Governance, Regulation & Compliance

Highly compensated Israeli bank executives feel harried by a new law placing limits on their salaries.  

Peru | Even though Pedro Pablo Kuczynski was elected Peru’s new president by a whisker, his victory was greeted with enthusiasm at home and abroad.

China’s recent efforts to make it easier for global investors to access its enormous stock markets in Shanghai and Shenzhen were not enough to persuade MSCI to include these “China A shares” in its widely followed Emerging Markets Index just yet.

European Union regulation will likely spark a talent war for data protection officers -- and lead to a shortage.

PORTUGAL | With a hefty debt overhang, Portugal can’t quit now on structural reform.

Striving to shake its oil dependence, Kuwait is opening up to foreign ownership. Will investors bite?

Samir Pandiri, executive vice president and CEO of asset servicing at BNY Mellon, explains how regulations and demand for seamless products are driving innovation.

From financial services to healthcare to tourism, the Emirates is exploring and expanding into new non-oil businesses.

Lee Waite, global head of direct custody and clearing at Citi, discusses the challenges in subcustody sparked by regulators’ increasing focus on worldwide financial transactions.

These are exciting times for the nations of the Gulf Cooperation Council (GCC), as the decline in oil revenues is forcing them to finally make dramatic changes to their oil-based economies.

Fintech collaborations may be on the verge of yielding concrete solutions for monitoring and compliance.

As sovereign issuers tried to lock in record-low interest rates ahead of any increases by the US Federal Reserve, a record amount of new sovereign bonds was sold in the first part of 2016.

Facing reputational risk and poor prospects, private banking operations are bailing on Russia and encouraging its wealthy to park their assets offshore. 

Even though the vote was a long time coming, few really prepared for the UK choosing Brexit. Now, business executives and political players are guesstimating the most likely scenarios and speculating how it will play out. 

British voters took a major leap into the unknown by voting to leave the European Union by the narrowest of margins. What does it mean for the economy of Britain, of Europe, of the world? 

Trends | Shadow Banking
Renaud Laplanche, Lending Club’s founder, chief executive and public face, resigned abruptly in mid-May. His resignation casts a pall over not only the peer-to-peer lender that claims to be the world’s largest online marketplace connecting borrowers and investors, but also the shadow banking industry as a whole.

Panama
The country has been a stellar performer in Latin America, but now a worldwide scandal about its massive offshore financial industry is putting Panama’s economic growth at risk.

Management | Corporate Culture
Several recent financial and corruption scandals have forced multinationals to develop comprehensive corporate conduct and compliance programs.

Management | Corruption
At the anticorruption summit held in London last month, world leaders pledged to fight tax dodging, boost transparency and redouble efforts to confiscate and repatriate stolen assets to many of the world’s poorest countries.

Iceland
The Panama Papers’ revelation that Iceland’s prime minister had offshore interests, including claims on Icelandic banks, caused outrage in this naturally volcanic island state.