Award Winners
BEST IN CLASS
ANNUAL SURVEY | WORLD’S BEST BANKS<br />
A selection of winners from Global Finance’s awards program over the past year.
Author: GFMag.com Admin
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Banking
BOTÍN: GROOMED FOR SUCCESS
NEWSMAKERS | SPAIN<br />
Less than 24 hours after the sudden death, in September, of her father Emilio Botín, widely recognized as one of the shrewdest, most successful bankers in modern history, Ana Patricia Botín was unanimously named by the board to take the helm of Banco Santander, an institution that has been under the control of her family for three generations.
Emerging & Frontier Markets
DESTINATION: AFRICA
AFRICA 2014 | TOURISM SECTOR<br />
Despite setbacks, Africa’s tourism industry is an increasing driver of economic development across the continent.
Sponsored Content
Fides: Addressing Pain Points for Multi-banked Corporates
Andreas Lutz, CEO, explains how Fides Treasury Services’ flexible, scalable multi-banking solutions help address critical pain points for its client, Payoneer — and why bank connectivity, onboarding and regulatory requirements continue to challenge multi-banked corporations.
Banking
ELEVENTH-HOUR RESCUE FOR SHADOW-BANKING PRODUCT
MILESTONES | CHINA<br />
China Huarong Asset Management, a bad bank set up during the credit bust of the 1990s, has turned out to be the mystery investor that bailed out shadow-banking product Credit Equals Gold No. 1.
Economics, Policy & Regulation
JAPAN AND INDIA OPTIMISTIC ABOUT FUTURE RELATIONSHIP
MILESTONES | JAPAN<br />
Japanese prime minister Shinz Abe greeted his Indian counterpart, Narendra Modi, in late August in the city of Kyoto, where the two leaders toured temples and posed for pictures before returning to Tokyo for four days of diplomatic talks.
News
MADE IN AFRICA, FOR AFRICA
AFRICA 2014 | INTRODUCTION<br />
Though Africa has experienced impressive growth for well over a decade now, domestic markets and intraregional economic relations have remained constrained, with national economies driven primarily by mounting foreign demand for the continent’s natural resources and commodity exports.Today, however, things appear to be changing. For one thing, Africa is witnessing the emergence of a middle class.
Capital Raising & Corporate Finance
NO COLLATERAL DAMAGE TO HEDGES AFTER ALL
MANAGEMENT | DERIVATIVES REGULATION<br />
Nonfinancial corporations that hedge risk by using derivatives not traded on exchanges won an important victory in early September, when US bank regulators agreed to exempt such companies from rules that would have required them to post collateral against their positions.
Sponsored Content
Eurobank: Bringing Client-Focused Innovation to Trade Finance
Eurobank has established itself as Greece’s preeminent bank for transaction banking and trade finance by blending a commitment to client service with constant innovation and a unique structure.
News
In The News At Sibos 2014
Inside Sibos | Review<br />
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:
Economics, Policy & Regulation
Asian Treasurers Match Strategy To Action
Inside Sibos | Day 3<br />
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.<br />
Economics, Policy & Regulation
Trade Finance Goes Digital
Inside Sibos | Day 3<br />
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
What Corporates Want
Inside Sibos | Day 2
As this year’s corporate forum at Sibos gets underway, what topics are corporations particularly focusing on? This year’s line-up includes a discussion around corporate-to-bank connectivity and the associated challenges.
Sponsored Content
Maybank in Southeast Asia: Understanding and Providing For a Multicultural Region
Maybank offers clients throughout Southeast Asia the benefits of a local banking relationship alongside the cross-border advantages of a regional banking powerhouse.
Features
Counterparty Risk In The Spotlight
Inside Sibos | Day 1<br />
What has really changed since the global financial crisis first hit? Four years after the Dodd Frank Act was enacted in the US to help stem another bank crisis, one of the primary causes of the meltdown remains a serious concern.