Cross-border payments are at the core of international finance and economic activity and it have undergone dramatic changes over the past fifty years. 

Your Monday morning coffee briefing from TFG: Euro hits parity with US dollar for the first time in 20 years

After weeks of speculation and predictions of the euro’s value hitting parity with the US dollar, it finally happened this week, and the world noticed. 

For the third day in succession, a test of the psychologically important parity level in Euro-Dollar is underway, but a significant layer of options barriers could yet mean the exchange rate closes above this level again.

As Iain Martin of the Times said, “To deny the downsides of Brexit on trade with the EU is to deny reality.”
The decision to secede from the world’s largest single market area was bound to have some short-term economic consequences, but the UK may be experiencing more than a short-term decline.

Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions. 

When the rouble plummets, where do Russians put their money? TFG’s Marcus Lankford investigates…

In this article, the Bank of England’s Alastair Hughes talks about LIBOR cessation and risk-free rate alternatives

In this article, Liliana Fratini Passi, managing director of CBI, shares her experience of pioneering open banking in the Italian market

In this Q&A, we speak to author and markets veteran James Fok about his new book, Financial Cold War: A View of Sino-US Relations from the Financial Markets