Time for central bank digital currencies to prove their worth
A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove…
World Bank needs to revisit its policy and lending focus
In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the World Bank (WB), just like the International Monetary Fund (IMF) policy thinking, including as highlighted in…
In the Market: Fed beware the banking crisis of March
Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year “March madness.” Six months on, the craziness has abated, but the industry is scarred and still…
US banks hold $3.3trn cash amid banking crisis, slowdown worries
US lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher liquidity rules that could particularly impact midsized banks. The…
How to review a central bank
The Australian government initiated an independent Review of the Reserve Bank of Australia (RBA), on July 20, 2022. The Review panel handed its report to the government within a short…
Fed’s top regulatory official faces uphill battle to overhaul bank capital
A plan by the top US banking cop to make the sector more resilient may have gotten a boost from the recent banking crisis, but still faces numerous challenges. Fed…
China’s banks bear brunt of concerns around growth and debt
Chinese banks are facing increasing risks from rising non-performing loans (NPLs) and diminishing returns, making them a lightning rod for investors’ worries about the world’s second-largest economy. Concerns about their…
Unmasking regressive banking
In today’s fast-paced world marked by technological advancements and social progress, the banking industry has faced criticism for practices that are seen as regressive, monopolistic, and lacking innovation. Some argue…
Technology deal doldrums give bankers the job-hopping itch
When a senior Goldman Sachs technology banker delivered a grim prediction to his colleagues earlier this year, it marked the beginning of downturn that would result in some bankers leaving.…
Paris climate summit gives fresh impetus to development bank reform
A Paris summit to discuss reforming the world’s financial system scored some notable wins that should tee up greater action before climate talks later this year, though some participants were…
