AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in
 

 Blockchain a blessing and a curse for global banks

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

Blockchain a blessing and a curse for global banks Vide
PostSubject: Blockchain a blessing and a curse for global banks   Blockchain a blessing and a curse for global banks Icon_minitimeMon Apr 25, 2016 3:18 am

The much-hyped blockchain may hit global investment bank earnings before any other sector, but the costs it can cut out of the whole financial market can also boost their squeezed margins, says Morgan Stanley.

Blockchain a blessing and a curse for global banks 1461536696828

New research from the bank estimates blockchain can cut between US$15 billion ($19.5 billion) and US$20 billion in costs from global money markets.

That includes a slice of the profits global investment banks, including Morgan Stanley, earn from so-called post-trade settlement – which involves holding capital while verifying transactions such as share trades, or when corporate loans have occurred, ensuring payment is made – and it estimates they will likely be the first to feel the impact of blockchain within the next five years.

Read more: http://www.smh.com.au/business/banking-and-finance/blockchain-a-blessing-and-a-curse-for-global-banks-20160424-godpd8.html#ixzz46ovYMjz3
_________________
Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
Back to top Go down
 

Blockchain a blessing and a curse for global banks

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps In Science, Technology & Environment-