Best Managed Companies Middle East 2014

Best Managed Companies Middle East 2014

Saudi markets get chance to shine?

Regulation puts global banking in peril

Regulation puts global banking in peril

Don’t believe the G20 hype

Sid Verma

Recent stories by Sid Verma

  • HKD peg back in focus as SNB removes currency floor

    The Hong Kong dollar’s peg to the US dollar has, once again, come under scrutiny after the Swiss National Bank’s (SNB) removal of its currency’s floor roiled currency markets globally.

    Published January 2015

  • SNB set to roil Swiss bank earnings

    The shock decision by the Swiss National Bank (SNB) to discontinue its euro peg and impose a 0.75% rate on sight deposit accounts will inevitably wreak havoc on Swiss banks’ earnings, say analysts, citing the rising CHF-denominated cost base of global investment banks, which derive the bulk of their income in USD and EUR.

    Published January 2015

  • SNB abandons euro peg ahead of expected ECB QE

    The SNB has been under sustained fire in its attempt to defend its euro peg in recent years, as ECB loosening and risk aversion increased safe-haven flows. Thursday's rate cuts and the shift in the long-defended policy regime have shocked markets and have far-reaching implications for the euro and eastern Europe.

    Published January 2015

  • Regulation: EU-US tensions remain over leverage ratio

    US officials are waging a war to promote the leverage ratio as a binding constraint on banks’ capital frameworks, further imperilling strategic planning for cross-border lenders.

    Euromoney January 2015

  • Thomas Hoenig interview: Battle against too-big-to-fail fragments banking

    Haunted by the global crisis, policymakers from the US to the UK are erecting national barriers and waging a war against too-big-to-fail banking. Vice-chairman of the Federal Deposit Insurance Corp Thomas Hoenig defends the drive toward balkanization.

    Euromoney January 2015

  • The next regulatory battle: bank structures

    From the Volcker Rule to the EU’s proposed ring-fencing, inconsistent rules on bank structures, both within the EU and between the US and Europe, are the latest threat to the global banking model.

    Euromoney January 2015

  • Emerging markets brace for stress test

    Emerging market fixed-income and FX markets are poised for a third year of volatility thanks to a slowing China, strengthening dollar, lower oil prices, and the prospect of a US rate hike. The shortage of investable high yielders, as well as the declining creditworthiness of the likes of Russia and Venezuela, will also bedevil markets.

    Euromoney January 2015

  • Slowdown in world trade savages EM FX

    Weak global trade and increasing import substitution have signalled bad news for emerging-market FX in 2014, particularly in those countries that rely on a vibrant export sector to drive their economies. 2015 should provide some respite for manufacturers, but commodity exporters will remain in the line of fire.

    Published December 2014

  • Regulation puts global banking in peril

    Don’t believe the G20 hype. In interviews with Euromoney, the world’s top financial policymakers admit regulatory tensions are tight. What’s more, the collateral damage of the focus on too-big-to-fail, capital rules and bankruptcy resolution risk rolling back financial globalization. Is it time to change the terms of the discussion?

    Euromoney December 2014

  • Russian bank risks jump as Europe's halves

    The latest results of a systemic risk index reveal elevated risks in Russia, Portugal and France but a generally marked improvement across the rest of Europe.

    Published November 2014

  • Russia central bank attempts rouble crisis circuit-breaker

    Analysts support the Central Bank of Russia’s (CBR) response to the collapse of the rouble, arguing it will shift market expectations and could stabilize the currency in the medium-term. In an interview with Euromoney before the move, a CBR official discusses the opportunities and challenges in the regime shift.

    Published November 2014

  • Amrolia to lead Deutsche Bank digital drive

    FX market veteran takes up new role developing digital technology and reducing business complexity across Deutsche Bank’s markets platform

    Published November 2014

  • IMF struggles for relevance

    A sin of omission: the agenda for the annual meeting in Washington DC this week fails to take sufficient account of the fears of emerging-market (EM) policymakers.

    Published October 2014

  • IFC plans offshore RMB duration play

    Buoyed by its Indian success, the World Bank’s private-sector arm the International Finance Corporation (IFC) has set its sights on further extending the offshore renminbi curve.

    Published October 2014

  • RBI’s Rajan sounds alarm over breakdown in global coordination

    A lack of international monetary policy coordination and efforts to beef up the IMF to reflect the newfound clout of emerging markets (EMs) raises the risks of trade protectionism and market volatility, Reserve Bank of India (RBI) governor Raghuram Rajan tells Euromoney.

    Published October 2014

  • Rajan’s surgical strikes

    Reserve Bank of India governor Raghuram Rajan is battling inflation and crony capitalists to open a new chapter in the Asian superpower’s growth story. Rajan – Euromoney’s central bank governor of the year 2014 – reveals his blueprint for reforms and issues a stark warning about the cracks in the global economy.

    Euromoney October 2014

  • Modi makeover ignites India’s banking leaders

    In exclusive interviews, leaders of Indian finance reveal how banks, nursing wounds from the recent credit boom, should be set free from the shackles of state control, as reformists raise hopes of a new dawn for Indian capitalism. A jolt, not a tweak, to the financial system is desperately needed.

    Euromoney September 2014

  • India: Waiting game continues for foreign investment banks

    Even in a bullish scenario where a Rajan-Modi dream team unleashes reforms – from PSL to the bond market – in an economic super-cycle that sees public lenders recapitalized, foreign investment banks could still be chasing rainbows in India. It is an over-banked market, with dozens of fee-hungry institutions jockeying for business.

    Euromoney September 2014

  • Brics bank: requiem for a dream

    Incensed by their failure to reform, Brics policymakers have established a flawed rival to the World Bank and IMF. Rhetoric aside, the west dismisses emerging-market dissent over the broken financial architecture at its peril.

    Euromoney September 2014

  • Maybank bloodied but unbowed

    The proposed merger of CIMB, RHB Capital and Malaysia Building Society (MBSB) will transform the economics of the country’s banking and capital-markets business in the coming years and shake up south-east Asian banking in general.

    Euromoney September 2014