Governance, Regulation & Compliance

The EU hit Apple with a tax bill, but it's not the only company in regulators' sights. McDonalds, Facebook, Google and Amazon are being called on the carpet about tax practices too.

BREXIT FALLOUT  | Britain’s vote to leave the European Union sent shock waves through global capital markets, but the increased volatility lifted trading revenue at big global banks and created a significant number of winners alongside the losers.

Singapore | The Monetary Authority of Singapore is establishing a new team to bolster monitoring of financial institutions and enforcement of rules against money laundering.  

Compliance | Know Your Customer obligations on corporate treasuries and their banking partners are rising. Can financial utilities alleviate the risk and cost?   

Regulations | Compliance in a shifting regulatory environment requires nimble responses. 

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

Paul Fleming, executive vice president and global head of securities finance at State Street, sees securities lenders experimenting to meet the cost of complying with Basel III. banking rules.

After 17 years of construction, the Gotthard Base Tunnel, connecting Northern and Southern Europe through the Alps, opened to great fanfare on June 1, and shone a light on years of lax investment in infrastructure by European nations generally. 

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.

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

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

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.

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.

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

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.

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

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.

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