Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 17. Oktober 2017

EU Official Sees Trump Team Cooperating Positively on Financial Rules

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal

Valdis Dombrovskis sees ‘targeted adjustments,’ not push toward financial sector deregulation

Valdis Dombrovskis, who leads financial-services policy work at the European Union’s executive arm, said fears about President Donald Trump’s financial deregulatory agenda haven’t been realized.

WASHINGTON—European officials see cooperation with the Trump administration on financial sector oversight “developing in a positive way,” according to a top official who met with U.S. regulators on Friday.

European Commission Vice President Valdis Dombrovskis in an interview said European Union fears about President Donald Trump’s financial deregulatory agenda haven’t been realized. Den Rest des Beitrags lesen »

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The Eurozone’s Challenge: Don’t Waste the Recovery

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal By Simon Nixon

The bloc’s robust recovery is an opportunity to strengthen its resilience to future shocks—but will governments grasp it?

French President Emmanuel Macron, and German Chancellor Angela Merkel have different priorities when it comes to reforming the eurozone’s architecture.

The International Monetary Fund had a clear message for economic policy makers gathered in Washington for its annual meetings last week: don’t waste a recovery. The global economy is enjoying a robust upswing, so governments should fix the roof while the sun is shining.

It was a message directed particularly at the eurozone. The strength of the currency bloc’s recovery has taken almost everyone by surprise, not least the IMF, which upgraded its forecast for eurozone growth in 2018 by 0.2 percentage point to 2.1% compared with its July forecast, putting it on a par with the U.S. This recovery is both broad-based, spanning all countries and sectors, and well-balanced—with household spending, exports and investment all playing their part. Den Rest des Beitrags lesen »

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J.P. Morgan’s James Dimon May Hate Bitcoin, but He Loves Blockchain

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal

Bank expected to roll out a pilot program to use the record-keeping technology to speed global payments

James Dimon, the chief executive of J.P. Morgan.

J.P. Morgan Chase & Co. CEO James Dimon  recently trashed the digital currency bitcoin as a fraud that will blow up. But he’s still enamored with the technology that underpins it and other virtual currencies.

The latest sign is expected Monday, when the nation’s largest bank rolls out its next pilot program to use the record-keeping technology, known as blockchain. The initiative will enable the faster, more secure transfer of cross-border payments between J.P. Morgan, Royal Bank of Canada and  Australia and New Zealand Banking Group Ltd. Den Rest des Beitrags lesen »

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