The people of Scotland will have the opportunity to vote on the country's independence from the rest of the UK in 2014. But while the decision will inevitably be an emotive one, the financial, business and political ramifications cannot be ignored, and it appears that there is still a great deal of uncertainty surrounding them.
Western Europe
Latest articles from Western Europe
Will Scotland take flight in UK independence referendum?
September 3, 2012Extended reach means Credit Europe Bank spreads its risk
September 3, 2012Its geographic and product diversification has allowed Credit Europe Bank to effectively spread its risk, a strategy that has served it well during a particularly tumultuous economic period in Europe.
Austrian banks bear the brunt of government's strict measures
September 3, 2012Austria's government, driven an agenda to ensure that tax-payers do not pay for the financial crisis, which has seen it implement strict measures to fast-track compliance with Basel III rules, appears to show no sign of relenting in its dealings with the country's embattled banks.
Putting securitisation back on the road
August 27, 2012The troubled past of some securitisation products is making the comeback of this financial tool in Europe slow and fragile, but unless a bridge can be built from the current situation to an active securitisation market, the hopes for any growth in the continent will dim dramatically. Maybe the new Prime Collateralised Securities label can be that bridge.
Renaissance Capital investment bank head seeks emerging market niche
August 1, 2012After leading Morgan Stanley’s equities business outside the Americas, John Hyman is working to position Renaissance Capital as a focused player in a number of very different markets across emerging Europe and Africa.
Switzerland loosens grip on the wealth management sector
August 1, 2012A stagnant home market and declining prospects in western Europe have encouraged Swiss wealth managers to expand in emerging markets. But the strategy for success is not always straightforward, and now a number of regional players have come to the fore looking to challenge Swiss dominance in this field.
New risk regime drives credit derivatives business
August 1, 2012Blamed for magnifying the effects of the financial crisis, credit derivatives may be given a boost by the post-crisis regulatory changes.
How do you solve a problem like Libor?
August 1, 2012Libor has come under huge scrutiny since Barclays was fined for manipulating it. While few bankers believe it can be replaced, even its staunchest supporters say it needs to be reformed. But it is not obvious how.
France takes a tax gamble on the markets
July 19, 2012The Financial Transaction Tax introduced by France in August is intended to deter speculative investor behaviour, but the execution looks likely to miss the target.
Rebuilding Egypt: how the country's banks have fared since the Arab Spring
July 2, 2012Egypt's tumultuous political landscape of the past 18 months has, predictably, had an impact on it banks. However, the sector has shown impressive resilience since the Arab Spring uprisings, focusing on SME lending and commercial activities with some degree of success. But with foreign investors staying away and further political upheaval still a possibility, the country's rebuilding process still has some way to go.