852. News: The first American bank failure of 2024, as Visa launch US open banking
Fintech Insider Podcast by 11:FS
Bank Failures, Compliance, and Regulatory Environment
The chapter delves into the reasons behind the failure of Republic First Bank, emphasizing a high concentration of commercial real estate in its loan portfolio and the need for proactive measures to prevent such failures. It also discusses past failures like Wirecard, underscoring the importance of compliance and risk management in the banking sector. Furthermore, it explores the impact of new anti-money laundering regulations in the EU on cryptocurrency transactions and the necessity for the crypto industry to address regulatory challenges for sustainability.
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