NBFIs come under regulators’ spotlight Nonbank financial institutions (NBFIs) such as hedge funds, private equity firms, and money market funds have taken a growing share of financial intermediation from traditional banks. This shift toward so-called “shadow banking” has heightened concerns about systemic risk, prompting regulators to step up scrutiny of the sector. The
How tariffs influence markets: A practical perspective This piece is a transcription of a recent conversation exploring how policy decisions and executive actions from the Trump administration continue to shape the global financial landscape. It examines the relationship between political leadership and the Federal Reserve, and how trade policies and debates around central
Is AI the missing link in modern investing? Active investing is evolving. As AI-powered tools gain traction and institutional flows become more visible, portfolio managers are rethinking how they build and adjust positions. At the same time, tighter research budgets and shifting regulations have made it harder to maintain a traditional fundamental approach. This
European anti-money-laundering reform An in-depth conversation with Stephen Rae Europe has just centralized its fight against financial crime with the launch of the Anti-Money Laundering Authority (AMLA), giving Brussels direct oversight of major banks and crypto-asset providers. At the same time, the U.S. is easing some reporting requirements even as crypto-based laundering grows, raising
The Trade Life Cycle: 5 Key Stages For many, a trade simply refers to the moment that two counterparties engage in a transaction, such as the exchange of cash for a bond in a securities trade or the exchange of two currencies in an FX trade. In reality, for a trade to take place,
What are DORA’s five pillars? Digital Operational Resilience Act The Digital Operational Resilience Act (DORA) aims to strengthen ICT risk management in the EU financial sector to help ensure that financial entities can continue operating if they face severe operational disruptions or cyberattacks. DORA focuses on five key areas: ICT risk management
Decarbonization: What role do banks play? Banks play a central role in the global economy, channeling trillions of dollars in capital to businesses and industries. Historically, this has included substantial financing for carbon-intensive sectors like energy, mining, and heavy industry, which are key drivers of greenhouse gas emissions. Today, banks face the dual
Different types of AI: Super, narrow, & general Many people assume that AI refers to a machine intelligent enough to perform any intellectual task as well as, or better than, a human. In reality, we are not yet at this point. The concept and evolution of AI can actually be viewed as encompassing
Know-How spotlight: AI, AI ethics, ESG risk and more Know-How is the go-to learning platform for anyone looking to deepen their knowledge of finance and stay ahead of the curve. With quarterly updated content written by financial experts, Know-How offers everything you need to stay informed, no matter where you are in your
Clean vs. renewable energy: What’s the difference? While there is significant overlap between “clean” and “renewable” energy, they are not exactly the same. Clean energy does not release any greenhouse gases or pollutants into the atmosphere. Renewable energy, meanwhile, is defined as energy that comes from resources that are constantly replenished and never
