Credit cards are relatively new to Russia and take-up is still slow as cash remains the dominating payment method. Brian Caplen reports on progress.
Latest articles from Financial Regulation
Baptism of fire for Sants
July 1, 2008Hector Sants, just about to complete his first year as chief executive of the UK’s Financial Services Authority, has proved his mettle during these times of great difficulty for regulators everywhere. Interview by Michael Imeson and Brian Caplen.
The dangers of procyclical bias
July 1, 2008As market uncertainty continues, banks need to know how to respond to the economic cycle, writes José María Roldán.
Global regulators turn up the heat
June 2, 2008The Financial Stability Forum has launched a regulatory assault on bankers which includes an attack on the bonus system, writes Michael Imeson.
New regulation on track
June 2, 2008Legislation for a new unified regulatory authority is expected to be passed before the year’s end and the Qatar Financial Centre is working to bring in more new players, writes Nadine Marroushi.
UCITS break out of Europe to conquer the world
June 2, 2008Nick Kochan reports on the phenomenal growth of UCITS, a product of EU legislation that is going down a storm in Asia and Africa, and has US authorities looking on in envy.
Power guzzlers’ secret is out
June 2, 2008IT operations are energy-hungry and eco-unfriendly, making trading operations – banks’ most IT-intensive functions – increasingly unsustainable. But some improvements are being made. Michelle Price reports.
CSFI REPORT: BANKING BANANA SKINS
June 2, 2008CSFI report identifies the biggest risks facing banks; Deloitte report looks at the cost of financial services regulation.
Acting alone ignores interconnectedness
June 2, 2008Financial centres around the world should tackle regulation in harmony to reflect the fact that markets across the globe are interconnected and current problems are global phenomena, writes Angela Knight.
Time to rethink the risk-taking ethos
June 2, 2008In a drive to improve risk management, banks should ensure their boards of directors have a higher level of expertise, writes Peter D Hahn.