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4 regions, 4 views, on the world post covid-19: Europe
21/05/2020

Depicting the impact post-Covid-19 in Europe As the measures are lifted and the end of the confinement begins to take effect across European countries, many editorial writers are debating the rebound and the need to look ahead towards the post-pandemic period. They also say, "there will be a before and an after". This puzzles me and raises a number of questions. Defining the "before" on a timeline is rather easy: it…

4 regions, 4 views, on the world post covid-19: UK
20/05/2020

“Music concerts with Micrashells – is this the way forward for financial advisors?” Maintaining the Adviser and Customer personal relationship. Face to face is obviously always going to be the best option; sadly, with social distancing, we have to come up with the next best thing. Could this be it? Is there life on Mars? A new way of meeting face to face – How about the Micrashell Hazmat Suit as reported by Billboard,…

4 regions, 4 views, on the world post covid-19: North America
19/05/2020

“Due to the Mayors (sic) decision, we are closed until further notice” March 22, that’s when it really hit home. I had decided to walk from the office rather than risk the crowded subway home. In the doors and windows of bars and restaurants was a version of the same message “Due to the Mayors (sic) decision, we are closed until further notice”. Though my office had already offered everyone the…

4 regions, 4 views, on the world post covid-19: Latin America
18/05/2020

Sometimes it looks like we are on the set of some science fiction movie. Bright sunny days with empty beaches. People wearing masks, few cars on the streets, everything is closed. The health crisis is on its peak here and we can see on our daily routine how this is leading to an economic crisis. Several movements have taken place on the streets protesting against the governor´s measures. From the…

Postponement of the ISO20022 for X-Border Payment and the COVID-19 crisis
14/05/2020

Did that get your attention? The ISO20022 implementation for cross border payments has been delayed, but not due to the coronavirus crisis. It could, however, be impacted. SWIFT cancelled SIBOS this year due to COVID-19, but the decision to postpone the go-live of ISO20022 for cross border payments (MT Categories 1, 2 and 9) from November 2021 to the end of 2022 (note that no specific date has been announced), is essentially…

Banking, Regulation and Covid-19: (Stress) Testing Times
13/05/2020

They say all good things must come to an end eventually. After more than 10 years of sustained economic growth and steadily rising GDP across Europe and the rest of the world, that end has come in a dramatic way this year. To say I would have been shocked if anyone had of predicted that in 2020 we would see a third of the global population on lockdown, the largest…

Are you stockpiling or using your assets efficiently?
12/05/2020

At VERMEG we believe that optimisation solutions should be tailored to different market sectors. Different organisations have varied drivers and priorities depending upon their size, their strategy and the legality of pooling assets across multiple entities or funds. Each organisation must set its own goals in relation to what it wishes to accomplish, whether this is the maximising of efficiencies, increase in savings or the drive for revenue opportunities. To some…

Has Margin Call madness highlighted broader failures in the collateral ecosystem?
07/05/2020

As Covid-19 sweeps the world we’ve seen global leaders in ICU, negative oil prices, record-high global debt, record-low interest rates, equity markets in free-fall, F1 teams building emergency medical equipment, and conspiracy theorists out in full force - no doubt there will be geopolitical powerplays going on behind the scenes. 5G towers and Chinese biochemical warfare, I’m not as convinced! And let’s not forget Brexit, the US election and where…

Locked down for 40 days but more connected than ever
06/05/2020

Forty days of lockdown and here we are. The symbolic importance of that number is still debated. Number 40 is at the heart of numerous sacred scripts, very often in the context of judgment, so much that many interpret it as the number of divine intervention or punishment. Number 40 seems to be associated with a period of reflection, maturation succeeding major events, in other words reinvigoration. New lifestyle trends in…

COVID-19 and beyond...
05/05/2020

Navigate the crisis To face covid-19 crisis, many financial firms triggered disaster recovery plans. Due to the lockdown in different countries, they had to cope with an unprecedented way of working, entirely decentralized, with most of the staff working from home. At the same time, both buy side and sell side firms had to manage higher trading volumes due to last months’ markets volatility peaks. Collateral departments have been under huge…