Magazine Cover

Cover Story

Mapping The Bank Regulation Maze

COVER STORY: BANKING

Bankers and regulators are beginning to lay out the future structure of the global financial industry. In the short term, it is set to be a deeply confusing place.

By Nick Kochan


It must never happen again ...

Emerging Markets Roundup

Features: Custody Buyer's Guide

GLOBAL & SUB-CUSTODIANS


Global Finance presents its annual sponsored guide to the leading providers in the global and sub-custody market.

GLOBAL CUSTODIANS

BNP Paribas Securities Service

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Features_Buyers-guide

Custody Assets:

2009: $5.8 trillion

2008: $4.7 trillion

Ratings: Moody’s Aa2, S ...

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 ...

Features: Sponsored Roundtable - Sub-Custody

A CHANGING LANDSCAPE

Sub-custodians are finding new ways to serve their clients as the shape of the post-crisis landscape becomes clearer.


Moderated by Joseph Giarraputo


Global Finance: What are the latest technology developments we should be aware of, and what ...

Best Developed Markets Banks Awards

TOP BANKS BOUNCE BACK


After two dismal years, the banking industry in the world’s developed markets is flourishing again.

By Laurence Neville

The recovery of the financial markets from March 2009 (and earlier in the case of many emerging ...

Emerging Markets: Africa

Roundup

By Antonio Guerrero

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Nigerian central bank’s energy fund has caused controversy

South Africa’s $2 billion dollar-denominated sovereign bond issue in March marked the country’s largest-ever foreign-currency-denominated security. The 10-year paper carries a 5.5% coupon, which ...

Emerging Markets: Brazil

Roundup

By Antonio Guerrero

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Meirelles: Reining in Brazil’s stimulus measures

Brazil’s central bank moved to tighten monetary policy by raising bank reserve requirements on term deposits from 13% to 15% as of April 9. The central bank had ...

Emerging Markets: China

Roundup

By Thomas Clouse

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Brighter future: China promises better deal for rural citizens

China’s top legislator has pledged to improve social services and better balance rural and urban political representation. Wu Bangguo, chairman of the Standing Committee of the ...

Emerging Markets: Emerging Equity And Bond Fund Flows Rise

Investor: News

By Gordon Platt

Investor flows into emerging market bond funds passed the $5 billion mark for the year to date in the week ended March 10 after posting their biggest weekly inflow in more than a decade, according ...

Emerging Markets: India

Roundup

By Aaron Chaze

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Calling plan: Bharti Airtel is expanding into new markets

As the Indian wireless markets become ever more competitive, local companies are looking overseas for potential growth. South Asia’s largest wireless carrier, Bharti Airtel, for example ...

Emerging Markets: Middle East

Roundup

By Gordon Platt

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Signs of growth: Baghdad hosts a procession of bankers

The International Monetary Fund approved a $3.6 billion loan for Iraq, the largest such loan the country has received. The two-year standby agreement will help Iraq ...

Emerging Markets: Nectar Lifesciences' GDR Raises Funds For Expansion

Investor: DR News

By Gordon Platt

Nectar Lifesciences, based in Chandigarh, India, makes active pharmaceutical ingredients (APIs), generic drugs and phytochemicals, such as mint derivatives, including menthol. In order to expand its generic pharmaceutical business and build new manufacturing plants ...

Emerging Markets: Russia

Roundup

By Kim Iskyan

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In a jam: Economic crisis hit Russia’s car market hard

In late February prime minister Vladimir Putin rebuked four Russian oligarchs with significant investments in the country’s power sector for not following through on ...

Milestones

Milestones: Export Growth Negates Taiwan Rescue Plan

Taiwan

By Thomas Clouse

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Bellwether: DRAM sales portend export upswing

Taiwan’s government dropped plans to restructure its dynamic random access memory (DRAM) industry last month after export growth and rising prices helped several of the island’s DRAM producers ...

Milestones: Lehman Report Boosts Case For Global Banking Reform

United States

By Gordon Platt

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Valukas: Report raises fears over systemic risk

The Valukas Report on the collapse of Lehman Brothers, a nine-volume, 2,200-page document that cost $38 million to produce, was worth every penny. The comprehensive “post mortem ...

Milestones: Reconstruction Spending Shores Up Economy

Chile

By Antonio Guerrero

Regulars_Newsmakers6

Piñera: Hoping to promote economic growth, despite crisis

The massive earthquake and subsequent tsunami that hit Chile in late February caused hundreds of deaths, as well as destroying some 500,000 homes and damaging infrastructure. Yet ...

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 ...

Features

Features: Analysis - Accounting Standards

CONVERGENCE OR CONVERSION?

Multinational corporations face a less confusing future as US and international groups work toward accounting standards convergence.

By Amy E. Buttell

After 15 long months, the US Securities and Exchange Commission (SEC) in February finally tackled the ...

Features: Custody Buyer's Guide

GLOBAL & SUB-CUSTODIANS


Global Finance presents its annual sponsored guide to the leading providers in the global and sub-custody market.

GLOBAL CUSTODIANS

BNP Paribas Securities Service

Features_Buyers-guide7

Features_Buyers-guide

Custody Assets:

2009: $5.8 trillion

2008: $4.7 trillion

Ratings: Moody’s Aa2, S ...

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 ...

Features: Regional Report - Southeast Asia

A FORCED TO BE RECKONED WITH

The economically vibrant nations of Southeast Asia are forging closer links—and creating a regional powerhouse in the process.

By Thomas Clouse


Features_Force-Reckoned

While the world has focused its attention on China and India’s ...

Features: Sponsored Roundtable - Sub-Custody

A CHANGING LANDSCAPE

Sub-custodians are finding new ways to serve their clients as the shape of the post-crisis landscape becomes clearer.


Moderated by Joseph Giarraputo


Global Finance: What are the latest technology developments we should be aware of, and what ...

Corporate Finance

Corporate Finance: Corporate Debt

HIGH-YIELD DEFAULT RATE COMING DOWN

By Gordon Platt

The high-yield bond spread over US treasury securities is narrowing in anticipation of a steep decline in the default rate for below-investment-grade companies.

Once the corporate sector is capable of sustaining economic ...

Corporate Finance: Foreign Exchange

DOLLAR’S RISE SLOWS AS DEBT PANIC IN EUROPE EASES

By Gordon Platt


The ability of Greece to raise significant funds in the bond market helped to calm investors’ nerves over the sovereign debt crisis in Europe last month, providing ...

Corporate Finance: Global Equity/DRs

BRIC COUNTRIES TO LEAD CAPITAL RAISINGS USING DEPOSITARY RECEIPTS IN 2010

By Gordon Platt

Regulars_Global-Equity

If central banks and government agencies around the world can exit accommodative monetary and fiscal policies smoothly, 2010 could be a good year for capital raising ...

Corporate Finance: M&A

BANKRUPT MALL OPERATOR WEIGHS OFFERS

By Gordon Platt

Simon Property Group, the largest US mall operator, is seeking to take over rival General Growth Properties and take it out of bankruptcy. The battle of the mall operators has taken a ...

Newsmakers

Milestones: Export Growth Negates Taiwan Rescue Plan

Taiwan

By Thomas Clouse

Regulars_Newsmakers4

Bellwether: DRAM sales portend export upswing

Taiwan’s government dropped plans to restructure its dynamic random access memory (DRAM) industry last month after export growth and rising prices helped several of the island’s DRAM producers ...

Milestones: Lehman Report Boosts Case For Global Banking Reform

United States

By Gordon Platt

Regulars_Newsmakers7

Valukas: Report raises fears over systemic risk

The Valukas Report on the collapse of Lehman Brothers, a nine-volume, 2,200-page document that cost $38 million to produce, was worth every penny. The comprehensive “post mortem ...

Milestones: Reconstruction Spending Shores Up Economy

Chile

By Antonio Guerrero

Regulars_Newsmakers6

Piñera: Hoping to promote economic growth, despite crisis

The massive earthquake and subsequent tsunami that hit Chile in late February caused hundreds of deaths, as well as destroying some 500,000 homes and damaging infrastructure. Yet ...

Milestones: Sovereign Funds Benefit From Global Bounce

Global

By Anita Hawser

Regulars_Newsmakers8

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 ...

Newsmakers: Europe Considers Emergency Aid Fund

Europe

By Justin Keay

Regulars_Newsmakers3

Schäuble: Europe should
be able to save itself

Growing concern over the indebtedness and burgeoning fiscal deficits of some European countries has led Germany’s finance minister, Wolfgang Schäuble, to propose the establishment of a European ...

Newsmakers: London Legend's China Gamble Sparks Controversy

United Kingdom/Hong Kong

By Jonathan Gregson

Regulars_Newsmakers

Bolton: China is in an investment “sweet spot”

Not so very long ago, City of London folk looked down their noses at those bankers, entrepreneurs and businessmen who sought their fortunes in the ...

Newsmakers: Russia's New Plan For The Ruble

Russia

By Simon Watkins

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Shuvalov: Grand designs for Russia’s currency

While the rest of the world focuses on the future of the dollar and the euro—and perhaps the renminbi—Russia is hatching a plan that could markedly alter ...

Additional Stories

How Safe Is Your Safety Net?

INSURANCE FOCUS

The fallout from the financial crisis is prompting risk managers to take a cold, hard look at their insurance providers. Many do not like what they see.

By Paula L. Green

Don’t let that financial strength rating ...

The Middle East's Rapid Recovery

A Rapid Recovery

By Gordon Platt

me2

Demographics and hydrocarbons make the Middle East a dynamic region that is rapidly advancing, despite the debt overhang in Dubai. A young and fast-growing population is demanding jobs, and regional governments are responding with ...