Tag "Banking"
Default of IL&FS sends shockwaves through India’s financial markets
A series of defaults by India’s key infrastructure lender, Infrastructure Leasing and Financial Services Limited (IL&FS), has sparked fears about the health of other non-bank lenders and led to a squeeze in India’s corporate debt market that these lenders have relied upon.
5 reasons Russia’s banking system is heading for trouble
The bailout of two Russian banks will cost the country billions, reduce confidence in its financial system, and may be a sign of more trouble to come.
Banking reform in China: Too little, too late?
China’s economic expansion requires a responsive and responsible banking system to keep money flowing. This means financial reform in how China does business or else face severe financial implications having
Bankers beware: North Korea is on a hacking spree
North Korea has mounted a series of cyber attacks by taking advantage of outdated financial technology, mainly through the SWIFT network.
Under the Radar: Mongolia’s banks threaten economic crash
Mongolia’s risk-laden and poorly managed banks are a major threat to national stability, as a bond repayment deadline threatens to trigger a default.
ASEAN faces banking union problems
While the ASEAN Banking Integration Framework (ABIF) shows great promise, the insistence on sticking to the so-called “ASEAN Way” threatens to undermine it.
Under the Radar: Africa’s richest woman could sink Angola’s economy
Isabel dos Santos control of Angola’s state oil producer and increasing control of its banks creates a doomsday scenario for Angola’s economy.
Basel III favours some regions, financing solutions over others
With any one-size-fits-all approach, the problem lies in establishing a level playing field across different national and regional regulatory frameworks.
The Panama Papers: Shadow networks and how they operate
The revelation by the Panama Papers that some of the world’s rich and powerful hide money and assets abroad is not a new one. The extent to which they do
Matteo Renzi, Italy’s reformist Prime Minister
A GRI Power Brokers feature on President Matteo Renzi of Italy. Since 2014, PM Matteo Renzi has brought new energy to Italian politics and has made it his mission to