Award Winners
Q+A: Regulations Re-Shaping Subcustody
Lee Waite, global head of direct custody and clearing at Citi, discusses the challenges in subcustody sparked by regulators’ increasing focus on worldwide financial transactions.
Economics, Policy & Regulation
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Capital Raising & Corporate Finance
Sovereign Bonds Fly High On Low Rates
As sovereign issuers tried to lock in record-low interest rates ahead of any increases by the US Federal Reserve, a recordamount of new sovereign bonds was sold in the first part of 2016.
Capital Raising & Corporate Finance
Swiss Success Highlights Infrastructure Neglect
After 17 years of construction, the Gotthard Base Tunnel, connecting Northern and Southern Europe through the Alps, opened to great fanfare on June 1, and shone a light on years of lax investment in infrastructure by European nations generally.
Banking
Scandal And Risk Drive Private Banks Out Of Russia
Facing reputational risk and poor prospects, private banking operations are bailing on Russia and encouraging its wealthy to park their assets offshore.
Economics, Policy & Regulation
How Brexit Might Play Out
Even though the votewas a long time coming, few really prepared for the UK choosingBrexit. Now, business executives and political players are guesstimating the most likely scenariosand speculating how it will play out.
Capital Raising & Corporate Finance
Ailing Lending Club Shakes Up Shadow Banking Boardroom
<strong>Trends | Shadow Banking</strong><br />
Renaud Laplanche, Lending Club’s founder, chief executive and public face, resigned abruptly in mid-May. His resignation casts a pall over not only the peer-to-peer lender that claims to be the world’s largest online marketplace connecting borrowers and investors, but also the shadow banking industry as a whole.
Economics, Policy & Regulation
Assuming The Mantle Of Asia’s Financial Hub
Singapore has overtaken Hong Kong as Asia’s top financial center and now ranks third globally behind London and New York. This is the key takeaway from the latest Global Financial Centres Index (GFCI), a ranking by British commercial think-tank Z/Yen Group.
Capital Raising & Corporate Finance
Corruption: Offer Jokes Instead Of Bribes
<strong>Management | Corruption</strong><br />
At the anticorruption summit held in London last month, world leaders pledged to fight tax dodging, boost transparency and redouble efforts to confiscate and repatriate stolen assets to many of the world’s poorest countries.
Capital Raising & Corporate Finance
From Azerbaijan To Zambia, Country Ratings Slide
<strong>Capital Markets | Sovereign Risk</strong><br />
Low energy and commodity prices and a global economy stuck in low gear have provoked a surge in sovereign ratings downgrades in the first three months of this year. And rating agencies anticipate another wave of downgrades if a wider global economic slowdown materializes.
Economics, Policy & Regulation
Growing Pirate Party Channels Populist Fury
<strong>Iceland</strong><br />
The Panama Papers’ revelation that Iceland’s prime minister had offshore interests, including claims on Icelandic banks, caused outrage in this naturally volcanic island state.
Capital Raising & Corporate Finance
Multinationals Need A Culture Shock
<strong>Management | Corporate Culture</strong><br />
Several recent financial and corruption scandals have forced multinationals to develop comprehensive corporate conduct and compliance programs.
Capital Raising & Corporate Finance
Serial Inverters Curtailed As Global Reforms Move Forward
<strong>Trends | Inversions</strong><br />
The US Treasury Department’s recent rules against corporate inversions are intended to stop “serial inverters.”