Global Business Network
The Basel Committee on Banking Supervision (BCBS) issued a consultation paper on the prudential treatment of banks’ cryptoasset exposures on June 10, in a bid to provide banks with a regulatory framework to deal with the fast-developing asset class. The move comes as policy-makers around the world take steps to control the largely unregulated market. China … Read more
China has made great strides in its bid to develop a central bank digital currency (CBDC) and lay the foundations to make the digital renminbi a global reserve currency, though there remains a long way to go, according to a report released by French bank Natixis on June 9. E-yuan pilot schemes have been running in … Read more
The Philippines is battling one of the worst Covid-19 outbreaks in Asia and the tough restrictions that have been in place over the past year have caused gross domestic product to contract for five quarters, including a 4.2% drop in the first three months of 2021. “The number of infections has remained elevated, which has … Read more
UK job vacancies in financial services have risen sharply this year as the country begins to rebound from the pandemic, with demand for compliance and IT roles helping to drive up talent acquisition. The overall number of professional vacancies in banking and asset management, excluding clerical roles, reached the highest level in more than five … Read more
This article is part of The Banker’s Special Report, A new era in retail digital sales for CEE banks, in association with Backbase. Q: What are the biggest challenges to improving the onboarding process in retail banking? A: Customer onboarding is the e-commerce of banking. It is a good analogy because e-commerce is all about removing any … Read more
This article is part of The Banker’s Special Report, A new era in retail digital sales for CEE banks, in association with Backbase. The stay-at-home orders enforced around the world to prevent the spread of the coronavirus has driven retail customers online in a way that few could have imagined before the onset of the pandemic. Covid-19 … Read more
This article is part of The Banker’s Special Report, A new era in retail digital sales for CEE banks, in association with Backbase. While digital banking has been around for many years, there have been few catalysts to drive customers from central and eastern Europe (CEE) online in significant numbers. This all changed when the Covid-19 pandemic began. The … Read more
Artificial intelligence (AI) is no longer something banks can ignore. From anti-money laundering solutions to chatbots and creditworthiness assessment tools, AI — and machine learning in particular — is becoming an established essential component of data analytics innovation. Increasingly, AI use is becoming embedded in many of the key functions of financial services providers, causing … Read more
At 2:37 in the morning, a message flashed across my screen: “Do you have five minutes?” It was from one of my banking clients, a relationship manager who’d attended one of my workshop sessions on change. He was one of those amazing individuals with the courage to question conservative thinking and introduce a fresh perspective. … Read more
Corporate debt to gross domestic product (GDP) in Japan is at its highest level since the 1990s and fears are growing that defaults could surge in struggling sectors, which could have an impact on smaller and regional banks. The Bank of Japan’s (BoJ’s) most recent financial stability report suggested that the probability of default at … Read more