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Europe points finger at “high-risk countries”
Filip BrokešThe European Commission composed a list of high-risk third countries which have “strategic deficiencies in their AML regimes”. Entities connected to these countries will have to go through an increased scrutiny before...
Polish banks are well prepared for the consequences of the pandemic
Piotr Rosik“The current crisis is a crisis of the real economy, which may turn into a banking crisis, but doesn’t have to. Fortunately, the Polish banks are well prepared, with high capital buffers, which will help to absorb the...
In Europe ultimate beneficial owners are still mainly hidden
Filip BrokešFollowing a series of money-laundering scandals the European Commission is stepping up in the fight against financial crime. Warning of gaps and weaknesses in national AML systems, it calls for a unified, European approach...
The gold rush
Vedran ObućinaIn the last weeks, prices of gold rose to near-eight-year highs, fueled by new cases of COVID-19 that are dampening hopes for a speedy economic recovery. In the physical market, the price of an ounce of gold increased to the...
Quantitative Easing — not as bad as it’s made out to be
Piotr KaliszThe program of asset purchases by Poland’s central bank is generating some controversy. However, many of these concerns seem to be unwarranted, especially in light of the experience of other countries, which have used...
Technological (r)evolution in the banking sector
Adam Głogowski, Paweł Pisany, Tomasz GromekThe expenditures on technology by banks are on the rise, although innovation is primarily gradual in nature and mostly focuses on improving the existing systems to include additional processes. The largest banks are...
The payments industry will change after the pandemic
Mirosław CiesielskiThe shutdown of most economies due to the pandemic is being reflected in changes occurring in the volume and structure of global payments and is accelerating their digitization. Financial market companies will undergo...
An unprecedented crisis and an unprecedented policy response
Anna Dobrzańska, Magdalena KozińskaIn contrast to the global financial crisis, the objective of the current rescue measures is to support the enterprise sector. However, in the event of a protracted pandemic emergency the effects of the economic downturn will...
Romanian shares now easier to reach
Filip BrokešStarting from July 1, 2020, shares of Romanian companies are settled and deposited through Deutsche Börse’s central international securities depository (ICSD), known as Clearstream, according to the Romanian Press Agency.
Venture Capital funds in the CSE
Vedran ObućinaThere are many reasons why Central and Southeast Europe (CSE) is not attractive to foreign investors, most notably high levels of corruption, legal restrictions that prevent or restrict Venture Capital (VC) investment,...