Governance, Regulation & Compliance

Global Finance sat down with Brian Loughman, Fraud Investigation & Dispute Services (FIDS) Leader, EY Americas (formerly Ernst & Young), to discuss how greater regulation and increased efforts by countries to fight fraud are leading to greater demand for services by corporations around the world.

MANAGEMENT | TAX PLANNING
Gregory Wasson, president and CEO of Walgreen, says the company “concluded it was not in the best interest of shareholders to attempt to re-domicile outside the US” to cut its tax bill.

MANAGEMENT | PENSIONS
As people live longer, many companies are discovering that they have to pay pension benefits to retirees for longer than they had expected. Insurance companies are stepping in with new products that can help take this “longevity risk” out of corporate defined-benefit pension plans.

It is easy to dismiss the Yukos case as a temporary political and legal hurdle. But clearly the reality is more complex.

The sixth round of talks on the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union was held in Brussels on July 18 just as winds of political change have begun sweeping across the two continents.

SIBOS SUPERSECTION 2014 | THE INNOVATORS
Global Finance presents its second annual look at some of the key innovations over the past year within the transaction services space. We make use of the OECD’s Oslo Manual of Innovation, along with submissions, key research and the input of experts, to evaluate those banks and service providers that stand out in terms of innovation over the past year.

FINANCE & CAPITAL | MANAGEMENT: Accounting

THAILAND
When Thailand’s general Prayuth Chan-ocha seized power in a military coup in late May, he didn’t rely on the element of surprise

ASIA
The members of the Association of Southeast Asian Nations (Asean) are faced with important decisions over the organization’s future amid increasing conflicts between China and member states over territorial claims in the South China Sea.

FINANCE & CAPITAL | CAPITAL MARKETS: DEPOSITARY RECEIPTS

SIBOS SUPERSECTION 2014 | INTRODUCTION
The Sibos financial services conference—sponsored each year by the Society for Worldwide Interbank Financial Telecommunication (SWIFT)—will be held in Boston this year in September and, according to organizers, is likely to have a record turnout of attendees and media.

Egypt's President El-Sisi may have made his job a lot tougher by branding the Muslim Brotherhood a terrorist group.

We sat down with Fergus McCormick, head of sovereign ratings at DBRS, to discuss the rating agency’s outlook for global markets, sovereign ratings and how the firm differs from its competitors.
 

MILESTONES: EUROPE
The ECB grows up as it takes on bank supervisory powers.
 

COVER STORY: CRYPTOCURRENCIES
Still in their infancy, cryptocurrencies could change the way that companies manage payments for the goods and services that are the essence of global trade. As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting—or not adopting—digital currencies.

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.

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?

NBCUniversal is the latest in a long line of companies looking to take advantage of business process outsourcing for some of its finance functions.

Election Coverage: “Good days are here,” tweeted prime minister-designate Narendra Modi after he led the right-wing Hindu nationalist Bharatiya Janata Party to a landslide victory last Friday in India’s bitterly fought parliamentary elections.