Euromoney May 1999
Gordon Brown, UK chancellor of the exchequer, speaks to Nick Kochan about the birth of the euro, tax competition in Europe and rethinking the world's financial architecture.
Euromoney May 1999
Since Russia and LTCM, risk managers have been
searching for a better way to value financial firms and the risks
they run. Amazingly, they and their regulators temporarily lost
sight of an important relationship - between financial assets and
the way they are funded. David Shirreff reports on a meeting at the
sharp end of firm-wide risk management
Euromoney May 1999
Which bank has the best connected external directors? Steven Irvine presents the first ever ranking of this often neglected weapon in the competitive armoury.
Euromoney May 1999
If one institution best demonstrates the effects of the Asian and Russian crises on a bank, ING Barings is it. It's a salutary tale of billion dollar losses, of individuals left to go their own way at the expense of group strategy, of management failures. Now ING Barings has one last chance and it's down to two men to turn it round. Nick Kochan reports.
Euromoney May 1999
In the 1980s, John Gutfreund was the "King of Wall Street". The soberly dressed former municipal bond trader would arrive at work each morning with a reputed readiness to "bite the ass off a bear".
Euromoney May 1999
Arab banks used to be content to stick to their
lucrative national markets. But with oil prices low, times are getting harder in the Middle East and banks are positioning themselves to go regional. Darren Stubing reports.
Euromoney May 1999
Money from pension funds is fuelling a boom in
corporate bond issuance. But long-dated bonds and equities are lagging. Hans van Leeuwen reports
Euromoney May 1999
During the apartheid years and beyond corporate South Africa assembled unwieldy conglomerates to utilize domestic assets that could not be employed elsewhere. Now an economy that is opening up is going through a process of reshuffling and unbundling, with private-equity firms taking an increasingly important role. Richard Stovin-Bradford reports.
Euromoney May 1999
A revolution in securities settlement will make Emu and Y2K look like child's play. And it will be the death knell of custody as we know it. Increasingly, custodians see their business as information, not safe-keeping. Meanwhile the consolidation continues. James Rutter reports.
Euromoney May 1999
In the eurozone big is beautiful. The potential three-way merger of Banque Nationale de Paris, Société Générale and Paribas is just the latest example of the consolidation that will transform Europe's fragmented and largely unsophisticated banking industry. National borders and regulations have become irrelevant more quickly than anyone had predicted, leaving the way open for huge intra-market and cross-border tie-ups. But as banking goes the way of auto manufacturing and pharmaceuticals, what role is left for the smaller institutions - the regional specialists and the boutiques?
Euromoney May 1999
Information technology is the catch phrase of the moment. The issues surrounding Y2K, the introduction of the euro and spread of the internet are the bread and butter of an ever-expanding industry. They are also the daily bread of the key figures we invited to participate in our roundtable. What are the new challenges they face and how did they solve the old?