Jardine Lloyd Thompson (JLT) Group has issued World Risk Review, which highlights economic risk pressures spreading across Europe. “Poland has estimated external bills of around US$100bn at a time when the cost of servicing debt payments is increasing. And despite the recession, Moody’s have announced that they will not downgrade Poland from its A2 rating but this may change in the future,” said Doctor Elizabeth Stephens, head of credit and political risk analysis at JLT Group.
Poland is struggling to cope with the economic crisis with the zloty hitting its weakest level since the country joined the EU, falling 14% against the euro this year alone. The Warsaw stock exchange is also trading at its lowest level for five years.
Doctor Stephens continues, “Poland has been downgrade this month in terms of Country Economic Risk, following similar downgrades for Turkey and Ukraine last month demonstrating the continuing pressure on peripheral countries in Eurozone as the European Central Bank has maintained interest rates at a higher level than those in the US and UK.”
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