1. Nostro Account: An account a bank holds with a foreign bank. For instance, a Ukrainian bank may have a Nostro account with a German bank. 2. Vostro Account: An account a foreign bank holds with ...

Global efforts to tame ballooning risks outside the banking system are losing steam, the Financial Stability Board said on Monday, with a top official warning it will take longer than expected to get ...

In the global economy, there is an emerging culture shift where the financial industry is changing at a very rapid speed, and this change is led by the digitization of processes. Individuals require ...

Above the Genesee River Gorge High Falls in Rochester, New York. (Photo by J. Stephen Conn / CC BY-NC 2.0 DEED) This is your first of three free stories this month. Become a free or sustaining member ...

This paper focuses on Canada’s Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision report. Banking supervision in Canada is well-functioning and mature, ...

The study found that introducing data portability in the insurance sector could save Canadians between $1.1 billion and $3.8 billion in annual costs. These savings come from switching to lower-priced ...