Latest articles from Banking, Regulation & Risk

Card costs spark action

October 3, 2005

Credit card companies and issuing banks are under fire for overcharging on interchange fees, and are now under increasing pressure to justify their costs.Wendy Atkins reports.

EU bodies tussle over credit directive

October 3, 2005

Sergio Beristein reports from Brussels on legislative wrangling over how liberalised the consumer credit market should be.
According to an EU draft of the Consumer Credit Directive, obtained by The Banker a paragraph has been added that promotes a free market.

Bridging the Gulf

October 3, 2005

Adel El-Labban, CEO of Bahrain’s Ahli United Bank, talks to Stephen Timewell about progress on his plans for a pan-Gulf retail network.
Most banks in the six states of the increasingly rich Gulf Cooperation Council (GCC) have tended to focus on their domestic markets and as a result remained relatively small compared with the region’s enormous wealth.
But now a few are breaking through traditional barriers, creating regional networks and realising some of the Gulf’s potential.
Bahrain’s Ahli United Bank (AUB) has been a pioneer of mergers and acquisitions in the Gulf and this remains central to the bank’s strategy.

The nine billion dollar manacle

October 3, 2005

The Markets in Financial Instruments Directive (MiFID), also known as the Investment Services Directive #2, promises true trading transparency but at a cost akin to that of dealing with Y2K problems.

Control and survive

October 3, 2005

Good corporate governance is an essential part of every board director’s job.Michael Imeson reports from a briefing that focused on the key issues from a banker’s perspective.

Western Union adds a string to its formidable bow

September 5, 2005

One of the world’s largest money transfer networks, Western Union, has launched a bank.Stephen Timewell finds out what the move offers the network in the long term.

From processing silos to hubs

September 5, 2005

Banks stand to lose huge amounts of profit once real-time banking is implemented, but they can soften the blow with global processing, says
John Bertrand.

What will it take to get the FSAP moving?

September 5, 2005

The Financial Services Action Plan was supposed to lead to the creation of a single European market in financial services by this year. It will not. What went wrong and what is being done about it? 

Building blocks for leadership

August 1, 2005

Vneshtorgbank is using its acquisition of Guta Bank to build up its retail services, planning more branches and aiming for a leading role in the mortgage market. By Brian Caplen.
Russian state-owned Vneshtorgbank is pushing ahead on the retail front, aiming to claim an 8%-10% share of the market by 2010. During that period, total assets are expected to rise from $15bn to $35bn, including a forecast rise in mortgages from $150m to $2bn and in consumer lending from $300m to $3bn.

How the Group of Eight ousted Purcell

August 1, 2005

Through a ruthless public relations campaign, eight dissidents brought about Phil Purcell’s exit from the CEO post at Morgan Stanley. Nick Kochan looks at how and why they did it and asks if this sets a precedent in corporate governance.

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