To offer real value to investors, clients and partners, fintech companies need to balance opportunity, solution maturity and a sustainable business model, writes Dan Barnes.
The banking industry is facing massive disruption, not just from the new entrants in the market but also from regulatory pressures across many jurisdictions, writes Justin Pugsley.
Banks are investing vast sums into digital programmes but are not yet reaping the benefits. Joy Macknight examines where banks are focusing on in order to create – and capture – value in digital.
After a tsunami of scandals comes the reckoning. But are financial institutions ready to do some soul-searching and rethink how they add value to society? Joy Macknight investigates.
We examine Monte dei Paschi di Siena, the bank at the epicentre of the crisis in Italy. Last week OPEC moved to rescue oil prices. Will companies now rush back into exploration? And how the birth of a new motorbike in downtown New York could revitalise inner-city manufacturing
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DIPLOMATS from various countries have spent the past few weeks booking suites at the Trump International Hotel in Washington in the hope of ingratiating themselves with president-elect Donald Trump. The Industrial and Commerical Bank of China, whose majority stakeholder is the Chinese government, rents office space in New York City’s Trump Tower. The 35-storey Trump Office Buenos Aires development is awaiting approval from that city’s government. These are just a few of the unprecedented conflicts of interest presented by Mr Trump’s decision to retain his business empire and hand its management over to his children. No law obliges Mr Trump to sell his assets or place them in a blind trust, though nine of the 12 presidents since the second world war have done so. But when his businesses accept money (or anything of value) from foreign governments or state-owned entities, Mr Trump may nevertheless be breaking the law. In fact, he may be violating the Constitution of the United States—and specifically, a section known as the Emoluments Clause.Article I, Section 9, Clause 8 of the constitution states that no American officeholder shall, “without the consent of the Congress, accept of any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign …
Revisions to the Basel 3 standards remain incomplete
Small overdraft in Chile
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Why a strengthening dollar is bad for the world economy
Small overdraft in Chile
A STEEP climb awaited the Basel Committee on Banking Supervision in Santiago on November 28th and 29th. The central bankers and regulators hoped to agree on revisions to Basel 3, the post-crisis version of bank-capital standards. On November 30th Stefan Ingves, the group’s chairman and head of Sweden’s central bank, said that “the contours of an agreement are now clear”. But the climbers are still short of the summit.
The committee had proposed restricting the use of banks’ internal models for calculating risk-weighted assets—which in turn help determine how much capital banks must have at hand. Models varied too much, it said; low …