RBC appeals FX trader’s whistleblowing victory

RBC appeals FX trader’s whistleblowing victory

By FARAH KHALIQUE

The Royal Bank of Canada is appealing a judge’s scathing verdict that it sacked a former trader in London for blowing the whistle on lax compliance, citing a ‘robust compliance culture’.

Trade finance: we.trade banks to support multiple platforms

Trade finance: we.trade banks to support multiple platforms

By PAUL GOLDEN

Those behind blockchain-based trade finance platform we.trade, which completed its first round of transactions this month, have acknowledged that banks will have to support multiple platforms to offer a rounded digital trade service.

Middle East’s strategic location drives FX growth

Middle East’s strategic location drives FX growth

By PAUL GOLDEN

Less onerous regulatory requirements and the proximity to markets where retail FX is prohibited continue to encourage brokers to set up shop in the Middle East, despite ongoing state protection for the Saudi Arabian currency.

Convenience and control continue to steer payments innovation

Convenience and control continue to steer payments innovation

By SOLOMON TEAGUE

Technology is rapidly transforming the payments landscape for corporates and retail customers alike, and the systems that gain traction tend to be those that give consumers better visibility of their money – or make their lives easier in other ways.

Goldman signals Brazilian focus

Goldman signals Brazilian focus

By ROB DWYER

Investment bank steps in as BNDES stops crowding out; an important first in local-denominated financing of large project puts down marker.

Chinese banks slow lending

Chinese banks slow lending

Mainland banks have long been known for their penchant to commit chunky amounts to loans, either as participants or as book runners, but that is changing, say loans bankers in the region.

Barbados represents a higher risk opportunity

Barbados represents a higher risk opportunity

By JEREMY WELTMAN

The new government has inherited a mess, with Euromoney’s survey signalling a further rise in risk in Q2 2018, but ECR experts believe proactive leadership can suitably address the issues.

Payments move into the next generation

Payments move into the next generation

By KIMBERLEY LONG

As treasurers and banks grapple with the arrival of real-time payments and open banking, tech companies are looking at the next phase of payment developments.

FX: MTFs still reluctant to move even as Brexit approaches

FX: MTFs still reluctant to move even as Brexit approaches

By PAUL GOLDEN

With less than 10 months to go until the UK formally leaves the European Union, most FX venues remain content to wait for the outcome of negotiations around key issues such as financial passporting before confirming their future strategy.

Fintechs get organised

Fintechs get organised

By KIMBERLEY LONG

The rise of fintechs is global, but they are at risk of isolation through regulation.

Country risk: Russia takes centre stage

Country risk: Russia takes centre stage

By JEREMY WELTMAN

When the World Cup fanfare is over, investors must gauge whether the country represents a better bet than other emerging markets – and there are still some nagging doubts.