Given the recent expansion of the “BRICS” countries to include five new members, “BRICS” concept was launched as a financial sector grouping of the then-major emerging market economies which were expected to grow faster than the G-7 economies.
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Inefficiencies and costly errors continue to plague syndicated-loan operations. Banks that invest in a modern operating model can win customers in this growing market.
The eurozone’s transition to a new payment messaging standard, ISO 20022, has been a huge undertaking. How successful has the migration been so far, and were the years of preparation rewarded? As the industry gears up for more migrations across the globe, what can financial institutions in other countries learn from Europe’s experience?