Tag: Financial Regulation
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Pakistan Moves to Cut Bank Financing Reliance with SECP-led Market Reforms
Overview: A Shift from Bank Dependency to Capital Markets The federal government, in collaboration with the new leadership of the Securities and Exchange Commission of Pakistan (SECP), has reaffirmed its commitment to a broad reform agenda aimed at reducing the country’s reliance on traditional bank financing. The policy focus centers on expanding the role of…
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Trump Eyes Kevin Warsh as Fed Chair: What It Could Mean for Monetary Policy
Overview: Trump’s Nominating Move Signals a Shift at the Fed According to three people familiar with the matter, President Donald Trump is preparing to nominate former Federal Reserve governor Kevin Warsh to replace Jerome Powell as chairman of the Federal Reserve. The leadership change would position Warsh at the helm of the central bank, charged…
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Navigating the Legal Framework: Challenges in Pakistan’s Islamic Banking Sector
Introduction Islamic banking in Pakistan has grown rapidly as lenders seek Sharia-compliant solutions that replace conventional interest-based products with asset-backed and risk-sharing structures. While the sector presents clear benefits—financial inclusion for a broader population, ethical investing, and stable funding models—it also faces a series of legal and regulatory hurdles. Understanding the legal framework and its…
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Islamic Banking in Pakistan: Legal Framework Challenges and Opportunities
Overview of Islamic Banking in Pakistan Islamic banking in Pakistan has emerged as a robust segment of the financial system, guided by Sharia principles that avoid interest and emphasize asset-backed, risk-sharing transactions. The sector has grown rapidly in the past decade, driven by demand from both consumers and businesses seeking compliant financial services. Yet with…
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SC Seeks Status Reports from CBI, ED on Anil Ambani Group Bank Fraud Probes
Supreme Court Demands Updates from CBI and ED The Supreme Court on Friday directed the Central Bureau of Investigation (CBI) and the Directorate of Enforcement (ED) to file status reports on their ongoing investigations into alleged bank fraud perpetrated by the Anil Dhirubhai Ambani Group (ADAG) companies. The move signals a heightened judicial interest in…
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The CFPB’s Turbulent Year Under a Trump-Era Return: Navigating New Challenges
The Context: A Return to a Transforming Landscape When former President Donald Trump returned to the political arena, the Consumer Financial Protection Bureau (CFPB) found itself navigating a renewed wave of scrutiny and change. The bureau, created in the aftermath of the 2008 financial crisis to shield consumers from predatory lending and other abusive financial…
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Navigating a Turbulent Year at the CFPB Under Trump’s Return: What the Data, Dockets, and Districts Tell Us
Introduction: The CFPB’s Shifting Landscape Since President Trump resumed the Oval Office, the Consumer Financial Protection Bureau (CFPB) has faced a dynamic and often turbulent period. The agency, created after the 2008 financial crisis to protect consumers in financial markets, has seen policy pivots, leadership changes, and a recalibration of priorities. This article examines what…
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Iran’s Central Bank and a Farage-Backed Cryptocurrency: What the Report Really Suggests
Overview: A Far-Reached Claim in Crypto and Banking A new report from Elliptic, a trusted crypto-analytics firm, alleges that Iran’s central bank has used large quantities of a cryptocurrency championed by political figure Nigel Farage. The revelation, if corroborated, highlights how sanctioned economies may explore crypto in ways that complicate traditional financial policing. According to…
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FCA Faces Backlash Over Push to Increase Office Attendance
What’s changing and why it matters The Financial Conduct Authority (FCA) is poised to instruct its staff to increase their days in the office, a move that marks a significant shift from recent flexible working norms. The decision, described to Sky News as a formal directive to boost in-person attendance, signals the regulator’s intent to…
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Canadian Accounting Firm Faces $12M Bill for Greg Martel Ponzi Bankruptcy
Overview: A High-Cost Chapter in a Widely Timed Ponzi Case The fallout from Greg Martel’s Ponzi scheme continues to reverberate through the lives of more than 1,700 investors in Victoria, British Columbia. As the bankruptcy process unfolds, newly released documents show that the accounting firm appointed to supervise Martel’s affairs could bill an estimated C$12…