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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

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Risk-free and Currency Volatility

Risk-free and Currency Volatility

Keith Mullin

35 years: Capital markets editorial

In this last video of the series, Keith explains how currency volatility can impact so-called risk-free investments.

In this last video of the series, Keith explains how currency volatility can impact so-called risk-free investments.

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Risk-free and Currency Volatility

1 min 26 secs

Key learning objectives:

  • Identify if there are risks associated with UK Government debt

  • Be able to classify if all Government assets are risk-free

  • Explain how currency volatility affects returns

Overview:

UK Government debt is essentially risk free in the sense that the funder will receive their money back. However, other UK assets i.e. currencies are subject to volatility, and thus investors and traders face heavy risk.

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Summary

Is Government debt risk-free?

Based on its credit rating (Strong Double A) and its international standing and track record, UK Gilts are to all intents and purposes risk-free assets.

Holding UK Government debt may be risk-free in terms of your ability as a buy-and-hold investor to get your money back.

Are all Government assets risk free?

The short answer is No.

For example, The Sterling’s performance against the USD since the 2015 UK general election shows extreme volatility.

How can currency volatility impact returns?

Non-sterling-based investors holding unhedged sterling assets and looking to trade in or out will have been exposed to severe currency-related losses depending on their chosen entry and exit points during this period.

For example, the Sterling exhibited extreme downside volatility in the period leading up to the Referendum, and again when the likelihood of a no-deal Brexit hardened.

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Keith Mullin

Keith Mullin

Keith is the founder and director of KM Capital Markets, a media and thought-leadership consultancy. He spent the past 35 years working in specialist capital markets media and has had a ring-side seat at all of the major market events. Prior to setting up KM Capital Markets in 2017, Keith worked at Thomson Reuters.

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