International Banker | Authoritative Analysis on International Banking

Time 2020-10-23 15:04:14

Web Name: International Banker | Authoritative Analysis on International Banking

WebSite: http://internationalbanker.com

ID:91765

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Authoritative,Banker,International,

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While banks are easy targets to blame, the recent leaks of suspicious-activity reports—revealed by BuzzFeed News in September—instead confirmed that they are fulfilling their roles in the fight against international money laundering. Rather, it is the whole system that is on the verge of collapse and needs to be rethought. By now, it is clear that the global coronavirus pandemic and the government-mandated lockdowns that have resulted have had an unprecedented impact on the global economy. But perhaps what has not been sufficiently illuminated to date is just how critical the situation has become for those groups most at risk from this downturn. Middlemen. They have long played an important role in the sustained functioning and revenue-generating ability of the global finance industry. By operating as a crucial link between the providers of capital and the end-users of capital, these intermediaries have been pivotal in enabling financial and monetary systems to operate effectively. When examining the success of the world’s biggest companies, it is astounding to chart just how quickly many of them have been able to create value for their users and, in doing so, attain their status of “apex predator”. More often than not, moreover, it has been their skills at exploiting network effects that have enabled them to achieve such dominance. Digital ledger technologies and crypto-assets have evolved from obscurity to prominence in recent years, bringing with them opportunity and risk. Initially regulators focussed primarily on mitigating risks to consumers but as the applications of the technology have continued to evolve the principle of technological neutrality demands a more adaptive approach. The challenge now is to harness the benefits for EU citizens of scaling up business applications whilst continuing to effectively mitigate the risks. The EBA shows the way. Discussions regarding the pros and cons of issuing central bank digital currency continue around the world, and discussions evolved into issuance of digital collector coin in, Lithuania. In July, the Bank of Lithuania released the LBCOIN, “the world’s first blockchain-based digital collector coin”. Now that its first-of-its-kind digital collector coin is out, the BoL is setting an example to other central banks in an experiment that is exciting but immersed in its share of yet-to-be-answered questions. The investment-management industry is undergoing arguably its most disruptive period ever. Thanks to a new wave of disruptive technologies, the very concept of investing is being transformed from a practice that was relationship-driven Due to the unique challenges that have arisen from the pandemic-induced lockdowns, 2020 has been a tough year for many industries around the world—not least for the auto industry. As COVID-19 cases continue to emerge in earnest, government restrictions that remain in place to this day throughout much of the world International Banker SubscriptionMonthly NewsletterSign up for the International Banker newsletter.Full NameEmail AddressBy subscribing I accept the privacy rules of this siteMost Recent ContributorsTohid Atashbar Majlis Research Center (MRC) of IranThomas Hovaguimian Checkout.comSteven Beck Asian Development Bank (ADB)Simon Kent KearneySimon Barry Harrods EstatesRichard Crecel Global Credit Data (GCD)Piers Haben European Banking AuthorityPeter Reisman Bank of China USAPaolo Garonna Italian Banking Insurance and Finance Federation (FeBAF)Nir Sadeh The Bank of NT Butterfield Son LimitedNanda Kumar SunTecMiles Celic TheCityUKMichael Fratantoni Mortgage Bankers AssociationMelanie Maier EntersektMartynas Pilkis Bank of LithuaniaLord Leigh Cavendish Corporate Finance LLPJohn Egan L Atelier BNP ParibasFederico Ravenna Danmarks NationalbankElisabeth Noble European Banking AuthorityEgidijus Paleckis Bank of LithuaniaCamilla Dell Black Brick Property Solutions LLPRecent Commentshenrywalter on DeFi: Behind the Latest Revolution in CryptoSaeed Huq on Is COVID-19 About to Trigger a 2008-Style Banking Collapse?Drishti on How AI Is Changing Customer ExperienceSanjay Shelke on Banking as a Service (BaaS): the Platform Approach to BankingJincy Joy on How AI Is Changing Customer ExperienceTweets “FinCEN Files”: Don’t Shoot the Messenger!By Laurent Liotard-Vogt and Florent Palayret - Chappuis Halder Co.https://t.co/MIWv7TwlpD 16-Oct-2020By Piers Haben, Director of Banking Markets, Innovation an… https://t.co/PInKLxvJuP 17-Sep-2020By Egidijus Paleckis, Head of cash policy, issue and cont… https://t.co/lwL1pNwIwM 17-Sep-2020By Miles Celic, Chief Executive Officer, TheCity… https://t.co/fYfHyE8ays 16-Sep-2020

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