What in the world? Find out exactly what’s happening from around the globe right here. It’s understandable that we get caught up with asset management issues that only immediately affect us, however; we’ve got to remember that we’re all in this together. Whether we’re united by a potential 2019 Financial Crisis or by the desire to make a profit with sustainable investments – it’s important to be in the-know with world financial news.
Take a closer look at how the UK is responding to the fast approaching Brexit Day, why Trade War negotiations are stagnating between the US and China, and more!
Post-Brexit plans are becoming more and more defined for financial firms now it is less than 6 months until the March 2019 deadline. As of 10th September, the latest numbers from EY’s Financial Services Brexit Tracker showed that 35% of UK-based companies are likely to move their base of operations to Europe.
The US-China Trade War is still happening – but it’s because Trump won’t give in, according to Chinese Ambassador Cui Tiankai. A deal is ready to be made, but the United States are dragging their heels and “shifting positions”, instead of finding an agreement. After importation tariffs were increased from China and goods were taxed from the US – China wants to negotiate, but will their compromises continue to fall on deaf ears?
Canada joins forces with the USA and Mexico to make a new North America Free Trade Agreement (NAFTA). This pact has been difficult to finalise, after more than a year of talks. Since acknowledging the benefits that effectively reduce US trade deficits, the superpower gave its stamp of approval. The deal is set to manage more than a whopping $1.2 trillions worth of trade.
It seems that Nigeria is experiencing a financial ascension, despite the warnings of a 2019 Financial Crisis for everyone else. The recent regulatory changes and advances in FinTech have created a positive progression for the country’s banking ownership structures. With Coronation Merchant Bank turning over 80% of revenue from corporate banking and global markets business – it sounds like it’s all good news!
Sustainable investments are popular among investors and firms who are wishing to improve their image and fulfil a social conscience – but will it be a hit for financial institutions in Asia? The Director and Head of Sustainable Finance Asia at ING shares his view on how the financial growth forecasts for ESG investments are a topic of heated debate.
Do you have problem? The Australian Financial Complaints Authority (AFCA) is here to help…soon! There is a new External Dispute Resolution scheme (EDR) scheme, which is being launched on 1st November. What issues will the AFCA be dealing with? Any complaints that clients and consumers have with the way the financial system functions. Prepare to voice your concerns.
The “Second Great Depression” is inevitable! This amended echo to the recent 2019 Financial Crisis announcement has been declared by the International Monetary Fund (IMF). From their latest report on the matter, the predictions of doom are due to cheap interest rates against soaring levels of debt.
Learn more about the financial news that affects you by attending our November conferences, including The Summit for Performance, Risk & Attribution (SUPRA) and Client Reporting & Communications Forum (CRC) in London, plus TSAM Boston in the US.