2014

SEPA Compliant: To Be Or Not To Be?

SPECIAL REPORT By Anita Hawser To be or not to be? Compliant, that is. Apparently, the answer is it doesn’t matter—at least not yet. Just a few weeks before the February 1 SEPA deadline came to pass, the ...

2013

Cover Story: World’s Best Banks 2013

TECHNOLOGY IS THE TRUMP CARD By Jonathan Gregson, Antonio Guerrero, Anita Hawser, Gordon Platt and Michael Shari Global Finance unveils its annual list of the best banks globally, regionally and by country. The winners have all demonstrated dedication to satisfying ...

Central Banker Report Cards 2013

‘A’ FOR EFFORT, ‘B-’ FOR RESULTS By Antonio Guerrero, Anita Hawser and Gordon Platt Global Finance presents its annual report on the performance of the world’s central bank governors. There are a lot of new faces among the world ...

Milestones: Shareholder Say On Pay Takes Form

MILESTONES: EUROPE


By Anita Hawser

Billed as a major blow to the UK’s status as a global financial services hub, the European Parliament and council sent a clear message in February about bank bonuses, reaching an agreement that bankers ...

Middle East 2013: Takaful Insurance

SHARING RISK

By Anita Hawser


Takaful insurance markets are growing steadily in the Gulf, but the regulatory framework is still developing in some countries.

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Taking out car, property or life insurance is second nature in the West, but in the ...

Best Treasury and Cash Management Providers 2013: System And Services Winners

SYSTEMS AND SERVICES PROVIDERS

By Anita Hawser and Rebecca Brace

BEST TREASURY MANAGEMENT SYSTEMS AND SERVICES PROVIDERS
Accounts Payable Services BNY Mellon SourceNet
Accounts Receivable Services SunGard AvantGard Receivables
Electronic Invoice Presentment and Payment Services Basware
Payroll Services ADP
Corporate ...

Best Treasury and Cash Management Providers 2013: Global Winners

GLOBAL WINNERS

By Anita Hawser and Rebecca Brace

BEST TREASURY & CASH MANAGEMENT PROVIDERS 2013: GLOBAL WINNERS
Best Overall Bank for Cash Management Citi
Best White Label System Provider BNY Mellon

BEST OVERALL BANK FOR CASH MANAGEMENT

Citi

Citi provides services ...

Best Treasury and Cash Management Providers 2013: Regional Winners

REGIONAL WINNERS

By Anita Hawser and Rebecca Brace

BEST TREASURY & CASH MANAGEMENT PROVIDERS 2013: REGIONAL WINNERS
Best Overall Bank for Cash Management
North America Bank of America Merrill Lynch
Latin America Citi
Western Europe Deutsche Bank
Nordic Region SEB
Central ...

Awards: Treasury & Cash Management 2013

BEST IN SHOW

By Anita Hawser and Rebecca Brace

Global Finance presents the winners of its Treasury & Cash Management Providers Awards 2013. This year, we have expanded our evaluation process to include a survey of our corporate readers.


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For this ...

Milestone: Enforcement Will Only Get Tougher Under New FSA Regime

MILESTONES: UK


By Anita Hawser


After four years under a shadow, the UK’s Financial Services Authority is once again being held up as a model financial regulator both for its principles-based approach to reporting and for its ability to ...

Equity Derivatives

FLYING BLIND


By Anita Hawser


Despite new entrants joining the market, the equity derivatives business saw a marked slowdown over the past year, and some well-established firms are now scaling back their operations.

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After the global financial crisis of 2007 ...

2012

Investors, Not Banks, Will Feel Brunt Of Tobin Tax

MILESTONES: EU

By Anita Hawser

The proposed Tobin Tax, or financial transaction tax (FTT), is a political hot potato that is being kicked around by various European countries in the wake of the global financial crisis as a means of ...

Islamic Finance Goes Global

COMING OF AGE

By Anit a Hawser

Islamic finance is starting to spread within the countries of North Africa with high Muslim concentrations.

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Any discussion of Islamic finance usually includes Islamic financial hubs such as Malaysia or the Gulf Cooperation ...

Milestone: Judging Alternatives To Libor

MILESTONES: UK


By Anita Hawser

The ongoing controversy surrounding Libor, the global benchmark interest rate used for pricing financial contracts, has sparked a wider debate about the merits of using alternative reference rates.

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The Bank of England was warned about ...

Central Banker Report Cards 2012: The Americas

By Gordon Platt, Antonio Guerrero and Anita Hawser

The Americas

ARGENTINA

Mercedes Marcó del Pont

Grade: D

Marcó del Pont has focused much of her efforts over the past year on imposing draconian foreign exchange restrictions. Controls began after last ...

Central Banker Report Cards 2012: Asia-Pacific

By Gordon Platt, Antonio Guerrero and Anita Hawser

ASIA-PACIFIC

AUSTRALIA

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Glenn Stevens

Grade: A

Stevens has his hands full managing an economy with booming mining and financial sectors and weakness elsewhere. So far, he has managed to keep the overall ...

Central Banker Report Cards 2012: Europe

By Gordon Platt, Antonio Guerrero and Anita Hawser

EUROPE

BELARUS

Nadezhda Ermakova

Grade: C

Ermakova assumed the chairmanship of the central bank in August 2011 under somewhat controversial circumstances. Her predecessor, Petr Prokopovich, retired against a backdrop of spiraling inflation ...

Central Banker Report Cards 2012: Middle East & Africa

By Gordon Platt, Antonio Guerrero and Anita Hawser

MIDDLE EAST & AFRICA

ALGERIA

Mohammed Laksaci

Grade: C

The central bank of Algeria, Africa’s second-largest oil producer, has kept its discount rate at 4% for the past few years to encourage ...

Owen Leads New Unit At RBS

NEWSMAKERS: UNITED KINGDOM

By Anita Hawser

Since its bailout after the 2008 financial crisis, Royal Bank of Scotland has come under pressure from the government to increase lending, and recent reports suggest the government is considering fully nationalizing the bank ...

UK: Race Heats Up For Next BOE Governor

NEWSMAKERS: UK


By Anita Hawser

The recent Libor scandal in British banking highlighted the power play that is going on behind the scenes as candidates vie for the governorship of the Bank of England when Mervyn King's second five-year ...

Best Supply Chain Finance Providers 2012: Regional Winners

By Anita Hawser

NORTH AMERICA

Citi

Citi is the leading provider of export-credit-agency–backed transactions, and in 2011 in conjunction with the US Export-Import Bank it launched its second ECA–guaranteed supply chain financing with participation of up to $1 ...

Best Supply Chain Finance Providers 2012: Global Winners

By Anita Hawser and Paula Green

BEST SUPPLY CHAIN FINANCE PROVIDER—BANK

Citi

With trade and supplier finance capabilities in more than 80 countries, few providers can match Citi's extensive geographical footprint. It provides different forms of supplier finance ...

Awards: Supply Chain Finance 2012

BUILDING BLOCKS

By Anita Hawser and Paula Green

The winners of this year's awards come from a wide array of bank and nonbank backgrounds.

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They offer unique financing solutions and are helping buyers and suppliers connect as never before ...

Islamic Financing Facility To Be Tested By US Courts

MILESTONES: MIDDLE EAST / US

By Anita Hawser

The ability of US bankruptcy law to handle shariah-compliant structures is being tested after Bahraini firm Arcapita Bank’s decision in March to file for bankruptcy protection in the US.

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Business as usual ...