Pivotal changes lie ahead for US financial market infrastructure, German and Indian banks

Donald Robertson and Fadi Massih of the Securities and Exchanges team size up the implications that the recent social media-powered short squeeze has for US retail brokers, market makers, clearinghouses and exchanges. Plus, Swen Metzler spotlights German banks’ pressing need to rein in costs, and Alka Anbarasu tells us which Indian banks will win the race to go digital.Inside this episode:Swen Metzler spotlights German banks’ pressing need to rein in costs, and Alka Anbarasu tells us which Indian banks will win the race to go digital (begins at 3:01).Donald Robertson and Fadi Massih of the Securities and Exchanges team size up the implications that the recent social media-powered short squeeze has for US retail brokers, market makers, clearinghouses and exchanges (begins at 12:04). Related content:Banks – Germany: Large cost cuts are needed to stay profitable - German banks' high costs make them among the least profitable in Europe. That will need to change in face of further declining revenues.Banks – India: SBI, large private sector banks stand to gain from digitalization accelerated by pandemic - As social distancing measures boost demand for digital financial services, large banks capable of accelerating digitalization are well positioned to benefit.Securities & Exchanges – US: Retail trader short-squeeze has substantial market infrastructure implications - Recent market events and volatility have opened the prospect that authorities may propose changes to the US financial market infrastructure. We explore some possible proposals.