From the Benche

A new view of the economic outlook has been published by our supporter SEB. This time the headlines are:

• Temporary US slowdown
• Inflation will fall
• Idle resources delaying Fed action on rates
• Rate hikes will push SEK and NOK
• Stronger emerging market currencies will ease global imbalances

...

You would have thought we’d have gotten further
Ever since the East India Companies of the 17th century, business around the world has been growing more and more international. Customer and supplier relationships are to an ever increasing extent occurring across the borders, often with very broad patterns linking into several markets, the result of modern multinational corporations. ...

If you go back several years, the attitude to CCPs was negative to neutral. The general opinion was that we had a modern and cost effective system and if you were a direct member on the exchange and the CSD then you were fine says Ulf Norén, global head of sub custody at SEB, in the article below (published by courtesy of Asset Servicing Times) . ...

As you can see the Benche has a new look today and also has some new features and forums. The idea with this "reconstruction" of the Benche has been to make the site a bit more "airy", that is make it easier to view and thus increase the readability. And we also wanted to emphasize that the Benche is a place for discussion between members, hence we have now placed the latest forum posts in the middle of the site, focusing on what you, the members, are doing on the Benche. ...