This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christian Klebot, Head of Debt Mobilisation , European Bank for Reconstruction and Development (EBRD) We hear it at every conference (certainly the ones I go to): Emerging markets desperately need more private investment to close the finance gap […]Multilateral development banks can bridge the trust gap between emerging economies and private investors
December 12, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christian Klebot, Head of Debt Mobilisation , European Bank for Reconstruction and Development (EBRD) We hear it at every conference (certainly the ones I go to): Emerging markets desperately need more private investment to close the finance gap […]Speaking Gen Z: How banks can attract young customers
November 20, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bob Wigley, Chair, UK Finance, Rupal Kantaria, Forum Member, Oliver Wyman Gen Z attitudes toward money and finances are sometimes aligned with and sometimes starkly different from those of older generations.Research suggests that Gen Z trusts traditional banks […]Banks could hold the key to an equitable climate transition
August 3, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Beal, Partner and Director, Global Lead of Social Impact and Just Transition in Financial Institutions, Boston Consulting Group Climate action can bring unintended social and environmental consequences necessitating a just transition.Banks are positioned to aid the climate […]What are warm banks, and why are so many opening in the UK?
November 23, 2022 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content “I hate the cold. I can handle being hungry but not being cold. I just hate the thought of people sitting freezing.” Those are the words of Kenneth Gibson, who recently told […]Why decentralized finance is a leapfrog technology for the 1.1 billion people who are unbanked
September 19, 2022 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Anna Stone, Corporate Social Responsibility, eToro; co-founder, GoodDollar Protocol, eToro No technology better exemplifies the “leapfrog technology” phenomenon than the mobile phone, whose adoption allowed even the most underserved communities to entirely forego the need to implement traditional […]Banks can achieve net-zero pledge by 2050. Here’s how
October 11, 2021 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Colas, Partner; Vice-Chairman, Financial Services, Americas, Oliver Wyman Group (MMC) The UN group, Net-Zero Banking Alliance, have pledged to reach net-zero carbon emissions across their lending portfolios by 2050.Banks can influence corporate behaviour by offering loans and […]Cambodia’s digital currency can show other central banks the way
August 30, 2021 by 3 Comments
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Makoto Takemiya, Co-founder and CEO, Soramitsu The National Bank of Cambodia launched its digital currency, Bakong, in October 2020.Almost 200,000 people use its digital wallet, and almost 6 million have benefited through the use of connected banking apps.Bakong […]How central banks are tackling climate change risks
May 5, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Silvia Anna Ainio, Policy Officer, European Commission Central banks have an increasingly critical role in tackling climate change policy objectives.Incorporating climate-related risks into regulatory frameworks remains challenging but central banks are starting to lead the way. The case […]How banks can help companies restructure for growth
September 29, 2020 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael Spellacy, Senior Managing Director, Global Capital Markets Lead, Accenture & Alan McIntyre, Senior Managing Director, Global Banking Lead, Accenture & Derek Baraldi, Head of the Banking Industry, World Economic Forum The banking industry has to walk the […]COVID-19: Revised rules to encourage banks to lend to companies and households
June 10, 2020 by Leave a Comment
This article is brought to you in association with the European Parliament. Economic and Monetary Affairs Committee MEPs approve more flexibility in EU banks prudential rulebook to focus on lending to the COVID-19 stricken economy. On Tuesday, MEPs approved new rules to temporarily ensure favourable conditions for banks in order to support credit flows to companies […]Why enterprise risk management is the future for banks
November 7, 2019 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeffrey Brown, Partner, Oliver Wyman’s Risk and Organizational Effectiveness practices, Washington DC & Michael Duane, Partner, Oliver Wyman’s Financial Services practice & Til Schuermann, Partner and Co-Head, Oliver Wyman’s Risk and Public Policy practice Regulators and risk managers have […]The new crisis is already creeping into the financial system
August 29, 2019 by 1 Comment
Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]Banking Union: Non-performing loans in the EU continue to decline
June 12, 2019 by Leave a Comment
This article is brought to you in association with the European Commission. Efforts to reduce risks in the EU banking sector are bearing fruit, according to new figures released by the European Commission today. In its fourth progress report on the reduction of non-performing loans (NPLs), the Commission today confirms that NPL levels are continuing their […]10 ways central banks are experimenting with blockchain
April 4, 2019 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ashley Lannquist, Project Lead, Blockchain and Distributed Ledger Technology, World Economic Forum While research and experimentation with blockchain technology across sectors has been underway for several years, few organizations have deployed it. Although central banks are among the most […]Non-performing loans: banks need to mitigate the risk of potential losses
March 15, 2019 by Leave a Comment
This article is brought to you in association with the European Parliament. Parliament has adopted, on Thursday, new EU rules for standard minimum coverage of bad loans. Measures to mitigate the risk of possible, future, non-performing loans (NPLs) accumulating due to the recessions brought about by the 2008 financial crisis were approved by the Parliament, with […]A multipolar world brings back the national champions
January 22, 2019 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nannette Hechler Fayd’herbe, Global Head of Investment Strategy & Research, Credit Suisse In 2018, we moved closer to the multipolar world that looks set to replace the bipolar US-Russian geopolitical regime that emerged from the Cold War. China’s ascent […]Trade war or not New York bankers will have it their way
January 7, 2019 by 1 Comment
The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]Banks can fight financial crime. But we can’t do it alone
December 8, 2018 by Leave a Comment
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Erik Barnett Head of Financial Crime Threat Mitigation, Europe, HSBC A young woman walks into a bank branch in London. She is soon noticed by a teller, who sees that she is closely followed by a man, who […]How banks should prepare for robots going rogue
November 23, 2018 by Leave a Comment
This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Elizabeth St-Onge, Partner, Financial Services, Oliver Wyman & Ege Gürdeniz, Principal, Digital, Technology, and Analytics, Oliver Wyman Banks are rolling out machine-learning applications to handle all manner of tasks once reserved for humans, from customer service to automated […]US-China trade war at point of no return: Washington’s demands go beyond tariffs
August 27, 2018 by Leave a Comment
It seems the US-China trade conflict, if not full scale trade war, is entering the phase of no return. Nothing will be as before in the economic and otherwise relations between the two largest economies of the world. Washington appears ready to push its cause to the end, while Beijing still pretends not to understand […]IMF: How To Deal With Failed Banks
July 4, 2018 by 1 Comment
This article is brought to you in association with the International Monetary Fund Written by Deniz Igan, July 3, 2018 During the global financial crisis, policymakers faced a steep trade-off in handling bank failures. Using public funds to rescue failing banks (bail-outs) could weaken market discipline and lead to excessive risk taking—the moral hazard effect. […]Why Italy will not follow the Greek road; Eurozone to change or unravel
May 31, 2018 by Leave a Comment
the next Italian election is, very probably, to take place within the next few months or even weeks. Then, Berlin, the rest of Eurozone capitals and probably the entire western financial world will learn, if it’s still politically possible to ask just one country’s taxpayers to save an obviously faltering global financial system. The test […]Banks must take bold action to fight climate change. This is how they can do it
May 21, 2018 by Leave a Comment
This article is brought to you based on the strategic cooperation of The European Sting with the World Economic Forum. Author: Sonia Hierzig, Project Manager – Banking, ShareAction Banks are exposed to a number of climate-related risks through the diverse range of sectors they finance. Across the world, they continue to fund high-carbon industries, thus enabling a range of […]Mainland Europe adopts Germanic cartel business patterns
April 2, 2018 by Leave a Comment
As in VW’s diesel engines emissions scandal, in the case of Estonia’s half banking system working as mafia’s financiers, it was the Americans to unveil the wrongdoings. Is it by chance or the Europeans are looking the other way, when it comes to their own dirty laundry? Those calculated frame ups are not only meant […]Draghi strives to control the unruly exploitation of financial markets by banking leviathans
March 12, 2018 by Leave a Comment
During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]‘Safe Eurobonds’: a new trick to betray the south euro area countries
February 1, 2018 by Leave a Comment
All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth
December 18, 2017 by Leave a Comment
Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]Hazy ‘breakthrough’ saves PM May, leaves Ireland in limbo: Brexit
December 11, 2017 by Leave a Comment
With only a couple of hours sleep in the very early hours of last Friday, the British PM Theresa May boarded a RAF aircraft and landed in Brussels before dawn. Weary as she was, she rushed to Berlaymont building, the EU Commission headquarters. There she met Jean-Claude Juncker the President of the European Commission and […]Britain offers more money for an orderly Brexit but the Irish question resurges
November 27, 2017 by Leave a Comment
If last Friday’s Reuters report from Brussels is correct and Theresa May and Donald Tusk agreed to solve the Brexit dead-end in ten days, then the wild Brexiteers must have retreated and the orderly exit side has won the first round. Tusk, the President of the European Council said in a tweet that he told […]Do the giant banks ‘tell’ Britain to choose a good soft Brexit and ‘remain’ or else…?
November 20, 2017 by Leave a Comment
It may be true that the world is tired watching Britain being completely confused about choosing the way to exit from the European Union. Yet, the almost schizo division plaguing the Brits and their political elites alike still paralyzes to this date the divorce negotiations. Countries to be most affected by Brexit like Holland are […]Banks, insurance giants are free again to abuse the real economy
November 16, 2017 by Leave a Comment
Not many years after the financial meltdown of 2008-2010, the main culpable parties for that global catastrophe, the big banks and the gigantic insurance companies are now commandingly asking the world to forget that. They demand to be again left completely unchecked, free to repeat what they did then; inflate all and every market to […]Fed, ECB take positions to face the next global financial crisis; the Brits uncovered
November 6, 2017 by Leave a Comment
The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]Czech Babis, Austrian Kurz and others threaten Europe with nationalist populism
October 26, 2017 by Leave a Comment
Andrej Babis, a media magnate and second wealthier Czech leading his anti-immigration, nationalist and populist ANO party, won last Sunday’s election, with around 30% of the vote. He is to become the next Prime Minister of the Czech Republic. Babis did that on an anti-systemic Trump-like ticket. He was recently implicated in a tax fraud […]
