Governance, Regulation & Compliance
Capital Markets | Sovereign Risk
Low energy and commodity prices and a global economy stuck in low gear have provoked a surge in sovereign ratings downgrades in the first three months of this year. And rating agencies anticipate another wave of downgrades if a wider global economic slowdown materializes.
As the commercial world becomes more litigious, individuals and corporations are increasingly hamstrung from pursuing justified legal claims by a lack of liquidity or other means of financing.
While Latin American economies are expected to shrink by roughly 1% this year, Mexico is slated to grow 2.2%.
The banking industry’s leading lights have largely adjusted their business plans to a world of tighter regulations, higher capital requirements and less leverage. Now, they are taking on new competitors by embracing the very information technology that has disrupted their business.
On May 9, voters in the Philippines will elect a new president amid growing concerns over whether the strong legacy of president Benigno Aquino III will continue.
US: At 42, he is a former banker, a former bailout czar and a former politician. He wants to persuade the public, from Wall Street to Main Street, that large banks pose a risk to the economic system. The risk is too high, he says, and must be eliminated—surely not a minor feat, not even for one of the presidents of the mighty Federal Reserve.