2014

SIBOS 2014: DIGITAL BY DESIGN

SIBOS 2014: DIGITAL BY DESIGN

SIBOS SUPERSECTION 2014 | THE INNOVATORS
Global Finance presents its second annual look at some of the key innovations over the past year within the transaction services space. We make use of the OECD’s Oslo Manual of Innovation, along with submissions, key research and the input of experts, to evaluate those banks and service providers that stand out in terms of innovation over the past year.

Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given ...

2013

Global Equity Index % Change, 2003-2012

Standard & Poor’s (S&P) Global Equity Indices measure the US dollar price change in the stock markets covered by the S&P Global Broad Market Index (BMI) and the S&P Frontier Broad Market Index (BMI).   The Global BMI consists of ...

Payment Instruments: E-Payments

Electronic payment can refer just to e-commerce--or payments for buying and selling goods or services offered online--or to any type of electronic funds transfer. It includes such payment channels as direct debit, e-money, card payments, and credit transfers. By Valentina ...

Payment Instruments: Card Payments

According to the Bank for International Settlements, card-based payment products are electronic money products that provide the customer with a portable, specialized computer device, typically an integrated circuit card containing a microprocessor chip. By Valentina Pasquali and Denise Bedell – ...

Payment Instruments: E-Money

The European Commission Office of Internal Markets defines e-money--or electronic money--as the digital equivalent of cash, stored on an electronic device or remotely at a server. By Valentina Pasquali and Denise Bedell – Project Coordinator: Denise Bedell and Alessandro Magno ...

Payment Instruments: Direct Debits

​ According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or pre-authorized payment (PAP.) By Valentina ...

Payment Instruments: Credit Transfers

According to the BIS, a credit transfer is a payment order made for the purpose of placing funds at the disposal of the beneficiary, with the payment instructions and funds moving from the bank of the payer/originator to the bank ...

Payment Instruments: Checks

According to the Bank for International Settlements, a check is a written order from one party (the drawer) to another (the drawee, normally a bank) requiring the drawee to pay a specified sum on demand to the drawer or to ...

Payments Volumes Worldwide

​​ According to the Bank for International Settlements (BIS), a payment system consists of a set of instruments, banking procedures and, typically, interbank funds transfer systems that ensure the circulation of money. More simply, it is a system to handle ...

Best Countries for Doing Business 2013

​ The ease with which companies can start and run their businesses correlates with countries’ regulations and protection of property rights, according to the World Bank’s Doing Business 2013 report. In 2013 like in 2012, Singapore ranks first for the ...

Corporate Tax Compliance Regime 2013

In addition to tax rates , another factor of importance to companies is the amount of time and effort spent on tax compliance and reporting. According to the latest PWC ranking, the product of a study ran in partnership with ...

Corporate Tax by Country

Taxes paid by corporations can be measured in a number of ways, including the marginal corporate tax rate and the total taxes paid as a percentage of profits . The highest marginal corporate tax rate , which we consider here, ...

Annual Supplement: Technology & Treasury Management

ADAPT TO SURVIVE Being innovative is much more difficult to achieve than it is to discuss. Particularly in the highly complex, highly structured environment of the average transaction bank. Add in ever-tightening purse strings and the absolute requirement to get ...

Economic Freedom by Country – 2013 Ranking

The Index of Economic Freedom is published annually by The Wall Street Journal and The Heritage Foundation, a conservative-leaning think tank in Washington DC, and it tracks levels of economic freedom around the world. First launched in 1995, the index ...

External Debt in Countries Around the World

External debt (also called "foreign debt") is the portion of total country debt that is owed to creditors outside of the country. The debtors can be the government, corporations or private households. The creditors include private commercial banks, other governments ...

Composition of Foreign Exchange Reserves, 2003-2012

According to the OECD, foreign exchange rate reserves are the stocks of foreign currency denominated assets plus gold held by a central bank. More simply, they are the assets of the central bank held in currencies outside the home country ...

Foreign Direct Investments by Country and Region

​ Foreign direct investment (FDI) is a lasting investment into a country by an investor located in a different country. There are two types of FDI: inward and outward foreign direct investments. They result in a net FDI inflow, which ...

Mergers & Acquisitions – Top Financial Advisers 2012

Financial advisers are often key players in merger and acquisition deals, and, working alongside interested companies, they reap great profits from them. According to Thompson Reuters, in 2012 Goldman Sachs dominated this sector, coming in as the top investment bank ...

Unemployment Rates in Countries Around the World

The official unemployment rate is defined as the number of unemployed persons divided by the total labor force (which is the sum of unemployed persons and employed persons). Unemployment is an economic condition in which individuals actively seeking jobs remain ...

Largest M&A Deals 2012

The term Mergers and Acquisitions (M&A) refers to the buying, selling, dividing and combining of different companies and similar entities by corporations, with the goal of growing more rapidly and efficiently. It is a trend spurred by increased global integration ...

World’s GDP Growth by Region

The gross domestic product (GDP) of a country can be defined as the value of the total final output of all goods and services produced in a single year within a country's boundaries. The growth is expressed as a percent. ...

International Reserves of Countries Worldwide

International reserves are a country’s “external assets”—including foreign currency deposits and bonds held by central banks and monetary authorities, gold and SDRs. The top 10 holders of international reserves account for nearly two-thirds of the world’s total foreign currency reserves. ...

GDP Growth for the Major Economies of the World

The gross domestic product (GDP) of a country can be defined as the value of the total final output of all goods and services produced in a single year within a country's boundaries. The growth is expressed as a percent. ...

Countries with the Lowest Average GDP Growth, 2003-2013

The gross domestic product (GDP) of a country can be defined as the value of the total final output of all goods and services produced in a single year within a country's boundaries. The growth is expressed as a percent. ...

Countries with the Highest GDP Average Growth, 2003-2013

The gross domestic product (GDP) of a country can be defined as the value of the total final output of all goods and services produced in a single year within a country's boundaries. The growth is expressed as a percent. ...

2012

Transaction Processing Awards Ceremony

WORLD’S BEST TRANSACTION PROCESSING PROVIDERS 2012 LOCATION OSAKA, JAPAN Global Finance held its Transaction Processing awards ceremony in Osaka in October, during the annual Sibos technology conference. Financial and service leaders from around the world were present to accept their ...

Largest Sovereign Funds (SWFs) – 2012 Ranking

A Sovereign Wealth Fund is a state-owned investment fund comprising financial assets such as stocks, bonds, real estate or other instruments and funded by foreign exchange assets. In the latest 2012 ranking, the Abu Dhabi Investment Authority tops the list ...

Personal Income Tax Rates

The OECD defines tax as a compulsory unrequited payment to the government. A taxable base is the base amount on which the tax rate is applied—such as corporate income, personal income, or property. One commonly used tool for comparing taxation ...

Outstanding OTC Derivatives Volumes 2009-2011

According to the International Swaps and Derivatives Association (ISDA), a derivative is a risk transfer agreement, the value of which is derived from the value of an underlying asset. More simply, a derivative is a contract between two parties where ...

Household Tax Rates

The tax wedge is the ratio of total labor taxes to total labor costs. It is often lower for families with children and single parents with children than for individuals or couples without children. The tax wedge has an impact ...

Trade Flows Little-Affected By Japan-China Dispute

Trade flows between China and Japan have not—yet—been materially affected by an ongoing territorial dispute, according to Sibos attendees. John Ahearn, global head of trade at Citi Transaction Services, said in an interview with Global Finance: “It is just saber-rattling. ...

SIBOS 2012

SWIFT AND EFFICIENT By Denise Bedell More companies than ever are now connecting directly to their banks and counterparties via the global SWIFT messaging system—970 corporates worldwide, at last count. That figure may seem small, but these are the companies ...

Treasury & Cash Management Supplement

RISK CONVERGENCE Unsurprisingly, risk is a key theme for our Seventh Annual Treasury & Cash Management supplement. 'Hurry up and wait' has been the prevailing message from global markets, and treasurers are responding in myriad ways to the changing environment ...

Cross-border M&A Deals Over US$3 Billion - 2011

Cross-border M&A deals involve companies based in two different countries. According to Thompson Reuters, these transactions had a worldwide value of US$908.4 billion in 2011 and comprised 35.3% of overall M&A activity . This means that they stayed flat compared ...

The Happiest Countries in the World

The Happiest Countries in the World

There are a variety of different methodologies being used to study the relatively new field of Happiness Economics. Global Finance presents here results from the 2012 Happy Planet Index and the 2012 OECD Better Life Index with particular reference to ...