Innovations in Wealth Management Technology Awards 2014

Innovations in Wealth Management Technology Awards 2014

The rise of new players with technology at their core

Latin America

Latin America

Sovereigns shape up for differentiation

December 2014

December 2014

Leveraged finance: The threat to corporate America

Euromoney December 2014

Multiples and lack of covenants in the leveraged finance market are firmly in the firing line of US regulators. Sponsors say they can handle the new rules. Banks are already looking for ways round them. But with regulators hell-bent on proving a point in 2015, what will happen when a leading US company struggles, or fails, to refinance a cov-lite loan?

Banking

Banking: AQR aftermath throws up more questions for banks

Banking: AQR aftermath throws up more questions for banks

Euromoney December 2014

Investors greeted the European Central Bank’s asset quality review with little more than a shrug. They view it as merely the first step on a journey to enhanced and uniform bank supervision that might take a decade to complete. They are much more worried about the sustainability of banks’ business models and whether or not they can even earn enough to service their growing capital stack.


Bundesbank’s Dombret says trust restored in European banking system

Euromoney December 2014

In an interview with Euromoney, Bundesbank board member Andreas Dombret sounds an upbeat note on the rigour of the ECB’s asset-quality review (AQR) and the eurozone’s resolution arrangements, but issues a sharp warning over banks’ risk-free treatment of sovereign debt.

Regulation puts global banking in peril

Euromoney December 2014

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?

Emerging Europe

The battle for Bank Asya

The battle for Bank Asya

Euromoney December 2014

Turkey’s president has tried to kick of one of the country’s largest banks into touch, through public attacks and behind-the-scenes pressure. Despite becoming a political football, Bank Asya is still in the game. Can Turkey’s reputation in the west as a place to do business survive Erdogan’s continued, politically-motivated vendetta?


Middle East

Saudi’s time to shine?

Saudi’s time to shine?

Euromoney December 2014

The opening up of the Saudi Stock Exchange to foreign investors could be a watershed moment for the country’s capital markets. Bankers predict a rush of deals to soak up demand. But what will foreign investors find in the Middle East’s biggest market? And can structural issues over settlement be solved?


Inside Qatar’s investment diaspora

Euromoney December 2014

Asset-hungry and cash rich, Qatar keeps grabbing the headlines. But there are questions over which branch of Qatar’s wealth actually owns its trophy assets, while it is becoming increasingly hard to fathom whether the authorities are coordinating these investments.

Best Middle East Research House Survey 2014: Euromoney research rankings highlight challenge facing foreign banks in Middle East equity markets

Euromoney December 2014

Local brokerages dominate the 2014 Euromoney Middle East Research rankings. With international interest in the region’s stock markets set to reach new heights, the big global investment banks have a lot of catching up to do. They can start by renewing their commitment to research in the region.

Best Managed Companies in the Middle East 2014: Results index

Euromoney December 2014

Bank analysts and equity investors give their opinions on which companies they think are the best by the individual company sectors.

Best Middle East Research House 2014: results index

Euromoney December 2014

Latin America

Brazil: Bankers rueful over Rousseff

Brazil: Bankers rueful over Rousseff

Euromoney December 2014

Brazil’s banking industry exclaimed loudly that another four years of Dilma Rousseff would be a disaster for the country. Now that she has been re-elected, have the bankers changed their minds?


Asia

Myanmar: first-mover advantage?

Myanmar: first-mover advantage?

Euromoney December 2014

It is not often new countries open up to international banks. Nine lenders have recently received licences to operate in Myanmar. It gives them a ready advantage in a country that lacks some basic infrastructure.


Banking news

Bank M&A: Europe needs consolidation, not recapitalization

Bank M&A: Europe needs consolidation, not recapitalization

Euromoney December 2014

Debt service costs will hit profits; regulators see M&A as the answer.


Correspondent banking cutbacks claim new victim

Euromoney December 2014

The Central Bank of Seychelles has taken full control of one of nine banks on the Indian Ocean archipelago, in one of the clearest examples yet of the impact of global banks exiting correspondent banking relationships.

Collaboration could ease KYC burden

Euromoney December 2014

Meeting KYC requirements is an irksome and expensive task for banks to contend with. But there are a slew of offerings from financial-services companies to ease the compliance burden.

Market news

Distressed debt: AQR unearths a further €136 billion NPLs in Europe

Distressed debt: AQR unearths a further €136 billion NPLs in Europe

Euromoney December 2014

Stress tests fail to address corporate lending; online platforms might have emerged too late.


Social trading grows amid calls for regulatory oversight

Euromoney December 2014

The full-scale disruptive potential of social trading is beginning to become clear, according to proponents. But there are fears that it is encouraging inexperienced traders to load up with risk in the pursuit of large returns and there have been calls for tougher regulation.

Fix fines fuel technology gold rush

Euromoney December 2014

Technology companies are gearing up for a potential gold rush around FX benchmark trading, amid expectations the multi-billion dollar fines imposed on banks last week will accelerate appetite for solutions to boost transparency, oversight and pricing, analysts say.

Asia news

BNY Mellon expands Apac wealth business

BNY Mellon expands Apac wealth business

Euromoney October 2014 euromoney.com

BNY Mellon is to expand aggressively in the Asia-Pacific region, targeting increased market share in the wealth business, offering a discretionary model to customers.


South Korea battling for RMB spoils

Euromoney December 2014

Backed by its robust trading relationship with China, the east Asian nation is the latest fledgling offshore renminbi hub. Market participants shed light on South Korea’s renminbi bid as internationalization of the Chinese currency gathers pace.

China: Stock Connect through train steams ahead

Euromoney December 2014

The eagerly awaited Stock Connect system connecting Hong Kong to the mainland is up and running to relief all round. While traditional long-only funds and southbound flows have lagged, market players foresee a new dawn in Chinese equity trading.

Latin America news

LatAm: Rising rates will limit IPO activity

LatAm: Rising rates will limit IPO activity

Euromoney December 2014

Rising rates deter equity investors; Brazil no longer driving volumes.


Colombia faces oil price test

Euromoney December 2014

No short-term response to price shift; fiscal discipline key to economy.

Brazil’s banks immune to struggling economy

Euromoney December 2014

Strong results across the sector; banking system ‘a source of strength’.

EEMEA news

Gulf investing no longer a one-way street

Gulf investing no longer a one-way street

Euromoney December 2014

Growing investor comfort in region; IFA culture developing.


Teng adds heft to Abu Dhabi’s central ambitions

Euromoney December 2014

Second big hire this year; ramps up competition with Dubai.

Angola sets sights on capital-markets reform

Euromoney December 2014

The development of Angola's capital markets has been long promised but recent indications from the country's capital-markets commission suggests secondary public-debt trading could begin as early as next month. Nevertheless, it's unclear when the stock exchange will open its doors.

Emerging Europe: Warsaw will go organic, says new CEO

Euromoney December 2014

Merger with Vienna ‘too complex’; regional listings in the spotlight.

Comment

Why Erdogan’s attack on Bank Asya matters

Why Erdogan’s attack on Bank Asya matters

Euromoney December 2014

Three years ago, the leader of one of the world’s biggest countries almost called for a run on one of its biggest banks.


Banks’ excuses on borrowed time: what’s the point of banks if they won’t lend?

Euromoney December 2014

Intercompany credit data suggests companies are more willing to borrow than banks claim. But what’s the point of banks if they won’t lend?

Lessons from the National Commercial Bank IPO

Euromoney December 2014

The overwhelming retail demand for the Saudi bank’s $6 billion listing raises questions about how the country’s equity market will respond to its opening up to foreign investors.

Motorola Credit Corporation and Standard Chartered Bank: Global banking vs New York law

Euromoney December 2014

New York’s highest court has delivered a boost for the global banking model but the international legal architecture remains a minefield.

Columns

Off message: Sex, drugs and rock and roll…

Off message: Sex, drugs and rock and roll…

Euromoney December 2014

Our new column seeks the truth behind the PR spin in the world of banking. This month: how Jefferies put itself on the front pages, and why Barclays’ timing is always off.


Macaskill on markets: 50 ways to get your trade through

Euromoney December 2014

Paul Simon sang that there are 50 ways to leave your lover, and Goldman Sachs has reminded us that there are just as many ways to sneak a trade through, even when conflicts of interest threaten to drag your reputation back into the mud.

Macaskill on markets: Sideways – 'No comment' from Goldman and Metro

Euromoney December 2014

The main charge against Goldman Sachs by the US Senate committee investigating commodity market practices was that the bank effectively controlled actions by its metals warehouse subsidiary, Metro International, that created a bottleneck in aluminum supply, and that Goldman could have profited from associated trades in its securities arm.

Against the tide: A new era for energy

Euromoney December 2014

The US looks to benefit from a changing energy landscape, at the expense of Russia and the Middle East, while Europe will be happier to be less reliant on those producers.

Inside investment: Hobbesian option

Euromoney December 2014

A war of all against all in currency markets will not be pretty. For some countries it may also be too little, too late. The International Monetary Fund has failed in its role as the arbiter of currency values.