Germany’s economy entered recession in Q1 – Industry roundup: 25 May
by Graham Buck
Two banks breached UK competition rules; South Africa hikes rates for 10th time ; Citi drops Banamex sale plans; AIIB plans emergency funding
Risk Management
Background
Risk is the potential that a chosen action, including the choice of inaction, will lead to a loss or an undesirable outcome. Any business carries some risk, but some are much more risky than others.…
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India announces end of the 2,000 rupee banknote – Industry roundup: 23 May
by Graham Buck
Bank of Israel hikes rates again; Book claims state-sponsored Libor rigging in 2008; US companies rush to borrow; Study identifies ESG pay boost in US
Election uncertainty pushes Turkish lira to record low – Industry roundup: 16 May
by Graham Buck
China opens new Swap Connect prog; Singapore's new anti- crime platform; Thailand's economy buoyant in Q1; Amex closing non-US business FX ops
Cost of US credit default swaps soars – Industry roundup: 11 May
by Graham Buck
HK overnight funding rates soar; Crypto exchange Bittrex files for bankruptcy; Bank opinion divided on ESG; Visa CBDC project aids Brazil’s farmers
Clock ticking for US government debt ceiling rise – Industry roundup: 9 May
by Graham Buck
Malaysia-Indonesia payments link; Europe banks on bigger gas price drop; Apple returns to bond market; Free trade benefits for Africa outlined
South Korea to open climate tech hub in 2024 – Industry roundup: 4 May
by Graham Buck
US retailers welcome FedNow; Covid creates need for extra training; Fed hints at easing rate hikes; SocGen warns of credit crunch fallout
JP Morgan comes to rescue of First Republic – Industry roundup: 2 May
by Graham Buck
UK chip designer Arm opts for US listing; Deutsche Bank buys Numis for £410m; HSBC plans US$2bn share buyback; Latin America growth surprise
BRICS flexes muscles as it challenges US dollar – Industry roundup: 25 April
by Graham Buck
China, Singapore unite on sustainable finance; Chile to nationalise lithium reserves; Meloni upbeat on MPS sale; Zimbabwe's digital currency plans
Japan’s SMFG is first to resume CoCo bonds – Industry roundup: 20 April
by Graham Buck
ChatGPT "can decipher Fed speak"; Greek economy wins seal of approval; Red flag reappears in corporate bonds; Tanzania in rare earth development deal
Report says banks allocated US$66bn to fossil fuels in 2022 – Industry roundup: 18 April
by Graham Buck
Bank support shrinks for North Sea firms; UK's CFOs more upbeat; Brazil's BNDES signs deal with China; BIS head warns on financial stability
The next big risk in cybersecurity: cryptojacking and IoT malware attacks
by Pushpendra Mehta , Executive Writer, CTMfile
A record-breaking rise in cryptojacking and IoT malware attacks should serve as a wake-up call for treasury, finance and security executives.
AI set to transform supply chain management – Industry roundup: 13 April
by Graham Buck
Canada keeps rates on hold; Renminbi share of trade finance grows; Mastercard adds Cross-Border Services Express; Tranglo expands into Europe
Low interest rates will return, IMF predicts – Industry roundup: 11 April
by Graham Buck
Emerging economies face debt crunch; Covid "decimated EM forex reserves"; Indonesia plans free trade deal with US; Tunisia is latest BRICS contender
India’s Icegate system snarls up supply chains – Industry roundup: 6 April
by Graham Buck
EU Chips Act set to get go-ahead; UAE's digital currency moves forward; Alibaba restructure divides opinion; Mastercard demands greener plastic
More South Korean companies issue corporate bonds – Industry roundup: 4 April
by Graham Buck
Cineworld emerges from Chapter 11; Squeeze tightens on MTS Bank; Credit Agricole expands in China; Tranglo adds instant SEPA payout to Europe
Alibaba outlines plans to split six ways – Industry roundup: 30 March
by Graham Buck
UK toughens LDI funds policy; Credit Suisse merger benefits rival; "Terrible risk management" caused SVB demise: China settles first LNG trade in yuan
Financial markets calmer, but IMF warns of turbulence ahead – Industry roundup: 28 March
by Graham Buck
Bank turmoil "could upset LIBOR transition"; Wind sector faces supply chain crunch; APAC corporates look closer to home; Macau launches MCEX platform
Top actions CFOs are taking after recent bank failures
by Pushpendra Mehta , Executive Writer, CTMfile
Following the recent bank collapses, re-evaluating risk and viability of current funding sources rank among top actions for finance chiefs.
Federal Reserve moderates US interest rate hikes – Industry roundup: 23 March
by Graham Buck
Commodities finance "resistant to turmoil"; IMF support package for Ukraine; Digital currency firms go Swiss; Nigeria cash shortage boosts eNaira
Bundesbank sees Germany’s economy heading for recession – Industry roundup: 21 March
by Graham Buck
ISO 20022 coexistence underway; Russian court freezes VW's assets; South Africa launches rapid payments prog; Mongolia debuts first green bond
After collapse of two US banks, what comes next?
by Pushpendra Mehta , Executive Writer, CTMfile
The banking turmoil has sparked contagion concerns and may force the Fed to halt rate hikes and regulators to strengthen regulation.
Credit Suisse gets US$54 billion state help – Industry roundup: 16 March
by Graham Buck
Bank of America gain from SVB failure; India "uses SWIFT for Russia dollar trade"; US regulators differ on stablecoin; Binance ends sterling transfers
Damage limitation continues after US bank failures – Industry roundup: 14 March
by Graham Buck
Power outages pressure SA banks; Three emerging new financial hubs; Argentina's debt swap; Viterrra gets sustainability-linked funds
India in new push for digital payments – Industry roundup: 9 March
by Graham Buck
EU set to launch green subsidy scheme; Turkey raises US$2.25bn in bond deal; Credit Suisse delays 2022 annual report; More UK manufacturers re-shore