Leveraged finance

Leveraged finance

Between a rock star and a hard place

Regulation puts global banking in peril

Regulation puts global banking in peril

Don’t believe the G20 hype

More from News & Opinion


Private Banking and Wealth Management Survey 2015

December 2014

Results live 5 February. Be among the first to see the results.


Sepa provides force for change in transaction banking

December 2014

The single euro payments area (Sepa) initiative was something so burdensome it took longer than planned to implement, but after delays transaction banks and their corporate clients stand to benefit from this payments regulation.

‘Barrier running’ investigation alarms FX traders

December 2014

Foreign-exchange options traders are feeling the pressure as regulators shine a spotlight on the derivatives market and investigate commonplace practices, such as barrier running, which traders fear might attract criticism.

Angolan SWF chairman calls for greater support as oil price falls

December 2014

The Angolan government could provide greater financial support to its fledgling $5 billion sovereign wealth fund (SWF), according to its chairman, amid rising concerns over the impact falling oil prices will have on the country's economy.

The year of the dollar bull

December 2014

It has been a year of two halves for FX, with an opening seven months characterized by low volatility and few attractive trading opportunities for FX managers, before a dollar bull market roared into life in August. It is arguably the first such market for 20 years, bringing with it a rise in volatility and enhanced opportunities for FX traders.

Saudi risk score plummets as oil shock intensifies

December 2014

The sovereign’s risk score has fallen in recent days as lower oil prices add to the Kingdom’s existing economic, political and structural weaknesses.

Euromoney’s risk survey pinpoints mispriced oil-exporter credits

December 2014

Russia’s and Venezuela’s plight was predicted by Euromoney’s country risk survey well before the market priced in their deteriorating creditworthiness. Other, similarly ranked oil-producing sovereigns could endure a similar fate.

Oil price lessons from 1983

December 2014

Crude oil prices dropped precipitously in the latter part of 2014, raising challenging questions about where they might go in 2015. Undershooting well below a mythical fundamental equilibrium price is a distinct possibility if history is any guide.

Bank FX technology spend on the rise

December 2014

Investment in FX technology is expected to mirror growth in wider financial services IT expenditure over the next few years.

Slowdown in world trade savages EM FX

December 2014

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.

Banks arm themselves against ever-more sophisticated cyber threats

December 2014

Cybercrime, ranging from individual hackers to large-scale and state-sponsored attacks, poses a growing problem for the financial services industry.

Romania’s embattled finance minister faces budget test

December 2014

Euromoney meets Ioana Petrescu in Bucharest as she wrestles with the challenge of kick-starting an IMF-bound sputtering economy in the teeth of political opposition.

Eskom woes to be confronted by task force

December 2014

South Africa’s irregular and failing electricity supply has become the target of a special task force as Eskom struggles to deliver enough electricity to power the economy.

China sprouts green shoots in securitization

December 2014

A flurry of new deals points to an exciting new business possibility for Apac banks in 2015.

US high-yield feels full force of oil price collapse

December 2014

Some parts of the US market are ‘carnage’; energy bond maturity wall is not due until after 2017.

Emerging markets ride 2014 FX rollercoaster

December 2014

EM currencies have taken a savage beating this year, tumbling to a decade low, thanks to falling oil prices, weaker growth, a stronger dollar and fears over reform inertia. Euromoney surveys the FX landscape for 2015.

Dealers face FX front-running battle

December 2014

Banks face a tough task proving to regulators that foreign-exchange traders are not front-running clients, as they respond to the government’s consultation on reinforcing confidence in the fairness and effectiveness of fixed-income, currency and commodities markets (FICC).

Sepa-like revolution upends traditional payments model

December 2014

Companies are recognizing the benefits of applying the principles of Sepa to payment and collection processes beyond the single euro payments area, helping to boost liquidity and cross-border flows, consolidate treasury processes and reduce FX risks.

Oil might soon be $25 a barrel or less

December 2014

From the archives: What Bluford H Putnam and Lee Thomas said about the falling oil price in 1983

TLAC: what you should know

December 2014

All about the proposed total loss-absorbing capacity requirements.

Bank intraday tools get mixed reception

December 2014

Corporate treasurers and asset managers are turning to innovative predictive tools that help identify FX volatility and liquidity opportunities, bankers say. However, not everybody on the buy side is convinced the new solutions are for them.

Electronic FX trading gathers steam in 2014

December 2014

While other leading markets are yet to follow Switzerland’s lead and mandate automated trading of currency, the industry moves inexorably towards automation. But the push creates new market risks for both the buy side and sell side.

Sliding oil price heightens risks for energy-exporting nations

December 2014

Economists have been downgrading oil exporters’ risk scores in recent weeks, but there might be worse to come if spot prices and petro-currencies continue to fall.

EC green paper poised to kick-start debate over capital markets union

December 2014

Jonathan Hill faces an uphill task in attempting to stimulate Europe’s capital markets.

Rise of RMB trading shows little sign of slowing in 2015

December 2014

Despite depreciation risk next year, amid the global currency war, market players say the battle between RMB offshore financial hubs and trading volumes will go from strength to strength.

Lack of mandate slows faster payments implementation

December 2014

The UK is leading the way in operating a system of real-time payments, but other countries need to work harder to coordinate their systems to meet local demand.

FX regulations doing more harm than good, reveals survey

December 2014

New market regulations governing the FX industry have done more harm than good for FX trading desks, according to an October survey by TradeTech FX.

Ukrainians pray for swift bounce-back for embattled hryvnia

December 2014

The Ukrainian hryvnia has been ravaged in 2014, with the conflict with Russia exacerbating the challenges faced by this highly indebted economy.

Market innovations restoring confidence in FX, says Tradition

December 2014

The disruption associated with the electronification of FX trading has overwhelmed some market participants, but while policymakers ponder stronger efforts to regulate market structure, especially high-frequency trading (HFT), market players say the latest generation of innovations are now revitalizing FX trading.

Emerging markets: special focus

December 2014

A cyclical blip in a structural bull market or a fundamental re-appraisal of the growth and investment prospects in developing economies? Euromoney wades into the debate about the recent bear run in emerging markets and provides coverage of FX, fixed income and equity market trends.