BIS-Rapid growth in FinTech credit carries opportunities and risks: report
May 22, 2017--FinTech platforms account for an increasing share of credit provision and policymakers have to consider the opportunities and risks such activity brings, a new report by the Committee on the Global Financial System (CGFS) and the Financial Stability Board (FSB) finds.
The report analyses the nature of FinTech credit and finds wide variation in the business models of the electronic platforms involved. Platforms facilitate various forms of credit, including consumer and business lending, lending against real estate and business invoice financing. The profile of investors, which platforms match to borrowers, also differs across countries.
In its latest Compendium of Productivity Indicators, the OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued declines in labour's share of national income.
Source: OECD
Fidelity International rules out 'costly' M&A deals
Fidelity International has ruled out making any big fund management acquisitions, amid predictions the sector is ripe for consolidation.
Source: fnlondon.com
Bassanese Bites: Steady week given mixed news
Having started with a bang, the Q1 US earnings report season is ending with a whimper. Of course, that's perhaps not surprising given the remaining focus on competitively challenged bricks and mortar retailers-such as Macy's and Nordstrom which reported downbeat results last week.
Source: betashares.com.au
Asia in danger of growing old before it becomes rich
Source: Risk.net
May 17, 2017--President of the £215 billion fund manager is not interested in participating in an expected wave of industry consolidation
May 16, 2017--The Week In Review
It was another fairly lacklustre week in global markets, with the S&P 500 easing back 0.4% after flirting with new record highs.
May 16, 2017--In contrast, Africa risks being held back by a surfeit of young people
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