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Josh Weinberg, Head of Financial Systems and Change at Citizens Advice

Generation CFO

I tend to steer away from using the word ‘transformation’” says Josh Weinberg, Head of Financial Systems and Change at Citizens Advice. . “In The post Josh Weinberg, Head of Financial Systems and Change at Citizens Advice appeared first on Generation CFO. Contact Us.

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Synchronized financial systems break down silos and enable enterprise agility

CFO Dive

Leaders should consider three actions to enable enterprise agility and break down siloes.

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The "live" stress test of the entire financial system

Simply Treasury

At inception, it was certainly a health or biological crisis, which also quickly generated financial consequences. A live exercise is always better than any test. Are we not experiencing a “live” stress test, never imagined or conceived by a human brain, of a major crisis? Will it pass this full-scale test? That is the question.

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Unsecured retail loans building up stress in financial system

CFO News

Indian banks are facing a hidden threat in their unsecured credit portfolios, with banks like IndusInd Bank, Bandhan Bank, and Yes Bank showing signs of stress. Despite strong earnings and reduced bad loans, the increase in unsecured loans could lead to a rise in bad loans in the future.

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Central bank digital currencies may disrupt financial systems

Future CFO

The post Central bank digital currencies may disrupt financial systems appeared first on FutureCFO. The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between the associated risks and benefits.

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Indian financial system well protected, regulated, says Economic Affairs Secretary Ajay Seth

CFO News

Briefing reporters about the outcome of the 27th meeting of the Financial Stability and Development Council (FSDC), headed by finance minister Nirmala Sitharaman, Seth said, "We see that the global financial situation is daunting, but at the same time, the Indian economy and financial sector is well protected and well regulated.

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IMF: Banks Could Encounter Market, Credit Losses As COVID-19 Surfaces ‘Cracks’ In The Financial System

PYMNTS

The International Monetary Fund (IMF) cautioned that COVID-19 has made “cracks” in the worldwide financial system known and “will likely” have financial institutions encounter market and credit losses that will put their reserves to the test.