Bitcoin took the finance services community by storm when it reached its highest price. However, as regulators set up rules on digital currencies, its status as a safe haven currency is now being questioned.
A narrative that is not being discussed on the recent crackdown of several companies, including Anbang, Fosun, Wanda, HNA and Li Yonghong’s Rossoneri in China, is the regulator that drove the entire episode. How will that shape the country’s financial regulation system?
Paul Gardner, head of structured commodities finance at Westpac, believes that while banks play an important role in managing risk in the commodity supply chain, consumers are also at the forefront of driving change in the commodities super-cycle.
The boards of directors of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have approved a proposed merger of the banks, which will create the largest bank in the Middle East and North Africa region.
Ahmed Maan Tabaqchalli, chief investment officer of Asia Frontier Capital in UK, and Philippe Paillart, former chief executive officer of DBS Group, discuss the future of London, Europe, and the global economy after Britain decided to leave the European Union.