Russian legislation contains mechanisms allowing the recovery of debts, but experience suggests that the reality can be very different from the theory.
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Morgan Stanley digs deep to pass Glencore challenge
August 1, 2011The listing of Swiss commodity trading and mining group Glencore caused a few headaches for joint global coordinator Morgan Stanley. However, the impressive list of investors it helped secure shows that there is a big global appetite for commodities.
Romania's hard road to fiscal adjustment
August 1, 2011Hit hard during the financial crisis, the Romanian government was the first in the EU to successfully complete an International Monetary Fund loan programme, without even needing to draw the whole loan. Secretary of state for finance Bogdan Dragoi explains his government’s strategy.
Egypt's Commercial International Bank resilient in the aftermath of revolution
August 1, 2011Egypt’s banks faced the most trying of conditions early this year with the overthrow of president Hosni Mubarak and the subsequent economic collapse. But Hisham Ezz Al-Arab, head of the Commercial International Bank says that businesses should thrive in a more open political system.
Co-operative Financial Services upgrades and integrates
August 1, 2011Co-operative Financial Services's integration and change director, Phil Lee, tells The Banker how it is upgrading its core systems in the midst of a merger with Britannia Building Society.
Eurozone stress tests prove to be informative
August 1, 2011Within days of the European Banking Authority's stress-test results being announced, the speed of events in the crisis-hit eurozone seemed to devalue them. However, the depth of information held within the tests is very revealing.
OTE's €500m DCM issue sets Greek challenge for BNP Paribas
June 30, 2011Issuing in Greece in the current climate is a brave move, but that did not stop telecoms company OTE entering the market earlier this year, thus posing quite a challenge for joint lead manager BNP Paribas.
Philippines finance secretary seeks greater Asean co-operation
June 30, 2011Cesar Purisima, the finance secretary of the Philippines discusses tthe changing role of the Asian Development Bank and recent changes in the Philippines' financial environment.
Fund managers must serve their clients better
June 30, 2011Fund managers should use technology and a leaner business model to provide investors with an honest, transparent and fair fee structure.
Rapid datacentre turnaround proves fruitful for Nomura
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