March 2019

March 2019

Latin America: An end to boom and bust?

Argentina is on a precipice, Venezuela has a humanitarian crisis and Brazil is just exiting its worst-ever recession – so far, so Latin America. But some countries have shown a path to sustainable growth and others are now grasping the nettle of reform. In a series of articles to commemorate 50 years of Euromoney, we speak to architects of previous recovery plans and to today's heads of the region's top banks and investment banks and ask: could an end to Latin America's long history of boom and bust finally be in sight?

Banking for a modern Middle East

The region’s banks used to be small, local and low-tech – many still are – but in the future they will be altogether different beasts.

Euromoney 50th Anniversary

The Middle East across the decades

The Middle East across the decades

Working in Beirut in 1974 was a formative experience for Padraic Fallon, the long-serving editor and later chairman of Euromoney, and since then the magazine has set the standard for coverage of this often misunderstood region.

Latin America across the decades

Recoveries, reschedulings, crises and scandal: no region’s financial markets have been as turbulent as Latin America’s over the last five decades. Euromoney had a ringside seat for all the booms and busts, and access to some of the colourful characters – from presidents to bank chiefs – that have tried to steer Latin America towards a more sustainable path.

Latin America

Digital retail: Latin America’s banking revolution

The region’s leading banks produce some of the best numbers in the global industry, and success in retail banking – and a hard-learned approach to risk management – are core; could the growth of digital banking bring a new era of change?

Latin America investment banking – the brittle relationship

Staying committed to a region where deal flow sometimes stops overnight is tough for an international investment bank. Local firms and the few foreign competitors that have stuck around hope to benefit from any upturn in business. The in-and-outers might find it hard to get back.

Middle East

Can the Gulf break the habit of half a century?

Can the Gulf break the habit of half a century?

Less than five years after Euromoney began, the Arab oil embargo gave international finance a shot in the arm and provided an extraordinary windfall to the Gulf, but as the oil boom has repeatedly turned to bust, commodity cycles have laid bare the vacuity of the region’s diversification programmes. Today, with local populations expanding, harder and less stable times could lie ahead if the region does not take more drastic action – even when oil prices bounce back.

Middle East: Has Islamic banking set a new standard?

Islamic finance has come a long way over the past few decades, maturing into a $2.4 trillion industry, but some long-term problems remain and the recent wrangle over a Dana Gas sukuk shows credibility is still an issue.

Middle East: Leaders who guided a region through 50 turbulent years

Over 50 years, leaders of Middle East financial institutions have steered their businesses through very good and very bad times, including oil price crashes, rampant property and stock speculation, and war. Some key figures highlight the events they remember most and spell out lessons for the next generation.

Middle East: Banking in an age of conflict

War and revolution have shaped the Middle East’s recent history and have left their mark on the banking sector. Senior bankers reflect on the role crisis has played in their careers and on the region’s financial system.

Capital markets

Fintech

Asia Pacific

Australia Royal Commission: All talk, no action

Australia Royal Commission: All talk, no action

The final report of Australia’s Royal Commission into misbehaviour in financial services had plenty of blood and thunder, and has already brought down the top executives of National Australia Bank, but it doesn’t bring the promise of lasting reform.

Emerging Europe

How digital is transforming CEE banking

How digital is transforming CEE banking

Banks in emerging Europe have long outperformed many of their western peers in the race for digitalization – now a handful of pioneers are taking it to the next level and using technology to transform the banking landscape across the region.

Comment

The battle for Privatbank: part two

Handing Ukraine’s largest bank back to its former shareholders would amount to economic suicide – but speculation is rising that leading presidential candidates plan to do just that.

Time is running out for Greek NPLs

The Greek banks’ bad debt reduction targets look eye-wateringly ambitious for a country that is only just getting to grips with a coordinated strategy to deal with the issue.

Columns

Sideways: JPM Coin – to ubiquity and beyond!

JPMorgan is trying to advance its master plan for global fintech domination with a discipline that is often lacking in a sector better known for wildly over-promising than actually delivering practical solutions.

Front End

Royal Commission: Dark humour in Oz

Australia’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was a bruising business for all involved, but it was not without its light-hearted moments.

Letters