CMSpi’s Brendan Doyle discusses the implications of polymer banknotes in Talk Retail

Brendan DoyleThe introduction of £5, £10 and £20 polymer banknotes during the next three-to-five years is set to have massive cost implications for UK businesses, with retailers the hardest hit. In Talk Retail, Brendan Doyle, CEO of payments experts CMSpi, explains how, as the launch of the first polymer notes draws closer, retailers should begin preparing for the changes sooner rather than later if they are to avoid unnecessary costs.

To read the full article, please click here

Deutsche Bank’s Rhomaios Ram speaks to Bitcoin Magazine on fintech partnerships

Ram_Rhomaios_Deutsche_Bank_3267MC_Strategic alliances are the future for banks and fintechs alike, allowing both to survive in an increasingly competitive environment, explained Rhomaios Rham to Bitcoin Magazine – ahead of a whitepaper to be published by Deutsche Bank on the same.

Rham said that in his experience fintechs are keen to partner, as “they see the benefits that we can bring to a potential partnership, including a client base, security and regulatory certainty.” In the same way, banks must change their attitudes to disruptors. Rham also discussed Deutsche Bank’s stance on and work with blockchain technology, and its three innovation labs.

To read the full article, please click here.

Tradeweb launches US ETF trading platform

Tradeweb LogoYesterday saw Tradeweb launch a new electronic over-the-counter marketplace for U.S.-listed exchange-traded funds (ETFs) – offering access to 11 leading liquidity suppliers, along with solutions for pre-trade price transparency and operational efficiency.

“We have introduced a very efficient way of trading U.S.-listed ETFs electronically, leveraging our technology and network to support a competitive and liquid over-the-counter marketplace,” said Enrico Bruni, Managing Director and Head of Europe and Asia Business at Tradeweb Markets. “Building on the success and growth of our European ETF platform, we’re pleased to offer our institutional clients a new level of transparency, flexibility and efficiency in the way they trade U.S.-listed ETFs.”

Following outreach by Moorgate, the news was picked up by Automated Trader, FTSE Global Markets, FX-MM, Finextra, Mondo Visione, Global Capital, Banking Technology, and ETF Express.

Natixis’ Simon Grenfell speaks to Bloomberg on silver price fix

The daily silver price used as a benchmark by traders, miners and jewellers risks losing credibility with investors after it was set beyond levels traded on the market last week.

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The London Bullion Market Association Silver price was set at $13.58 an ounce Thursday, 3.5 percent less than the intraday low on the Comex in New York. On Friday, the LBMA price fixed at $14.08, about 1 percent under the level the spot metal was then trading at and less than the lowest intraday price in the futures market.

In an interview with Bloomberg, Simon Grenfell, Natixis’ Global Co-Head of Commodities, explained that the silver benchmark has settled outside the same day’s spot trading range at least 10 times in the last six months, compared with twice for gold. Of course, this will have implications beyond the single trading day, as it affects transactions based on averages and price barriers.

“The new silver price setting mechanism appears broken,” says Grenfell, “making this an issue that the regulator should be looking at.”

To read the whole article, please click here

Deutsche Bank’s Boon-Hiong Chan talks treasury in Asia

Chan_Boon-Hiong_310x167.jpgHaving spoken about the importance of location at the 2015 ACTS Treasury Forum in Singapore, Boon-Hiong Chan, Director, Head of Market Advocacy, Asia Pacific, Deutsche Bank, expands on recent developments in various Asian treasury environments and their attractions as local treasury centre bases.

From supply chain- and trade-related factors to regulatory, legal and tax variances, corporates must carefully consider which treasury model best suits them – and where to locate any subsidiary hubs. Chan discusses this and more in an article for Deutsche Bank’s Global Transaction Banking Insights.

To read the full article, please click here.

Standard & Poor’s reads between the lines of The Paris Agreement

Last December’s climate change conference in Paris (COP21) saw governments from around the world approve The Paris Agreement – a global climate deal which sets out a series of principles that will govern greenhouse gas emission reduction efforts.

In attendance was Michael Wilkins, Managing Director of Infrastructure Ratings and Head of Environmental & Climate Research at Standard & Poor’s, who explores the implications of the agreement in this short video published by Global Banking & Finance Review, with the key takeaways as follows:

  • The market for renewable energy, clean tech, and ‘green’ finance will take off: pledges from China and India alone could double the world’s wind and solar capacity.
  • The need to monetise the reduction of emissions is clear, either in the form of emissions trading schemes or carbon taxes.
  • The Paris Agreement will most affect emissions-intensive industries, with the energy sector bearing the brunt (especially oil & gas, commodities, and utilities).
  • The global energy transition has begun; while the impact of the Paris Agreement will not be immediate, the transition could happen very fast.

City AM speaks to Natixis’ Abhishek Deshpande on potential OPEC and Russia deal

OPEC’s dominance as the world’s foremost oil producer has been gradually eroded by technology advances in expensive shale oil drilling over the last two decades, from 60% to around 30% – mostly from the US and Russia.

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In light of this, a deal between Russia and OPEC to reduce output has been suggested. However, Abhishek Deshpande, lead oil analyst at Natixis, told City A.M in a recent interview that “A decrease in Russian production without cutbacks in the US is meaningless. If they reduce then the US will continue at full force.”

Indeed, US oil companies are under increased pressure since the US Federal Reserve voted to raise interest rates for the first time in almost 10 years. This decision has meant that there will be an increase in the cost of financing producers, so if banks stop lending to the firms, then many could go under.

To read the whole article, please click here.

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