In an exclusive interview with Euromoney, Mahesh Kini discusses recent changes in the business and increased demand of corporate treasurers for multiple solutions, especially visibility.

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.

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.

US and Canadian banks may have had a head start in generative AI, but some European banks are trying to close the gap. Those in charge of harnessing the technology at big banks in Europe say they are gaining confidence in its use: adapting marketing shots to certain client profiles, helping sales managers to sift through product policies and much more.

Javier Rodríguez Soler, BBVA’s global head of sustainability and corporate and investment banking, says an acquisition of Banco Sabadell would boost his division’s international standing. But BBVA is already eyeing a leading role in banking decarbonisation around the world, especially in the US. Partnerships with private equity companies, and investments in cleantech funds, are among the ways it is pursuing that goal.

Four months on from North America’s move to a shorter settlement cycle, market participants have used a combination of liquidity management, technology pivots and human resources to mitigate their exposure to higher FX costs.

Balancing growth and risk is a delicate task for banks. By understanding client needs and leverage their technology capabilities, banks can not only maintain this balance but also tap into new opportunities in emerging industries. The partnership between Deutsche Bank and Chinese fintech XTransfer, highlighted by their recent success in Thailand, serves as a prime example of how tailored solutions and innovative processes can drive growth and operational efficiency.

While treasurers see promise in regulatory changes such as ISO 20022 and the digital euro, concerns over compliance pressures and potential disruptions are mounting, according to the Corporate Treasurers on Key Trends in Cash Management report, published by Euromoney earlier this month.

As HSBC retrenches from domestic business on the continent, BNP Paribas steps up its ambition in Europe’s biggest economy – focusing largely on the family-owned Mittelstand.

Sir Patrick Sergeant, the charismatic founder of Euromoney and legendary lynchpin of financial journalism, passed away on September 18 aged 100.

If UniCredit is close to acquiring Commerzbank, it’s not just the result of a quick and crafty deal in the equities market. It comes after years of rebuilding the bank’s financial strength and reputation. Euromoney recalls how the Italian bank came back from the brink – ready to get into a position to buy Commerz.

The CE3 currencies have outperformed much of the emerging-market FX complex through recent carry unwinds – perhaps surprisingly, given the relative popularity of these currencies as receivers on account of high domestic policy rates.

TBC Capital has played a pivotal role in advancing Georgia’s ESG market, advising on a number of important deals.

Euroxx Securities, Greece's largest independent financial services firm, reported solid results in 2023.

InterCapital Securities executed a series of high-profile transactions in Croatia in 2023, making it Euromoney’s winner of the best securities house award for the country.

Trigon wins the best securities house in Poland award for 2024 for its ability to navigate a complex geopolitical and macro environment effectively, and offer the right solutions to its clients.

ÜNLÜ & Co has been making substantial strides in Turkey’s financial advisory and capital markets space, showcasing its expertise in high-impact transactions.

BAC Securities has been instrumental in facilitating multiple high-profile renewable energy projects across central and eastern Europe, reflecting a strategic emphasis on sustainable investments.

CaixaBI’s ESG commitment was front and centre in Portugal over the past year, with the ‘Best for ESG’ award winner spearheading 10 new ESG debt issues in 2023, including six green and four sustainability-linked bonds,.

Millennium Investment Banking wins the Euromoney securities house award for best for large cap in Portugal in 2024, a testament to its expertise in advising major clients on M&A, financing and sustainability-linked transactions.

Carnegie performed strongly in a relatively quiet period for the Swedish equity capital markets.

AXIA Ventures Group impressed with its work on some of Greece’s most complex equity capital markets transactions over the review period.

Galt & Taggart (G&T) stood out from the competition this year due to its product innovation and solid capital markets franchise during our awards period, making it Euromoney’s pick for best securities house in Georgia.

CaixaBI takes the Euromoney award for Portugal for its involvement in major Eurobond issues, private placements, retail bond transactions and structured finance deals during the review period, underscoring its expertise and influence.

Former credit trader Shikha Gupta discovers that a verbal contract isn’t worth the paper it is written on.

Its acquisition of the Belgian private bank and asset manager offers Indosuez a chance to bulk up fast in key European markets. Its chief executive Jacques Prost sits down… erm, stands up with Euromoney to discuss the firm’s future.

It is turning out to be an equities year for the big investment banks, as fixed income revenues fall or stall and fees from dealmaking recover slowly.

While incumbent Italian banks have seen profits surge thanks to higher rates, the shrinking size and profitability of the non-performing loan market has hit illimity hard. Unperturbed, founder and chief executive Corrado Passera believes the original premise for an SME-focused neobank is more valid than ever.

A small three-month deal from one of the bond market’s most frequent issuers shows the potential for on-chain delivery versus payment in central bank money. But the obstacles to widespread use of blockchains remain.

Proponents of banking-as-a-service will be hoping that UniCredit’s decision to acquire Aion Bank and Vodeno marks a turning point in a sector that has experienced considerable volatility.