Features
China’s Legal Reform Is Front and Center
Some discrepancy exists between the rules that are written and those that are enforced. This is true for most places in the world, and China is no exception.
Author: GFMag.com Admin
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Supplement
Africa Supplement 2014
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.
Economics, Policy & Regulation
CENTRAL BANKS: WHERE DO THEY GO FROM HERE
The central banker’s job today is certainly difficult. But it had better not be impossible.
Economics, Policy & Regulation
IMF/WORLD BANK ISSUE—INTRODUCTION
Global Finance presents its annual International Monetary Fund/World Bank issue, in conjunction with the organizations’ annual meetings, taking place in Washington, D.C., in early October.
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.
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.
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.
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: