NEW YORK, September 5, 2014 — Global Finance magazine has named the heads of the central banks of India, Israel, Malaysia, the Philippines, Saudi Arabia, Switzerland and Taiwan as the World’s Best Central Bankers over the past year, in recognition of their achievement of an “A” grade on Global Finance’s Central Banker Report Cards. In addition, the central bankers of Chile, Colombia and the European Union earned “A-” grades.
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Subcustodians are being pressured by declining margins and low interest rates at the same time they are trying to cope with an onslaught of new regulatory requirements. For those with the skill and the wherewithal to meet the challenges, however, the business of protecting and servicing client assets remains profitable. Global investing is expected to continue to increase in the future.
Since the global financial crisis, US regional banks have taken market share in corporate banking away from the national money-center banks, which have dialed back on risk to rebuild their balance sheets.
Global Finance launched the awards in recognition of the growing significance of the supply chain and the various financing solutions that are now available to enhance working capital and optimize DSO and DPO for buyers and suppliers. Global Finance selected winners across sixteen global and eight regional categories.