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Cryptocurrency: Advancing Kazakhstan’s Economy and Investment?

March 28, 2018 • FINANCE & BANKING, Asia - Pacific, Banking Innovation, Global Capital MarketsComments (0)

By Samantha Brletich Aimed at developing markets, cryptocurrency, and attracting investment, Kazakhstan created the Astana International Financial Center (AIFC). Such move, however, is not a panacea for Kazakhstan’s feeble investment climate as it has to take institutional and legislative steps – if it is to build greater economic partnerships and

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Yellen’s Twin Legacies – Powell’s Dilemma

March 27, 2018 • GLOBAL ECONOMY, FINANCE & BANKING, Editor’s Choice, Americas, Commentary, Governance & RegulationComments (0)

By Jack Rasmus As Yellen leaves the Powell Fed with two contradictory legacies, the question of the day is which will the Powell Fed now follow? Does it continue Yellen’s policy of relatively slow and occasional rate hike? Or does it raise rates faster, and

AIIB: Experiments in Scaling-up Development Finance

March 27, 2018 • GLOBAL ECONOMY, FINANCE & BANKING, China, Governance & RegulationComments (0)

By Daniel Poon Since its launch in January 2016, what are the significant developments on the operations of the Asian Infrastructure Investment Bank (AIIB)? In this article, the author discusses the operational features of AIIB and provides insights into the

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

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