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The Role of Regulation in Forex Trading
Foreign exchange (Forex) is the largest and most liquid market in the world. With a daily trading volume of over $7 trillion, according to the latest survey by BIS, it attracts millions of traders globally, from central banks to individuals. Its massive size, global reach and speculative nature make it susceptible to high risks and…
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Sumitomo Mitsui Financial Group CEO Dies at 65
By Ronnie Harui Nov. 27, 2023 1:01 am ETSumitomo Mitsui Financial Group
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Former Department of Finance secretary general joins PR company MKC
Derek Moran, the former secretary general of the Department of Finance, has joined public relations company MKC Communications as a consultant in the company’s public affairs practice.Mr Moran was secretary general of the department from 2014 until 2021, serving under former ministers for finance Paschal Donohoe and Michael Noonan, and overseeing economic, budgetary, taxation, banking…
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Garanti BBVA provides financing for Işıklar Wind Power Plant
Financed by BBVA’s Turkish unit through Dost Enerji, the wind power plant will use 5.9MW turbines and 6.8MW wind turbines, 80 meter blades, a 118 meter tower, and reach a total height of 200 meters. Once complete, the investment will increase the installed wind energy capacity financed by Garanti BBVA from 185MW to 235MW.
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FinanceAsia Achievement Awards 2023: ANZ’s best finance houses revealed
Our annual Achievement Awards recognise excellence across Asia’s financial markets. Covering three key categories – Deal Awards, House Awards and Regional Deal Awards – our Achievement Awards highlight the accomplishments of key players across Asia, Australia and New Zealand, that have shown dedication to their sector. This year we expanded the categories to reflect a resurgent regional economy that…
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Singapore Looks Well-Equipped to Weather Financial Shocks, MAS Review Shows
By Ronnie Harui Nov. 27, 2023 12:06 am ET|WSJ ProListen(2 min)SINGAPORE—Singapore’s corporate, household and financial sectors are in good shape to withstand shocks, but still face risks that could test their resilience, a review by the country’s central bank showed.The Monetary Authority of Singapore’s Financial Stability Review, which gauges how well the city-state’s financial system…
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ML Is Redefining Finance, but What’s Holding It Back?
The finance sector stands at a crucial juncture. A recent study from Paro, a company offering AI-powered finance and accounting solutions, brings to light the vital role of artificial intelligence (AI) and machine learning (ML) in shaping the future of finance. The 2023 Paro Future of Finance survey, involving 250 C-suite and senior-level managers, uncovers…
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Financial Stability Review 2023
The Monetary Authority of Singapore (MAS) conducts regular assessments of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications for the soundness and stability of Singapore’s financial system. The analyses and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding…
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Turkey’s exports of military-linked goods to Russia surge
Turkey’s exports to Russia of goods vital for Moscow’s war machine have soared this year, heightening concerns among the US and its allies that the country is acting as a conduit for sensitive items from their own manufacturers.The growing trade, and the corresponding rise in imports to Turkey of 45 civilian materials used by Russia’s…
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UK spends more financing inequality in favour of rich than rest of Europe, report finds
The UK spends more than anywhere else in Europe subsidising the cost of structural inequality in favour of the rich, according to an analysis of 23 OECD countries.Inequalities of income, wealth and power cost the UK £106.2bn a year compared with the average developed country in the Organisation for Economic Co-operation and Development (OECD), according…
