Some additional information... I find the Bank of England
banking problems coming at the same time the Panama situation is happening of
interest. Marilyn
Bank Of England Experiencing Technical Difficulties
When markets break, nobody cares: after all
central banks are there to protect everyone and remove all risk. But... what
happens when a central bank fail? Just
relesed by the BOE:
I COULDN'T TELL WHERE DURDEN'S TEXT ENDED AND MARILYN'S STARTED, POSSIBLY HERE...? ANYWAY, USEFUL INFO. I NOW GIVE MYSELF PERMISSION TO WORRY. A LITTLE. MAYBE. DONNews Release – Statement from the Bank of England
The Bank has been experiencing some technical IT problems today. There is no impact on critical payment and settlement services. Alternative procedures are in place where necessary. The Bank is acting to resolve these problems as soon as possible
Is the Syrian electronic army finally getting
amibitious and how long until FedLine/FedWire
are in danger?
According to Wikipedia (not the best source, I know, but on
this kind of thing they are seldom wrong):\
The National Bank of Panama (Spanish: Banco Nacional de
Panamá) is one of two Panamanian government-owned
banks. As of January 2009, it held deposits of about US$5 billion. The other
government-owned bank is Caja de Ahorros, [THIS IS IN FACT
A BANK THAT WAS MENTIONED BY A GUY IN THE SUPERMARKET AS ALSO BEING
SHUT DOWN. DON] with about US$1 billion in total
deposits. I don’t believe all of them are wrong and I’m not looking for
a
way to sensationalize anything. Perhaps your Panamanian friend should
look
a little further before making such assumptions??? [I THINK THIS IS MARILYN'S TEXT NOW BUT DON'T KNOW WHO THIS PANAMANIAN FRIEND IS OR WHAT ASSUMPTIONS ARE MEANT. DON] MB
The fact that it is owned by the Panama government is what
gives the story some credence. [NOT SURE WHAT STORY. DON] Also:
HSBC Bank (Panama) S.A. is a subsidiary of HSBC
Holdings plc head-quartered in Panama City, Panama. The
bank provides Personal banking, Corporate banking and
Treasury
services to Panama.
This is significant because this story has also come
out: http://www.zerohedge.com/news/2013-09-26/bank-england-experiencing-technical-difficulties
I do not believe all of them are wrong... From Banco
Nacional de Panama’s Web site:
[TRANSLATION GIVEN BELOW PER GOOGLE TRANSLATE, some changes made by me. DON]
Sucursales del Banconal estarán cerradas dos días
-
La suspensión de servicios incluye la
inhabilitación de las tarjetas CLAVE Banconal para uso en comercios, cajeros
de la entidad y cualquier otro cajero de la red.
-
Viernes 27 de septiembre: Todas las
sucursales atenderán solamente hasta las 12:00 mediodía.
- Sábado 28 de septiembre: Cierre Total.
- Lunes 30 de septiembre: Cierre Total.
- Sábado 28 y domingo 29 de septiembre.
“Esta suspensión es necesaria para implementar la Fase II del proceso de actualización de la plataforma tecnológica de la entidad que tenía 30 años y que el año pasado empezó a modernizarse, para ofrecer un servicio más óptimo a todos los clientes y seguir aumentando la red sucursales en el país”, señaló Darío Berbey, Gerente General del Banconal.
Para minimizar la afectación a los clientes y usuarios, la Contraloría General de la República, el Ministerio de Economía y Finanzas y el Banconal, coordinaron el adelanto de pago de planilla a los funcionarios públicos. Cada entidad debe hacer sus trámites internos para cumplir con esta recomendación y minimizar las afectaciones.
En cuanto al pago de impuestos para el 30 de septiembre, el Banco Nacional de Panamá informó a los contribuyentes que pueden hacer el pago de sus impuestos en las oficinas de la ANIP o la Caja de Ahorro, que fueron informadas previamente.
Gerencia Ejecutiva de Mercadeo Institucional
That translates to:
Branches will be closed two days BanconalThe suspension of services includes disabling Banconal KEY cards for use in retail , cash of the entity and any other ATM network .
The National Bank of Panama reiterates its customers the following suspension of service, to be informed in advance so that the majority of users to make their future plans .
Friday September 27 : All branches will be open only until 12:00 noon.
Saturday September 28 : Total shutdown.
Monday September 30 : Total shutdown.
The statement also indicated that the suspension of service Banconal debit card (KEY--THIS WAS NOT TO BE TRANSLATED. IT IS A TRADE NAME: CLAVE ) will be observed on the following days :
Saturday 28 and Sunday 29 September.
During these two days , Banconal KEY [CLAVE] cards are disabled for use at ATMs of both the agency and the rest of the country's banking network . The cards also may be used for payment at affiliated stores (supermarkets , pharmacies , restaurants , gas stations, etc. . ) Or point of sale , on the dates indicated .
" This suspension is necessary to implement Phase II of the upgrade process of the technological platform of the agency that was 30 years old and began to be updated last year, to provide a more optimal service to all customers and further increase the branch network in the country, "said Dario Berbey , General Manager Banconal .
To minimize the effect on customers and users , the Comptroller General of the Republic, the Ministry of Economy and Finance and the Banconal coordinated the payroll advance payment to public officials . Each agency must make their internal processes comply with this recommendation and minimize the damages .
With regard to payment of taxes for the September 30 , the National Bank of Panama informed tax payers that they can make the payment of taxes in the offices of the Anip or Caja de Ahorro [Savings Bank] , which have already been informed .
Executive Management, Institutional Marketing
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