Ecuador is striving to re-establish ties with the International Monetary Fund and World Bank, tap international capital markets and embrace orthodox economic policies. However, when it comes to banking, the country's new direction is not proving to be universally popular.
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Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.
New York leads the world’s international finance centres for inbound and outbound foreign direct investment into the financial services sector, but other US financial centres are also proving attractive destinations.
The financial crisis hit the Caribbean hard, with the region only recently starting to recover. Now that the worst is over, the president of the Caribbean Development Bank is looking to build a more sustainable future, encouraging projects that minimise the effects of natural disasters and develop the region's renewable energy potential.
Caribbean lenders seem to be finally emerging from a difficult few years, with both aggregate Tier 1 capital and assets rising. Profitability remains largely unchanged, however, with some banks making significant gains while others remain in the red.
The US sanctions regime will drive business into the shadows and accelerate the growth of alternative trading currencies.
Trinidad and Tobago finance minister Larry Howai tells Silvia Pavoni about his plans for the country's international finance centre, and explains why its improving legislative framework and educated workforce make the country stand out from its Caribbean peers.
The governor of Trinidad and Tobago's central bank, Jwala Rambarran, has overseen a hectic period in which the country has considerably tightened its supervision procedures, sought to clarify the role of its international finance centre and developed its capital markets. He tells Silvia Pavoni how improving financial inclusion is his next priority.
Trinidad and Tobago’s plans to develop an international finance centre hold great promise, but what hurdles does the country face to achieve its goal?
Awash with liquidity and riding on the back of the country's impressive economic growth, the picture looks healthy for Trinidad and Tobago's banks, with opportunities in SME financing and online banking set to maintain this momentum.
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