The exponential rise of Russia's Mir payment system
The unparalleled success of Russia’s Mir payments system has protected it against US sanctions, making other governments take notice. Source link
Ecuador’s new president pledges bold reform agenda
Newly elected president Guillermo Lasso discusses his plans for Ecuador’s battered economy. Source link
The changing climate of central banking
Nearly everywhere one looks nowadays – newsrooms, corporate manifestos, and government agendas – climate change has moved from the fringe to centre stage. And central banks, after standing on the sidelines for so long, have recently begun to play a starring role. The Bank of England (BOE), for example, just became the first central bank … Read more
The changing face of correspondent banking –
The Banker Portfolio encompasses: An essential and trusted resource providing economical and financial intelligence for the world’s financial sector; premium editorial excellence striving to stimulate and inform Detailed regulatory and policy insight for the banking and securities market, analysing the major rules from the formulation stage and explaining their aims and likely impact on a … Read more
Economic rethink needed to boost China’s growth
As China looks to expand its economy following the pandemic, returning to the previous model will not work. Changing demographics and consumer habits require new ways to boost growth. Source link
Macau’s development of the ‘smart city’ still on track
  The broad impact and long duration of the COVID-19 pandemic has dealt a severe blow to Macau’s service-export-oriented economy. Affected by travel restrictions and social distancing measures, GDP fell by more than 50 percent in 2020 and visitor arrivals decreased by 79.6 percent in the fourth quarter. Nowadays, the economy is still on a … Read more
Cloud paves way for digital transformation
Cloud computing has become a platform for innovation, and banks are becoming comfortable with putting more of their operations on the cloud, leveraging its computing power and agility to provide new insights and value. Source link
Sunak signals new era for the City of London
The UK finance minister’s annual Mansion House speech set a path towards steering the City of London towards new distant pastures, as hopes of gaining financial services equivalence from the EU evaporate. By Justin Pugsley. Source link
Financial inclusion being furthered across Nigeria
Lagos, Nigeria  Author: Urum Kalu Eke, Group Managing Director, FBN Holdings July 13, 2021 Alongside the global economy’s bumpy ride throughout the pandemic, Nigeria recently emerged from a recession with 0.11 percent GDP growth recorded in Q4 2020. In his foreword to the January 2021 Global Economic Prospects, World Bank group president David Malpass said: … Read more
Central bank digital currencies: haste without speed
While China is driving ahead with its digital yuan initiative, other major CBDC projects have been making steadier progress. Deutsche Bank’s Graham Buck reports. Source link