Still finding its way onto the broader global stage, Islamic finance is expanding its reach and rising to new heights in delivering added value to consumer and business markets alike.
Gautam Jain, global head of digitization and client access, Transaction Banking, Standard Chartered Bank, talks about the bank’s role in a blockchain proof-of-concept joint effort.
Trade finance is behind some other banking sectors in transitioning to paperless documents and digital distribution, but it’s catching up.
The past year has seen major advances which, although only beginning to bud, are likely to have long-running ramifications for corporate treasury and cash management as they blossom and mature.
Challenger banks join start-ups and outside providers in supplier finance to get funding where it’s needed most.
The $5 trillion-a-day foreign exchange market is changing rapidly, as electronic execution platforms control the bulk of trading and bank dealers streamline operations in response to growing pressure from regulators to cut trading risks and boost capital.
Steady revenue streams make transaction banking attractive during times of volatility. But tech and upstart competitors are remaking the business.
Profiles of the 2016 FX Award Winners by Region and Category
Global Finance’s annual evaluation of the work of the world’s central bankers found some stellar performances, and some dismal ones. The toughest challenge for many: propping up falling prices.
Regulators are starting to ask more questions about cross-border payment flows, which is forcing banks to have more nuanced conversations with their networks of correspondent banks.
A raft of new regulations around the world is changing how treasurers manage cash.
The industry retrenches, redefining networks in response to client needs
Management | Tax Policy
In an effort to clamp down on tax avoidance by multinationals, the European Commission has announced plans to revive a proposal to unify the corporate tax base across Europe.
Annual Awards honoring the Best Islamic Financial Institutions in the world.
Best Islamic Financial Institutions | Introduction
Islamic finance is breaking out, as long-awaited regulatory reform takes hold in key nations, boosting transparency and driving new business.
Special Report | The Digital Bank
Banks are using new technologies to help corporate clients make better financial decisions.
Banking | United Kingdom
In its 2014 annual report published in February, RBS announced that CIB, which includes global transaction services, will reduce its geographical footprint from 38 to 13 countries.
Royal Bank Of Scotland plans to vastly scale back its Transaction Services business. It is a further sign of the challenging times faced by global transaction banks.
Global Finance sat down with Egyptian bank CIB’s chairman and MD, Hisham Ezz Al-Arab, to discuss its strategy during the Arab Spring and how it plans to attract a younger clientele.
Global Finance presents the winners of its 13th Annual Best Treasury & Cash Management Providers awards.
Presenting the World’s Best Trade & Supply Chain Finance Awards for 2015.
Cash is still king, and unlocking trapped cash or investing it for higher yield remains one of the major preoccupations of most corporate treasurers.
Market Report | Global Islamic Finance
Despite lower volumes in 2013, sukuk issuance is on track for a record year.
MARKET REPORT | ISLAMIC TRADE FINANCE
Offering inventory financing to commodity traders brings much-needed liquidity to the Islamic trade finance market.
Global Finance presents its annual report on the performance of the world’s central bank governors.
Global Finance unveils its annual list of the best banks globally, regionally and by country. The banking industry remains under stress, but there are bright spots.
MILESTONES | UNITED KINGDOM
Technology derived from medical scanning is being used by a UK bank in the fight against cybercrime and identity fraud.
Inside Sibos | Review
At this year's event held in Boston, there seemed to be a greater sense of urgency among the banks about the need for change.
In its 2013 report to Congress, the Export-Import Bank of the United States says that its “overriding mission is to create and sustain American jobs by supporting US exports.” But that very mission is under threat, with House Financial Services Committee chairman Jeb Hensarling, among others, seeking to abolish the bank.
The need for financing for supply-side firms continues to grow—particularly in emerging and frontier markets. More companies are looking to SCF to fill this gap.
ANNUAL AWARDS: BEST ISLAMIC FINANCIAL INSTITUTIONS 2014
Islamic finance is going mainstream, with new banks opening and new regulatory endeavors under way in this dynamic global mar
Malaysia’s strong current account and FX reserves will safeguard it against external shocks, but high leverage and simmering ethnic tensions remain weak points.
Given the spate of recent fines by UK and US regulators against banks for failure to comply with anti-money laundering regulations, it’s worth exploring the question of why the banks keep coming up short. The most recent headline was the ...
GOLD STANDARD By Rebecca Brace and Anita Hawser Global Finance presents the winners of its annual Best Treasury & Cash Management Providers awards. Global multinational corporates may have come out of the 2008 global financial crisis better off than the ...
NEWSMAKERS By Anita Hawser One woman who worked hard to ensure that the wheels of global trade kept turning, even in the midst of the global financial crisis, was Bonnie Galat, global head of business development for trade and supply ...
STAR PERFORMERS By Anita Hawser Over the past six years transaction banking has been one of the best performers in an otherwise lackluster banking sector. Even in the midst of a global financial crisis, suppliers and salaries still need to ...
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 ...
SPECIAL REPORT: ISLAMIC TRADE FINANCE By Anita Hawser Islamic trade finance is of increasing interest, but whether it will be successful depends on market forces. “Shariah-compliant trade finance is an ancient tradition with a long history of supporting economic activity ...
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 ...
‘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 ...
"It's almost as if the trade finance industry hasn't read the newspapers," says Dan Roberts. Roberts, global head of trade finance at Barclays, is talking about what some in the industry describe as an unsustainable situation in trade finance. Prices ...
REGIONAL SUPERSECTION — SEEKING A NEW MODEL By Anita Hawser As the infrastructure boom continues, it may be time for GCC countries to reevaluate how they select and fund new projects. “Abu Dhabi cannot rely solely on ...
Asia is often portrayed as a land of milk and honey, where liquidity and capital flow freely, and high levels of economic growth continue to attract foreign investors. But not all countries in Asia it seems are reaping the benefits ...
UNLOCKING HIDDEN POTENTIAL By Anita Hawser and Paula L. Green Global Finance presents the winners of its annual awards for the Best Supply Chain Finance Providers globally and by region. Five years have passed since the global financial ...
By Anita Hawser and Paula L. Green NORTH AMERICA Citi In North America, Citi has closely aligned itself with government efforts to leverage supply chain finance as a means of funneling much-needed working capital to SMEs. It is a ...
By Anita Hawser and Paula L. Green BEST SUPPLY-CHAIN FINANCE PROVIDER—BANK Citi Some of of the main prerequisites for a bank to be able to support supply-chain finance programs in different countries are its knowledge of local market regulations ...
World’s Best Islamic Financial Institutions 2013: Country Winners Algeria Banque Al Baraka D’Algérie Bahrain Al Baraka Islamic Bank Bahrain Bangladesh Islamic Bank Bangladesh Brunei Darussalam Bank Islam Brunei Darussalam Egypt Faisal Islamic Bank of Egypt Indonesia Bank Muamalat Indonesia Jordan ...
ISLAMIC FINANCE DEAL OF THE YEAR: Jebel Ali Free Zone Islamic Financing Facility And Sukuk $1.2 BILLION SYNDICATED ISLAMIC FINANCING FACILITY: Mandated lead arrangers and joint bookrunners Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, Emirates NBD, National Bank ...
A DEFINING MOMENT By Anita Hawser Global Finance presents the winners of its awards for the World’s Best Islamic Financial Insititutions 2013. With Islamic banking assets predicted to pass the $1.1 trillion mark in 2012 and Islamic ...