The global economic situation continues to dominate the environment for financial services. In the USA, there are a few encouraging signs in the retail and housing sectors, but uncertainty leading up to the presidential election cast a long and lingering shadow. In China, there are fresh concerns about the slowdown in growth, despite continuing strong exports. Strung between these two rather shaky pillars, in Europe, the sovereign debt crisis still appears to be very slow moving towards a resolution, the political impetus for change looks likely to slow down as we approach German elections this year and, in the long term, the sustainability of the post-war social-democratic consensus looks ever more fragile.
Articles in this edition include:
- The Longest Journey ‒ Update on financial services regulation
- The opportunity for the finance function in insurance: Better data, efficient processes and lower costs
- China rising: The focus of payments moves east
- Swap data reporting: Deadlines looming
- Technology and Intelligent Insurance
- The rise of non-bank credit: Revolution or evolution?
- Eurozone banks “an ever closer union"
- Stuck in the middle: Outsourcing the middle office
- Striking the right balance: How the board acts as the fifth line of defence
- Dark pools: In the spotlight again.