Disruption Banking Weekly Highlights (18)

It’s time to look back at last week’s content and analysis from #DisruptionBanking!

Adéníyì Mákindé started by forecasting the future price trajectory for the Ripple (XRP) cryptocurrency. A spike in bullish sentiment, a predicted favourable ruling in the ongoing Ripple-SEC lawsuit, and positive macroeconomic data have all helped push the price of Ripple higher. More below:

Harry Clynch looked into the performance of the Malaysian Ringgit (MYR) which has been one of the worst performing Asian currencies in recent months. This is surprising to some as Malaysia’s overall economic performance is very strong. Harry argues that the ringgit’s weakness can be explained by monetary policy in the US:

In an exclusive interview, Kate Karimson (née Henry) , Chief Commercial Officer of R3 , spoke to #DisruptionBanking about the future of DLT in regulated financial markets. Find out why, in Kate’s words, “DLT has the potential to fundamentally reshape the future of money and finance in a powerful and positive way.”

Harry took a look at US monetary policy and argued that the Federal Reserve is not cutting interest rates because inflation remains higher than most people realise. The Fed has changed the way it calculates inflation, but under its previous method, inflation peaked at 22% in the States and remains stubbornly high. That helps explains why Americans are feeling poorer despite the economy looking strong on paper:

Finally, #DisruptionBanking took a look at the race to succeed Noel Quinn as the CEO of HSBC. There are several prominent potential successors to replace Quinn, who is widely seen as having had a very successful stint as HSBC boss. We take a look at the runners and riders:

Check back next week for all the freshest news and analysis from #DisruptionBanking.