The growing number of EU institutions intervening on the drafting of Europe’s vital new liquidity requirements is piling uncertainties on banks and capital markets.
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Retrospective taxation could prove an own goal for cash-strapped governments
April 23, 2012At a time of fiscal austerity across many countries in Europe, clampdowns on tax planning by large corporates or wealthy individuals play favourably with voters. But they can also undermine competitiveness and the fragile economic recovery.
Argentina takes another backwards step
April 23, 2012Latin America seems to have finally freed itself from its failing patterns of populism with impressive economic results, but Venezuela and, more evidently, Argentina remain reluctant to play ball.
Missed opportunity at the World Bank
April 23, 2012The appointment of a US academic to head the world Bank instead of Nigeria's Ngozi Okonjo-Iweala shows how out of touch the institution is.
Australia dominates 'other' Asia-Pacific ranking
April 2, 2012While the Asia-Pacific region's growth story over the past few decades has been powered by Japan and then China, at least as far as banking is concerned, when these two countries are removed from The Banker's Asia-Pacific rankings, it is Australia's banks that come to the fore.
National Bank of Rwanda governor averts inflation hike
April 2, 2012Rwanda’s monetary authorities stood out from their east African peers in 2011 for managing to withstand the severe inflationary pressures buffeting the region. Claver Gatete, governor of the National Bank of Rwanda, explains how this was done and what the country's government is doing to lure more foreign direct investment.
Casablanca looks to dispel African divide
April 2, 2012Morocco wants to establish Casablanca as a financial hub not only for investment into the rest of north Africa, but countries south of the Sahara too. So far, it has made good progress and is pulling ahead of its regional rivals.
Over-regulation threatens to capsize US financial sector
April 2, 2012The regulations implementing the Dodd-Frank Act, which was signed into US law in 2010 in response to the G-20's global financial regulatory reform agenda, are being written, and banks do not like what they see.
London bids to play renminbi strong suit
April 2, 2012As China has moved to speed up the internationalisation of its domestic currency since the financial crisis, the UK has made no secret of its willingness to play a role in this process. But much work still needs to be done with regards to trade settlements between the two countries, as well as improving transport links and communications.
European exits leave Latam trade financing gaps to be filled
April 2, 2012As Europe's banks come to terms with the economic impact of Basel III's rules on capital requirements, their demand for trade finance deals in Latin America through the International Finance Corporation has waned. But this leaves the door open to North American and Asian banks looking to increase their presence in the region.