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Banking

TURKISH ECONOMIC DEVELOPMENT ROUNDTABLE: CHANGING PERCEPTIONS

At a roundtable in Istanbul in September, leading figures from Turkish banks, including the deputy governor of the Central Bank of Turkey, came together to discuss developments in the economy and financial sector.

Award Winners

WORLD’S BEST INTERNET BANKS 2014 – ROUND TWO

Annual Awards In the final installment of a two-part series, Global Finance recognizes the best corporate/institutional and consumer Internet banks globally and in six regions, as well as an overall winner. We spotlight the financial institutions around the world that are leading the way in digital banking services that generate strong business results.

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CHINA: A NEW ECONOMY IN THE MAKING

Annual Survey | Stars Of China Something’s changed this year. Midmarket innovators are taking the lead, Internet companies are now world-beaters, and banks are staking their ground in a whole new way.

Banking

ARE BANKS UNSAFE AT ANY SIZE?

Banking Regulation The globe’s financial systems are still vulnerable to contagion. Critics say regulators are unlikely to fix the problem unless they shift gears.

Banking

ARGENTINE GOVERNOR MAY FURTHER DILUTE CENTRAL BANK INDEPENDENCE

Newsmakers | Argentina Argentine president Cristina Fernández de Kirchner in early October triggered the resignation of the head of the country’s central bank, Juan Carlos Fabrega, by criticizing him for not reducing manipulation of the country’s currency. His replacement, Alejandro Vanoli, formerly the head of the country’s securities regulator, CNV, doesn’t look likely to set Argentina on a better path.

Awards

BIGGEST EMERGING MARKETS BANKS 2014

On A Grand Scale Chinese banks take first 10 places in rankings.

Awards

BIGGEST GLOBAL BANKS 2014

Big Is Beautiful Assets of ICBC exceed $3 trillion, while European banks shrink.

Banking

CEFIS’ DUAL FOCUS ON BANKING AND SOCIAL DEVELOPMENT

Management | Transaction Banking Alberta Cefis is retiring from Scotiabank after building its global transaction banking business practically from the ground up.

Banking

CFTC CONSIDERS REGULATING BITCOIN DERIVATIVES

Trends | CryptoCurrencies There are potential benefits that bitcoin or bitcoin-like technology—as opposed to the cryptocurrency itself—could bring to the derivatives marketplace.

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CHINA: BANKS FORCED TO INNOVATE IN FAST-CHANGING MARKET

Annual Survey | Stars Of China Nothing has characterized the recent pressure on traditional banking in China more than the challenge posed by Internet companies to the Big Four Chinese Banks

Banking

FOREIGN BANKS SECURE FOOTHOLD IN MYANMAR

Milestones | Myanmar After five decades of economic isolation, on October 1, Myanmar took its first big step into the global financial system, granting nine foreign lenders preliminary approval to operate in the country.

Banking

HILL TO PUSH SECURITIZATION AS FINANCIAL STABILITY HEAD

Newsmakers | United Kingdom After a bumpy ride, the UK’s candidate, lord Jonathan Hill, has been confirmed by the European Parliament as commissioner for financial stability, capital markets and financial services.