The Monetary Authority of Singapore has come out fighting after its private banking industry was immersed in the 1MDB scandal. A tax amnesty with Indonesia has posed further difficult questions about disclosure and privacy. Now the MAS has to show its teeth without wrecking an industry the country relies on.

Clinging on to modest IB ranking; municipalities show their clout over ethics scandals.

New debt-equity swap measures tackle corporate debt load; bank NPLs are already rising.

Australian sovereign fund committed to alternative assets; PE more important than ever, says CIO.

Exits structured products businesses; splits Mittelstandsbank between corporates and retail division.

ECB’s Praet urges consolidation; conditions not right, says CaixaBank chairman.

S&P E-mini trader faces US regulatory charges; academics dispute ‘flash crash’ connection.

European activism reaches record levels; softer approach contrasts with US aggression.

First euro-denominated tier-3 notes issued; French banks still waiting for non-preferred clarification.

Brexit threatens eurozone, but region still crucial to global banks.

Capital markets activity in Europe is dominated by the UK, so the Brexit vote could have dealt a mortal blow to the European Commission’s plans to promote it through the capital markets union initiative. To survive, CMU will have to get global.

Recalled from Washington by a reform-minded president struggling to fulfil his election promises, Sri Mulyani Indrawati is pushing through a wholesale reform of Indonesia’s tax system. But it is not just about boosting revenues; for Mulyani it also symbolizes the beginning of a new era for the country.

As political tensions around income inequality rise, so too does pressure on banks to hire employees from more varied backgrounds. While some have been early adopters of diversity, there is much still to do.

Brazil’s economy leads the world in high interest rates. It is a blessing for banks but a burden on the economy – draining resources away from both new investment and consumption. Will new credit platforms finally jolt the established banks into a competitive response where previous strategies have failed?

Some landmark deals from international banks are pioneering the green-bond structure in Latin America. But until the region begins to sell in local currency to local investors, the potential will remain unfulfilled.

The investment case for Myanmar is well known: the resources, the population and the convenient neighbours. What about the reality of banking on the ground? Banks may be growing fast, but they face challenges ranging from an absence of mortgages to changing rules and a national obsession with cash.

The Italian lender’s revised capital plan prompted its share price to plunge 39% in a matter of hours. Time is running out for a capital raise by year-end.

A second acquisition of ABN Amro might offer Scandinavia’s biggest bank more than an industrial fit

Has Jamie Dimon been taking public speaking lessons from Donald Trump? Watching a panel discussion at the annual meeting of the Institute of International Finance (IIF) in Washington recently, where he sat alongside Mike Corbat and James Gorman, you'd be forgiven for thinking so.