According To Analysts, Russia May Collapse Within A Decade, Guaranty Trust Bank Has Been Fined
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As history shows, countries fell apart over the centuries. Mainly because of the wars. now experts are of the opinion that Russia can repeat the history of states that broke up as a result of armed struggles. The British Financial Supervision Authority is looking at the actions of banks in the country. The British Financial Supervision Authority punished one of them.
In this article:
- J.P. Morgan Healthcare Conference
- Niranjan Figurado as Chief Country Officer for Sri Lanka
- Russia may become a failed state
- Action of The British Financial Supervision Authority
J.P. Morgan Healthcare Conference
The annual J.P. Morgan Healthcare Conference is the largest and most informative healthcare investment symposium in the industry.
This symposium is about healthcare investment in an industry that brings together global industry leaders, emerging high-growth companies, technology innovators and members of the investment community.
The development of this sector is possible thanks to incentives and investments, and such projects expand the possibilities.
Healthcare leaders, investors, and innovators convene in San Francisco this week to discuss what’s next for the industry at #JPMHC23. https://t.co/Ug3ycIaZtH pic.twitter.com/YZETOZTjob
— J.P. Morgan (@jpmorgan) January 9, 2023
Read next: The Weather-Driven Crash Showed The Southwest Airline's Bigger Problems| FXMAG.COM
Niranjan Figurado as Chief Country Officer for Sri Lanka
Deutsche Bank is dynamically developing in Asian markets. Deutsche Bank has announced the appointment of Niranjan Figurado as Chief Country Officer for Sri Lanka. Niranjan has a wealth of experience, which is why the bank believes it will help develop the platform in Sri Lanka and contribute to the development of capital markets in the country.
Deutsche Bank appoints Niranjan Figurado as Chief Country Officer for Sri Lanka. Read more: https://t.co/VBIHnoYoba
— Deutsche Bank (@DeutscheBank) January 10, 2023
Russia may become a failed state
The Atlantic Council's Scowcroft Center for Strategy and Security surveyed 167 global strategists and practitioners on the biggest potential drivers of change over the next decade. The poll comes as Russia's war with Ukraine shows no signs of ending soon.
Like any war, it has its consequences even in the distant future. According to the respondents, Russia's war with Ukraine could cause shocks with huge consequences for a great power with the largest arsenal of nuclear weapons on the planet. Respondents also drew attention to the short-term perspective for this country, emphasizing that disintegration is on the horizon. Thus indicating that Russia will fall apart internally, and by 2033 it will even be a failed state.
The vision of responnets may be more real than we think. Russia mainly relies on the export of raw materials such as oil and natural gas, and the restrictions imposed by the EU have caused problems for the development of trade in Russian raw materials. The weakening of the economy, the weakening of the position in the international arena or civil wars can all contribute to the collapse of Russia.
Russia risks becoming a failed state in the next 10 years, analysts say https://t.co/VjByeV8txY
— CNBC (@CNBC) January 10, 2023
Action of The British Financial Supervision Authority
One of the tasks of financial supervision authorities is to assess the effectiveness of banks. It evaluates how banks prevent illegal transactions, money laundering. If they assess that the appropriate procedures have not been followed, they may impose a penalty. So did the British authority. The UK's financial watchdog has fined the UK subsidiary of Guaranty Trust Bank £7.6m ($9.3m) for successive failures in its anti-money laundering and control systems. The bank accepted this penalty.
UK watchdog fines Guaranty Trust bank over money-laundering controls failure https://t.co/PA8L2zCC40 pic.twitter.com/eFRQt1qmwg
— Reuters Business (@ReutersBiz) January 10, 2023
