The success of e-CNY, despite its retail characteristics, could be attributed to a strong government push, effective collaboration with banks and e-platforms, and, most importantly, a win-win mentality that inspired the two-tier channel design.

While some banks are embracing DLT and digital assets, those who have not yet defined their strategy risk being left behind. In the first of our new Digital Assets Deepdive series, the head of issuer services and new digital markets at Deutsche Börse argues the importance of updating market infrastructure to accommodate these rapidly evolving developments.

Capital markets are crucial in helping firms to navigate the turbulent geopolitical climate, acting as both a catalyst for growth and a long-term stabiliser to effectively handle challenges such as currency risk, interest-rate fluctuations and the increasing cost of capital. In the first of our Euromoney Market Voices series, the CEO of Lloyds Bank Corporate Markets explains how markets are adapting to the challenges of the new normal – and how banks and corporates can take advantage.

South Africa’s biggest market, the Johannesburg Stock Exchange has seen a 41% jump in average daily volume year to date, along with an uptick in new listings and multiple new product launches. Director of capital markets Valdene Reddy tells Euromoney the story behind the surge – and how after a decade of sleepiness, South Africa’s markets could finally be waking up.

With Nasdaq’s technology now used by 97% of the world’s global systemically important banks, its president explains why fintech has become fundamental to financial services stability, why the sell side needs help to manage growing market complexity – and how Nasdaq is riding this wave to become far more than just an exchange.

Through exclusive research interviews with senior private banking leaders, Euromoney undercovers four tectonic shifts reshaping the region’s wealth management arena. As Asia’s ultra-high-net-worth population growth is set to outpace global averages – fuelled by entrepreneurial wealth creation, intergenerational transfers and cross-border industrial migration — private banks are racing to meet the escalating demands for institutional-grade solutions.

Once considered a niche domain reserved for institutional giants and venture capital elites, private markets are undergoing a significant transformation, marked by ease of investor access and the pervasive influence of technological innovation. Laurie McAughtry explores how the relationship between private and public markets is becoming increasingly intertwined – and what this could mean for capital formation on a global scale.

With the US successfully transitioned to a T+1 settlement cycle and the UK and Europe well on the way, what does the future look like and how will trade processes change? Experts at the FIX EMEA Trading Conference told Euromoney’s head of capital markets Laurie McAughtry that automation is everything – but it does not need to break the bank.

As the ISO 20022 transformation gathers pace, this instalment in our series examines the vast technology investments and system upgrades banks have made to realise its full potential. We track the readiness journeys of JPMorgan Payments, Citi, BNY, Scotiabank, Lloyds and BNP Paribas.

ISO 20022 is shaping up to be a successful implementation story in the financial industry. Banks now speak with confidence about their readiness, a sign that the phased migration has largely delivered on its promise. Industry experts share insights into their ISO 20022 journey, highlighting both the challenges they faced and the progress they made.

In the third article of Countdown to ISO 20022 series, Euromoney talks with key market participants about implementation challenges and opportunities corporates are facing in adopting the new payment standard.