Latest articles from Philip Alexander

Russian banks

Russia's market structure begins to thaw

February 1, 2012

The largest state-owned banks still dominate the top of Russia’s banking system, but high returns, specialisation and consolidation in the private sector are creating signs of change.

Goodnight_viENNA

Too soon to say goodnight Vienna

February 1, 2012

The effects of eurozone deleveraging on central and eastern Europe should not be exaggerated, but certain countries look particularly exposed, especially in the Balkans. And the principles of European integration are under pressure.

Latam banks lead the liquidity league

January 25, 2012
Top 10 central bank depositors, end-2010

Latin American banks dominate the rankings for deposits with the central bank, providing large liquidity cushions in their countries if needed.

Russian state bank dominance on the cusp of change

January 18, 2012
russian bank assets teaser

The market share of state-owned banks has grown at the top end of Russia’s banking sector, but private sector consolidation suggests this might be about to change.

Europe rotates the ratings messenger

January 3, 2012

New European Commission proposals to force issuers to rotate ratings agencies every three years could lead to less stable and accurate ratings.

remakingtheeuroteaser

Remaking the eurozone

January 3, 2012

Keeping Greece in and allowing massive European Central Bank intervention are the best ingredients for saving the eurozone. But the case for common eurozone bonds is less clear.

Are emerging market banks more transparent?

December 21, 2011

Banks in emerging markets appear to run greater risks to achieve greater returns. But they may just be more conservative in assessing their risks.

Mind the GAAP on bank leverage

December 8, 2011
Us vs Europe teaser

US GAAP accounting standards may offer a misleading picture of leverage among five of the largest American banks relative to their European counterparts, because US banks net out derivatives exposure when calculating total assets.

Bank of Ireland

Ireland’s sole survivor offers eurozone funding hope

December 1, 2011

Bank of Ireland avoided nationalisation against the odds, and has even managed to obtain wholesale funding via bilateral transactions. BoI group treasurer Sean Crowe explains the formula.

Ring-fence report cover

Vickers gives bank treasurers a splitting headache

December 1, 2011

Some UK bankers are warning that ring-fencing deposits in the largest banks will drive up capital and funding costs. However, there are those, including some major investors, who claim that the opposite may turn out to be true.

The Banker on Twitter