China’s growing economic encroachment on the United States’ “backyard”, Latin America, could exacerbate the superpowers’ already tense relationship. The increasing rapport between China and Latin American countries is reshaping not only trade ties but also ideologies. If and how the US responds will have consequences for all three regions.
For most economies, 2023 was a trying year, but banks profited from high rates. What does 2024 have in store for global banking? With rates having likely peaked, banks will face higher funding costs. Factors such as slower economic growth, stricter regulations and growing geopolitical tensions will also weigh on banks in the coming months.
Businesses worldwide have embraced cloud computing, accepting its promises of overhead reductions and digital transformations. The cloud now hosts a vast amount of sensitive data. Cloud providers are not impenetrable, and many businesses fear they are not adequately protecting data. Do the cloud’s benefits currently outweigh these risks?
The West’s ongoing antagonism towards China has evolved into the latest phase, de-risking. Led by the US and the EU, purportedly concerned about the risks close economic ties with China may bring, de-risking aims to reduce vulnerabilities stemming from dependencies on the Asian commercial powerhouse. Will it achieve any positive results?
After the 2008 global financial meltdown, the Basel Committee on Banking Supervision developed the third instalment of the Basel Accords, Basel III, establishing minimum capital requirements for banks. Basel III Endgame is the latest proposed framework, brimming with guidelines for regulatory capital from the principal US regulatory bodies.