Financial services
As financial planners and advisors work with clients to manage their finances, creating a budget can be an effective starting point, but sometimes, even with the best planning, clients may fall short of their goals. This is often due to the tendency to inaccurately estimate discretionary spending. Stephanie Holmes-Winton, founder
Financial services
The National Bank of Cambodia has issued an official notification to banking and financial institutions to provide fair Thai baht-to-riel exchange services for Cambodians returning from Thailand due to the ongoing border conflict. The central bank aims to ease currency exchanges and safeguard the interests of its citizens. ACLEDA Bank
Financial services
Current research has revealed that consumers are reluctant to adopt artificial intelligence (AI) technology in financial services, citing concerns about the intermediary psychological mechanism of adoption intention. A study conducted by researchers at EMLYON Business School in collaboration with other institutions has proposed a novel concept, consumer technology vulnerability (CTV)
Financial services
S&P Global has upgraded Pakistan's sovereign credit rating to 'B-' from 'CCC+', citing the country's stabilized finances and reserves bolstered by International Monetary Fund (IMF) support. The rating agency also placed Pakistan on a 'stable' outlook, predicting continued
Financial services
S&P Global Ratings has announced a credit rating upgrade for Pakistan, recognizing the country's improved financial stability. The upgrade from 'CCC+' to 'B-' is attributed to Pakistan's ongoing economic recovery and increased revenue generation by the government. The International Monetary
Financial services
The UK's Financial Conduct Authority (FCA) has issued a warning about a clone firm that is pretending to be a legitimate financial institution. The firm, bgc-brokers-lp.com, is claiming to be an authorized firm, but in reality, it is a scam. The FCA has confirmed that the genuine
Financial services
The Federal Ministry of Finance has recently revised its circular addressing cryptocurrencies and tax, introducing changes in terminology and technical explanatory notes. The revised circular builds on the existing understanding of crypto assets under tax law, clarifying specifics on price determination and claiming. Although the circular does not address non-fungible
Financial services
Pakistan's sovereign credit rating has been upgraded by S and P Global Ratings from 'CCC+' to 'B-' with a stable outlook, a development that is expected to boost investor confidence and ease the burden of external debt payments. The upgrade comes after a period
Financial services
Dean Shahan, a seasoned financial advisor with a strong background in advising high-net-worth and ultra-high-net-worth families, has been named Executive Vice President and Financial Advisor at CapWealth, a registered investment advisor based in Franklin, Tennessee. Shahan brings a detailed and analytical approach to complex financial situations, underscoring CapWealth's
Financial services
Morgan Stanley Wealth Management has launched the Equity Vulnerability Score, a proprietary tool to help clients and financial advisors measure and rank the susceptibility of US stocks to potential future drops in value. This risk management tool is particularly useful for investors holding concentrated equity positions, which can expose them
Financial services
Asset managers are launching active exchange traded funds at a record rate this year, hoping to capitalize on growing investor interest in versions of these low-cost vehicles that take more risk than standard index tracker products. According to Morningstar, twice as many active ETFs as passive tracker ETFs have been
Financial services
The 2025 Investment Management Compliance Testing (IMCT) Survey, released by Investment Adviser Association, ACA Group, and Yuter Compliance Consulting, reveals that Artificial Intelligence (AI) has emerged as the leading priority among compliance officers. This year's results highlight a rapidly evolving regulatory landscape, with AI, Anti-Money Laundering (AML), and
