Global news and insight for corporate financial professionals
WHO'S REGULATING THE REGULATORS? By Justin Keay Regulation tends to be reactionary: Regulators get in on the game after events have already happened. The jury is still out on the effectiveness of a lot of the regulation introduced in the ...
NEWSMAKERS: UNITED STATES By Luca Ventura Sheila Bair is determined to turn up the heat on regulators and accelerate financial reforms. Bair: protecting the US economy from the next crisis Photo Credit : ALBERT H. TEICH/ Shutterstock.com ...
GOVERNMENT TO SELL OFF STAKES, REDUCE DEFICIT By Aaron Chaze The administration announced renewed efforts to sell stakes in government-run companies in order to reduce the fiscal deficit. It plans to raise INR300 billion ($5.4 billion) by ...
MILESTONES: GLOBAL By Joel Kranc With Spanish banks accepting bailouts to shore up their balance sheets and the eurozone crisis showing no signs of abating, global firms are looking for alternative financing options to maintain liquidity buffers. ...
POLITICS AND THE SOVEREIGN RATING By Michael Shari The debate rages on as to whether recent sovereign downgrades were politically motivated, or whether the ratings agencies were simply slow to act on decisions made long before. Stakeholders worldwide are ...
RESTORING TRUST By Paula Green Custodians are dealing with the impact of major regulatory reforms and a loss of confidence in investors' services safety after the devastation of the MF Global debacle. The expanding web of government ...
NEWSMAKERS: UNITED KINGDOM By Anita Hawser Hogg: Code will be catalyst In the wake of the financial crisis, which highlighted the need for higher levels of engagement between the boards of companies and significant shareholders, corporate governance is ...
United States By Gordon Platt All change: Climate risk moves up the corporate agenda The US Securities and Exchange Commission opened a can of worms with its decision to require companies to consider the effects of climate change ...
COVER STORY: FINANCIAL REGULATION By Justin Keay Businesses can expect to see their top-line costs rise under new banking regulations in the US and Europe. Will it be money well spent? If in pre-credit-crunch days policymakers uttered ...
NEWSMAKERS: GLOBAL By Anita Hawser Anderson: Inconsistent regulation raises risks It’s official. Political leaders across the G20 group of countries are ready to make the banks pay for the financial crisis. At the G20 summit in Toronto toward ...
NEWSMAKERS: GLOBAL By Laurence Neville The focus of regulatory reform in the wake of the financial crisis has inevitably been on the banking sector. Equally, most analysis of regulatory reform has addressed the impact of regulatory change on ...
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 ...
Global By Anita Hawser Johns: Compliance is key to avoiding another crash Senior banking and compliance officers surveyed by compliance solutions provider Complinet are already talking about the next financial crisis, which they believe will happen within ...
Tomorrow’s Battleground For Banks Banks and regulators worldwide are starting the new decade at loggerheads, but signs are slowly beginning to emerge that point to the future shape of regulation. By Nick Kochan Banks are on the ...
President Obama's determination to do "whatever it takes" to rebuild the economy appears to be paying off. But it is his actions across the whole range of policy initiatives that will have the greatest impact on global corporations. By ...
CENTRAL BANKER REPORT CARDS 2008 ANNUAL SURVEY/ CENTRAL BANKER REPORT CARDS Contributors: Antonio Guerrero, Anita Hawser and Gordon Platt History will judge whether the actions taken by central bankers during the past year to rescue financial institutions from the clutches ...
SPOTLIGHT CORPORATE FRAUD Crumbling asset values and wild volatility have left a trail of disaster in their wake. They also exposed some truly shocking frauds. Abbey: “If something sounds too good to be true, it probably is” In ...
BITTER MEDICINE GLOBAL REGULATION The case for global regulation of the banking and finance industry has become much stronger as a result of the recent crisis. The prospect of creating a workable system, though, is as remote as ...
UNITED KINGDOM Darling: Favors a collegiate cross-border regulation system. Britain’s chancellor of the exchequer Alistair Darling has been criticized for his handling of the Northern Rock bailout, and he is the subject of an Internet campaign ...
Changes in regulations are forcing top corporate executives to focus on beefing up their companies’ data security. As IT and information security become ever more critical to the success of any organization, they are no longer just the concern of ...