The UK's tough liquidity rules stand in the way of global management and are expensive and time-consuming to comply with, say bankers. The bad news is that other jurisdictions are likely to adopt them.
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President Chávez's presence looms large over Venezuela's private banks
May 4, 2011Venezuelan president Hugo Chávez has ushered in massive changes to the country's banking sector, nationalising or closing banks, while introducing community banking terminals in slum areas to make banking more accessible. But is this level of public spending sustainable?
Ghana's finance minister plans to spend oil wealth wisely
May 4, 2011Ghana's finance minister Kwabena Duffuor tells Brian Caplen how he is taking measures to ensure that his country's new oil wealth is spent on securing its long-term economic prosperity.
Uncertainty reigns as Turkey takes two-pronged monetary policy approach
May 4, 2011Turkey’s central bank is attempting an unusual combination of tightening monetary policy using reserve requirements, while combating speculative inflows through interest rate cuts. But the outcome remains uncertain.
Afren’s high yield bond attracts energy and emerging market investors
May 4, 2011Afren's high-yield bond issue earlier this year attracted interest from emerging market investors as well as specialist energy players, two investor groups who rarely overlap in the bond markets.
Hard times ahead as Portugal feels the force of its bailout conditions
May 4, 2011The effects of the international economic bailout of Portugal will be felt through the country, but some see the measures as an opportunity for the country to emerge as a more competitive, export-friendly entity.
Turkish banks draw battle lines in fight for customer market share
May 4, 2011Many Turkish banks enjoyed record results in 2010, with high return on equity, efficient operations, strong capital ratios and falling inflation. However, changing domestic economic conditions will drive new strategies in 2011 and beyond.
America's crumbling infrastructure: can private capital save it?
May 4, 2011The US is in trouble. Its infrastructure is in dire need of repair but the heavily indebted country cannot afford to pay for it. All the more surprising then that the overtures of private – and in many cases foreign – capital are being met with resistance.
Rosbank set to take its place among Russia's heavyweights
May 4, 2011The consolidation of Société Générale's Russian subsidiaries will create a universal bank with firepower, its chief executive Vladimir Golubkov explains to Brian Caplen.
Bailout forces Portuguese banks to shape up in time for a 2012 comeback
May 4, 2011Shut out of the wholesale markets, Portugal's banks are reducing their loan-to-deposit ratios and restructuring their balance sheets. If all goes well they could be back in the markets as early as next year.