Asia Pacific Banks set on financial recovery
World Bank Prospects Group Director Ayhan Kose described the world recession plunged by the Covid crisis as “singular in many respects and is likely to be the deepest one in advanced economies since the Second World War and the first output contraction in emerging and developing economies in at least the past six decades”. After […]
Automation process is the new normal
The ongoing slowdown in global trade intensified by the US – China trade tension. It reduced the transaction volume and increased the competition and battered margins in the trade finance business. This situation may have unintentionally accelerated banks’ quest to reduce costs and improve profitability. There was a growing demand for shorter processing the time […]
Banking dividends to curb
Regulators around the world have been very keen in keeping the global financial systems functioning as effectively as possible, with the world being in very disturbed conditions due to the pandemic which has decimated the Global economy over the past few months. Many measures were implemented to ensure the ongoing system doesn’t hit the bottom […]
Data management- Key to digital banking!
Mobile banking was predicted to overtake high street branch visits within two years, way before the Covid struck our lives. The restrictions placed in our daily lives to get the hold of the pandemic proved to be acting as a catalyst in fastening the adoption and recovery. Even though they discovered unnecessary visits the banks […]
New heroes- Retail banks!
Grappling with the aftermath of the 2008 financial crisis the retail-banking sector has weathered many storms in recent years along with the impact of digitization and competition from digital challengers. COVID-19 being the disruptor-in-chief, banks now have to be bold and innovative to transform the material threat it will face and turn it into an opportunity […]
Monetary policy tools and its uses
The Federal Open Market Committee (FOMC) , in its monetary policy meeting held in the month of July had a discussion of implementing a number of monetary policy tools to reduce the concerns regarding the economic outlook for the United States. Previously the FOMC had taken a set of primitive measures, a numerous emergency measures […]
Bank of England and its Monetary Policy!
The Monetary Policy Committee (MPC) voted unanimously that it would leave its benchmark rate at 0.1 per cent whilst maintaining its target for total stock of asset purchases under the quantitative easing (QE) program at £745 billion, The Bank of England (BOE) announced in September. To summarize BoE’s announcements, at one of its meetings ending […]
Victims or Perpetrators?!
Banks can often become the easy targets to get blamed for the ongoing financial crimes all over the world. Recently, Buzz Feed’s revealed the leaks of suspicious activities report which confirmed that they are fulfilling their roles in fighting against the international money laundering. It also suggested that the whole system is on the verge […]
ERBD to the rescue! An outlook of the five year plan
Remembered for a statement that was actually never made, the prime minister of the United Kingdom for six years Harold Macmillan. He was said to have responded wittily to a reporter when asked what might possibly knock governments off course with “events, dear boy, events.” And unfortunately that is the actual state of the economy […]
Complicit enablers or unwitting enablers?
Remember the times when the banks, law firms and accountants used to be the most trusted institutions and a key part of the social fabric? And the day has come where in it is so hard to find a single article, news or a headline that does not have a tag line which says the […]