October 2016
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LATEST ARTICLES
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Argentina’s Prat-Gay named Euromoney Finance Minister of the Year 2016.
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After Mauricio Macri took power in Argentina at the end of last year, finance minister Alfonso Prat-Gay scored a number of quick and important wins. He settled with the holdout bond investors, removed FX restrictions and started to tackle inflation. But now he faces his toughest challenge – tackling the fiscal deficit.
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Pakistan’s Wathra named Euromoney Central Bank Governor of the Year 2016.
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Ashraf Wathra is a different choice as head of the State Bank of Pakistan. An outsider brought in to the inner sanctum of monetary policy, he is keen to promote market-based reforms, boost the banking sector and break the reliance on the IMF. Can he profit from the new positivity about Pakistan and cope with his critics?
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UBS moved into its new home at 5 Broadgate last month, the biggest building ever let in central London.
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Decoding the Chinese property market has always been a challenging science, but even the savviest analysts may not have appreciated one unlikely driver: divorce rates.
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CEO John Stumpf may yet be forced out; analysts split over stock prospects.
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Former BAML and JPM banker takes over troubled bank; share-price fall seen scuppering €5 billion rights issue.
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Agency fears growth outlook ahead of review; ECB liquidity support in peril.
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Deutsche crisis hits AT1 bonds again; new trigger language needed.
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Sector is opaque, distorting and unstable; banks ‘lending where they shouldn’t be’.
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ICICI Prudential Life reinvigorates IPOs; slew of smaller listings ready to follow.
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Matrix Capital to offer fund management, advisory; ‘perfect fit’ for global banks in era of Russia pullback.
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African money movers lose correspondents; remitters turn to informal channels.
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Exchange already ‘toppish’, valuations suggest; Bovespa argues internationalisation adds differentiation.
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Moody’s downgrades banking system outlook to negative; Concerns over lower demand for credit and higher NPLs.
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Citi exit increases concentration; lack of competition ‘causing economic damage’.
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Bank sets record for bookrunners on a single deal; raises $7.4 billion but only thanks to cornerstones.
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Goldman Sachs is cutting and Citic is hiring – but is all as it seems?
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Banking sector concentration, rather than proliferation, is the lesser of two evils.
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Brazil’s central bank chief has missed a great opportunity to address its uncompetitive banking sector.
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CET1 capital calculations will take a decade of malpractice into account under Basel IV.
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Financial inclusion should be a win-win-win – for the unbanked, for economies, and for banks themselves.
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Regulators are attempting to restrict the use of the IRB approach to capital adequacy at large banks just as smaller players are lobbying to be allowed to adopt it.
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The European Central Bank must take action, but with nuance, in its new regulatory framework for non-performing loans.
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The European Project faces a much greater danger from the rise of populism than from the sovereign debt crisis.
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The role of challenger banks in the UK has been debated at the highest political levels. But many of the people running these institutions believe their potential is limited not by lack of business opportunities, but by arguments about capital treatment. Brexit holds out the possibility of change, but that would require UK regulators to fly in the face of Basel standards. Anyone hoping for that is likely to be disappointed.
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The country’s financial system is still not easy to access; money has trickled rather than flooded into its stock exchange since January’s deal with the US to lift sanctions. Nevertheless, as the country emerges from years of isolation, important changes are taking place that could herald a new era for Iran’s capital markets.
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The multi-decade period of extraordinary plenty for Australia’s big four banks may be at an end.
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Shayne Elliott’s tenure as CEO of ANZ has already been marked by several strategic initiatives since he took the top job in January. None is more striking than the apparent reversal of his predecessor’s grand ambitions for Asia. Is there method in the madness of undoing years of expensive effort? And can a renewed focus on Australia deliver growth when some say the domestic industry is past its peak?
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Unbanked women an opportunity for banks; inclusion boosts economic growth.
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The Wells Fargo scandal has once again put ethics at the heart of the debate about the future of banking. Regulation is clearly not working. Now an eclectic group of behavioural scientists, moral psychologists and spiritual leaders are stepping in to solve the problem. Will anyone on Wall Street listen?
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As the year-end deadline to finalize Basel III looms, there is growing speculation that the Basel Committee will water down its stance on capital adequacy requirements. The banking industry should, however, wait before popping the champagne corks just yet.
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Deutsche Bank and Wells Fargo should make clawbacks of executive compensation a priority as they try to manage crises that threaten their viability.
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The Central Bank of Yemen has avoided taking sides in the civil war – until September, when the president replaced the governor and moved the bank, infuriating political opponents and setting off alarm bells for some observers.
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It has been over a month since Eric Ben-Artzi publicly declined his half share of a whistleblower award of $16.5 million for telling regulators about Deutsche Bank’s inflation of the value of a $98 billion credit derivatives portfolio during the financial crisis.
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While HSBC scores a notable double in Euromoney’s annual global rankings, the record response rate of almost 35,000 validated votes generated a host of changes at the upper end of our cash management survey. Regional banks move to the fore and some previous global leaders have dropped back.
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View the results of almost 35,000 survey responses from treasury professionals, and find out which cash managers get our stamp of approval for the quality of their service to clients.
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The internet has created a new kind of company that needs to be international and multi-currency from the outset. They are businesses that usually understand technology better than their banking partners. So how are the world’s leading cash managers meeting the challenges posed by these new clients?
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As the number of truly international banks shrinks, new alliances and networks are being formed to meet the needs of clients. Choosing the right partner is an important and complex process. Increasingly, corporate treasury teams are taking a keen interest in the banks’ decisions.
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The Wells Fargo CEO was cornered by Elizabeth Warren during Capitol Hill hearings, but even when he was called ‘gutless’, he did not fight back. By John Anderson.
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Rising Libor rates and Libor-OIS spreads may result more from money market reform than increased risk in the banking system, but they still hurt banks’ P&L.
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The Bank of Japan has unveiled a new strategy in its fight against persistently low inflation amid concerns its QE and negative interest rates regime wasn't working and may even be hurting the economy. Attention now turns to other global central banks to see if they will change course too.
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CEO John Cryan had hoped to remove uncertainty overhanging Deutsche Bank’s stock by speeding up the resolution of litigation, but the Department of Justice’s opening claim for $14 billion over RMBS refocuses attention on the bank’s weak capital.
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Former City spin doctor is now one of the key lieutenants to UK prime minister Theresa May.
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Security breaches that have allowed hackers to infiltrate Swift’s messaging network have raised questions about the safety of the messaging network, but the problems might rest with the individual banks.