Sweeney’s Blog Loan, Mortgage And Medical Information

13Nov/08Off

CBI: Interbank Corporate Banking

The CBI, which in full means Interbank Corporate Banking, is a system that allows you to interact easily between banks.
The system was implemented, not only to facilitate the inter-relationships between banks that have business relationships, but also to improve safety in routine banking transactions that take place every day.

  • centralizes the relationship of an enterprise to the entirae banking system, in one place;
  • provides a broad range of financial functions, information and communications;
  • always uses the same communication standard;
  • provides a personalized service to the needs of the individual enterprise;
  • allows the possible integration with business processes;

Besides
Interbank Corporate Banking, known as CBI, is an electronic banking service that allows a company of any size to work directly through your computer, with all banks with which it maintains relations.
Conducted under the coordination of the Abbot, it is proposed to ensure adequate business customer service levels, including through the monitoring of compliance with the rules.

In particular, the CBI: centralizes the relationship of an enterprise to the entire banking system, in one place, provides a broad range of financial functions, information and commercial uses the same communication standard, providing a service based on cooperation of banks, without reducing the space competitive.
CBI services offered by banks are conveyed through an infrastructure governed by the Consortium CBI. The CBI network connects approximately 690 banks and more than 740,000 companies in optical end-to-end, and enables a range of innovative services, compliant with international standards, not only relating to the management of payment / collection (SEPA compliant) but also to the document management, reporting and reconciliation.
The project is coordinated by 'ABI and several banks are joining.

The idea was born in 2000 and to date has had a huge success in membership.
Now in these last two years it was thought to develop and improve the CIB creating CIB2.
While the CIB was drawn to a system, now the two CIB2 works similarly to the peer to peer and is called the end to end.
In essence, the interbank network and lets you further reports of various kinds.

2Oct/08Off

Faissola bank confirms the stability of internationalization to the forum

At the forum the President of internationalization Abi Faissola said as announced in spite of the crisis, banks have not had the slightest sign of failure:

At a time of tension and difficulty of the market as the present one, the Italian banking sector has shown strong and stable and is continuing to support the internationalization strategies of firms, looking with particular interest to Gulf countries.

In Italy there has been no default bank and no bank has used capital injections from the state, why did not need it
As mentioned a few weeks earlier with a press release, the President of Abi wanted to emphasize the concept expressed, before the financial crisis hit the country.

His assertions are correct, but the economic situation remains critical.
The statements reflect its position as guarantor of the economic system: it could mean the opposite?

Faissola is aware that the real "sword of Damocles" is the loss of investor confidence in the banking and financial system.
As long as the weather will be stormy, no investor will be encouraged to take the risk just by listening to mere assurances.

11Sep/08Off

Banca Mediolanum and problems with Lehman

Banca Mediolanum is the main bank was exposed to default by the banks Lehman.

According to the Sole24ore his speech is:
The exposure of the customer led to Lehman Ennio Doris is 160 million, market value of policies to August 29, the nominal value of 213 million. These are policies where the risk is insured in the head. "We are monitoring the situation and working to reduce the impact on customers," says a spokesman for Mediolanum. Overall exposure to Lehman represents 0.5% of total assets of customers.

The problem is so significant that Ennio Doris was from his uncomfortable chair for publicity so reassure its customers.
Certainly, the gesture is appreciated; so far Mediolanum has been the only bank that wants to at least give the impression of being close to its customers.

And even with the facts is moving in favor of customers.
The Lehman story will be resolved in fact taking the cost of error in investment made it back without customers.

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