• Faisal Ameen, Arnon Goldstein, Nancy So, Lisa Robins, and Heidi Toribio were invited to assess the most pressing issues that financial institutions face this year
• Country-specific measures issued by local regulators and central banks, macro trends and challenges of compliance, business strategy and cybersecurity are some of the issues that FIs and corporate clients face today
• To tackle cyber fraud across payment rails, banks such as Deutsche Bank and Bank of America Merrill Lynch use SWIFT’s CSP

Trade tensions between China and the US have over the past twelve months worsened instead of abating. They have in fact erupted into open warfare with the imposition of increasingly severe unilateral and retaliatory tariffs. With global economic growth already at its slowest since the last financial crisis, the World Bank has warned that the continuing impasse between the two trade giants could well tip the world economy into recession.

The continuing uncertainty over the outcome of Brexit has also dented business and investor confidence. Many European and Asian economies are now teetering on the edge of recession. With interest rates at historical low levels there is little that central banks can do to stimulate growth.

Add to this, banks’ balance sheets are under increasing stress from the burden of regulatory and compliance requirements while margins continue to be compressed by competition from traditional and new digital players.

The adoption of new “real-time” and “distributed” financial markets infrastructures has also exposed the industry to new demands and threats.

How will all these developments impact the flow of trade and commerce globally and what collateral impact will it have on businesses and companies, including financial services providers and banks?

We invited Faisal Ameen, Head of Asia Pacific Global Transaction Services, Bank of America Merrill Lynch; Arnon ...

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