Global Finance’s annual list of Who’s Who in Foreign Exchange.
Europeans dominate Global Finance’s Safest Commercial Banks ranking.
Newsmakers | United Kingdom
After a bumpy ride, the UK’s candidate, lord Jonathan Hill, has been confirmed by the European Parliament as commissioner for financial stability, capital markets and financial services.
Milestones | Myanmar
After five decades of economic isolation, on October 1, Myanmar took its first big step into the global financial system, granting nine foreign lenders preliminary approval to operate in the country.
Trends | CryptoCurrencies
There are potential benefits that bitcoin or bitcoin-like technology—as opposed to the cryptocurrency itself—could bring to the derivatives marketplace.
The globe’s financial systems are still vulnerable to contagion. Critics say regulators are unlikely to fix the problem unless they shift gears.
Capital Markets | Middle East Equity
The Middle East is experiencing a boom in initial public offerings, following years of relative inactivity since the global financial crisis. The area’s IPO markets began to recover in the fourth quarter of last year, and new share issues are now coming at a fever pitch, despite falling oil prices that could threaten regional economies.
COUNTRY REPORT | TURKEY: BANKING
Turkey’s president is not a fan of them, and an increasing tide of regulation and a growing debt profile make for a difficult operating environment for Turkish banks.
MILESTONES | CHINA
China Huarong Asset Management, a bad bank set up during the credit bust of the 1990s, has turned out to be the mystery investor that bailed out shadow-banking product Credit Equals Gold No. 1.
NEWSMAKERS | SPAIN
Less than 24 hours after the sudden death, in September, of her father Emilio Botín, widely recognized as one of the shrewdest, most successful bankers in modern history, Ana Patricia Botín was unanimously named by the board to take the helm of Banco Santander, an institution that has been under the control of her family for three generations.
MILESTONES | UNITED KINGDOM
Technology derived from medical scanning is being used by a UK bank in the fight against cybercrime and identity fraud.
TREASURY & CASH MANAGEMENT | GLOBAL TRANSACTION BANKING
With transaction banks in a state of global change, what is the impact for corporates?
TREASURY & CASH MANAGEMENT | ABOUT THE SUPPLEMENT
I would like to say that there has been a big change over the past year in terms of how companies are making use of their cash. But that is not the case.
TRENDS | US BANKING
TREASURY & CASH MANAGEMENT | PAYMENTS: POST-SEPA
The SEPA migration deadline may have passed, but most companies have yet to gain the full benefits offered by the Single Euro Payments Area initiative. Now would be a good time for treasurers to ask how they can get more out of their SEPA investments.
TREASURY & CASH MANAGEMENT | GLOBAL FINANCE CASH 25
The Global Finance Cash 25 ranks public companies by cash, cash equivalents and short-term securities on their balance sheets. Data is gathered from more than 70,000 public companies worldwide. It is a ranking of nonfinancial corporations—we exclude financial institutions from the list.
TRENDS | SNAPSHOT: PANAMA