cat/documentation-and-compliance
A rapidly changing payments industry is threatening incumbent banks’ payment revenues and customer relationships with significant knock-on impacts to a banks’ ability to retain customers and cross sell. Against this backdrop, Accenture research shows that up to 43% of retail banking payments revenue in the United Kingdom is at risk between 2015 and 2020.
This week’s inquiry into small business loan practices saw the big four banks in the spotlight yet again this year, and the focus was on loan limits, communication and fairness.
Access to finance is the least pressing problem in general and businesses' demands for financing were often fulfilled. However, financing might still be a barrier for smaller and younger companies or in specific countries.
Bank loans and credit lines remain the most relevant sources of financing for SMEs in the EU. 55% of SMEs used credit lines in the past or considered using them in the future, while 50% said that about bank loans and 47% about leasing. Equity financing is relevant for 13% of SMEs.
The Commission's Start-up and Scale-up Initiative aims to give Europe's many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment,insolvency law and taxation
The Securities and Exchange Commission is considering new regulations that alternative lenders say would curb their ability to lend to small businesses.
The report seeks to facilitate a deeper understanding of the financial systems in the region, combining aspects of sustainability and financial inclusion. The 2016 report includes information from 20 countries in the region (with a few exceptions) and presents information up to December 2015. The majority of information in the report corresponds to regulated financial intermediaries, except for data in the microcredit section.
The Microscope is produced by The Economist Intelligence Unit, with policy expertise and financial support from The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, the Center for Financial Inclusion at Accion and the MetLife Foundation. Technical support was provided by the Institute for International Finance (IIF) and the Islamic Research and Training Institute (IRTI), a member of the Islamic Development Bank Group (IDBG).
Preventing future financial crises is a matter of creating better financial instruments, Nobel-winning economist Robert Shiller wrote in his 2012 book 'Finance and the Good Society'. To that end, the right fintech tools would go a long way toward encouraging innovative and healthy development in the finance sector.
Several of the current BCBS proposed amendments to the regulatory capital framework, if implemented as drafted, will have pronounced impacts on Emerging Market (EM) economies, directly and indirectly impacting the various avenues available for EM borrowers to obtain finance. This paper summarizes some of the key impacts for borrowers and product-types that are central to EM economies, specifically where the proposals stand to impact the provision of finance to business, as well as other financial products that are essential for the ability of EMs to generate growth.
Had a really interesting chat about RegTech the other day. We were debating how regulators have changed in recent times, not just in encouraging start-ups and innovation, but it looking forward rather than backward.
