Following the extension to the Brexit deadline granted to Theresa May at an EU summit in Brussels from 12th April to 31st October, Rene Defossez, senior economist at Natixis, commented: “This latest delay solves nothing and won’t be an incentive for firms to invest or call off their contingency plans. This delay merely points to lastingly weak growth.”
“Brexit is much like a computer virus: it is causing malfunctions to the UK’s economic and political ‘programs’,” said Defossez. “[The] European Summit has not really acted as an anti-virus: the political situation in the United Kingdom remains deadlocked and the country’s economy will continue to suffer from Brexit-related uncertainties.”
The comments can be found in this article by The National.
S&P Global Ratings’ Gloria Lu, Senior Director of Corporate & Infrastructure Ratings, Asia Pacific, and Abhishek Dangra, Director, Asia Pacific Corporate Ratings, recently discussed the looming volatility shadowing Asia’s infrastructure market for Brink News, offering their own views and potential responses to increasing risks proliferating in the region.
Discussing the refinancing risks that China may face as a third of the market’s debt approaches maturity in the coming months, Lu and Dangra consider some options available to mitigate external pressures, such as political and regulatory reform.
Read the full article here.
In a commentary for Brink News, Julyana Yokota, Director of Infrastructure Ratings at S&P Global Ratings, highlights the geopolitical and regulatory risks that are driving a shift in investor sentiment towards Latin American infrastructure.
Yakota considers Brazil, Mexico and Argentina individually, alongside the broader regional landscape, stating that “credit conditions have significantly improved…particularly with regard to utilities’ regulatory stability and transparency.”
The full commentary can be found here.
Writing for TMI, David Bee, Head of Global Markets at Crown Agents Bank, highlights the benefits of new and innovative technology to financial services in Nigeria – and the potential benefits for corporate treasurers. Please read the full article here.
As the appetite for foreign direct investment (FDI) in Africa intensifies, currency illiquidity and volatility stand as potential barriers to growth. In an article for The Global Treasurer, David Bee, Head of Global Markets at Crown Agents Bank, explores how new, innovative technologies – such as EMpowerFX – can begin to offset Africa’s currency concerns.
Please click here to read the full article.
In an article for the World Bank, David Bee, Head of Global Markets at Crown Agents Bank, explains that the answer to solving Africa’s currency illiquidity problems can be found in innovative, online trading technologies.
Please click here to read the full article.
Crown Agents Bank’s new video made its debut at the Treasurers Roundtable Annual Conference in Washington DC last week.
Moorgate was involved in all stages of the production.
Compliance costs in emerging markets are rising, as are fears of protectionism in developed markets. But Michael Duval, Chief Business Officer at Bank Leumi (UK), notes that Israel provides importers and exporters with sustained opportunities in an article for The Global Treasurer.
With ongoing advances in sustainability, the risk of being unable to monetise carbon assets grows by the day. A new book from Routledge, Stranded Assets and the Environment: Risk, Resilience and Opportunity, explores the ramifications of asset stranding across various sectors of the global economy.
Mike Wilkins, Head of Sustainable Finance at S&P Global Ratings, supplies chapter 8, drawing on research and real-world corporate case studies to focus on the credit implications of stranded assets.
In a recent interview with TXF, Albert Maasland, CEO at Crown Agents Bank, explores the banking market’s current approach to derisking correspondent relationships.
He recognises that although the high cost of compliance continues, derisking in emerging markets has slowed, having had the desired effect of cleaning up inappropriate payments flows in recent years. He points out that despite good progress, some unintended consequences – such as the forcing of payments underground – are becoming more apparent.
To read the full article, please click here. Please note the paywall.