With monetary union off the table, a national break-up could make Brexit seem like a skirmish.

Next month, all UK employers with more than 250 workers must disclose the gender pay gaps for both salary and bonus.

UK banks scraped through the latest stress tests with no need to raise capital, but add a disorderly Brexit onto recession and overseas investor flight, and they could face serious trouble.

The industry reacts to RBS's decision to retrench its international transaction services operations, referring clients instead to BNP Paribas.

The headline results of Euromoney's 2015 foreign exchange survey show the leading banks have been remarkably consistent, despite the upheavals in the sector. But, beneath the surface there are changes that will transform the competitive landscape of the industry. Deeper analysis of the survey results demonstrates that’s already starting to happen.

Citi retains top spot in Global FX as clients execute more than half electronically for the first time

The Bitcoin rollercoaster has lurched down as BTC China said it would no longer be accepting renminbi deposits, triggering a massive sell-off across most cryptocurrencies. But Bitcoin believers remain unbowed. Here is a round-up of the most bullish projections.

The pace of UK growth is set to almost double in 2014, but the economy is suffering structural imbalances that threaten stability in the medium term.

After a roller-coaster ride this year sparked by fears of Fed tapering, emerging market equities could be calmer in 2014, but will continue to face challenges as investors reappraise the risk-reward expectation.

A new Isda report reveals how the fight for currency liquidity is on as foreign exchange trading venues struggle to adapt to the new regulatory landscape

Germany’s export machine will be hit by a rebalancing of China's economy, but the special relationship between the world’s second- and fourth-largest economies might provide a springboard for the development of more sustainable economic ties.

Buy-side involvement in repo markets has yet to recover from lows plumbed following the financial crisis, despite increasing disintermediation of banks resulting from regulatory pressures and the search for yield.

The Bank of England’s more activist mandate may push the Monetary Policy Committee to leave interest rates on hold for too long, complicating efforts to bring down inflation and cut British household debt.

It’s been a torrid year for emerging market local- and hard-currency bonds. After a 2012 rally, credit picking has reigned supreme and the conventional investment case – emerging markets are at a different stage of the credit-rating and growth cycle than developed market issuers – took a knock.

Businesses must embrace the digital revolution taking place in international trade.

UK companies offering peer-to-peer lending are following their US counterparts into the financial mainstream, with an hospitable regulatory climate, as well as new sources of demand and products.

Businesses may be taking on exposures to FX risk unnecessarily because they think hedging costs are too expensive. Understanding these costs is the springboard to a robust hedging strategy that avoids too much damage when an unexpected devaluation hits.

A Damascene conversion in some regulatory circles in favour of securitization, as a means of boosting the real economy, has heartened market participants, but regulatory hurdles remain, including the liquidity coverage ratio. While continental European issuance has demonstrated growth, there are grounds for cautious optimism that 2014 will see the securitization market, from CLOs to RMBS, spring back to life.

US stock indices are at record highs but the exuberance is not irrational, say bullish analysts, because the level of valuations is justified by strong earnings and a market with some of the world’s most profitable companies.

With a shrinking economy and a deteriorating balance of payments, Ukraine is in a downward spiral that risks plunging the country into crisis if the current political unrest is not defused with haste.

High-volume European car makers look set to emerge stronger than many thought possible from the lowest sales volumes for 17 years and decades of overcapacity issues. This could release more than EUR15 billion for shareholders, new projects or acquisitions, writes Michael Ward, Head of Diversified Industrials.

Regulation, staying on top of cash flows and the importance of agility – our experts from EMEA, Asia Pacific and the US discuss the major issues facing corporate treasurers. By Etienne Bernard, Head of Transaction Services, EMEA, Julian Oldale, Head of ICM International Solutions, Americas, and Manfred Schmoelz, Head of Transaction Services, Asia Pacific.

Global banking regulators have placed the risk-absorbing capacity of government bonds at the centre of their brave new financial world, ostensibly opening up revenue opportunities for banks in collateral-transformation for OTC purposes.

Author and former trader Nassim Taleb, who shook the financial world with his best-selling book on risk The Black Swan, recently spoke at an RBS Insight dinner for clients in Milan. Here, he shares his thoughts on handling the unpredictable.

China’s once-in-a-generation economic reforms have largely pleased some notable bears, as new policies reflect Beijing’s recognition that a growth-at-all-costs investment-led model is bust, while capital-account opening could help navigate short-term credit challenges.

With inflation continuing to fall and growth flatlining, pressure is mounting on the ECB as it edges closer to exhausting less contentious policy weapons to combat the threat of deflation.

In an exclusive interview, a former drafter of the Volcker rule explains why, in its current trajectory, the flagship regulation will fail to distinguish legitimate market-making and proprietary risk-taking while banks sound the alarm on compliance costs, hit to earnings and extraterritoriality concerns.

Typhoon Haiyan is tempering exuberance over the Philippines’ growth story by exposing structural limits on its growth potential – most significantly inadequate infrastructure and governance issues.

Risk managers have made use of exchange-traded FX options to hedge foreign exposures this year amid a volatile global macro environment.

Italian companies are poised to issue bonds quickly as growing investor confidence creates significant opportunities to access the market, writes Andrea Soro, RBS Country Executive, Italy.