Raymond grew up in London and started a career in international trade at age 20 while attending the university. He established an international export company specializing in agriculture commodities, processed foods, etc. worldwide. Early in his career, he initiated the International Tax-Free Zone (Oregon USA- Colombia River- Pacific Ocean Access). International trade taught Raymond about International Commerce, Development, and Currency Risk on a global scale. Trade and Political Risk Analysis was also a part of his learning scope providing him an in-depth global trade and economy knowledge of sovereign political risk insurance.
A former Regulatory Examiner, Financial Markets/securitization, Qualified Expert Witness for financial instruments in federal/state courts, Raymond has over 20 years proper in the finance sector. He is a real estate broker, certified tax credit expert, asset restructure & lease-back advisor, business & real estate appraiser specializing in structured finance, credit enhancement, and risk underwriting – derivative markets. He is a former member of the Institute of Business Appraisers (IBA), has taught real estate and commercial mortgage banking as well as real estate economics & market studies. His efforts have been in making the whole-loan market more efficient for real estate securities investors. He focuses on research in securities, distressed credit investing, distressed bank debt, CMBS, ABS, CLO Bond Markets, Structured Finance, warrants, and other securities and structured derivative products.
Raymond is an advocate for and founder of Women’s Economic Network Without Borders, as well as a founder of Asia Economic Institute and the Africa Economic Development Institute.
Raymond’s efforts have been in shedding light on this sector to be more efficient.
Q & A with Raymond:
Q: What prompted you to create the Institutes? What gaps or challenges were you seeing that needed addressing by forming coalitions?
A: Simply, a passion to do something impactful.
Q: Are you seeing the adoption of Fintech (financial products outside of traditional banking, such as Blockchain, Crowdfunding, and Cryptocurrency, etc.) being problematic in governments, and if so, do you have ideas or solutions in mind that might help adoption?
A: I’m a former Bank Examiner and understand why banks are hesitant to get involved in Fintech. Fraud is a huge deterrent. That and governments have not found a way to Tax the new financial instruments. The mechanism hasn’t been figured out yet, and, figuring out this is what is referred to as Innovative Financial Engineering (IFE). The IFE system needs to be integrated into the Monetary System. This is key. Also, Regulation isn’t developed enough yet. The US is advanced in Fintech, and even some European and Asian countries are understanding the processes more quickly. Other countries aren’t so equipped to dive into Fintech. So, the big issues to move Fintech along are:
- Tax (#1) This is an uncharted area, but, needs to be addressed before smaller governments will get seriously interested.
- Mechanism needed for…
- Regulation development and uniformity to our financial system
Q: How are you seeing new Cryptocurrencies and data privacy challenges impacting these specific economies?
A: If the Central Banks of these governments don’t get on board with new currencies, etc., then governments will not follow. The process is just that the Central Banks as the primary financial institutions will set the pace. Governments (all) have been printing money to the point that they’ve lost track of it. The money being printed is simply not trickling down to the bottom line. This causes inflation and Socio-Economic Distress. When you are talking about coin versus cash…you can see how governments who don’t understand how one spends virtual coins or how blockchain works are afraid that another flow of money will get into their system. It’s a source of “bacteria.” All of this is a bit too young for them to know how to find a mechanism for it.
Q: What is coming in Fintech that would either positively or negatively impact International Trade?
A: All of the above has potential either way. This is all more intellectual than a lot of people think or consider. Global Trade will depend on how it can be Taxed – and how it is Regulated. But for now, the gap between countries that Do and Don’t understand is big.
Raymond’s Networking Interests:
- Leaders of Central Banks around the globe interested in these emerging technologies.