FT News Briefing More Saudi women join the workforce
Oct 21, 2021
Financial news highlights include the ECB's call for banks to expand their post-Brexit operations. Meanwhile, Turkey faces the risk of being grey-listed over money laundering issues. A key focus is on the remarkable increase in Saudi women's workforce participation, now at 33%, fueled by economic reforms. However, the discussion also unveils the tension between empowering women and the authoritarian practices of the Crown Prince, showcasing the complexities of reform in the kingdom.
AI Snips
Chapters
Transcript
Episode notes
ECB's Post-Brexit Banking Requirements
- The ECB is pressuring banks to increase staffing and capital in their post-Brexit EU operations.
- This affects banks globally that used London as their EU hub.
Turkey's Potential Grey-listing
- The Financial Action Task Force (FATF) might "grey-list" Turkey for insufficiently combating money laundering and terrorism financing.
- This grey-listing could hinder Turkey's ability to attract foreign capital, impacting its economy.
Saudi Arabia's Growing Female Workforce
- Saudi Arabia's female workforce participation has doubled to 33% in four years.
- This increase is partly driven by a decrease in expatriate workers.