Market reforms are flooding the financial sector and banks are facing the challenge of managing their liquidity more efficiently. But the industry remains divided on best practice approaches to intraday liquidity management.

With the recent Libor scandal failing to shake asset managers' confidence in London, emerging centres will have to work hard if they are to overtake the UK capital as the world's leading asset management centre.

The Dodd-Frank Act, Section 1073 is going to alter the practice of retail cross-border payments services – not just for US-based financial institutions but also for their correspondent banking relationships abroad. The deadline is near, but a practical solution to meet the requirements of the rule still seems far off. The Banker looks at some alternatives that have finally started to emerge.

Former Brazil president Luiz Inácio Lula da Silva says the rapid growth of emerging economies such as Brazil is changing the global economic order, but this reality is yet to be acknowledged by the world's major economic institutions, where Europeans hold a disproportionate amount of power.

Economic ties between Asia and Latin America are booming amid a sluggish world economy, but to unlock the full potential of this economic relationship, there must be more investment in connectivity, a removal of policy impediments, and more inter-regional engagement.

Bookrunners have taken the blame for hyping the Facebook public offering and undermining sentiment towards other public listings, but the reality is more complicated.

The post-crisis environment has seen central banks play an increasingly large role in the financial stability policies of many countries. Central bankers need to understand how price and financial stability policies must work together for the best best results.