Country Report
Hanging On, Portugal Staves Off Downgrade
<strong>PORTUGAL | </strong>With a hefty debt overhang, Portugal can’t quit now on structural reform.
Economics, Policy & Regulation
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Data
Head Start On Diversification Eases UAE’s Transition
From financial services to healthcare to tourism, the Emirates is exploring and expanding into new non-oil businesses.
Capital Raising & Corporate Finance
Israeli Bankers Quit Over Salary Cap
Highly compensatedIsraeli bank executives feel harried by a new law placing limits on their salaries.
Data
Kuwait Takes Action
Striving to shake its oil dependence, Kuwait is opening up to foreign ownership. Will investors bite?
Capital Raising & Corporate Finance
MSCI Tells China To Wait, May Reclassify Nigeria
China’s recent efforts to make it easier for global investors to access its enormous stock markets in Shanghai and Shenzhen were not enough to persuade MSCI to include these “China A shares” in its widely followed Emerging Markets Index just yet.
Economics, Policy & Regulation
Peru’s New President Seeks Unity After Tight Race
<strong>Peru </strong>| Even though Pedro Pablo Kuczynski was elected Peru’s new president by a whisker, his victory was greeted with enthusiasm at home and abroad.
Award Winners
Q&A Regulatory Pressure, Demand For Seamless Technology Drive Change
Samir Pandiri, executive vice president and CEO of asset servicing at BNY Mellon, explains how regulations and demand for seamless products are driving innovation.
Award Winners
Q+A: Innovating With Peer-To-Peer Securities Lending
Paul Fleming, executive vice president and global head of securities finance at State Street, sees securities lenders experimenting to meet the cost of complying with Basel III. banking rules.
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.
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.