FX survey 2015

FX survey 2015

Rebuilding foreign exchange

Barclays

Barclays

Identity crisis


Against the tide

Against the tide: World of the dollar and yen

Against the tide: World of the dollar and yen

August 2015

Structural problems and over-leverage mean the focus will switch to Asia for the next global currency moves.


Against the tide: Equity red lights are flashing

July 2015

Investors ignore valuation at their peril – a period of lacklustre returns looms. The Fed’s move on interest rates is key.

Against the tide: UK politics – Dependent and independent

June 2015

The newly elected Tory party must wrestle with an invigorated SNP and its old bête noire, the EU. The proposed in/out referendum will cast a long shadow over the UK.

More against the tide stories


Inside investment

Inside investment: Mind-bending returns within the technological revolution

Inside investment: Mind-bending returns within the technological revolution

August 2015

Four intellectual revolutions have undermined our sense of self, but anomie and profits are not incompatible.


Inside investment: Rights and responsibilities of the renminbi

July 2015

China’s bid to join the currencies in the IMF’s SDR basket is more than a footnote of interest only to economists. Policymakers should take note.

Inside investment: Debt junkies

June 2015

We have become addicted to debt. With the global economy slowing, Andrew Capon fears another severe bout of repression.

More inside investment stories


Macaskill on markets

Sideways: Courage, stout regulators!

Sideways: Courage, stout regulators!

August 2015

The dismissal of Martin Wheatley, head of the UK’s Financial Conduct Authority, by Chancellor George Osborne was widely interpreted as a step towards less intrusive regulation of the financial industry


Macaskill on markets: New questions for Deutsche Bank and Jain

July 2015

A scathing report by German regulator BaFin on interest rate rigging by Deutsche Bank will no doubt give any potential employer of former co-CEO Anshu Jain pause for thought.

Sideways: You can’t fire me, I quit!

July 2015

Deutsche Bank’s failure to acknowledge the enormity of the change it needs to return to health was demonstrated by the strange spin it gave to the departure of co-CEO Anshu Jain.

Macaskill on markets: Liquidity drought’s conflicted Cassandras

July 2015

It is now a mark of the serious individual in finance to issue a dire warning about the threat posed by a lack of market liquidity. What climate change is to the young liberal (or young person), so liquidity has become to the ageing plutocrat, secure perhaps in his own billions, but with a furrowed brow as he contemplates the potential havoc that could be wreaked by diminished liquidity.

Macaskill on markets: Lights, cameras, bankers

June 2015

If the movie version of The Big Short does prove successful, it could spur the commissioning of other banking-themed films.

More macaskill on markets stories


Off message

Off Message: Canny comms get results for HSBC

Off Message: Canny comms get results for HSBC

August 2015

Quietly, but forcefully, the bank is getting its message across to UK government and regulators.


Off message: Communication failure helps lead to Jain’s demise at Deutsche

June 2015

Deutsche Bank’s Strategy 2020 – which led to the resignations of co-CEOs Anshu Jain and Jürgen Fitschen – was a study in how to obfuscate and overwhelm reality in a way that simply didn’t add up.

Off message: Understanding the neural synapses of banking

June 2015

When the bad news comes rolling in, you’d better be an expert in the industry, as well as the institution, you work in.

Off message: Finance and politics – from back-stabbing to back-slapping

May 2015

The relationship between finance and politics might look fraught today, but it has always been more nuanced than you might realise.

More off message stories


Leaders

Iran’s long road ahead

Iran’s long road ahead

August 2015

The contingent lifting of western sanctions on the world's biggest untapped market has been met with cautious optimism by the financial industry.


LatAm markets: Return of political risk

July 2015

Latin America’s markets need a shot in the arm; instead they’re getting a shot in the face.

Regulation: Too early to tell on too-big-to-fail

July 2015

Five years on, Dodd-Frank is suffering from a quiet crisis of credibility.

IPOs: We need to talk about Russia

July 2015

Two successful IPOs should have been good news for the country’s markets – if anyone had bothered to tell the world more about them.

Derivatives regulation: Compliance and rocket science

July 2015

The looming criminal prosecution of a derivatives trader highlights the compliance challenges facing HFT firms.

China stocks: turning a crisis into a catastrophe

July 2015

The government has allowed what should have been a simple market correction to get the better of it.

Gap in Brazil’s infrastructure projects

July 2015

Plans to involve the capital markets seem to be attracting the wrong investor – one who might not understand the risks.

Nigeria’s investment banks feel the squeeze

July 2015

Like everything else in Nigeria, investment banking will be hit by weak oil prices. Local players may struggle more than their global counterparts.

Banking: Playing the long game in Russia

July 2015

Banks are prepared to sit through a couple of lean years in emerging Europe’s largest market, given that it will bounce back eventually. They might not want to get too optimistic though.

HSBC doubles down on EM IB gamble

July 2015

Investment banking rivals may scoff, but HSBC’s Asia shift could prove a canny piece of business.

Banking in Italy: Economies of scale

July 2015

Only structural change, not tweaks, will bring a recovery across Italy’s banking sector.

Debt markets surrender to US rollercoaster

July 2015

US banks and issuers dominate global DCM to an extent not seen since early 2008.

When finance companies become venture capitalists

July 2015

BBVA is leading the drive for banks to change their business models.

Euromoney Awards for Excellence: What makes a winner?

July 2015

This year’s Awards for Excellence review was an exhausting and exhaustive process. Euromoney received thousands of submissions from banks around the world.

When the levy breaks

July 2015

George Osborne acknowledges that a bank levy based on global assets risks damaging the UK, but his solution might not appease HSBC.

Kurdistan bond debut not for the faint-hearted

June 2015

The semi-autonomous Iraqi state is set to be the latest sovereign issuer despite its geopolitical quagmire – posing an allocation dilemma for yield-hungry institutional investors.

MENA economic growth: A good start for Egypt

June 2015

It is not without its challenges, but the economy is improving – steadily if unspectacularly.

Don’t bet on Brazil’s equity markets waking soon

June 2015

Brazil’s economy must absorb a lot more pain before it starts to grow again. Until then, investors will stay away, and the deals won’t come.

Nigeria: falling oil price, crumbling legitimacy?

June 2015

Depressed oil prices mean that government revenue in Nigeria is sliding but raising revenue without alienating Nigeria’s most vulnerable will be a difficult feat.

Banking: Chiang makes his point with HSBC

June 2015

California’s new treasurer picked his target when he made an example of the foreign bank but the domestic players have been warned.

More leaders stories


Front end

#Grexit goes Gangnam Styleq

August 2015

Power down in South Africa

August 2015

It was to this journalist’s surprise that when making a short trip to Johannesburg for business, she was to be transported back to the airport at the end of her trip by electric car.

Is this Africa’s digital revolution?

August 2015

Blank space: the inside story on Lloyds Bank

July 2015

Ivan Fallon, former deputy editor of the Sunday Times, has written a book on the inside story of how Lloyds Bank fell from being a bastion of stability in the UK banking sector to needing a capital injection and bailout by HM government.

MillionaireMatch: Digital banking with no riff raff

July 2015

Awards season turns CSR into CSI

July 2015

Awards for Excellence 2015: Best bank for corporate social responsibility

Watch this space: QIA offers tantalizing glimpse

July 2015

A more transparent investment strategy could benefit Qatar’s sovereign wealth fund.

More front end stories


Debates

Portugal debate: Portugal perks up

June 2015

The country’s economic recovery continues to gather momentum, underpinned by strengthening domestic demand and robust exports. The government has regained access to the international capital markets and concerns about contagion have receded. There are still vulnerabilities: debt levels are high and the banking system is weak. But Portugal has a spring in its step that it has not had since before the crisis.

More debates stories


Videos

Jiang Jianqing, chairman, ICBC: video of acceptance speech, 2015

July 2015

ICBC chairman receives Euromoney's 2015 award for outstanding contribution to global financial services.

More videos stories


           
 

SELECTED CHAPTERS

Transparency in the FX industry

Redefining Conduct

Tectonic Shifts

Growth Currency

Looks Can Be Deceiving

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