With little fanfare, the Eurogroup of 19 Eurozone finance ministries published in December its report detailing progress on how to strengthen and deepen the Economic and Monetary Union (EMU). Written…
Financial and Banking Newsletter
Background to MIFID, MIFIR and EMIR Version 2 of the Markets in Financial Instruments Directive (MIFID II) is a particularly important piece of recent European Law due to the extent…
IREF Newsletter
The Stand-off Between Italy and the EU is a Serious Threat to the Euro
by
Gordon Kerr
Why all the fuss? The nub of the dispute is Italy’s budget plans, which have been rejected by the European Commission (EC). The budget claims to increase public indebtedness by…
In September, the UK cross party Parliamentary Committee dealing with bank regulation and central banking published its analysis of the opportunities and risks posed by ‘crypto-assets’, such as Bitcoin, Ether,…
Why is Turkey’s Currency Falling? During the past five years, we have observed the ebbs and flows of US and European capital markets investment appetite for the emerging markets (EM).…
To help understand the genuinely transformative business technology of blockchain in the context of cryptocurrency hype, Wharton professor David Werbach encourages the distinction to be drawn between three frequently confused…
Background to the looming standoff between Italy and the ECB Italy’s new government continues to confirm its commitment to fiscal policies which have triggered sensationalist reports in mainstream media questioning…
Despite our regular reports highlighting some of the challenges facing those tasked with managing the euro, public concern about government debt levels appears to have subsided to its lowest level…
IREF Newsletter
What Impact Will The Open Banking Rules Have On Fintech’s Aspirations to Disrupt Traditional Banking?
by
Gordon Kerr
Introduction Given the tremendous success of technology companies in the last 15 years, nobody is surprised by the continuing enthusiasm among investors, entrepreneurs, and policymakers for disruptive financial technology (“fintech”).…
Despite the widely held view that the European sovereign debt crisis, and the euro itself, have been stabilized, we are not alone in the opinion that the deep problems not…