March 2018

Top Stories

Capitec fights off the Steinhoff slayer

Capitec fights off the Steinhoff slayer

A former social worker from middle England has suddenly become the biggest influencer in South Africa’s stock market. He called Steinhoff’s collapse correctly. In making banking sector star performer Capitec his next target, has Viceroy Research’s Fraser Perring got it right again? Or, as the bank’s leadership insist, is he a one-hit wonder?

Strobl lights up Raiffeisen’s recovery

Three years ago, Raiffeisen Bank International was on the casualty list – today it is again one of the best-performing banks in Europe. New chief executive Johann Strobl discusses restructuring, regulation and getting back to ‘real banking’.

Why the stakes are high in MUFG’s Asia plan

With the acquisition of Indonesia’s Bank Danamon, MUFG has built a network of southeast Asia bank stakes to go with its presence in the US. Now comes the hard part: persuading them to work together. CFO Aki Tokunari explains MUFG’s international strategy.

Comment

FICC trading heads not celebrating yet

FICC trading heads not celebrating yet

When banks get around to reporting first-quarter 2018 results in April (the US banks) and May (the Europeans), it is already safe to say that their fixed income, currencies and commodities numbers will look particularly good.

Regulation

Mifid implementers run head first into GDPR

Mifid implementers run head first into GDPR

Collect everything and store it for ever, or only collect some data and destroy it as soon as possible? That is the question facing bank compliance officers struggling with Mifid II and GDPR.

Banking

Asia Pacific

Rancour behind the records in Asian high yield

Rancour behind the records in Asian high yield

Last year was a record for high yield in Asia, and 2018 has started strongly despite volatility. But behind the scenes there are concerns about an unpredictable regulator controlling supply and worsening practices among unfamiliar bookrunners.

Fintech

Afterpay puts sexy into payments

Afterpay puts sexy into payments

From late-night beginnings in suburban Sydney, a new payments system is transforming shopping down under – and possibly beyond. Meet the two entrepreneurs behind this fintech hotshop.

Japan’s FSA defends approach after Coincheck fraud

The Coincheck cryptocurrency fraud has rocked Japan, which had been the first country in the world to build a regulatory environment for crypto exchanges. The FSA regulator briefs Euromoney on how it built its rules and what Coincheck means for the future.

Central & Eastern Europe

Bank Pekao brings back the bison

Bank Pekao brings back the bison

Michal Krupinski looks to shake off the legacy of UniCredit with big plans for Poland’s second-largest lender. But will he be given a chance to implement them?

Middle East & Africa

Africa’s banks find a core remit

Africa’s banks find a core remit

Some of Africa’s largest banks, as well as its budding fintech firms, are building up their remittance offerings. It is an area largely deserted by global banks wary of regulatory risk, but one that is crucial to the region’s economic future.

Latin America

Transaction services

CSR

Columns

Europe’s banks need a faster recovery

After a year in the recovery ward, 2017 results show some banks are healing. The most serious illness, negative rates, is stubbornly resistant however. The danger remains that banks may not recover before another disease –financial or technological – strikes.

The UN SDGs are proud to introduce… blue finance

Blue finance is set to take off this year, buoyed by growing appetite for investments in sustainable fisheries, conservation and alternative plastics. It’s further evidence of the influence of the UN Sustainable Development Goals.

Front End

Startups get hyper… thermia

Startups get hyper… thermia

Forget your bikini-clad full moon party bitcoin events, because it doesn’t get any cooler than the annual Polar Bear Pitching in Oulu, Finland.

Five tables of tossers

February marked the start of the Chinese Year of the Dog – it is a moment when it is common for analysts to take a light-hearted look at what Chinese astrology might mean for the markets in the year ahead.