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Banking

Regional Report: Central Asia

DESPERATE TO DIVERSIFY By Kim Iskyan The countries of central Asia are working hard to become more than one-trick ponies, as each struggles in its own way to reduce economic reliance on a single growth driver. The five ...

Banking

SIBOS 2013

A GLOBAL CONNECTION SWIFT’s annual Sibos conference is just around the corner, and this year attendees will gather in Dubai. With Middle Eastern companies following the trend now seen in many emerging markets and increasing the sophistication of their ...

Banking

Country Report: Egypt

WAITING FOR THE RENAISSANCE By Gordon Platt Egypt’s elections promised much in terms of building a modern and democratic state. But the realities of governing for the Muslim Brotherhood are proving more difficult than initially thought—and some economic ...

Banking

Cover: New Role For Central Banks?

UNINTENDED CONSEQUENCES By Udayan Gupta The world’s central banks are on a desperate mission to stave off deflation. But even if their short-term fixes work, the long-term outcomes may have unplanned results. Central banks are in an ...

Banking

Frontier Markets Focus: Estonia

ODD MAN OUT By Dan Keeler One of the few frontier markets to adopt the euro, Estonia has proved to be a beacon of hope in a region of uncertainty. Estonia is on a healthy trajectory. Economic ...

News

Milestones: Luxembourg Opens Up Once-Sacred Banking Sector

MILESTONES: LUXEMBOURG By Forrest Jones Another tax haven is set to unveil its operations, this time in Western Europe. Luxembourg recently agreed to share confidential banking details belonging to multinational companies with its neighbors. The move, which will help ...

Banking

Milestones: Cyprus Reels From Russias Unwillingness To Help

MILESTONES:RUSSIA/CYPRUS ByKim Iskyan As the Cypriot banking sector imploded in mid-March, Russia, for which Cyprus is an offshore financial services...

Economics, Policy & Regulation

Emerging Markets Roundup: China

WAGE GAP CLOSES AS GOVERNMENT EMBARKS ON SOCIAL REFORMS By Thomas Clouse China announced plans last month to reduce its wealth distribution gap through a series of measures—such as raising minimum wages, loosening lending and deposit rates and increasing ...

Economics, Policy & Regulation

Milestone: Spain Cuts Red Tape In An Effort To Help Businesses

MILESTONE: SPAIN By Forrest Jones Spain wants to make life a little easier for its business sector. Recently, Madrid drafted legislation to make it simpler for companies to conduct business in different autonomous regions within the country ...

Economics, Policy & Regulation

Newsmaker: White’s SEC Appointment Sends Mixed Message

NEWSMAKER US By Valentina Pasquali Though still bearing the scars of the recent financial crisis, the US economy is recovering, and markets are returning to levels unseen in years. White is reputed to be a tough enforcer Photo Credits: ...

Banking

Milestone: Enforcement Will Only Get Tougher Under New FSA Regime

MILESTONES: UK By Anita Hawser After four years under a shadow, the UK’s Financial Services Authority is once again being held up as a model financial regulator — both for its principles-based approach to reporting and for its ability to ...

Economics, Policy & Regulation

Milestone: Growing Chorus At Home Urges UK To Break With Brussels

MILESTONES: EUROPE By Valentina Pasquali On the tail of the European economic crisis, the relationship between the United Kingdom and the European Union is nearing a breaking point. While in Brussels some members are pushing for further integration, in ...