Banking transformation

Banking transformation

– The storm is upon us
– Lack of liquidity is not allowed
– Banks and businesses are worried
– Banks forced to hold more capital
– Will have to comply with Basel III and IV
– The solvency of banks is in question
– China is already using ISO 20022
– It is a headache for banks
– Leaves less room for banks to act
– The aim is to promote global convergence
– BRICS adopted Chinese Cyps system
– Putin’s most powerful weapon is oil
– The White Knights have had enough
– White Hats will not help bankers
– The new standard is to start in November 2022
– But Basel III’s entry into force delayed to 2023
– The formation of a multipolar world would be underway
– Central banks would be more aggressive after summer
– Basel IV would make credit more expensive for companies
– Forces banks to hold ten billion dollars in gold and assets
– Westerners evacuate Taiwan as China risks invasion
– Five planets about to align in the sky in a rare conjunction

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