Category Archive

The Venezuelan “Petro” – Towards a New World Reserve Currency?

February 28, 2018 • Global Capital MarketsComments (0)

By Peter Koenig As this article goes to print, Globovision TV quotes Venezuelan President Nicolas Maduro announcing the launch of a new cryptocurrency, the “Petro Oro”. It will be backed by precious metals. The launch of the new cryptomoney is scheduled for the next week. No details of quantities offered for sale are available at …

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Strategic ALM and Integrated Balance Sheet Management: The Future of Bank Risk Management

February 1, 2018 • FINANCE & BANKING, Banking InnovationComments (0)

 By Moorad Choudhry The traditional approach to asset-liability management (ALM) practice in banks operated as a reactive process following product origination by the customer-facing business. In the Basel III era a more proactive approach to ALM is

Why We Need to Reform Financial Regulation

February 1, 2018 • FINANCE & BANKING, Governance & RegulationComments (0)

By Markus Demary The US Republican Party plans to repeal the Obama-era financial regulation. While their approach will bring regulatory relief to financial firms, it will also increase the risks of financial crises. Introducing regulatory relief through a

Digitisation asks Fundamental Questions of the Accountancy Sector

January 26, 2018 • FINANCE & BANKING, Digital Transformation, Banking InnovationComments (0)

By Ben Laker   Estimated at $23 billion, the Digital transformation market is growing rapidly across the globe, with 23 percent of activity residing in the UK, 21 percent in Australia and 20 percent in the US. According to Source Global Research $5

Meghan Markle Marriage to Prince Harry Proves US Taxes Can Be a Royal Pain

January 20, 2018 • FINANCE & BANKING, Personal FinanceComments (0)

By Robert W. Wood          Worldwide, the IRS can create a degree of uneasiness for nearly anyone who has any US connections. Apple, Google and other tech giants may famously have billions in untaxed profits sitting offshore. But individuals who are

A Review of Central Bankers at the End of Their Rope By Dr. Jack Rasmus

January 20, 2018 • FINANCE & BANKING, SPECIAL FEATURES, Book Review, Commentary, Governance & RegulationComments (0)

By Lawrence Souza   Introduction If you talk to some monetary, fiscal, macroeconomic, and financial institutional and capital market economists, some would argue that Central Banks are at the end of their rope; have lost their credibility and risk losing

Bitcoin, Cryptos and Financial Asset Bubbles

January 20, 2018 • Global Capital MarketsComments (1)

By Jack Rasmus At less than $1000 per coin in January, Bitcoin prices surged past $11,000 this past November. It then corrected back to $9,000, only to surge again by early December to more than $15,000. Given the forces behind Bitcoin, that scenario is

How to Make Finance a Force for Sustainability

January 13, 2018 • FINANCE & BANKING, Business Ethics, Climate Change & Society, Responsible FinanceComments (0)

By Dirk Schoenmaker Traditional finance focusses on financial return, considering the financial sector separate from both society and the environment. In contrast, sustainable finance considers financial, social and environmental returns in combination. In a

Runaway Train Towards Full Digitisation of Money and Labour

January 2, 2018 • FINANCE & BANKING, Capitalism in the 21st Century, Personal FinanceComments (1)

By Peter Koenig   The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I

Telesur: The Real Causes of Deficits and the US Debt

December 9, 2017 • Governance & Regulation, On Donald Trump AdministrationComments (0)

By Jack Rasmus   With the Senate and House all but assured to pass the US$4.5 trillion in tax cuts for businesses, investors, and the wealthiest 1 percent households by the end of this week, phases two and three of the Trump-Republican fiscal strategy