The inaugural Transaction Banking Awards from The Banker show a transaction services industry that is both buoyant and innovative, in both developed and developing countries, and across all sectors.
Latest articles from Transaction Banking
Until now, banks have managed their payment and settlement obligations based upon end-of-day forecasts, but from January 2015 the Basel Committee on Banking Supervision wants to see banks monitoring their balances intraday. Frances Faulds reports on how the industry is adapting to this fundamental change to reduce operational risk.
With heavy state involvement and the occasional scandal, China’s trade finance sector may not be perfect. But significant change is under way as government policies facilitate growth and diversification in the country’s industry and financial sector.
From financially motivated cyber crime to politically influenced cyber warfare, the virtual threats to financial institutions are multiplying. Companies must respond by arming themselves against such attacks or else they risk losing their footing on the new digital battleground.
Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.
There is a concern that new regulations will deter banks from taking risks in the transaction banking space. BNY Mellon treasury services’ global head of sales and client management, Alan Verschoyle-King, explains why this would be bad for the industry.
Since joining DBS Bank in 2010, Tom McCabe, head of global transaction services (GTS), has seen the GTS business pass the $1bn revenue mark. He describes how this success is a result of the bank's positive working environment, which enables individuals to build a "personal legacy".
Senior executives from the transaction banking industry discuss the latest industry trends, the state of regulation and the hunt for the next generation of transaction bankers.
Cash management is growing in importance, but negative interest rates, the regulatory fallout from the financial crisis and an increasingly complex political landscape are colluding to make life difficult for transaction bankers and corporate treasurers.
Global Risk Regulator
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