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JP Morgan overtakes HSBC to go top for the region
Highly anticipated report did not mention future role of AT1 capital
Surprising alignment on stablecoins and strong support for tokenised assets, but details are sparse
US broker has opened office in Milan, Stockholm will be next
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Leading ministers and financiers have told GlobalMarkets that the EU is likely to redouble efforts to reform its financial system, as member states brace for Brexit and try to protect themselves against a shift away from globalisation.
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Around 50 finance ministers gathered in Washington on October 19 to put into action measures to implement the six Helsinki Principles that they agreed on five months ago. They are set to issue a communique that will acknowledge that the world is in the grip of a climate emergency.
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The calls for a global carbon tax are getting louder but some experts believe it needs to be much higher than what is currently being recommended to make a difference and drive CO2 emissions reductions.
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Start-up RTGS.global thinks it has a cross-border system whereby it can blow stablecoins such as Facebook’s Libra out the water
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In this round-up, China’s third-quarter GDP growth fell to 6%, September’s CPI inflation jumped due to continued surge in pork price and money and credit growth both exceeded market expectations
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Europe’s strongest member states are on the verge of embarking on a growth-boosting fiscal splurge, but leading economists in the region fear that any action will be too little and too late to avert a recession in the bloc