Innovations in Wealth Management Technology Awards 2014

Innovations in Wealth Management Technology Awards 2014

The rise of new players with technology at their core

Too quick to PIK?

Too quick to PIK?

The deals set to haunt European high yield

January 2010

January 2010

David Proctor: The banker who can’t get out of Qatar

Euromoney January 2010

David Proctor thought he had found a once-in-a-lifetime opportunity to build a Gulf financial powerhouse at Al-Khaliji Bank. It didn’t work out. But almost a year after he was removed as chief executive Proctor’s life is in limbo, as Qatar’s authorities decline to grant him an exit visa that would reunite him with his family. Eric Ellis investigates.

Banking

BNP Paribas: The model that worked

BNP Paribas: The model that worked

Euromoney January 2010

By absorbing Fortis, BNP Paribas emerges as the rising star in the eurozone. The crisis has validated the bank’s business model and its risk management. But its long-serving leadership team remains cautious in its moment of triumph and wary of what regulators might impose. Peter Lee reports.


Trade finance

Trade finance survey 2010: In world trade, banks turn out not to be the villains

Trade finance survey 2010: In world trade, banks turn out not to be the villains

Euromoney January 2010

Their problems have highlighted the importance of trade finance in maintaining the flow of goods. Laurence Neville reports on what is being done to sustain a vital economic function


Emerging Europe

Emerging Europe: Bank chiefs face up to the risks of tighter regulation

Emerging Europe: Bank chiefs face up to the risks of tighter regulation

Euromoney January 2010

Regulators are addressing the shortcomings that created so much damage in the global banking system. Sudip Roy assesses what impact the reforms will have on central and eastern Europe, which suffered more than any other emerging region in the crisis.


World Ecomonic Forum

World Economic Forum: Governments losing battle against global deflation

Euromoney January 2010

The character of responses to the recession augurs badly for a sustained recovery. The right sort of domestic consumption stimulus has not been put in place in China – the country is racing for exports again. Other regions are ill-equipped to cope; a Japan-style stasis of deflation and growth looks to be just around the corner, writes Charles Dumas of Lombard Street Research.

Cash management debate

Cash management debate: Show me the money

Euromoney January 2010

In a cash-scarce world, electronic bells and whistles take second place to systems and partners that help clients marshal their global liquidity as quickly and visibly as possible. Maximizing working capital throughout the supply chain is now a necessity, not a luxury. Clients and banks must change.

Foreign exchange debate

Foreign exchange debate: The illusion of normality?

Foreign exchange debate: The illusion of normality?

Euromoney January 2010

Despite, or perhaps because of, the changing nature of the interbank market, liquidity has returned to most corners of foreign exchange. But uncertainties remain over quantitative easing, Japan and the recovery. The panel gathered at the end of 2009 to find we are still in uncharted territory.


Western Europe

Greece tries to move forward

Euromoney January 2010

The country’s huge budget deficit and stagnant growth have spooked ratings agencies and investors, already unsettled by the Dubai debacle. But Athens-based bankers have faith in their new government’s ability to bring the eurozone’s black sheep back into the fold. Phil Moore reports.

Russia

Russia’s bite-sized sell-off

Euromoney January 2010

Regional airports, tanker operators and river shipping lines – the list of assets up for grabs in the latest privatization round is unlikely to send foreign investors into a frenzy. But fatter prey may be about. Angus McDowall reports.

Central bank roundtable

Emerging Europe debate: Back from the brink

Euromoney January 2010

Emerging Europe had a tough 2009, but as a new year dawns central bankers across the region hope it will bring back economic growth. The debate about regulation and ring-fencing capital begins here as they discuss how to prevent the region from plunging back into recession. Interviews by Chloe Hayward.

Latvia

Parex splits up to safeguard its future

Euromoney January 2010

Latvia’s Parex banka is the one of the biggest victims of the financial crisis in central and eastern Europe. As its chairman tells Sudip Roy, it is pinning its recovery hopes on a good bank/bad bank strategy.

Kazakhstan

Kazakhstan cleans up after the bubble bursts

Euromoney January 2010

Investing in a Kazakh bank would be a risky, high-yield bet on a sustained global macroeconomic recovery. But some banks are already hoping to benefit from the country’s financial disasters. Dominic O’Neill reports from Almaty and Astana.

Asia's best managed companies

Best managed companies in Asia 2010: The best go from strength to strength

Euromoney January 2010

Asia’s best-managed companies have come out of the financial crisis in better shape than their peers. That’s no surprise: prudent gearing, transparency, good governance and clear strategy have characterized the leaders, highlighted in Euromoney’s Asia’s best managed companies poll. Chris Wright reports.

Banking news & analysis

Derivatives: JPMorgan faces derivatives regulation hit

Euromoney January 2010

Revenues heavily weighted to OTC derivatives Worst-case guidance: JPM could face revenue loss of $3 billion a year

Regulation: Banks have improved risk management, says IIF

Euromoney January 2010

IIF survey shows progress on risk governance, but compensation still a problem; Technology and data systems need overhauling

Markets news & analysis

High-yield bonds: Returns are there for a reason

Euromoney January 2010

PIK deal shocks market; Market risks overshoot

Debt: Capital markets roar into life

Euromoney January 2010

Corporate issuance expected to fall by 20%; Financial firms will dominate capital markets this year

Securitization: Year-end cheer as US CMBS market comes alive

Euromoney January 2010

Succession of deals in closing weeks; UK sentiment lags far behind

Sovereign wealth funds: Back to basics in 2010

Euromoney January 2010

Caution and safety in numbers in 2009; Accelerating investment in Q2 continuing into 2010

Foreign exchange: Brighter forecast, but dark clouds still looming

Euromoney January 2010

Threat of unjustified regulation of FX persists; Market suffers from lack of strong lobby

Derivatives regulation: Central counterparty clearing goes mainstream

Euromoney January 2010

CME takes on upstart ICE; Clearing now open to banks and investors

Gold’s bubble won’t burst soon

Euromoney January 2010

Fears surrounding US will bolster demand; Gold ETFs boom, hedge funds also jump in

Asia news & analysis

Inflation fears make China crucial to gold price

Euromoney January 2010

Domestic production a growing factor; State intent on building bigger gold reserves

China: IPOs are on everyone’s mind

Euromoney January 2010

All eyes on China bank deals for 2010

Emissions control: China awaits the carbon trading revolution

Euromoney January 2010

CDM set to encompass sectoral approach; China likely to corner chunk of trading revenues

Latin America news & analysis

Latin American investment banking: With dislocation comes opportunity

Euromoney January 2010

JPMorgan only one in top five in all categories; Goldman drops out of top 10 in M&A

Trading: Algos add up in Brazil

Euromoney January 2010

Leading banks launch new platforms; Volatile market presents challenges

Brazil: European banks remain committed to the region

Euromoney January 2010

WestLB and ING are committed; Project finance, capital markets main focus

EEMEA news & analysis

Russia: Contrasting fortunes for Russian share deals

Euromoney January 2010

Rusal IPO finally given green light after listing delay; First biotech deal comes to market

Saudi Arabia: Banks seek political help

Euromoney January 2010

Debt restructuring: TID moves closer to agreement

Euromoney January 2010

Hungary: OTP believes in convergence

Euromoney January 2010

Regulation: Banks have improved risk management, says IIF

Euromoney January 2010

IIF survey shows progress on risk governance, but compensation still a problem; Technology and data systems need overhauling

Comment

Regulation: Battle lines drawn across the Atlantic

Regulation: Battle lines drawn across the Atlantic

Euromoney January 2010

European banks will seek to gain an advantage if global regulations can be agreed.


Government debt markets and the return of the bond vigilante

Euromoney January 2010

Banks are starting to assess the need to risk weight sovereign debt holdings.

Dubai debt crisis: Dubai bailout only the start of a long road

Euromoney January 2010

Uncertainty remains over how Dubai plans to finance its large debt burden.

Corporate hybrids : The comeback kids

Euromoney January 2010

The resolution of rating agency treatment could mean corporate hybrids return in 2010.

Banking: Be wary of the oil rich

Euromoney January 2010

Western bankers have overestimated opportunities and underestimated risks in hydrocarbon-exporting nations.

Asian debt: Vietnam tests the water

Euromoney January 2010

The fate of Vietnam’s ambitious $1 billion bond deal will tell us much about bond investors’ real risk appetites.

Panama on track for investment grade

Euromoney January 2010

Central American country’s economy robust despite global downturn.

Columns

Abigail Hofman: Too good to be true

Abigail Hofman: Too good to be true

Euromoney January 2010

Last year was an odd one: waves of euphoria and despair that normally unfold over decades were compressed into 12 months. In the early part of 2009, you could smell the fear: even the wealthy were paralyzed by panic. Of course, with hindsight, one can see all the elements were in place for a massive boom in financial assets.


Macaskill on markets: Cutting credit corners won’t sustain commodities boom

Euromoney January 2010

There is a near consensus that 2010 will be a banner year for commodities trading. Energy analysts are hard pressed to see anywhere for prices to go but up. TV ads urge householders to cash in their gold to exploit the boom. And banks of all types are scrambling to win a share of the commodities revenue that was once largely the preserve of investment banks led by Goldman Sachs and Morgan Stanley.

Macaskill on markets: Commodities chiefs keep their heads down

Euromoney January 2010

Two of the top-four bank commodity groups are run by women, unusually for the male-dominated world of sales and trading at investment banks.

Against the tide: Germany declares war

Euromoney January 2010

Germany’s fiscal discipline imperative, which perforce will be imposed on the whole eurozone, is the key to a more dynamic, less state-heavy EU economy.

Inside Investment: Gold – Goodbye yellow brick road

Euromoney January 2010

Reports of life in the barbarous relic have been greatly exaggerated.

Relationship banking in a cynical world

Euromoney January 2010

This economic downturn is long past the point where banks might normally have started waxing lyrical about their commitment to relationship banking. Anticipating the end of past down cycles and sensing good opportunities ahead to lend, banks would already have tried to appeal to new customers by promising to stick with them through bad times such as those recently endured as well as the good.

Front End

Smooth-talking Westpac’s banana slip-up

Euromoney January 2010

Dubai's Burj Khalifa: Sky-high ambition

Euromoney January 2010

Get rich quick in NYC

Euromoney January 2010

Corporate treasury: The voice of reason

Euromoney January 2010

RBS: Will the last person to leave...

Euromoney January 2010

Polish language: Poles apart

Euromoney January 2010

Quotes of the Month

Euromoney January 2010

Off the Record

Euromoney January 2010