In a strange move, #Fitch just downgraded the US sovereign #ratings from AAA to AA , with a stable outlook.
The #rating agency's justification is set out in this statement (link below).
I am very puzzled by many aspects of this announcement, as well as by the timing.
I suspect I won't be the only one. The vast majority of economists and market analysts looking at this are likely to be equally perplexed by the reasons cited and the timing.
Overall, this announcement is much more likely to be dismissed than have a lasting disruptive impact on the US #economy and #markets.
fitchratings.com/research/so…#econtwitter
As the clock ticks towards the #financialservices sector’s compliance with #FCAguidelines, we examine how our syndicated #research program can provide an automated and efficient way of refining your communications.
▶️ View the on-demand webinar here: app.livestorm.co/toluna/cons…
ALT Consumer Duty: Are You Prepared? | On-Demand Webinar | Toluna
As the clock ticks towards the Financial Services sector needing to comply with FCA guidelines by August this year, we take a look at how our syndicated research programme can give you an automated and efficient way of assessing and refining your communications, including access to other providers’ communications performance as a key comparison.
Please join us so that we can take you through what we have achieved to date, how FS providers are already benefitting from the programme and how we see it as a way to fulfil your communications testing obligations for July 31st and beyond.
The session is presented by Michael Worledge, Head of Financial Services Research and Mark Foran, Senior Associate Director in Financial Services Research.
View the on-demand webinar here:
https://app.livestorm.co/toluna/consumer-duty-are-you-prepared?type=detailed
#French banking giant @CACEIS has obtained regulatory approval to offer #Crypto custody services, joining other #TradFi players in embracing the crypto realm. This move further strengthens the bridge between traditional #Banking and the crypto industry.
The apex bank has developed FAQs to douse the fire, but appears to defend itself against the indefensible.
K.T. Jagannathan writes:
#Bankingthewire.in/banking/settling-…
What is the rationale for permitting lenders to enter into compromise settlements with borrowers classified as fraud or wilful defaulter? | K.T. Jagannathan
#Bankingthewire.in/banking/settling-…
The “compromise settlement norms” announced a few days ago by the RBI have, predictably, raised a storm among the Opposition and other critics. | K.T. Jagannathan
#Bankingthewire.in/banking/settling-…