2012

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 billion to ...

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 (receivables financing, ...

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

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. Business as usual ...

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. Tough task to sort out Spanish banks Photo Credit : MATTHI/ Shutterstock.com Having swept to power in elections late ...

World’s Best Islamic Financial Institutions 2012: Country Awards

By Anita Hawser Algeria Banque Al Baraka D’Algérie Saudi-owned, Bahrain-based banking group Al Baraka first ventured into this North African country in the early 1990s. Being the first to offer Islamic banking in the country carries with it a certain ...

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. These trends look set to ...

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 ...

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 ...

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. Last year was a difficult one for ...

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 clear ...

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 list ...

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 ...

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. 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. 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. Bini Smaghi out at ECB, moves ...

EM Regional Review: Asia

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. Much of the world’s attention is ...

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 up ...

EM Regional Review: Introduction

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

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. Jean-Claude Trichet, defender ...

Islamic Finance Goes Global

NEW HORIZONS By Anita Hawser Islamic Finance is growing beyond traditional borders to encompass new markets worldwide. 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. Anita Hawser: How are current market conditions impacting the development of Supply Chain Finance (SCF)? Eric Lemmens, global ...

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 ...

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. Swiss banks reach deal with UK, ...

Trade & Supply Chain Finance 2011

WEATHERING THE STORM 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 ...

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 activist roles ...

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. Brazil’s ...

Treasury & Cash Management Supplement

MOBILIZING EXCESS CASH 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 ...

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 NYSE ...

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. E–invoicing to reduce Treasury costs In an effort to reduce the ...

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

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

NEWSMAKERS: EUROPE by Anita Hawser 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 candidacy ...

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. 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 to debate ...

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

Technology And Treasury Management

A TREASURER’S BEST FRIEND 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, treasury technology ...

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