2004

Cover Story : World’s Best Banks

THE WORLD’S BEST GLOBAL BANKS A growing global economy made it some-what easier to be a banker in the past 12 months, as credit risks generally de-clined and de-mand for bank-ing services was brisk. The skills of the world’s bankers ...

Milestones : Low Productivity Costs The British Economy Billions

United Kingdom Perceptions of the UK’s international competitiveness have suffered a blow with studies indicating that low productivity is costing the economy £87 billion annually. According to a study conducted by Proudfoot Consulting, the banking and finance industry is among ...

Newsmakers : Hedge funds under increasing scrutiny

United States An SEC proposal to register hedge fund advisers has received a mixed response, with some welcoming it as long overdue and others saying it could impose a regulatory burden that would mean the SEC was less able to ...

Newsmakers : Companies told to pull their sox up

EUROPE Lewis:“Producing correct numbers may be impossible” with the first Sarbanes-Oxley (SOX) deadline imminent, analysts and systems vendors paint a picture of companies struggling to comply with regulators’ requirements for higher levels of visibility and transparency into company financials. SOX, ...

Milestones : British Banks Take Flak Over Equator Principles

UNITED KINGDOM Down the tubes: Banks find principles are tough to apply Just one year after signing on to the Equator Principles, the UK’s Royal Bank of Scotland (RBS) has found itself at the center of a storm over the ...

Features : Arrested Development

With their educated workforce and low costs, the Baltic states present some of the most interesting FDI opportunities in Europe. So why are they still struggling to attract investment? Two years ago, a British laboratory equipment manufacturer, Grant Instruments, stumbled ...

Newsmakers : Businesses Focus On Customer Service Risk

EUROPE The Enron accounting scandal may have sparked a wave of knee-jerk regulatory measures (Sarbanes- Oxley,FAS 133),but Europe’s top 1,000 companies are more concerned with the risks associated with poor customer service, a new study indicates. Despite the current preoccupation ...

Features : Breaking With The Bank

In-house banks are becoming increasingly popular among larger multinational corporations. They may not work for all big companies, though. Petroleum giants BP and Shell each have one. So do Dutch electronics company Philips and the US communications network provider Lucent. ...

Features : Asia’s Other Tiger

India recently overtook China as Asia’s fastest-growing economy. It’s showing no signs of slowing down. India has long been a land of stark contrasts, and its recent economic growth has only added to them. Although constrained by poverty and third-world ...

Features : Outward Bound

The market for outsourcing treasury services is snowballing as products become more refined and corporations grow more confident in the process. Outsourcing has become a hot topic in the American media only in the past few months, but in 1989, ...

Features : Brought to Book

New accounting rules covering derivatives and hedging transactions will have profound implications for corporations. They may affect the viability of some common transactions. Rob de Gidlow, treasury consultant for JPMorgan Treasury Services Even before accounting scandals such as Enron unfolded, ...

2003

Features : CLS: Settling for Less

CLS Bank was introduced to address foreign exchange settlement risk in the interbank market,but its risk-reduction and netting benefits could find wider application among corporate treasurers and fund managers. The specter of foreign exchange settlement risk has preoccupied the international ...