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Greece must find a way to secure more aid from its creditors, but is caught in the crossfire between the IMF defending its pleas for debt relief and European policymakers insisting on repayment.
After a successful year-long pilot phase, the new Swift global payments innovation (gpi) messaging platform is now live, but it still has some way to go before meeting Swift’s aspiration of it being adopted as the global standard.
Donald Trump's election to the US presidency means that markets in 2017 will be anything but dull.
Performance analysis solutions, once so pricey only the biggest banks could afford them, are becoming more widely used for FX strategies as regulations demand greater due-diligence processes and sell-siders are under pressure to prove they are giving clients value for money.
The Financial Conduct Authority’s (FCA) regulatory sandbox has been a hit with market participants and regulators alike, giving firms whose services were never anticipated by existing rules the chance to test out new features without fear of fines or enforcement action.
Rather than moaning about the time and money spent chasing false-positive alerts of criminal or terrorist financing, banks ought to be sharpening up their own anti-money laundering (AML) and know-your-customer (KYC) systems or renting in better ones.
High cost of credit in the ‘free market’ segments seen as economic impediment; president of BCB committed to lower costs and greater competition.
Geert Wilders’ Eurosceptic-populist Freedom Party might win the forthcoming parliamentary elections.
Running the latest treasury platforms internally can require a substantial upgrade in tech and increased IT spend, especially for smaller companies.
After a long period of dormancy, the Canadian dollar appears to have turned a corner in recent trading, as rising oil prices and a booming economy boosted appetite for the currency.
Although use of mobile devices to place FX orders is growing steadily among retail traders, demand from sell-side institutional traders has stalled because of compliance and functionality restrictions.
Country will promote the development of intra-regional trade at IDB annual meetings; Trump 'could be good' for Paraguay’s Pacific Alliance aspirations.
The country has disappointed investors by revealing undisclosed liabilities, which is underlining how African borrowers must be treated with caution.
The growth of renminbi trade has stalled, but it has forced a turning point to how corporates use the Chinese currency.
FX market-maker XTX Markets is placing its bets on trade transparency, making a new tool available to the buy side that will, for the first time, enable them to calculate the cost of trades rejected by market-makers.
Letshego has the ambition of becoming Africa’s leading inclusive finance group.
The story of convicted Trader A – Tom Hayes – lays bare the actions of a few cliques that masterminded the headline-grabbing Libor scandal, but despite Hayes’ conviction it is still notoriously difficult to pin blame on individual traders even if a firm admits wrongdoing.
BNP Paribas COO Philippe Bordenave tells Euromoney that the bank is putting digitization at the heart of its new strategic plan.
Some of Europe’s biggest banks have joined behind KBC’s blockchain prototype to help SMEs increase trade across the continent.
There may be yet some good news for UK based financial services in the wake of Brexit, if the Economic and Monetary Affairs Committee (Econ), a powerful committee within the EU Parliament, gets a draft resolution now being considered through to a plenary vote in its current form.
The long-awaited addition of hedging functionality to online trading application MetaTrader 5 (MT5) appears to have convinced at least retail FX customers that, seven years after its launch, it might at last be time to trade up their trading platform.
Treasurers are looking for digitized trade finance solutions; blockchain may be the answer.
The growing popularity of social FX trading has some platform providers worried that inexperienced traders are taking excessive risks through strategies they don’t fully understand.
One of the US president’s oft-repeated election promises was a tax holiday to encourage US corporations to bring assets held abroad back onshore – if he delivers, the dollar is likely to strengthen considerably against the currencies in which those assets are held, says Nomura.
CEO seeks to ease regulatory hit; merger doubles French business.
Bank warns on AT1 coupon if €13 bln rights issue fails; move highlights importance of capital increase.
Leaping into tier three, the country is on course to regain the rating it lost four years ago.
Shariah savings scheme could be a game-changer; wealth push follows success in sukuk market.
US banks strike positive tone over earnings; Europeans less likely to reap rewards of new volatility.
European bad bank could incentivize banks to transfer their bad loans, but the problem still won’t be fixed without state aid.
Italy could be clawing itself out of a pit of worry about its banks, according to the latest Euromoney Bank Risk results.
Last year was far from a vintage year for the big five US corporate and investment banking franchises, with almost no business lines seeing an overall increase in revenues in 2016, but the gains in fixed income sales and trading were enough to inch CIB division revenues up by 1.4% to $142 billion.
The rating agencies still won’t budge as the two countries’ risk scores diverge.
The international financial reporting standard (IFRS) hedge accounting rules are likely to bring benefits to corporate treasurers, but could be a big worry for bankers.
The Czech currency came under sustained upward pressure in the middle of January, as investors piled in on bets that faster inflation would spur the central bank to abandon a cap that has kept a lid on the koruna for the past three years.
Only a week into Trump taking office, it is too early to make concrete predictions about what the FX market can expect, but the acting chairman of the CFTC has outlined some of his priorities, which could provide clues.
Australian banks are increasing their commitment to electronification, spurred on by aggressive competition from non-bank market makers – particularly for spot FX business.
€9.5 billion issued after Sapin 2 law passed; EC chooses French instrument for harmonized solution.
Belgian group wins bidding for NBG subsidiary; further consolidation seen likely in crowded market.
International investors regain appetite for Russian stocks; Sovcomflot privatization on the table again.
SocGen CEO and European Banking Federation head says US-style continental franchises can emerge, but only after more integration of banking and capital markets has paved the way.
Reprivatizing Fannie Mae and Freddie Mac is high on the agenda of the new Trump administration – its close ties to the hedge funds that were hit by their conservatorship and subsequent cash sweep could explain why, and is just one example of the murky incentives that have followed Donald Trump into the White House.
Fintech labs have been a way for banks to work with start-ups to develop the products and services the incumbents need.
Jonathan Slone argues regulators are damaging the agency broking model and not helping the clients they intend to help.
On a day many expected would see the pound sink to new depths, the currency instead responded to news that the UK would be leaving the single market by posting its best performance since the referendum – but whether the day marked a turning point or a mere relief rally, nobody can be sure.
JPMorgan’s decision to adopt a newly launched trade analytics service for its market-leading currencies business highlights the need for independent validation of execution quality in foreign exchange, according to the service’s co-founders.
As EGM approves capital increase, lender spells out impact on regulatory capital if things go wrong.
ECR’s crowd-sourcing survey shows global risk rising in 2016, with leading economists and political experts revising their views on asset safety.
As he steps down from the CFTC on inauguration day, Timothy Massad warns the new administration that wholesale repeal of post-crisis financial regulation would be a big mistake.
The proposed takeover of VocaLink by MasterCard hit a snag as concerns within the industry over how other companies will be able to compete led the Competition and Markets Authority (CMA) to raise questions.
A challenging inflation outlook, sluggish economic activity and the steep slide in the value of the lira look set to force the Turkish central bank to oppose the wishes of its president and hike interest rates.
Taking post-trade processing onto distributed ledger could be the first big step, with clearing and settlement and even payments to follow.
Fintech comes to a €300 billion a year, core segment of the European primary debt capital markets
President’s decision reveals concern regarding 2017’s mid-term elections; no change expected to finance minister's economic policy as recovery predicted this year.
The borrower is on its knees, crippled by a huge debt burden and in need of an external lifeline.
Corporate use of algorithmic FX trading appears to be bucking the trend of lower overall levels of corporate FX activity.
Sharing of information that could prevent cyber-attacks is being impeded by strict privacy rules and concerns over reputational damage.