Economics, Policy & Regulation
POWERING UP GROWTH
AFRICA 2014 | INFRASTRUCTURE<br />
From power plants and mining to tourism and railroads, new infrastructure projects are stimulating the growth of industries across sub-Saharan Africa.
Economics, Policy & Regulation
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Economics, Policy & Regulation
THE ROAD TO CONVERGENCE
Global Finance sat down with Russell Golden, chairman of the Financial Accounting Standards Board, to discuss the current activities of the FASB—including its recently issued standard on revenue recognition, a joint effort with the International Accounting Standards Board (IASB).
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 />
Features
Seeing Opportunity In Obstacles
Inside Sibos | Day 3<br />
“Global Transaction Banking is the fastest growing unit in Société Générale,” says Christian Behaghel, head of GTB at Societe Generale. “It is a very stable business, and while we generate something like 6% of the total revenue of the bank, we are experiencing growth of our revenue of 10-15% a year.” This compares, he says to some areas of retail banking that have 0-2% growth a year.
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
Disruptors: Mobile Money And Digital Currencies
Inside Sibos | Day 2<br />
The Future of Money is once again a key theme of SWIFT’s annual Innotribe startup competition at this year’s Sibos conference in Boston. It dominated a number of discussions on the first day of the conference, and cryptocurrencies were in the spotlight.
Economics, Policy & Regulation
The Future Of Banking—Italian Style
Inside Sibos | Day 2<br />
“Honestly I am here more to learn than for any other reason. And to understand what the banking system can become,” notes Antonio Patuelli, president of the Italian Banking Association, discussing SWIFT’s Sibos conference in Boston.<br />
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.
Economics, Policy & Regulation
A CHANGING OF THE GUARD FOR INDONESIAN POLITICS
INDONESIA<br />
Self-made businessman and former governor of Jakarta, Joko Widodo won Indonesia’s presidential election in July, marking the first time a candidate without ties to the military or a powerful political family has won the position.<br />
Capital Raising & Corporate Finance
ARGENTINE DEFAULT: BETTER THE SECOND TIME
ARGENTINA<br />
The aftermath of Argentina’s so-called default on July 31 doesn’t at all resemble the catastrophe accompanying its earlier default in 2002, when the country was unable to repay $100 billion of debt and the economy collapsed, costing millions of jobs.
Economics, Policy & Regulation
BRAZIL: ROUSSEFF WANTS SECOND TERM, SECOND CHANCE
BRAZIL<br />
Brazilian president Dilma Rousseff will be running for a second term in October, and if she can keep her momentum going, there’s a good chance she’ll win.
Capital Raising & Corporate Finance
BRIAN LOUGHMAN, FRAUD BUSTER
Global Finance sat down with Brian Loughman, Fraud Investigation & Dispute Services (FIDS) Leader, EY Americas (formerly Ernst & Young), to discuss how greater regulation and increased efforts by countries to fight fraud are leading to greater demand for services by corporations around the world.