As part of Sibos’ “View from the Top” series, being run throughout this year’s Sibos and consisting of addresses from multiple CEOs of global banks, ...
Developing countries like the Philippines are struggling with hyperinflation. Month-long lockdowns and extensions hurt its economy. The country's inflation rate is at 4.7%, as of February 2021.
This March, Jamie Dimon, CEO of JPMorgan, said in an interview with Bloomberg that “There’s a very good chance you’re going to have a gangbusters economy for the rest of this year and easily into 2022.”
Just over a year ago, Trump was talking about reaching some kind of understanding with China when we covered a story about his time at Davos. This week we saw the U.S., the EU, Canada and the UK sanction China for alleged human rights abuses. Things have definitely taken a dramatic turn.
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
In the midst of a crisis, how can central banks work out what is happening in the market in real-time? How can they obtain the necessary data to make quick and important decisions?
Alongside the Thematic Review, IOSCO and the Financial Stability Board (FSB) are currently conducting a joint analysis of the availability, use and impact of liquidity risk management tools for open-ended funds (OEFs).
Companies with over 1,000 employees were more likely to believe cybercrime to be a bigger threat, whereas businesses with less than 50 employees saw the impact of coronavirus lockdowns as a larger threat.
Currently holding the lowest reputation score among all banks in the US, Wells Fargo experienced the largest decline in brand value – dropping two places to seventh overall, and third in the US – the result of failing to rebuild favour among customers in the wake of several past scandals.
Trump famously accused China of manipulating its currency to gain an undue advantage when trading with its’ partners. We covered the story of problems between the U.S. and China in our story about Hong Kong in June last year.
It is a great day for science. It is a great day for humanity when you realize your vaccine has 90% effectiveness. That’s overwhelming,” claimed the CEO of Pfizer in an interview with CNBC’s Meg Tirrell on “Squawk Box.” “You understand that the hopes of billions of people and millions of businesses and hundreds of governments that were felt on our shoulders. Now... I think we can see the light at the end of the tunnel.”
Ashley Alder, Chair of the IOSCO Board, said: “Though the Annual Meeting was virtual this year, members made tremendous progress in addressing the emerging risks arising from the COVID 19 pandemic and other critical matters such as climate change and financial stability issues. IOSCO has proven it can respond quickly and effectively to events that could harm investors and undermine market integrity.”
This followed the downward revision of sales for July, with Arthur Idiatulin from the broker Tickmill reporting that total consumer spending in the US remained approximately 6.5% below January 2020.
#DisruptionBanking spoke with Nikita Fadeev, Founder of The Quant Conference and Portfolio Manager at Fasanara Digital, about the changing quantitative landscape, the fight for talent and the rise of crypto amongst quants.
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