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Associated Press
31-07-2025
- Business
- Associated Press
Bank of England Governor Bailey & Former Fed Vice Chair for Supervision Quarles to Discuss 'Supervisors on Supervision'
STARLING ANNOUNCES GLOBAL STOCKTAKE ON SUPERVISORY REFORM NEEDS; PUBLIC EXPOSURE DRAFT OF REPORT TO BE ISSUED IN SEPTEMBER. WASHINGTON, VA, UNITED STATES, July 31, 2025 / / -- Starling today announced the pending launch of a new Deeper Dive report, 'Supervisors on Supervision,' following on the heels of a global stocktake exercise that has convened dozens of senior-most financial sector supervisors worldwide. The study collects emerging views regarding reform efforts aimed at culture risk governance and supervision. Building on calls-to-action sounded in its acclaimed Compendium series, on Monday 22 September Starling will release a Public Exposure Draft of the new report at an event hosted by the Forum on Financial Supervision, at the London School of Economics' Systemic Risk Centre. Andrea Enria, former Chair of the Supervisory Board of the European Central Bank, and a founder of the Forum on Financial Supervision, will lead the event. Starling CEO Stephen Scott will present the report's core findings, and Clay Lowery of the Institute of International Finance, will lead a panel discussion to involve senior industry figures who will explore the report's key themes. Randal K. Quarles, former US Federal Reserve Board Vice Chair for Supervision and past Chair of the Financial Stability Board, is chairing the Starling Insights stocktake effort and subsequent report production. To close out the evening, he will lead a fireside chat with Bank of England Governor and current FSB Chair Andrew Bailey, to explore the Starling report's findings and implications. Since the Global Financial Crisis, prudential and conduct regulators alike have identified organizational culture as a root-cause of misconduct scandals and the recurrent failure of risk governance systems. Post-mortem studies of the 2023 banking sector turmoil have consistently concluded that supervisory culture itself contributed to lapses in the oversight of such risks, and to the failure of Silicon Valley Bank and the near-collapse of Credit Suisse. And yet despite growing awareness of culture as a matter of supervisory, policy, and political concern, there has been no concerted global effort to define terms, agree upon a standard framework, or to identify metrics by which to gauge the efficacy of culture risk governance and supervision. 'I'm keenly aware that the most important aspect of a high-performing firm is its culture, and that building and maintaining a strong culture focused on making a fair long-term profit is probably the single most important task of a financial firm's leadership,' Quarles offered in remarks appearing in Starling's 2023 Compendium. 'We need a supervisory culture that is less focused on administration and more focused on key risks that can be measured and ameliorated — which again puts a premium on seeking to find ways to measure and monitor key cultural risks,' Quarles added. 'The more work we can do on identifying specific markers of culture, the more we can also make progress in developing ways to measure advancement in those markers, which is fundamental to making culture a subject of supervisory review,' Quarles said, pointing directly to the purpose of the Starling stocktake effort. 'Our 2025 Compendium highlighted a clear and urgent need to modernize culture risk governance and supervision,' said Stephen Scott, Starling's Founder and CEO. 'Contributors argue that this is central to maintaining the safety and soundness of institutions, to the promotion of economic growth and competitiveness, and to the restoration of supervisory legitimacy, which has suffered since the 2023 banking sector turmoil,' he added. 'We are honored to facilitate this crucial work, which brings together an unparalleled group of global leaders to establish a common baseline for what has come before and what areas are ripe for future development,' Scott said. The 'Supervisors on Supervision' report enjoys support from chapter co-chairs, including: Wayne Byres, former Chair of the Australian Prudential Regulation Authority; Elizabeth McCaul, a former Member of the Supervisory Board of the European Central Bank; Carolyn Rogers, Senior Deputy Governor of the Bank of Canada; and Fernando Restoy, Chair of the Financial Stability Institute. The report's release as a Public Exposure Draft is intended to solicit broad feedback from industry stakeholders, which will inform a Final Report to be released in early 2026. Registration for the London launch event is opening soon, and space is limited. Those with interest in attending the event should contact us at [email protected]. Media and others seeking information about the Supervisors on Supervision stocktake exercise may reach us at [email protected]. ABOUT THE STARLING COMPENDIUM The Starling Compendium ( ) chronicles efforts to bolster trustworthiness in the financial sector through improved culture and conduct risk governance and supervision. The report is widely read by policymakers, regulators, investors, boards, executives, standard-setting bodies, scholars, and the media, worldwide. Since its 2018 inception, Starling Insights has been entrusted with the curation of deep thinking from a remarkable group of nearly 200 leaders worldwide who have contributed to the series. ABOUT THE FORUM ON FINANCIAL SUPERVISION The Systemic Risk Centre at the London School of Economics launched the Forum on Financial Supervision in June 2025. The Forum seeks to trigger a lively debate on the most prominent issues on financial stability, by releasing written policy contributions from senior representatives from supervisory authorities, academia, and financial industry. The Forum hosts opinions on regulatory and supervisory issues with a broad coverage (microprudential, macroprudential, conduct, anti-money laundering, amongst others), for all the segments of the financial sector (banks and non-banks), and with a global perspective. ABOUT THE INSTITUTE OF INTERNATIONAL FINANCE The Institute of International Finance (IIF) is the global association of the financial industry, with about 400 members from more than 60 countries. The IIF provides its members with innovative research, unparalleled global advocacy, and access to leading industry events that leverage its influential network. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. Cameron Lawrence Starling Insights, Inc. [email protected] Visit us on social media: LinkedIn X Other Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Globe and Mail
30-07-2025
- Business
- Globe and Mail
Strategy Updates on ATM Programs and Bitcoin Holdings
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Strategy ( (MSTR)) has issued an update. Strategy, operating under the name MicroStrategy Incorporated, is a company involved in the financial sector, focusing on securities and bitcoin holdings. On July 28, 2025, Strategy announced updates regarding its at-the-market offering programs and bitcoin holdings. During the period from July 21 to July 27, 2025, no shares were sold under its ATM programs, and no new bitcoin purchases were made. The company maintains a dashboard on its website to distribute information about its securities and bitcoin holdings, encouraging investors to review this information regularly. The most recent analyst rating on (MSTR) stock is a Buy with a $195.00 price target. To see the full list of analyst forecasts on Strategy stock, see the MSTR Stock Forecast page. Spark's Take on MSTR Stock According to Spark, TipRanks' AI Analyst, MSTR is a Neutral. MSTR's overall stock score is primarily impacted by its weak financial performance and valuation metrics. However, the company's strategic focus on Bitcoin and positive earnings call sentiment provide some optimism. Technical indicators are neutral, but recent corporate events present mixed implications for future stability. To see Spark's full report on MSTR stock, click here. More about Strategy Average Trading Volume: 12,487,911 Technical Sentiment Signal: Buy Current Market Cap: $115.1B See more data about MSTR stock on TipRanks' Stock Analysis page.
Globe and Mail
30-07-2025
- Business
- Globe and Mail
Analysts Are Bullish on Top Financial Stocks: Coinbase Global (COIN), Customers Bancorp (CUBI)
There's a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Coinbase Global (COIN – Research Report), Customers Bancorp (CUBI – Research Report) and Lendingtree (TREE – Research Report) with bullish sentiments. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Coinbase Global (COIN) Mizuho Securities analyst Dan Dolev maintained a Buy rating on Coinbase Global today and set a price target of $505.00. The company's shares closed last Monday at $379.49. According to Dolev is a 5-star analyst with an average return of 8.1% and a 54.6% success rate. Dolev covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Fidelity National Info, and Affirm Holdings. ;'> Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $383.29, a -2.9% downside from current levels. In a report issued on July 23, Erste Group also initiated coverage with a Buy rating on the stock. Customers Bancorp (CUBI) In a report issued on July 24, Michael Diana from Maxim Group reiterated a Buy rating on Customers Bancorp, with a price target of $90.00. The company's shares closed last Monday at $65.74, close to its 52-week high of $68.49. According to Diana is a 3-star analyst with an average return of 2.2% and a 52.6% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Cullen/Frost Bankers. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Customers Bancorp with a $74.00 average price target, representing a 18.5% upside. In a report issued on July 24, Financial also maintained a Buy rating on the stock with a $85.00 price target. Lendingtree (TREE) J.P. Morgan analyst Melissa Wedel maintained a Buy rating on Lendingtree on July 24 and set a price target of $62.00. The company's shares closed last Monday at $48.20. According to Wedel is a 4-star analyst with an average return of 10.8% and a 68.7% success rate. Wedel covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, Blackstone Secured Lending Fund, and Oaktree Specialty Lending. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lendingtree with a $62.50 average price target, which is a 27.4% upside from current levels. In a report issued on July 24, KBW also maintained a Buy rating on the stock with a $66.00 price target.
Zawya
13-07-2025
- Business
- Zawya
Bank of Jordan named "Best Sub-Custodian Bank in Jordan for 2025" by Global Finance
Amman, Jordan: Bank of Jordan has been named "Best Sub-Custodian Bank in Jordan for 2025" by Global Finance, the New York-based international finance magazine. This recognition underscores the bank's commitment to excellence and delivering specialized banking services at global standards. Marking the second consecutive year and the fourth time in the bank's history to receive this prestigious recognition—in 2016, 2019, 2024, and this year—the accolade reflects Bank of Jordan's exceptional performance during 2024. The comprehensive evaluation conducted by Global Finance assessed the quality and efficiency of services, the ability to meet the requirements of local and international clients, business continuity, and the level of technological integration in service delivery. The evaluation was based on in-depth analyses by the magazine's editorial team, as well as surveys of financial analysts, consultants, and senior executives across the financial sector. Since launching its custodian services in 2014, Bank of Jordan has offered comprehensive solutions to local and international investors, including safeguarding client assets, managing portfolios, providing market updates, preparing comprehensive reports, and settling stock transactions on clients' behalf. These services are supported by a professional team of experts, a modern technological infrastructure, and advanced operating policies that ensure adherence to the highest standards of quality and professionalism. This recognition highlights Bank of Jordan's continued efforts to reinforce its leadership in the custodial services sector and its ongoing efforts to expand these services in line with evolving market needs. The bank is dedicated to investing in technology, enhancing operational processes, and delivering a banking experience grounded in innovation and reliability. It is worth noting that Bank of Jordan, established in 1960 as one of the first national banks in Jordan, has grown into a leading regional financial institution with operations in Bahrain, Syria, Iraq, and Palestine, alongside its home market, and is pursuing further expansion into new markets.
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Raymond James Financial (RJF) Receives a Rating Update from a Top Analyst
Citi analyst Christopher Allen maintained a Hold rating on Raymond James Financial today and set a price target of $165.00. The company's shares closed last Thursday at $160.00. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Allen covers the Financial sector, focusing on stocks such as Charles Schwab, BlackRock, and Interactive Brokers. According to TipRanks, Allen has an average return of 28.6% and an 82.38% success rate on recommended stocks. Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $155.10, which is a -3.06% downside from current levels. In a report released on June 26, TD Cowen also maintained a Hold rating on the stock with a $152.00 price target. Based on Raymond James Financial's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.79 billion and a net profit of $495 million. In comparison, last year the company earned a revenue of $3.61 billion and had a net profit of $475 million Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RJF in relation to earlier this year. Most recently, in May 2025, Bella Loykhter Allaire, the Chief Admin Officer of RJF sold 6,570.00 shares for a total of $963,227.70.
