News & Features Archive

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Economics, Policy & Regulation

THE ROAD TO CONVERGENCE

Global Finance sat down with Russell Golden, chairman of the Financial Accounting Standards Board, to discuss the current activities of the FASB—including its recently issued standard on revenue recognition, a joint effort with the International Accounting Standards Board (IASB).

Capital Raising & Corporate Finance

TORONTO, VANCOUVER PARTNER TO FORM RENMINBI TRADING HUB

TRENDS | RENMINBI TRADING Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.

Banking

TURKISH BANKS UNDER FIRE

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.

Capital Raising & Corporate Finance

UNLOCKING AFRICA’S RICHES

AFRICA 2014 | MINING Africa’s mining industry is on the verge of breaching limits historically imposed by political risk constraints.

Award Winners

WORLD’S BEST BANKS 2014

Global Finance unveils its annual list of the best banks globally, regionally and by country. The banking industry remains under stress, but there are bright spots.

News

In The News At Sibos 2014

Inside Sibos | Review As the dust settles from Sibos 2014, delegates may be asking if they missed anything essential. Here are some of the key announcements to emerge during the event:

News

Sibos 2014: It’s A Wrap

Inside Sibos | Review At this year's event held in Boston, there seemed to be a greater sense of urgency among the banks about the need for change.

Features

Trade Documentation Solutions To Drive EM Trade Growth

Inside Sibos | Review From a product perspective, a key area of commitment is related to trade documentation: “We have been active in this area for many years and it is undergoing transformation. I am convinced that BPO [bank payment obligations] will have success..."

Economics, Policy & Regulation

Asian Treasurers Match Strategy To Action

Inside Sibos | Day 3 The increasing sophistication of Asian corporate treasuries to buoy the rapid development of Asian companies is a message that has been growing in resonance in recent years, and it is once again a topic of discussion at this year’s Sibos conference.

Features

Seeing Opportunity In Obstacles

Inside Sibos | Day 3 “Global Transaction Banking is the fastest growing unit in Société Générale,” says Christian Behaghel, head of GTB at Societe Generale. “It is a very stable business, and while we generate something like 6% of the total revenue of the bank, we are experiencing growth of our revenue of 10-15% a year.” This compares, he says to some areas of retail banking that have 0-2% growth a year.

Economics, Policy & Regulation

Trade Finance Goes Digital

Inside Sibos | Day 3 This year’s Sibos event is set to see a greater focus on the use of technology to support trade. Since the launch of the Bank Payment Obligation (BPO), and the publication last year of the Uniform Rules for Bank Payment Obligation (URBPO) by the International Chamber of Commerce, adoption of the new instrument has been gradual—but across the industry there is increasing focus on how technology can be deployed in an area traditionally dominated by paper.

Economics, Policy & Regulation

Disruptors: Mobile Money And Digital Currencies

Inside Sibos | Day 2 The Future of Money is once again a key theme of SWIFT’s annual Innotribe startup competition at this year’s Sibos conference in Boston. It dominated a number of discussions on the first day of the conference, and cryptocurrencies were in the spotlight.