
- Yahoo
Moody's (MCO) Stock Adjusted by UBS Despite Strong Q1 Performance
Moody's Corporation (NYSE:MCO) ranks among the . Alex Kramm, a UBS analyst, maintained a Neutral rating on Moody's Corporation (NYSE:MCO) while reducing the stock's price target from $515 to $445 on July 8. Strong debt issuance, recent equity market growth, and positive foreign currency movements were the main factors that caused UBS to adjust its predictions. The firm contends that even though the group underperformed the market overall over the past three months, many stocks continue to possess high valuations. Amidst a surge in bond issuance and a strong momentum in its analytics section, Moody's Corporation (NYSE:MCO) reported solid financial results for the first quarter of fiscal 2025, surpassing earnings projections. However, given the current volatility in the market, the company reduced its guidance for the full year. Moody's Corporation (NYSE:MCO) is an integrated risk assessment company that provides credit research, credit models, analytics, and economic data as part of its risk management services. While we acknowledge the potential of MCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
BBC News
16-07-2025
- Business
- BBC News
Barclays fined £42m for poor money laundering checks
Barclays Bank has been fined £42m by the UK's financial watchdog for failures in its money laundering risk Financial Conduct Authority (FCA) said Barclays had not properly vetted two of its clients, Stunt & Co and FCA said Barclays "facilitated the movement of funds linked to financial crime" by providing services to Stunt & Co and said there was "an increased risk" of client money misappropriation or money laundering from its failure to check has been approached for comment.
Arabian Business
14-07-2025
- Business
- Arabian Business
Author Archives: Carl Sykes
Carl Sykes, CEO of Neptune P2P Group. Carl spent 18 years in the British Royal Marines and Special Boat Service and saw active service in conflict zones such as Northern Ireland, Iraq, Sierra Leonne, Bosnia, Indonesia and Afghanistan. Since leaving the Armed Forces in 2004, he has worked in the private security industry in a variety of security management roles ranging from physical protection to managing complex operations in difficult and unstable environments. In 2009 Carl established Neptune Security Group a Private Maritime Security Company (PMSC) specializing in protecting maritime assets operating in High Risk Areas such as the Gulf of Aden and Gulf of Guinea. In 2012 the company set up in the United Arab Emirates and expanded its Security Risk Management division providing consultancy and intelligence services to organizations working in the Africa, Middle East and Asia (AMEA) regions. Carl oversaw the merger with Port2Port Maritime Security in 2016 to form the Neptune P2P Group. Carl works from the Group's Headquarters located in Dubai and liaises closely with his counterpart Managers in the Groups regional offices in the UK and France. Carl is responsible for the overall strategy of Neptune P2P Group and maintains effective formal and informal links with Private, Corporate and Government clients. Why Gulf ports must rethink risk to maintain commercial advantage by Carl Sykes Smart ports are not just high-tech ports. They are intelligent systems built around rapid risk identification.
Bloomberg
14-07-2025
- Business
- Bloomberg
PBOC Supports Banks' Moderate Bond Buying, Flags Excessive Risk
Markets China's central bank is encouraging smaller lenders to invest in sovereign bonds 'within reasonable limits,' while continuing to caution against excessive risk-taking. Medium-to-small banks should balance returns with risk management in their bond investments, Cao Yuanyuan, director of the People's Bank of China 's Financial Market Department, said at a press briefing on Monday. Financial institutions with aggressive bond portfolios should remain vigilant about interest rates and credit risks, Cao said.
