Accuity: Doing it by the Book
“Sooner or later, everyone sits down to a banquet of consequences,” Robert Louis Stephenson once wrote, and when it comes to reform of financial systems it seems that banquet is now repeating on us.
The strain that ever-more-stringeant regulation is putting on the global financial services marketplace is in itself creating a creeping threat to economies through a significant drop in global correspondent banking relationships, linked to de-risking by the world’s ‘premier league’ banks.
This
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