2011

Go With The Flow

CORPORATE TOOLBOX: LIQUIDITY MANAGEMENT

By Anita Hawser

Banks are offering increasingly innovative products to help companies make the most of their internal liquidity.

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It might be hard to picture now, but just five years ago credit was so cheap that ...

Company To Watch: Fatima Fertilizer

EMERGING MARKETS INVESTOR: COMPANY TO WATCH

By Anita Hawser

Headquartered in Lahore, Fatima Fertilizer, which provides nitric acid, ammonia and other fertilizer and chemicals products, was born out of the Pakistan government’s 2001 Fertilizer Policy, which aims to develop ...

UK/US: Derivatives Traders Assess New Regs

MILESTONES: UNITED KINGDOM / UNITED STATES

By Anita Hawser

Banks are scrambling to launch electronic trading platforms for derivatives transactions such as credit default swaps (CDSs) in an attempt to get ahead of planned regulatory changes aimed at increasing transparency in ...

Take Cover

INSURANCE: POLITICAL RISK COVER

By Anita Hawser

Recent events in the Middle East and North Africa have brought political risk into sharp focus for multinationals in the region and beyond.

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It was the morning after the Japanese earthquake, and David ...

Emerging Markets Roundup: Middle East

ROUNDUP: MIDDLE EAST

By Anita Hawser

In the wake of the political and social unrest that has been sweeping across the Middle East following the downfall of the Tunisian and Egyptian leaders, ratings agencies are preparing to issue more downgrades ...

EM: Bovespa Eyes Other BRIC Markets

EMERGING MARKETS INVESTOR: NEWS

By Anita Hawser

As the world’s key stock exchanges engage in a flurry of mergers aimed at cutting costs and boosting efficiency, Brazil’s BM&F; Bovespa—the fourth largest exchange operator in the world ...

Company To Watch: Industrias Bachoco / Mexico

INDUSTRIAS BACHOCO: POULTRY PRODUCER OFFERS PROTECTION IN TROUBLED MARKET

By Anita Hawser

In times of uncertainty investors often turn to so-called defensive stocks, and Mexico poultry producer Industrias Bachoco is certainly that.

Despite other problems that may be going on ...

Global: Pushing For Mainstream Sustainability Reporting

NEWSMAKERS: GLOBAL

By Anita Hawser

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Ligteringen: “Measure what you need to manage”

“We are urging all companies to look systematically at their environmental,social and economic results,” says Ernst Ligteringen, CEO of the Global Reporting Initiative (GRI), which provides sustainability ...

DRs: Chinese Firms Believe In US IPO Market

EMERGING MARKETS INVESTOR: DR NEWS

By Anita Hawser

The wave of Chinese companies opting to list on American exchanges continues with a China-based manufacturer of rare-earth coated and prestressed building materials for roads and bridges issuing five million American Depositary ...

Awards: Treasury & Cash Management

ANNUAL SURVEY: CASH CONTROL

By Anita Hawser

In a reflection of the changes taking place in the global economy, new battle lines are being drawn by the global cash management banks, particularly in regions like Asia and Africa.

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The banks ...

Sector Report: Islamic Finance

ISLAMIC FINANCE: ISLAMIC BANKING BY THE BOOK

By Anita Hawser

The growing popularity of Islamic financing and an intensified focus on risk management in the global banking industry are prompting greater awareness of the need for a unified—and appropriate ...

EM News: Equity Markets To See More Growth

EMERGING MARKETS INVESTOR: NEWS

By Anita Hawser

Emerging market equities look set to enjoy another strong year in 2011 on the back of robust economic growth fueled by domestic consumption and a recovery in exports.

"Emerging equities are expected to ...

Update: Custody and Investor Services

CUSTODY & INVESTOR SERVICES: IN SAFE HANDS

By Anita Hawser

Custodians have seen their role expand as a result of recent regulatory and market-driven changes.

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In the wake of Lehman's collapse, Bernie Madoff's $50 billion Ponzi scheme and the ...

Corporate Toolbox: Cyber Security

CYBERSECURITY: HIDDEN THREAT

By Anita Hawser

Recent increases in cyberattacks have raised alarming questions over corporate network security.

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In February 2010 the Kneber botnet virus infected more than 70,000 computers globally, including some at US government agencies. The attack ...

US: Treasurers Oppose Tighter Rules On MMFs

NEWSMAKERS: UNITED STATES

By Anita Hawser

Proprietary trading by banks and OTC derivatives has come under increased regulatory scrutiny following the 2008 subprime crisis, but, to the surprise of many, regulators are also fixing their gaze on money market funds ...

UK: Businesses Brace For Bribery Crackdown

NEWSMAKERS: UK

By Anita Awser

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High risk: UK bribery law will affect companies worldwide

In a sign that regulators are clamping down on bribery and corruption in international business, from April 2011 the UK will implement what legal experts are ...

SEPA Update: Slow Progress

UPDATE: SEPA

By Anita Hawser

Proponents of the Single Euro Payments Area are considering stringent measures to encourage companies to hop on board.

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As eurozone countries busy themselves implementing liquidity measures designed to calm market fears about sovereign debt problems ...

Qatar: Islamic Finance To Win With World Cup

NEWSMAKERS: QATAR

By Anita Hawser

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Hussain: Islamic banks must resolve key issues

As Qatar kicks off its campaign to ensure it has the infrastructure to host the 2022 FIFA World Cup, the region's banks are hoping the massive investment ...

2010

Emerging Markets Focus: Asia

COVER STORY: IN THE DRIVER'S SEAT

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By Anita Hawser

Emerging Asia has consolidated its role as the most powerful engine of global economic recovery—but threats to the region's growing prosperity remain.


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The first thing British prime minister ...

Global: Basel III Debate Over Trade Finance

NEWSMAKERS: GLOBAL

By Anita Hawser

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Nivison: Trade is different

When the new Basel III capital adequacy proposals were announced back in the summer, some members of the banking community breathed a sigh of relief as the timeline for their introduction ...

The Benefits Of Discipline

INTERVIEW — DURMUS YILMAZ


Turkey's central bank governor talks to Anita Hawser about inflation, Europe and how his country managed to weather the recent global crisis so well.

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The Central Bank of Turkey has a long history of battling inflation ...

Standard Bearers

SECTOR FOCUS — ISLAMIC FINANCIAL SERVICES

By Anita Hawser


Calls for standardized regulation of Islamic financial services are growing louder in the wake of the global financial crisis.

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Islamic banks emerged from the recent financial crisis with a relatively burnished image ...

United Kingdom: Governance Code Puts UK Shareholders In The Hotseat

NEWSMAKERS: UNITED KINGDOM


By Anita Hawser

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Hogg: Code will be catalyst

In the wake of the financial crisis, which highlighted the need for higher levels of engagement between the boards of companies and significant shareholders, corporate governance is at the ...

Europe: SEPA Fails To Live Up To Expectations

MILESTONE: EUROPE


By Anita Hawser

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Slow implementation has hindered SEPA

With the threat of sovereign defaults in Europe's PIGS (Portugal, Ireland, Greece Spain), the eurozone had its fair share of bad news this summer. As the sovereign and fiscal ...

Milestones: Financial Services Industry Faces Long Convalescence

Global


By Anita Hawser

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Moloney: Regulators’
lenient attitude toward
banks is over

As banks enter the convalescence phase after what some describe as the financial equivalent of a major medical trauma, there may be a need for further medicine to ...

Newsmakers: Financial Turmoil Hits London's Status

United Kingdom

By Anita Hawser

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Jenkins: London faces threat from multiple emerging market centers

As economic power increasingly shifts toward the East and regulators in the West look to rein in the growth of their financial sectors, senior business figures ...

SIBOS 2010

With thousands of banks and a growing number of corporations attending each year, the Brussels-based international banking network SWIFT's annual Sibos conference has become a crucial forum for debates in transaction banking. This year's conference, to be held ...

Asia’s Financial Centers Gain Ground On Rivals

MILESTONES: GLOBAL


By Anita Hawser

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Hong Kong: One of the world’s top-three finance centers

London and New York can rest easy. Despite the Dodd-Frank Act and other regulatory measures that threaten to split up banks, curb bankers' bonuses and ...

SIBOS: Remittances

BANKS MAKE A BID FOR A GROWING MARKET

By Anita Hawser

Technological innovations and the rapid acceleration of globalization are driving a sharp increase in banks' interest in the remittances market.

We are on the cusp of something significant," says ...

TCM: Risks And Rewards

By Anita Hawser

Having survived one of the worst recessions on record, companies understand better than ever that treasury management is important for improved efficiency, whether through tightening their accounts-receivable or accounts-payable processes to unlock working capital or limiting the ...

TCM: Braced For Turbulence

FX EXPOSURE MANAGEMENT

Currency volatility is increasing, and companies are finding that more than ever they need to have an effective FX hedging strategy in place.


By Anita Hawser

Frank Pirozzi is the assistant treasurer at Red Hat, a Raleigh ...

Top Firms Spurn Bank Finance

EUROPE

By Anita Hawser

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No thank you: Companies reject costly bank loans

Investment-grade companies are shunning bank lending and opting instead for the bond markets in order to raise financing, a report by Fitch Ratings says. Based on a survey ...

Turbulence Indices Provide Risk Insight

GLOBAL

By Anita Hawser

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State Street’s Will Kinlaw

Stress testing risk models and investment portfolios for extreme market events has certainly come into vogue in the wake of the financial crisis. Banks’ risk models were criticized for focusing too ...

IMF Identifies Reasons For Markets' Resilience

NEWSMAKERS: EMERGING MARKETS

By Anita Hawser

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Rosy future: Emerging hubs such as Mumbai recovered fast

As the dust continues to settle following the recent global financial crisis, the International Monetary Fund is attempting to explain why so many emerging economies ...

Lack Of Coordination Sets Stage For Regulatory Mayhem

NEWSMAKERS: GLOBAL

By Anita Hawser

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Anderson: Inconsistent regulation raises risks

It’s official. Political leaders across the G20 group of countries are ready to make the banks pay for the financial crisis. At the G20 summit in Toronto toward the ...

Best Supply Chain Finance Providers 2010

ANNUAL SURVEY —BEST SUPPLY CHAIN FINANCE PROVIDERS 2010

Joining The Chain Gang

By Anita Hawser

The leading players in the supply chain finance business demonstrate the benefits of innovation and commitment to a growing market.

gf A lot of the hype ...

Gulf Report: Game Changer

ISLAMIC FINANCING BREAKTHROUGH

By Anita Hawser

GAME CHANGER

The arrival of the first globally standardized documentation for privately negotiated Islamic hedging products marks a major breakthrough in Islamic finance and risk management.

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Compared to the conventional financial markets, Islamic finance ...

Foreign Exchange Trading

SPOTLIGHT: TRADING UP

Technology is revolutionizing foreign exchange trading and providing ever-increasing opportunities in the world’s biggest financial market.


By Anita Hawser

tu1 Electronic trading has revolutionized markets. In the equities markets, algorithmic trading platforms, high-frequency trading and smart order ...

Enabling Efficiency

ENABLE EFFICIENCY

eif1 Welcome to the first Technology & Treasury Management Supplement Global Finance has published. We recognize that technology has always been a key enabler of treasury management, with treasury management workstations and enterprise resource planning (ERP) systems facilitating the everyday ...

Private Equity Focuses On Emerging Opportunities

MILESTONES: EMERGING MARKETS


Private Equity Focuses on Emerging Opportunities

By Anita Hawser

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Thunell: Extolling the virtues of emerging markets

While developed markets flounder in a post-crisis quagmire of sovereign debt, developing markets are enjoying much better times—and private equity ...

Market Forces

FOCUS: ISLAMIC FINANCE IN ASIA

A centralized approach to Islamic finance is helping Asia develop an industry that may challenge the Middle East as the global hub.

By Anita Hawser

mf2 The Middle East is often thought of as the spiritual ...

Milestones: IMF Adds Voice To Systemic Risk Debate

Global

By Anita Hawser

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Reid: Imposing strict limits might impede growth

With the concept of systemic risk still preoccupying global banking regulators, the International Monetary Fund has weighed in on the debate with some suggestions for far-reaching and surprisingly stringent ...

Features: Awards–Best Emerging Market Banks 2010 Asia

ASIA

By Anita Hawser


REGIONAL WINNER : HSBC

c_asia As regional and foreign banks look to Asia to grow their business beyond their domestic markets, competition is heating up in the region. Traditionally a strong provider across 20 or so Asian markets ...

Features: Focus - Trade Finance

REBUILDING TRUST IN TRADE

Trade finance is stabilizing, but caution is the watchword in an industry still reeling from the effects of the financial crisis.

By Anita Hawser

Throughout the financial crisis, trade finance, that unglamorous function within a bank ...

Milestones: Sovereign Funds Benefit From Global Bounce

Global

By Anita Hawser

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Abu Dhabi: Home of the world’s biggest sovereign wealth fund

While the past couple of years have been challenging, to say the least, for investment funds in general, sovereign wealth funds (SWFs), some of which ...