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The pace of UK growth is set to almost double in 2014, but the economy is suffering structural imbalances that threaten stability in the medium term.
Europe’s turnaround should become a full-fledged recovery in the coming year as governments ease austerity and banks slow the pace of deleveraging.
The European Central Bank (ECB) must make more cash available and get banks working to avert sharp disinflation.
The Bank of England’s more activist mandate may push the Monetary Policy Committee to leave interest rates on hold for too long, complicating efforts to bring down inflation and cut British household debt.
The Bank of Japan is likely to adopt more quantitative easing (QE) next year to weaken the yen and strengthen its stock market.
A new Isda report reveals how the fight for currency liquidity is on as foreign exchange trading venues struggle to adapt to the new regulatory landscape
The Bitcoin rollercoaster has lurched down as BTC China said it would no longer be accepting renminbi deposits, triggering a massive sell-off across most cryptocurrencies. But Bitcoin believers remain unbowed. Here is a round-up of the most bullish projections.
Iran has the power to move global growth up a gear next year, according to Andrew Roberts, co-head of European Economics, Rates and CEEMEA Research at RBS.
After a roller-coaster ride this year sparked by fears of Fed tapering, emerging market equities could be calmer in 2014, but will continue to face challenges as investors reappraise the risk-reward expectation.
It’s been a torrid year for emerging market local- and hard-currency bonds. After a 2012 rally, credit picking has reigned supreme and the conventional investment case – emerging markets are at a different stage of the credit-rating and growth cycle than developed market issuers – took a knock.
Buy-side involvement in repo markets has yet to recover from lows plumbed following the financial crisis, despite increasing disintermediation of banks resulting from regulatory pressures and the search for yield.
Global banking regulators have placed the risk-absorbing capacity of government bonds at the centre of their brave new financial world, ostensibly opening up revenue opportunities for banks in collateral-transformation for OTC purposes.
Author and former trader Nassim Taleb, who shook the financial world with his best-selling book on risk The Black Swan, recently spoke at an RBS Insight dinner for clients in Milan. Here, he shares his thoughts on handling the unpredictable.
Germany’s export machine will be hit by a rebalancing of China's economy, but the special relationship between the world’s second- and fourth-largest economies might provide a springboard for the development of more sustainable economic ties.
Allowing China’s financial institutions to establish wholesale branches in the UK is a major step in cementing London’s pre-eminent role in global finance. It holds out the promise of greater investment flows into Britain’s recovering economy, while making it easier for British companies to export to China, writes Janet Ming, Head of RBS China desk in London.
The UK Treasury’s courtship of Chinese banks highlights, in part, London’s relatively flexible regulatory regime for foreign banks – in contrast to the Fed. It also opens up a broader debate about subsidiarization and global banking models, more generally, amid regulatory turf wars.
Businesses must embrace the digital revolution taking place in international trade.
It’s unclear whether a negative deposit rate – as mooted by ECB officials in recent weeks – would trigger corporates to invest excess cash or, given risk aversion and the deficit of demand, continue to hoard cash, say analysts.
Regulation, staying on top of cash flows and the importance of agility – our experts from EMEA, Asia Pacific and the US discuss the major issues facing corporate treasurers. By Etienne Bernard, Head of Transaction Services, EMEA, Julian Oldale, Head of ICM International Solutions, Americas, and Manfred Schmoelz, Head of Transaction Services, Asia Pacific.