Latest articles from Philip Alexander

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New risk regime drives credit derivatives business

August 1, 2012

Blamed for magnifying the effects of the financial crisis, credit derivatives may be given a boost by the post-crisis regulatory changes.

Whatever happened to Tier 2 capital?

July 30, 2012
August2012TEASER

In the regulatory rush to strengthen Tier 1 capital, banks that seek to optimise their total capital structure have become an endangered species. But one region has rediscovered Tier 2 capital.

Where traders take charge: the Libor scandal

July 24, 2012
Libor teaser

The Banker cannot predict which banks will turn out to be involved in the Libor scandal, but we can identify the banks where traders wield the most revenue-generating power.

France takes a tax gamble on the markets

July 19, 2012

The Financial Transaction Tax introduced by France in August is intended to deter speculative investor behaviour, but the execution looks likely to miss the target.

Few countries resist euro crunch

July 16, 2012
july-profitsTEASER

Profits for the banking sectors in most European countries fell in 2011, in some cases catastrophically. But there were a few countries that managed to buck the trend.

Can US equity On-Ramp get investors on board?

July 2, 2012

The US JOBS Act is intended to boost access to public equity markets for emerging growth companies. But it has yet to win the trust of investors.

(From left to right) Kazakhstan’s president Nursultan Nazabayev, Russia’s then-president Dmitry Medvedev and Belarus’s president Alexander Lukashenko

Russia, Kazakhstan and Belarus open economic borders

July 2, 2012

Closer economic integration of countries in the Commonwealth of Independent States has been discussed for many years without practical progress. The launch of a Single Economic Space between Russia, Kazakhstan and Belarus may be about to change that.

Christophe MiannéChristophe Mianné deputy of Société Générale’s corporate and investment banking operation

Markets veteran drives French evolution

July 2, 2012

Christophe Mianné, the new deputy of Société Générale’s corporate and investment banking operation, is targeting a change in mindset as much as a change in structure.

Banks look to extend the derivatives chain

July 2, 2012

The advent of Basel III and funding constraints in the eurozone have prompted investment banks to make greater efforts to transfer the exotic risks generated from their derivatives structuring businesses.

Collateral becomes a competitive edge

July 2, 2012

Derivatives collateral management used to be a purely operational matter, but post-crisis regulation and sovereign downgrades have made it into a strategic priority for every bank.

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