Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.
Governance, Regulation & Compliance
RISK MANAGEMENT: ENVIRONMENTAL INSURANCE
The threat of corporate environmental liability incidents is increasing as new regulations—and new risks—take hold.
FRONTIER MARKETS REPORT: KUWAIT
Kuwaiti legislature has cut red tape and is offering more inducements for FDI. But is the rest of the regime on board?
When, on March 18, longtime Canadian Finance minister Jim Flaherty unexpectedly announced his resignation, few were perhaps more surprised than his soon-to-be successor, Joe Oliver, the 73-year-old minister of Natural Resources.
Brazilian Finance minister Guido Mantega may be dealing with both internal and external headwinds, but he—and Brazil—are still standing.
NEWSMAKERS By Valentina Pasquali Headed by 39-year-old prime minister Matteo Renzi, Italy’s new government is the youngest in the country’s history. But at the helm of the ministry of Finance is an official with a lot of stripes—the former chief ...
THE BIG, THE BAD AND THE SAFEST By Hilary Johnson At Global Finance ’s monthly Salon, Richard Bove, bank analyst at Rafferty Capital and author of the book, Guardians of Prosperity: Why America Needs Big Banks , spoke about overregulation ...
NEWSMAKERS By Forrest Jones Alberto Arenas returns to government as Finance minister with some big plans for a country looking to enact education, labor and other reforms. A budget director during Chilean president Michelle Bachelet’s first term in office from ...
MILESTONES By Ronald Fink Fiat-Chrysler’s move from Italy to London, and the plans of other multinationals to relocate to the United Kingdom, cements the UK’s newfound international tax status. The car manufacturer’s recent decision to shift its tax domicile from ...
MILESTONES By Forrest Jones Few things polarize policymakers like free-trade agreements, especially the North American Free Trade Agreement (NAFTA) linking the United States, Canada and Mexico. Critics of the agreement feared it meant jobs and industries would relocate to underdeveloped ...
The prospect of US Fed “tapering” is still taking its toll on Indonesia and India, as both nations face mounting deficits and international pressure for structural reform.
North Korea has taken modest steps in recent weeks to liberalize its economy by introducing new special economic zones (SEZs), loosening currency exchange restrictions and strengthening foreign trade relationships.
As African countries increasingly appear on investors’ radars, the world’s newest country, South Sudan, is forging ahead with its drive to attract foreign investment.
When Apple announced back in October that it had hired Burberry CEO Angela Ahrendts to lead its retail operations, the initial shock among analysts and investors wore off quickly. Though it was a surprise move, it made perfect sense.
Doing Business: Who Improved The Most In 2012/13 “In 2012/13, 29 economies implemented three or more reforms improving their business regulatory systems as measured by Doing Business. Ten stand out as having narrowed the distance to frontier the most. Together, ...
Global Finance sat down with John Alan James, executive director, Pace University Center for Global Governance, Reporting & Regulation. James’s distinguished career in management consulting, governance and academia spans 25 years in Europe and more than 20 years in Asia.
The Reserve Bank of India wants foreign banks operating in India to convert into wholly-owned subsidiaries and enjoy “near-national” treatment.