2012

No Joy For Rajoy

NEWSMAKERS: SPAIN

By Anita Hawser

Spanish prime minister Mariano Rajoy is probably glad he is not running for office at present.

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Tough task to sort out Spanish banks

Photo Credit : MATTHI/ Shutterstock.com

Having swept to power in elections late ...

Best Islamic Financial Firms 2012

LANDMARK YEAR

By Anita Hawser

Last year was a landmark year for Islamic finance—innovative new products were launched and new markets opened up that few would have considered likely candidates just a few years ago.

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These trends look set ...

New Derivatives Market Regulations Finally Adopted In Europe

MILESTONES: EUROPE

By Anita Hawser

It has been almost three years in the making and encapsulates European regulators’ response to the collapse of Lehman Brothers and the implosion of the collateralized debt obligation market following the subprime crisis in the ...

Treasury & Cash Management Awards 2012

ANNUAL SURVEY: DIGGING DEEPER

By Anita Hawser

Companies want ever-more-detailed information to better manage cash and liquidity. Those banks that are investing in best-in-class risk and liquidity management solutions are winning corporate clients.

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Last year was a difficult one for ...

Best White-Label System Provider

By Anita Hawser

BEST WHITE-LABEL SYSTEM PROVIDER

BNY Mellon Enterprise Treasury Services

A consistent winner in this category, BNY Mellon is one of the few banks with a business dedicated solely to providing other financial institutions with white-label solutions, which ...

Best Providers Of Money Market Funds

By Anita Hawser

BEST PROVIDER OF MONEY MARKET FUNDS

NORTH AMERICA

J.P. Morgan Asset Management

In the current economic climate where investors are more cognizant of counterparty risk, highly rated money market funds with sizable assets under management and ...

Best Banks For Liquidity Management

By Anita Hawser

BEST BANK FOR LIQUIDITY MANAGEMENT

NORTH AMERICA

Bank of America Merrill Lynch

The large global cash management banks have invested heavily in their liquidity management capabilities, particularly when it comes to helping companies gain a consolidated global ...

Best Banks For Cash Management

By Anita Hawser

BEST BANK FOR CASH MANAGEMENT—GLOBAL WINNER

Citi

Citi has a strong track record of managing complex global mandates, which plays to its strengths and presence across hundreds of countries and currencies. It boasts an impressive client ...

Best Banks For Payments And Collections

By Anita Hawser

BEST BANK FOR PAYMENTS AND COLLECTIONS

NORTH AMERICA

Wells Fargo
As a leading Automated Clearing House originator and receiver, Wells Fargo has played an integral role in helping companies make the move from paper-based payments to ACH ...

Best Treasury Management Systems & Services

By Anita Hawser

BEST TREASURY MANAGEMENT SYSTEMS & SERVICES

BEST ACCOUNTS PAYABLE SERVICES

Bottomline Technologies
Bottomline provides a range of payment, e-invoicing and document management solutions for a wide range of companies. File upload, invoice creation via Web entry and scanning ...

Best Banks For Risk Management

By Anita Hawser

BEST BANK FOR RISK MANAGEMENT

NORTH AMERICA

Bank of America Merrill Lynch
As a principal bank for large corporates in the US, Bank of America Merrill Lynch tries to take a holistic rather than product-focused approach to ...

Sector Report: Middle East Telecoms

SOWING SEEDS OF CHANGE

By Anita Hawser

The Arab Spring heralded the beginnings of reform and showed the growing importance of social media in enabling communal action. The telecoms sector in the Middle East has been forever changed as a ...

Sanusi Fears Impact Of European Crisis

NEWSMAKERS: NIGERIA

By Anita Hawser

Nigerian central bank governor Lamido Sanusi believes the likelihood of European banks going into a major crisis is quite high, and is concerned over the impact on Nigerian oil exports.


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Sanusi looks to Asia for ...

Environmental Risk Insurance

ENVIRONMENTAL INSURANCE: GLOBAL EXPOSURE MANAGEMENT

By Anita Hawser

Environmental risk insurers are offering more sophisticated solutions and a broader range of coverage amounts.

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A fire broke out at a chemical plant in Moerdijk, Netherlands, in January 2011. The plant belonged ...

2011

The Italian Job

NEWSMAKERS: ITALY

By Anita Hawser

As yields on Italian debt crept above 7% in mid-November, all eyes were on Italy as the next house of cards that could come tumbling down in the eurozone.

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Bini Smaghi out at ECB, moves ...

Living Wills Improve Banks’ Crisis And Risk Management

MILESTONES: GLOBAL

By Anita Hawser

While the focus at the moment may be on bailing out indebted countries in the eurozone, one of the legacies of Lehman’s collapse is the need for systemically important financial institutions (SIFIs) to draw ...

EM Regional Review: Asia

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WAITING GAME


By Anita Hawser


Asia is watching closely to see what happens to the West's buckling economies. However, intraregional trade growth and ever-increasing trade between the emerging markets will help cushion any impact.

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Much of the world’s ...

EM Regional Review: Introduction

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FEAST AND FAMINE

By Anita Hawser

The emerging markets are affected to a greater or lesser degree by what is happening in the developed world.

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Those countries and regions that are most closely tied to the West—such as Central ...

Trichet Exits From ECB

NEWSMAKERS: EUROPE

By Anita Hawser

At the press conference that followed the European Central Bank’s Governing Council meeting on October 6 in Berlin, few would have guessed that it was Jean-Claude Trichet’s last meeting as ECB president.

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Jean-Claude ...

Islamic Finance Goes Global

NEW HORIZONS

By Anita Hawser

Islamic Finance is growing beyond traditional borders to encompass new markets worldwide.

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The Islamic finance industry emerged relatively unscathed from the 2008 financial crisis —touting itself as an alternative to the leverage and greed that ...

Roundtable: Supply Chain Finance

COLLABORATION GROWS

Moderated by Anita Hawser

Companies and their banks are working together to develop finance solutions encompassing the entire supply chain.


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Anita Hawser: How are current market conditions impacting the development of Supply Chain Finance (SCF)?

Eric Lemmens, global ...

Governments Push To Close Tax Loopholes

MILESTONES: US/EUROPE

By Anita Hawser

As governments in the US and Europe embark on a program of austerity measures, they are more eager than ever before to claw back millions from undeclared offshore accounts.

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Swiss banks reach deal with ...

Trade & Supply Chain Finance 2011

WEATHERING THE STORM

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Following the 2008 financial crisis, trade finance was a term often uttered in the upper echelons of global political circles. Treasury secretaries bandied the term around at G20 meetings, stressing the importance of keeping the wheels of ...

Trade & Supply Chain Finance 2011: Global Trade

REBUILDING CONFIDENCE

By Anita Hawser

Global trade was affected over the course of 2011 by major disruptions such as the US sovereign rating downgrade, the Japanese earthquake and political upheaval in the Middle East and North Africa. Not only are ...

Central Banker Report Cards 2011

MIRACLE WORKERS REACH END OF THE ROAD

By Gordon Platt, Antonio Guerrero and Anita Hawser

Boosting employment and production are the elusive goals of today’s central bankers.

If it’s broke, fix it. Central bankers are taking on new ...

Treasury & Cash Management Supplement

MOBILIZING EXCESS CASH

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At most cash and treasury management conferences these days, treasurers are concerned with one of two things: ensuring they play a more strategic role within companies above and beyond managing a piggy bank of money; and making ...

Treasury & Cash Management Supplement: Cash Management In Brazil

BEATING BUREAUCRACY AND TAXES

By Anita Hawser

With Brazil now firmly on the map as global economic power, treasuries want to include it in their global cash solutions. But many regulatory, legal and taxation issues still obstruct that goal.

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Brazil ...

LSE’s Rolet Between A Rock And A Hard Place

NEWSMAKERS: UNITED KINGDOM

By Anita Hawser

Xavier Rolet, the London Stock Exchange’s CEO, must have breathed a sigh of relief when the European Commission announced in early August that it would investigate the proposed merger between Deutsche Börse and ...

US Treasury Department Going Paperless

MILESTONES: UNITED STATES

By Anita Hawser

There is nothing quite like the threat of a debt default and a whopping budget deficit to focus policymakers’ minds on cutting costs.

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E–invoicing to reduce Treasury costs

In an effort to reduce ...

Special Report: Islamic Finance In Asia

MALAYSIAN DOMINANCE PUT TO THE TEST

By Anita Hawser

Long the leading force in Asia-Pacific’s Islamic finance industry, Malaysia is facing growing regional competition.

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Anyone that does business or invests in Asia-Pacific will tell you that, as tempting as ...

Draghi Faces No-Win Situation As Europe’s Central Banker

NEWSMAKERS: EUROPE

by Anita Hawser

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Draghi: Will face scrutiny

Despite attempts to block his candidacy, Bank of Italy governor Mario Draghi will become the new president of the European Central Bank (ECB) when Jean-Claude Trichet retires in October. Draghi’s ...

Awards: Best In Supply Chain Finance

ANNUAL SURVEY: SUPPORTING ROLE

By Anita Hawser

Banks and nonbanks are driving steady growth in both the volume and the sophistication of supply chain finance.

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The global financial crisis provided a “light bulb” moment for many buyers and suppliers, demonstrating ...

Virtual Competition Presents A Real Challenge

TECHNOLOGY— SIBOS 2011

By Anita Hawser

Banks are facing growing competition from technologically advanced nonbanks as customers seek more convenience and higher service levels.

Imagine a world where money is no longer thought of as something physical but as virtual ...

Special Report: Sibos 2011

SIBOS 2011

Change is in the air at this year’s annual Sibos conference in Toronto. Hosted by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the conference provides a forum for the world’s biggest corporate and investment banks ...

Technology And Treasury Management: Mobile Banking

THE NEXT FRONTIER

By Anita Hawser

Take-up of mobile banking services is accelerating as services—and the devices they run on—become ever more sophisticated.

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At an annual gathering of the world’s largest corporate and investment banks held in ...

Technology And Treasury Management

A TREASURER’S BEST FRIEND

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With cash visibility and control more important than ever, and with risk management becoming an increasing part of the corporate treasurer’s job, technology is playing an ever more pivotal role. As its sophistication grows ...

Fast Favorites

SPOTLIGHT: FOREIGN EXCHANGE TRADING

By Anita Hawser

Technology is enabling faster and more-flexible trading in foreign exchange—and helping drive the rapid rise in daily trading volume.

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Erik Lehtis, president of Chicago-based Dynamic FX Consulting, has experienced firsthand how electronic ...

US Finance Industry Assess Galleon Ruling

MILESTONES: UNITED STATES


By Anita Hawser

It may have taken only 12 days of deliberations for the jury in the Galleon trial to convict Raj Rajaratnam, the co-founder of Galleon Group, of 14 counts of securities fraud, but the repercussions ...

Europe Aims To Simplify Securities Clearing Systems

MILESTONES: EUROPE

By Anita Hawser

How many central securities depositories (CSDs) does Europe need? The European Commission and the European Central Bank believe it is far fewer than the 40 CSDs currently scattered across the continent.

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The EC: Yet to ...

FSA Plans To Go Out With A Bang

MILESTONES: UNITED KINGDOM

By Anita Hawser

Before the 2008 financial crisis ripped through the world’s markets, the UK’s Financial Services Authority was renowned for its light-touch approach to regulation.

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Davies, RPC: Big jump in FSA fines

In the ...

Bernanke Heralds A New Era Of Fed Openness

NEWSMAKERS: UNITED STATES

By Anita Hawser

With the US economy still in recovery mode, monetary policy decisions of the Federal Reserve can have a major impact on which way the markets move.

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Bernanke opens up

But now, perhaps following the ...

Portugal’s Leaders Left With Few Option

MILESTONES : PORTUGAL


By Anita Hawser

Sovereign debt in the eurozone is back in the headlines again, with Portugal going cap in hand to the European Union and asking for an emergency bailout.

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Debt burden leaves little room to maneuver

Having ...

EM: Turmoil May Change Sovereign Fund Strategy

EMERGING MARKETS INVESTOR: NEWS

By Anita Hawser

The investment activities of sovereign wealth funds in some of the oil-rich countries in the Middle East and North Africa are being scrutinized with increasing interest by investors as political unrest continues to ...

DR News: Bumper Year Ahead For Asian DRs

EMERGING MARKETS INVESTOR: DR NEWS

By Anita Hawser

A Korean flour and feeds mill company, DongA One, selected BNY Mellon as its depositary bank for its ADR program.


Each ADR issued represents two common shares of the Korean company, which ...

Emerging Markets Roundup: Middle East

BUSINESS AS USUAL DESPITE UNREST

By Anita Hawser

The turmoil sweeping the Arab world threatens to cause a contagion that will spread far beyond the Middle East, says Barings Asset Management.

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Kuwait and other GCC countries in new fundraising efforts ...