Regulators have regained their reformist muscle in the shape of Mark Carney, Bank of Canada governor and chairman of the Financial Stability Board. In a wide-ranging interview, Carney talks about recent banking scandals, the Volcker Rule, and why fears about Basle III are wide of the mark.

Padraic Fallon, Euromoney Institutional Investor’s chairman and editor-in-chief, has died at the age of 66. Euromoney’s editor Clive Horwood remembers a true legend of financial journalism, reviews the legacy he has created and recalls the qualities that made Fallon such a unique and successful person.

The Philippines’ secretary of finance, Cesar Purisima, has a reputation for probity that has reached street level. And he is determined to rapidly advance economic growth through the encouragement of entrepreneurship, the development of capital markets and increased regional integration.

Despite the constraints of some banks’ reorganization and forced restructuring, as well as prolonged low interest rates, transaction banking has become a vital contributor to revenues. Those with a strong presence in the business would like to push harder still.

Euromoney surveys cash managers, treasurers and financial officers worldwide. This is the most comprehensive guide to the cash management arena in the market.

Moody’s downgrades sovereign; Urge to broaden employee shareholding

FFL scheme cannibalizes ABS; SME lending remains elusive

Amid all the gloom around the difficulty for small businesses of raising bank funding, Euromoney is delighted to receive notification that Tortilla – a chain of fast-casual restaurants selling Californian-Mexican food in various City locations, including Canary Wharf, Leadenhall Market and Bankside – has just negotiated a £2.25 million loan from Santander Corporate bank to fund its continued expansion.

Daily cost analysis coming; Protects against client litigation

"The problem for the hedge fund industry is finding alpha, which at the moment is as rare as rocking-horse shit"

Small banks reduce lending by $100 billion; Crowdfunders join banks to source loans

A country’s credit rating can have unusual ramifications, as an anecdote from the hugely quotable former Colombian finance minister Juan Carlos Echeverry makes clear. His finance team was on a roadshow for an international bond issue when the news came through that Colombia had received its first investment-grade rating.

Flurry of deals pushed through; IPO revival ‘could be derailed’

If there is one thing the financial markets love, it is an acronym. The boom years before 2007 spawned a dizzying tsunami of them – largely in the structured credit market where the shortcomings of the CDO squared or the CPDO became all too apparent.

Investors look to triple-B for yield; Corporates to follow sovereigns’ lead

Investment bankers travelling home in the City one evening at the end of September were treated to a shocking sight: that of beaming, tie-less Mike Sherwood looking straight at them from the front page of London’s Evening Standard newspaper. Woody was surrounded by young school-leavers from London’s capital, who were lined up to take part in a new apprentice scheme endorsed by The Standard called ‘Ladder for London’. The aim is to give smart kids from deprived inner-city areas a chance of a successful career.

Mexichem demand remarkable; Brazil economy slows; still dominant

Cruzeiro del Sul’s liquidation damages central bank’s reputation; Scrutiny ‘will unveil irregularities’

We could build capital to the moon and we would not have to worry about an institution failing, but the economy would not be there”

Loans and bonds managed together; Senior secured credit broadens buyer base

Basle III forcing structural shift; SME sector key growth segment

Prices at 5.625%; Issuance increased to $750 million

Sovereign/high-grade still have international appeal; High-yield issuers relying on domestic debenture boom

Bank enjoys structural bull run; Temasek sale easier said than done

$10 billion debt restructuring; New stage for Dubai Inc workout

State raises $5.2 billion; Clears way for Promsvyazbank, VTB

Broader investor base spurs historic issue; other foreign banks to follow suit.

Service enables trading on news; High-end product will eventually reach retail

Jain and Fitschen will hope to find new strength around a core of fixed income, transaction banking and AWM.