Addressing climate-change related risks and how they can impact financial institutions is a significant priority in this year’s Group of 20 (G20) presidency. In a letter sent to the G20 Finance Ministers and Central Bank Governors ahead of their April 7 meeting, Financial Stability Board (FSB) Chair Randal Quarles stated that addressing issues related to climate change “is essential to a sustainable recovery from the COVID Event and beyond.” Read more here … [Read more...] about Climate Change Is A Key Priority To The G20 And Financial Stability Board
Look For Hidden Investment Gems In The Gloom And Doom About Latin America
Sustained economic recovery is not coming to Latin America until government leaders can get COVID under control. However, it is important for investors to focus not only on near-term COVID vaccination and economic challenges. Precisely because Latin America has lagged other emerging market regions in the economic recovery, with good credit and market risks due diligence, investors can find good opportunities in Latin American fixed income, equity, and foreign exchange markets. Read more … [Read more...] about Look For Hidden Investment Gems In The Gloom And Doom About Latin America
Important Gaps Remain In Too Big To Fail Bank Reforms
Eleven years since numerous bank reforms were approved in key banking centers globally, gaps remain in completing reform measures to end the threat that can be posed by Too Big To Fail (TBTF) systemically important banks (SIBs). Given the severity of the Covid crisis and the uncertainty surrounding when it will end, completing these Group of 20 (G20) endorsed reforms should be a priority for legislators and financial regulators globally. Read more … [Read more...] about Important Gaps Remain In Too Big To Fail Bank Reforms
Banks Should Implement Principles For Operational Resilience
The severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important than ever. Operational risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Read more … [Read more...] about Banks Should Implement Principles For Operational Resilience
Looming Corporate Credit Losses Will Be Absorbed By Financial Institutions And Possibly Even By Taxpayers
Corporate insolvencies, bankruptcies, and credit losses to financial institutions are just starting to be felt. The looming increase in corporate bankruptcies will generate credit losses that will need to be absorbed, either by the financial system or by taxpayers Read more here. … [Read more...] about Looming Corporate Credit Losses Will Be Absorbed By Financial Institutions And Possibly Even By Taxpayers