Malta: APS Bank Delivers Best-ever Half-yearly Results, To Pay Interim Dividend

The Board of Directors of APS Bank plc met on 27 July 2023 and approved the attached Condensed Interim Financial Statements, reviewed by Deloitte Audit Malta, for the period ended 30 June 2023.

In the first half of 2023, conditions for the world economy to move towards a soft landing receded amid stubbornly high inflation and financial sector turmoil. Policymakers also took forceful actions to stabilize financial systems and avoid that the Silicon Valley Bank […]

By | July 19th, 2023 ||

A Look Inside California’s Commercial Financing Disclosure Regulations

Nancy Thomas and Calvin Funk authored an article for The Banking Law Journal looking at the core disclosure requirements of the regulations recently issued under California’s new commercial financing disclosure law and some of the key issues that providers will need to navigate as they prepare compliance disclosures. “The California Office of Administrative Law has approved the Department of Financial Protection and Innovation’s [DFPI] final regulations implementing California’s first-of-its-kind commercial financing disclosure law,” the authors […]

By | November 29th, 2022 ||

US Federal Reserve Proposes Publishing List Of Institutions With A Master Account

On November 4, 2022, the Board of Governors of the Federal Reserve System (Federal Reserve) proposed to periodically publish a list of depository institutions that have access to Federal Reserve accounts—often referred to as “master accounts”—and payment services.1 This proposal would reverse a position that the Federal Reserve adopted in its recent account access guidelines and is intended to bring greater transparency to an arcane area of federal banking law. However, even if the proposal […]

By | November 20th, 2022 ||