The ratings are: Kazakhstan Sovereign Risk Rating: Upgraded to B+ from B; Rating Outlook: Stable. Kazkommertsbank (Almaty, Kazakhstan): Short-Term Local Currency Debt Rating: Currently LC-2; Senior Debt Rating: Upgraded to B+ from B. The Rating upgrade is based on the continuation of economic reforms, which is underpinned by a new three-year International Monetary Fund (IMF) program, and a stable political environment. The government’s appropriate policy response to the economic difficulties of 1998 and early 1999, including the floating of the Tenge in April 1999, highlights the progress the country has made during its transition toward a free market economy. The formal re-election of the Kazakh president in January 1999 for another term should result in continued political stability, as well as policy continuity, particularly with respect to tight budgetary discipline, stringent monetary control and structural reforms. Kazakhstan’s current account deficit remains manageable, while its debt amortization schedule over the medium-term is light. As a result, the country’s external liquidity position should remain comfortable.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more