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China pledges to expand financial openness as economy grows
A sign at the 2023 Financial Street Forum in Beijing, China, November 8, 2023. /CGTN A sign at the 2023 Financial Street Forum in Beijing, China, November 8, 2023. /CGTN China’s financial regulators on Wednesday pledged to expand high-level financial openness to attract more foreign investment at the opening ceremony of the 2023 Financial Street…
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CBDCs Are ‘Central’ to Innovating Financial Systems, BIS Chief Says
Central bank digital currencies (CBDC) are key to innovating financial systems, and the private sector will play a major role in getting them to market, said Agustín Carstens, the head of the Bank for International Settlements. “Whether in wholesale form – as a type of digital central bank reserve – or retail form – as…
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61% of Finance Execs Not Using AI Yet: Weekly Stat
Artificial intelligence’s (AI) disruptive impact on the future of the tech stack promises to be significant. How CFOs process and analyze data will rely heavily on how this technology powers new products and offerings, as discussions at recent CFO events have indicated. But finance departments appear hesitant to dive into the initial stages of implementation. According…
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Allianz | Daring to Do More Blended Finance: Book chapter by Oliver Bäte
The problem is that this development is impeded by numerous regulatory requirements. European Union rules on state aid are a particularly significant obstacle. These rules are actually intended to ensure a fair internal market. And they’re meant to prevent the European Union’s 27 governments from tilting the playing field in favor of domestic companies or…
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How Personal is “Personal” Finance? (REWIND SB1432)
How Personal is “Personal” Finance? (REWIND SB1432) » The Stacking Benjamins Show 🇺🇸 ATTENTION VETERANS AND SOON-TO-BE-VETS: READY TO SEIZE NEW OPPORTUNITIES? Join us for an INSTAGRAM LIVE at 5pm ET on 11/9 with Military Money Expert Lacey Langford to unveil untapped resources and supercharge your success in civilian life, business, and side hustles! 🚀💼🤝Close…
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Galliford Try’s Group Finance Director Andrew Duxbury Resigns
By Anthony O. Goriainoff Galliford Try Holdings said group Finance Director Andrew Duxbury gave notice of his resignation to take up the position of chief financial officer at Persimmon. The U.K. construction group said Wednesday that the board has started the search for a new finance director and will provide an update in due course.…
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Blankenship earns return to Mansfield Finance Director’s office
MANSFIELD — Kelly Blankenship knows the way to the finance director’s office in the Municipal Building. She has been there before — and is now headed back. The Republican, who served as the city’s finance director from 2007 to 2011, earned another four-year term on Tuesday, defeating Democrat Jon VanHarlingen, a former City Council member.…
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Prosperity’s Michele Martin Named a “Top Woman in Finance” by Finance & Commerce
Prosperity, an EisnerAmper Company, is pleased to announce that its president, Michele Martin, has been named to Finance & Commerce’s prestigious list of “Top Women in Finance” for 2023. The Finance & Commerce Top Women in Finance Awards honor industry-leading female executives, business owners and entrepreneurs—who work in the financial sector in Minnesota—for their outstanding…
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How a Banking Capital of the World Botched Its Own Banking Rules
Listen to article(2 minutes)Switzerland wanted its big banks to be fortresses. In practice, the country’s “too big to fail” banking laws made a sand castle of Credit Suisse.The Swiss rules in question have become an object lesson in the difficulties of designing financial regulation. Created to prevent a repeat of the 2008 financial crisis bailouts,…
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US commits $553 mln financing for Adani terminal venture at Colombo port
COLOMBO, Nov 8 (Reuters) – The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India’s Adani Group, advancing the first foray by an Indian company into the sector.Sri Lanka, an island off India’s southern coast, is mired in its worst financial…
