Euromoney.com TS 2014 Review | Page 2

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THE RISE
OF BITCOIN

5 KEY
TRENDS

“The price of Bitcoin is based on volume and the volume is
based on volatility. The more media coverage there is, the
more people talk about it, the higher the volume of trades
and the higher the volatility.”
Yoni Assia, eToro

IN GLOBAL TRANSACTION BANKING

Before the crypto-currency can make the transition – and become
less scary, and more accessible to the public – it needs to overcome
this catch-22 situation: increasing liquidity and reducing volatility.

SOUL SEARCHING IN
FINANCIAL INSTITUTIONS

SIGNS OF
CONVERGENCE

CASH MANAGEMENT’S
POPULARITY

REGULATORY
CONSEQUENCES

“The question is not just who can provide
the best products and services – which are
vital – but which provider is going to stay
long-term in this business.”

“We brought cash and trade together and
evolved the sales team to be more multinational and more client segment based.”

“Before the financial crisis, corporates
didn’t focus as much on the availability
of cash or counterparty risk exposures.
Now these areas are seen as paramount.”

“The European Commission’s model brings
a risk that banks & other card issuers will
be forced into new fees... which will have to
be funded by card-holders in other ways.”

Richard King, Bank of America Merrill Lynch

UK Cards Association

The countercyclical nature of cash
management makes it perfect to
help smooth out returns.

The unintended consequences of regulatory
intervention, created new challenges for the
banking industry, not least future profitability.

Jiten Arora, Standard Chartered

Marcus Sehr, Deutsche Bank

The scale of the regulatory challenge is
prompting an unprecedented level of
soul-searching among the world’s FIs.

Financial institutions are now slowly but
surely integrating their multi-product
corporate-focused business streams.

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