Financial managers need to know what to expect, but in the UK with the inevitability of Brexit there are as many or more unknowns as there are knowns, especially in relation to trade and trade finance. To reduce risks, policymakers who negotiate the terms of the Article 50 process should consider from the start how their decisions will affect trade and its finance.
During his election campaign, US President Donald Trump promised to be a human boon to the US construction industry, one of the nation’s most vital and influential. As the days have ticked away since his inauguration, have the new administration’s policies made a difference for the industry, or added to its uncertainty about what the future really holds?
For the last two years articles have been talking about how blockchain will transform both the banking industry and people’s lives. However, there have been few, if any, practical examples of where and how this will actually occur.
On May 24, Moody’s reported that it had downgraded China’s long-term local currency and foreign currency issuer ratings from Aa3 to A1. With the downgrade, China’s credit rating is now on a par with those of Israel, Japan and Saudi Arabia.
An ounce of prevention is worth a pound of cure, particularly in the sphere of AML-compliance in the banking industry. Yes, it is costly to establish an effective AML-control structure, but non-compliance costs can be much more taxing—so how do financial firms institute cultures of compliance throughout their operations that ultimately minimize risks to all parties involved and increase enterprise value?
During his campaign, US President Donald Trump was short on praise for Federal Reserve Chair Janet Yellen. But since taking office in January, he has softened his public remarks about her low interest-rate policies, and there is even the possibility that he might re-nominate her in 2018. Would the reappointment of an avowed monetary-policy dove work for or against his economic plans in the future?
It’s safe to say that the Brazilian government has had a trust problem in recent years, and that this disconnect from approved practices has detrimentally affected its once vigorous economy. The IMF, in its recent Fiscal Transparency Evaluation for Brazil, took a close look at the areas in which the South American titan is succeeding and failing to live up to fiscal-transparency expectations.
The economy of the United States, the world’s largest in terms of nominal gross domestic product (GDP), has been the subject of much speculation; any effect on the US economy has a butterfly effect on the global market.
The stability of the global economy continues to oscillate between intermittent recovery and general unease, and the new US presidential administration stands at the crux of its ongoing uncertainty. Various international incidents have influenced the condition of the global economy—the ongoing Brexit saga
The drive to unite the world’s economies into one homogeneous, cooperative melting pot has hit a roadblock: the ascendancy of populism. In the UK, the US and elsewhere, protectionism and national sovereignty have gained increasing support among voters, causing widespread concerns about the survival of global trade and immigration as we know it.