Blog

05
Dec

Cryptocurrency and Accounting: A Challenge in Concept, An Evolution in Technology

Cryptocurrency and Accounting A Challenge in Concept, An Evolution in Technology Bitcoin price hits X USD… ETH price crashes to Y USD… Almost everyone was interested for a while to follow the news about cryptocurrencies, and thought maybe about buying them, because betting on them became a trend and a game of high risk regarding...
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15
Nov

LIBOR Discontinuation

The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. It is based on five currencies including the USD, EUR, GBP, YEN, and CHF and serves seven different maturities between overnight and 12 months. The LIBOR rate...
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26
Oct

Inflation and the Road to Normalization

As part of the short-term business cycle, inflation is an awaited phase resulting from an above potential growing economic activity. Yet, its destabilizing long-term effects have to be brought under control through monetary interventions to bring it back toward its normal course. In light of current inflationary forces that led to countless complications, global growth...
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06
Oct

SWIFT to migrate into new payments standard in November 2022

SWIFT is the global messaging network used by banks and financial institutions to securely send and receive information such as money transfer instructions. The protocol is used by over 11,000 institutions across 200 countries. What is changing? SWIFT announced its migration to ISO 20022 standards, a global and open financial communications standard for financial institutions. The new standard incorporates a...
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10
Aug

Is the global economy heading into a recession?

With rising US interest rates, Europe’s cost of living crisis, and China’s growth shot down by COVID-19 lockdowns, there certainly is no shortage of imposing problems surrounding the global economy. However, defining a global recession is no easy feat: The IMF and the World Bank characterize a global recession as a year when the average...
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26
Jul

Climate change: A risky business or a wave of opportunities?

As banks provide finance to the global economy, it is incumbent on them to reduce the impacts of Climate Change – Which is becoming the biggest threat facing humanity today – and to minimize the extent of the physical risks it poses. Bankers now realize that climate change is the most major emerging risk they...
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14
Jun

The future Looks Bright!

When the COVID-19 pandemic started, Sequel – like most businesses around the world – was scrambling to figure out how to survive this unprecedented shock that paralyzed the global economy, and brought IT infrastructure investments and capital expenditures to a halt. We felt the impact almost immediately when our largest customer paused their on-going projects,...
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