Governance, Regulation & Compliance
Cover Story | Compliance
As the US has extended its regulatory reach beyond its own borders, other jurisdictions have followed its lead. Global corporations face an ever-growing burden in maintaining compliance with increasingly complex regulatory and reporting regimes. This is affecting their budgets, their structuring and also their strategy.
Trends | Islamic Finance
Islamic finance has seen tremendous growth over the past few decades.
By deciding to devote our cover story to compliance this month we focus on a key element in the DNA of this magazine: Managing compliance is increasingly a global issue for corporates and financial institutions.
Global Finance talked money laundering, Cuba and banking regulation with David Schwartz, president and CEO of the Florida International Bankers Association, a nonprofit representing financial institutions in the US, Latin America, the Caribbean and Europe.
Capital Markets | Equity Capital Raising
Eureeca, the first global equity crowdfunding company, with offices in London and Dubai, received regulatory approval from the UK’s Financial Conduct Authority to operate in Britain.
Banking | Europe
In its first round of QE, the ECB said that the bonds of only seven European financial institutions were eligible—until further revision, which won’t happen until at least April 15.
Management | Cash Management
New liquidity rules for banks may force multinational clients to hold more cash in local branches.
Global Finance’s first annual ranking of the top-performing companies in the Middle East shows how much of the region is still in the early stages of reducing its dependence on oil.
Trends | US Dollar/Corporate Earnings
As corporate guidance goes, it was not the most upbeat news ever.
Development in the Middle East, and the Gulf Cooperation Council countries in particular, is being fueled by the growth of Islamic finance.
Country Report | Taiwan
The nation’s banks have benefited from a strengthening economy, but now they must look overseas for growth. And there lies more risk.
Country Report | India
Indian growth and development hold great promise. And policymakers look set to unlock that potential.
Management | Corporate Reporting
For Petróleo Brasileiro, or Petrobras, as the giant Brazilian oil company is called, the time to present audited 2014 results, including the write-downs associated with the highly publicized historical corruption scandal, is running out.
Milestones | Greece
On March 3, the European Bank for Reconstruction and Development approved a request from Athens to invest directly in Greece.
As banks find their margins squeezed on traditional lending and payments activities, nonbank credit and financing—supported by technological innovation—is growing exponentially.
At first glance, Central Asia’s banking sector looks like somewhere you just wouldn’t want to go.